JGRO vs. FDEGX

Last updated Jun 9, 2026

JGRO (JPMorgan Active Growth ETF) and FDEGX (Fidelity Growth Strategies Fund) are both funds - JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan, while FDEGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 3 years, JGRO returned 21.66%/yr vs 16.17%/yr for FDEGX. Their correlation of 0.85 suggests significant overlap in exposure. JGRO charges 0.44%/yr vs 0.63%/yr for FDEGX.

Performance

JGRO vs. FDEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Growth ETF (JGRO) and Fidelity Growth Strategies Fund (FDEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGRO achieves a 3.00% return, which is significantly lower than FDEGX's 8.51% return.

JGRO

• 1D: 0.36%
• 1M: -0.87%
• YTD: 3.00%
• 6M: 1.07%
• 1Y: 16.04%
• 3Y*: 21.66%
• 5Y*: —
• 10Y*: —

FDEGX

• 1D: -3.58%
• 1M: -0.04%
• YTD: 8.51%
• 6M: -1.97%
• 1Y: 1.60%
• 3Y*: 16.17%
• 5Y*: 7.93%
• 10Y*: 11.86%

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

JGRO vs. FDEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JGRO JPMorgan Active Growth ETF	3.00%	14.71%	32.77%	37.74%	-10.03%
FDEGX Fidelity Growth Strategies Fund	8.51%	2.88%	26.57%	20.93%	-4.79%

Correlation

The correlation between JGRO and FDEGX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.85

The correlation between JGRO and FDEGX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Return for Risk

JGRO vs. FDEGX — Risk / Return Rank

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

JGRO

JGRO Risk / Return Rank: 27
JGRO Sharpe Ratio Rank: 31
JGRO Sortino Ratio Rank: 29
JGRO Omega Ratio Rank: 30
JGRO Calmar Ratio Rank: 23
JGRO Martin Ratio Rank: 24

FDEGX

FDEGX Risk / Return Rank: 4
FDEGX Sharpe Ratio Rank: 4
FDEGX Sortino Ratio Rank: 4
FDEGX Omega Ratio Rank: 4
FDEGX Calmar Ratio Rank: 4
FDEGX Martin Ratio Rank: 4

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.

JGRO vs. FDEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Growth ETF (JGRO) and Fidelity Growth Strategies Fund (FDEGX). 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.

	JGRO	FDEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.13	+0.89
Sortino ratio: Return per unit of downside risk	1.44	0.33	+1.11
Omega ratio: Gain probability vs. loss probability	1.19	1.04	+0.14
Calmar ratio: Return relative to maximum drawdown	0.98	0.15	+0.83
Martin ratio: Return relative to average drawdown	2.95	0.37	+2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRO vs. FDEGX - Sharpe Ratio Comparison

The current JGRO Sharpe Ratio is 1.02, which is higher than the FDEGX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of JGRO and FDEGX, 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

	JGRO	FDEGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.13	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.40	+0.56

Drawdowns

JGRO vs. FDEGX - Drawdown Comparison

The maximum JGRO drawdown since its inception was -22.70%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for JGRO and FDEGX.

Drawdown Indicators

	JGRO	FDEGX	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-85.96%	+63.26%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-20.45%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-26.04%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.62%	—
Current Drawdown Current decline from peak	-3.94%	-6.93%	+2.99%
Average Drawdown Average peak-to-trough decline	-4.85%	-36.82%	+31.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	8.01%	-2.56%

Volatility

JGRO vs. FDEGX - Volatility Comparison

The current volatility for JPMorgan Active Growth ETF (JGRO) is 4.94%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 6.56%. This indicates that JGRO experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGRO	FDEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	6.56%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	19.21%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	22.26%	-6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.94%	23.35%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.94%	22.07%	-2.13%

JGRO vs. FDEGX - Expense Ratio Comparison

JGRO has a 0.44% expense ratio, which is lower than FDEGX's 0.63% expense ratio.

Dividends

JGRO vs. FDEGX - Dividend Comparison

JGRO's dividend yield for the trailing twelve months is around 0.15%, while FDEGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDEGX Fidelity Growth Strategies Fund	0.00%	0.00%	7.89%	0.05%	0.00%	14.15%	8.37%	3.65%	0.75%	0.05%	0.59%	0.13%
JGRO JPMorgan Active Growth ETF	0.15%	0.16%	0.10%	0.17%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JGRO and FDEGX in my portfolio?

JGRO and FDEGX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGRO or FDEGX?

FDEGX has higher volatility (6.56%) compared to JGRO (4.94%). In terms of maximum drawdown, JGRO dropped -22.70% vs FDEGX's -85.96%.

Which has better risk-adjusted returns?

JGRO currently has the higher Sharpe Ratio (1.02 vs 0.13), 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.