FGRO vs. VOLT

Last updated Jun 24, 2026

FGRO (Fidelity Growth Opportunities ETF) and VOLT (Tema Electrification ETF) are both Global Equities funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. FGRO charges 0.59%/yr vs 0.75%/yr for VOLT.

Performance

FGRO vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Opportunities ETF (FGRO) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGRO

• 1D: -0.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOLT

• 1D: -3.50%
• 1M: 2.50%
• YTD: 40.29%
• 6M: 38.12%
• 1Y: 64.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGRO vs. VOLT - Yearly Performance Comparison

	2026 (YTD)
FGRO Fidelity Growth Opportunities ETF	-1.24%
VOLT Tema Electrification ETF	5.68%

Correlation

The correlation between FGRO and VOLT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.47

FGRO vs. VOLT - Sectors Allocation Comparison

Sectors	FGRO	VOLT
Technology	47.1%	12.9%
Communication Services	18.4%	-
Consumer Cyclical	12.3%	3.4%
Healthcare	7.9%	-
Industrials	5.7%	47.0%
Financial Services	4.8%	0.5%
Basic Materials	1.5%	-
Consumer Defensive	0.8%	-
Real Estate	0.7%	-
Utilities	0.5%	31.0%
Energy	0.2%	4.7%

Return for Risk

FGRO vs. VOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGRO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 86
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGRO vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Tema Electrification ETF (VOLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FGRO	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.99	—
Sortino ratio: Return per unit of downside risk	—	3.71	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	6.78	—
Martin ratio: Return relative to average drawdown	—	18.99	—

Drawdowns

FGRO vs. VOLT - Drawdown Comparison

The maximum FGRO drawdown since its inception was -1.24%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for FGRO and VOLT.

Drawdown Indicators

	FGRO	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-1.24%	-23.40%	+22.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.59%	—
Current Drawdown Current decline from peak	-1.24%	-3.50%	+2.26%
Average Drawdown Average peak-to-trough decline	-0.61%	-5.14%	+4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.42%	—

Volatility

Volatility by Period

	FGRO	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.18%	21.75%	-14.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.18%	24.55%	-17.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.18%	24.55%	-17.37%

FGRO vs. VOLT - Expense Ratio Comparison

FGRO has a 0.59% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

FGRO vs. VOLT - Dividend Comparison

FGRO has not paid dividends to shareholders, while VOLT's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024
FGRO Fidelity Growth Opportunities ETF	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.32%	0.46%	0.01%

Frequently Asked Questions

Can I hold both FGRO and VOLT in my portfolio?

FGRO and VOLT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGRO or VOLT?

On fees, FGRO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGRO or VOLT?

FGRO is cheaper with a 0.59% expense ratio, compared with 0.75% for VOLT.

Which ETF pays a higher dividend yield, FGRO or VOLT?

VOLT has the higher dividend yield at 0.32%, compared with 0.00% for FGRO.

What is the main difference between FGRO and VOLT?

They also come from different issuers: Fidelity and Tema. Their fees differ too: 0.59% for FGRO and 0.75% for VOLT.