FGRO vs. XLK
Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and Technology Select Sector SPDR Fund (XLK).
FGRO and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRO or XLK.
Key characteristics
| FGRO | XLK | |
|---|---|---|
| YTD Return | 11.97% | 5.41% |
| 1Y Return | 47.50% | 38.40% |
| 3Y Return (Ann) | 3.63% | 14.97% |
| Sharpe Ratio | 2.58 | 2.09 |
| Daily Std Dev | 18.15% | 18.05% |
| Max Drawdown | -44.52% | -82.05% |
| Current Drawdown | -3.98% | -3.86% |
Correlation
The correlation between FGRO and XLK is 0.90, 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.
Performance
FGRO vs. XLK - Performance Comparison
In the year-to-date period, FGRO achieves a 11.97% return, which is significantly higher than XLK's 5.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FGRO vs. XLK - Expense Ratio Comparison
FGRO has a 0.59% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FGRO vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
FGRO vs. XLK - Dividend Comparison
FGRO has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.73%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 0.00% | 0.00% | 1.50% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.73% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FGRO vs. XLK - Drawdown Comparison
The maximum FGRO drawdown since its inception was -44.52%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FGRO and XLK. For additional features, visit the drawdowns tool.
Volatility
FGRO vs. XLK - Volatility Comparison
Fidelity Growth Opportunities ETF (FGRO) and Technology Select Sector SPDR Fund (XLK) have volatilities of 6.56% and 6.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.