FMIL vs. FGRO

In the year-to-date period, FMIL achieves a -0.08% return, which is significantly higher than FGRO's -2.79% return.

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Both FMIL and FGRO have an expense ratio of 0.59%.

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

The current FMIL Sharpe Ratio is 0.42, which is comparable to the FGRO Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of FMIL and FGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMIL's dividend yield for the trailing twelve months is around 0.26%, more than FGRO's 0.10% yield.

The maximum FMIL drawdown since its inception was -19.72%, smaller than the maximum FGRO drawdown of -44.52%. Use the drawdown chart below to compare losses from any high point for FMIL and FGRO. For additional features, visit the drawdowns tool.

The current volatility for Fidelity New Millennium ETF (FMIL) is 4.44%, while Fidelity Growth Opportunities ETF (FGRO) has a volatility of 6.43%. This indicates that FMIL experiences smaller price fluctuations and is considered to be less risky than FGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.