LENS vs. FGRO
LENS (Sarmaya Thematic ETF) and FGRO (Fidelity Growth Opportunities ETF) are both Global Equities funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. LENS charges 0.79%/yr vs 0.59%/yr for FGRO.
Performance
LENS vs. FGRO - Performance Comparison
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Returns By Period
LENS
- 1D
- -3.53%
- 1M
- -13.12%
- YTD
- -1.00%
- 6M
- -3.33%
- 1Y
- 39.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGRO
- 1D
- -0.92%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LENS vs. FGRO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LENS Sarmaya Thematic ETF | -7.89% |
FGRO Fidelity Growth Opportunities ETF | -1.24% |
Correlation
The correlation between LENS and FGRO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026 | -0.04 |
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Return for Risk
LENS vs. FGRO — Risk / Return Rank
LENS
FGRO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LENS vs. FGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sarmaya Thematic ETF (LENS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LENS | FGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | — | — |
| Martin ratioReturn relative to average drawdown | 5.26 | — | — |
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Drawdowns
LENS vs. FGRO - Drawdown Comparison
The maximum LENS drawdown since its inception was -24.55%, which is greater than FGRO's maximum drawdown of -1.24%. Use the drawdown chart below to compare losses from any high point for LENS and FGRO.
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Drawdown Indicators
| LENS | FGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.55% | -1.24% | -23.31% |
Max Drawdown (1Y)Largest decline over 1 year | -24.55% | — | — |
Current DrawdownCurrent decline from peak | -24.55% | -1.24% | -23.31% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -0.61% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | — | — |
Volatility
LENS vs. FGRO - Volatility Comparison
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Volatility by Period
| LENS | FGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.38% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.92% | 7.18% | +20.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.03% | 7.18% | +18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 7.18% | +18.85% |
LENS vs. FGRO - Expense Ratio Comparison
LENS has a 0.79% expense ratio, which is higher than FGRO's 0.59% expense ratio.
Dividends
LENS vs. FGRO - Dividend Comparison
LENS's dividend yield for the trailing twelve months is around 1.62%, while FGRO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 0.00% | 0.00% |
LENS Sarmaya Thematic ETF | 1.62% | 1.60% |
Frequently Asked Questions
LENS and FGRO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FGRO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FGRO is cheaper with a 0.59% expense ratio, compared with 0.79% for LENS.
LENS has the higher dividend yield at 1.62%, compared with 0.00% for FGRO.
They also come from different issuers: Sarmaya Partners and Fidelity. Their fees differ too: 0.79% for LENS and 0.59% for FGRO.
Find the right allocation for LENS and FGRO
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