FGRO vs. VUG

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and Vanguard Growth ETF (VUG).

FGRO and VUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP US Large Cap Growth Index. It was launched on Nov 13, 2000.

Performance

FGRO vs. VUG - Performance Comparison

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

FGRO vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FGRO Fidelity Growth Opportunities ETF	-7.11%	19.61%	32.29%	49.71%	-37.86%	1.72%
VUG Vanguard Growth ETF	-10.37%	19.40%	32.69%	46.83%	-33.16%	22.30%

Returns By Period

In the year-to-date period, FGRO achieves a -7.11% return, which is significantly higher than VUG's -10.37% return.

FGRO

• 1D: 4.82%
• 1M: -5.34%
• YTD: -7.11%
• 6M: -5.65%
• 1Y: 25.80%
• 3Y*: 23.70%
• 5Y*: 7.97%
• 10Y*: —

VUG

• 1D: 4.00%
• 1M: -5.12%
• YTD: -10.37%
• 6M: -8.73%
• 1Y: 18.30%
• 3Y*: 21.15%
• 5Y*: 11.43%
• 10Y*: 16.03%

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

FGRO vs. VUG - Expense Ratio Comparison

FGRO has a 0.59% expense ratio, which is higher than VUG's 0.03% expense ratio.

FGRO

Fidelity Growth Opportunities ETF

VUG

Vanguard Growth ETF

Return for Risk

FGRO vs. VUG — Risk / Return Rank

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

VUG

VUG Risk / Return Rank: 50
VUG Sharpe Ratio Rank: 49
VUG Sortino Ratio Rank: 54
VUG Omega Ratio Rank: 53
VUG Calmar Ratio Rank: 49
VUG Martin Ratio Rank: 45

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. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Vanguard Growth ETF (VUG). 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.

	FGRO	VUG	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.81	+0.22
Sortino ratio Return per unit of downside risk	1.58	1.31	+0.27
Omega ratio Gain probability vs. loss probability	1.22	1.18	+0.04
Calmar ratio Return relative to maximum drawdown	1.81	1.11	+0.69
Martin ratio Return relative to average drawdown	6.42	3.96	+2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRO vs. VUG - Sharpe Ratio Comparison

The current FGRO Sharpe Ratio is 1.03, which is comparable to the VUG Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FGRO and VUG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGRO	VUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.81	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.52	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.57	-0.31

Correlation

The correlation between FGRO and VUG is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FGRO vs. VUG - Dividend Comparison

FGRO has not paid dividends to shareholders, while VUG's dividend yield for the trailing twelve months is around 0.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRO Fidelity Growth Opportunities ETF	0.16%	0.14%	0.09%	0.00%	1.50%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUG Vanguard Growth ETF	0.46%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Drawdowns

FGRO vs. VUG - Drawdown Comparison

The maximum FGRO drawdown since its inception was -44.52%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for FGRO and VUG.

Volatility

FGRO vs. VUG - Volatility Comparison

Fidelity Growth Opportunities ETF (FGRO) has a higher volatility of 8.50% compared to Vanguard Growth ETF (VUG) at 7.00%. This indicates that FGRO's price experiences larger fluctuations and is considered to be riskier than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRO	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	7.00%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	12.65%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	25.16%	22.68%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.40%	22.23%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.59%	21.38%	+4.21%