FTWO vs. FDGFX

Last updated Jun 4, 2026

FTWO (Strive Natural Resources and Security ETF) and FDGFX (Fidelity Dividend Growth Fund) are both funds - FTWO is a Energy Equities fund tracking the Bloomberg Natural Resources and Security Total Return Index, while FDGFX is a Large Cap Value Equities fund managed by Fidelity. Over the past year, FTWO returned 30.91% vs 39.07% for FDGFX. A 0.67 correlation means they provide meaningful diversification when combined. FTWO charges 0.49%/yr vs 0.48%/yr for FDGFX.

Performance

FTWO vs. FDGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) and Fidelity Dividend Growth Fund (FDGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTWO achieves a 10.90% return, which is significantly lower than FDGFX's 17.51% return.

FTWO

• 1D: -0.94%
• 1M: -1.13%
• YTD: 10.90%
• 6M: 13.58%
• 1Y: 30.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDGFX

• 1D: -0.08%
• 1M: 5.10%
• YTD: 17.51%
• 6M: 19.03%
• 1Y: 39.07%
• 3Y*: 27.43%
• 5Y*: 16.05%
• 10Y*: 14.19%

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

FTWO vs. FDGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	10.90%	43.06%	14.97%	1.46%
FDGFX Fidelity Dividend Growth Fund	17.51%	22.48%	27.58%	7.07%

Correlation

The correlation between FTWO and FDGFX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 1, 2023	0.67

The correlation between FTWO and FDGFX has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

Return for Risk

FTWO vs. FDGFX — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 49
FTWO Sharpe Ratio Rank: 50
FTWO Sortino Ratio Rank: 48
FTWO Omega Ratio Rank: 46
FTWO Calmar Ratio Rank: 55
FTWO Martin Ratio Rank: 44

FDGFX

FDGFX Risk / Return Rank: 86
FDGFX Sharpe Ratio Rank: 90
FDGFX Sortino Ratio Rank: 84
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 84
FDGFX 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.

FTWO vs. FDGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) and Fidelity Dividend Growth Fund (FDGFX). 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.

	FTWO	FDGFX	Difference
Sharpe ratio Return per unit of total volatility	1.72	2.98	-1.27
Sortino ratio Return per unit of downside risk	2.33	3.97	-1.64
Omega ratio Gain probability vs. loss probability	1.29	1.53	-0.24
Calmar ratio Return relative to maximum drawdown	2.69	3.96	-1.27
Martin ratio Return relative to average drawdown	7.23	17.79	-10.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTWO vs. FDGFX - Sharpe Ratio Comparison

The current FTWO Sharpe Ratio is 1.72, which is lower than the FDGFX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of FTWO and FDGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTWO	FDGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.98	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.97	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.53	+0.78

Drawdowns

FTWO vs. FDGFX - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for FTWO and FDGFX.

Drawdown Indicators

	FTWO	FDGFX	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-60.77%	+42.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-10.16%	-1.38%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.29%	—
Current Drawdown Current decline from peak	-9.19%	-0.08%	-9.11%
Average Drawdown Average peak-to-trough decline	-3.43%	-7.52%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	2.26%	+2.03%

Volatility

FTWO vs. FDGFX - Volatility Comparison

Strive Natural Resources and Security ETF (FTWO) has a higher volatility of 5.79% compared to Fidelity Dividend Growth Fund (FDGFX) at 4.03%. This indicates that FTWO's price experiences larger fluctuations and is considered to be riskier than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTWO	FDGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	4.03%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	10.59%	+4.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	13.48%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	16.59%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	19.22%	+0.01%

FTWO vs. FDGFX - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is higher than FDGFX's 0.48% expense ratio.

Dividends

FTWO vs. FDGFX - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 1.01%, less than FDGFX's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGFX Fidelity Dividend Growth Fund	8.12%	9.35%	9.81%	3.48%	11.46%	7.81%	1.89%	4.84%	22.93%	15.35%	1.58%	8.44%
FTWO Strive Natural Resources and Security ETF	1.01%	1.02%	1.23%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTWO and FDGFX in my portfolio?

FTWO and FDGFX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTWO or FDGFX?

FTWO has higher volatility (5.79%) compared to FDGFX (4.03%). In terms of maximum drawdown, FTWO dropped -18.17% vs FDGFX's -60.77%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.98 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.