TGRT vs. FDSVX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Growth ETF (TGRT) and Fidelity Growth Discovery Fund (FDSVX).

TGRT is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. FDSVX is managed by Fidelity. It was launched on Mar 31, 1998.

Performance

TGRT vs. FDSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth ETF (TGRT) and Fidelity Growth Discovery Fund (FDSVX). The values are adjusted to include any dividend payments, if applicable.

TGRT vs. FDSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	-10.29%	16.94%	32.85%	12.79%
FDSVX Fidelity Growth Discovery Fund	-5.39%	15.14%	30.19%	10.06%

Returns By Period

In the year-to-date period, TGRT achieves a -10.29% return, which is significantly lower than FDSVX's -5.39% return.

TGRT

• 1D: 0.99%
• 1M: -5.02%
• YTD: -10.29%
• 6M: -9.32%
• 1Y: 14.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDSVX

• 1D: 4.29%
• 1M: -5.36%
• YTD: -5.39%
• 6M: -4.84%
• 1Y: 18.14%
• 3Y*: 20.43%
• 5Y*: 11.27%
• 10Y*: 16.98%

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

TGRT vs. FDSVX - Expense Ratio Comparison

TGRT has a 0.38% expense ratio, which is lower than FDSVX's 0.77% expense ratio.

FDSVX

Fidelity Growth Discovery Fund

TGRT

T. Rowe Price Growth ETF

Return for Risk

TGRT vs. FDSVX — Risk / Return Rank

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

TGRT

TGRT Risk / Return Rank: 34
TGRT Sharpe Ratio Rank: 32
TGRT Sortino Ratio Rank: 36
TGRT Omega Ratio Rank: 35
TGRT Calmar Ratio Rank: 33
TGRT Martin Ratio Rank: 32

FDSVX

FDSVX Risk / Return Rank: 46
FDSVX Sharpe Ratio Rank: 38
FDSVX Sortino Ratio Rank: 43
FDSVX Omega Ratio Rank: 41
FDSVX Calmar Ratio Rank: 59
FDSVX Martin Ratio Rank: 51

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.

TGRT vs. FDSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and Fidelity Growth Discovery Fund (FDSVX). 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.

	TGRT	FDSVX	Difference
Sharpe ratio Return per unit of total volatility	0.65	0.85	-0.21
Sortino ratio Return per unit of downside risk	1.09	1.35	-0.26
Omega ratio Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio Return relative to maximum drawdown	0.88	1.43	-0.55
Martin ratio Return relative to average drawdown	2.98	5.14	-2.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGRT vs. FDSVX - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 0.65, which is comparable to the FDSVX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of TGRT and FDSVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGRT	FDSVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	0.85	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.50	+0.41

Correlation

The correlation between TGRT and FDSVX is 0.95, 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.

Dividends

TGRT vs. FDSVX - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.09%, less than FDSVX's 1.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGRT T. Rowe Price Growth ETF	0.09%	0.08%	0.09%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDSVX Fidelity Growth Discovery Fund	1.67%	1.58%	12.81%	2.55%	3.65%	13.46%	9.63%	4.28%	5.02%	4.87%	0.09%	0.17%

Drawdowns

TGRT vs. FDSVX - Drawdown Comparison

The maximum TGRT drawdown since its inception was -22.04%, smaller than the maximum FDSVX drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for TGRT and FDSVX.

Drawdown Indicators

	TGRT	FDSVX	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-59.34%	+37.30%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-13.05%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.09%	—
Current Drawdown Current decline from peak	-13.75%	-8.77%	-4.98%
Average Drawdown Average peak-to-trough decline	-3.26%	-12.67%	+9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	3.64%	+1.66%

Volatility

TGRT vs. FDSVX - Volatility Comparison

T. Rowe Price Growth ETF (TGRT) and Fidelity Growth Discovery Fund (FDSVX) have volatilities of 7.45% and 7.76%, 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.

Volatility by Period

	TGRT	FDSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	7.76%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	13.10%	13.34%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	22.69%	22.20%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	20.33%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	20.52%	-1.22%