TGRT vs. FELG
Compare and contrast key facts about T. Rowe Price Growth ETF (TGRT) and Fidelity Enhanced Large Cap Growth ETF (FELG).
TGRT and FELG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGRT is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGRT or FELG.
Key characteristics
| TGRT | FELG | |
|---|---|---|
| YTD Return | 23.20% | 22.93% |
| Daily Std Dev | 16.85% | 17.18% |
| Max Drawdown | -11.89% | -13.29% |
| Current Drawdown | -3.07% | -4.77% |
Correlation
The correlation between TGRT and FELG is 0.98, 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.
Performance
TGRT vs. FELG - Performance Comparison
The year-to-date returns for both stocks are quite close, with TGRT having a 23.20% return and FELG slightly lower at 22.93%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TGRT vs. FELG - Expense Ratio Comparison
TGRT has a 0.38% expense ratio, which is higher than FELG's 0.18% expense ratio.
Risk-Adjusted Performance
TGRT vs. FELG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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.
Not enough dataDividends
TGRT vs. FELG - Dividend Comparison
TGRT's dividend yield for the trailing twelve months is around 0.05%, less than FELG's 0.31% yield.
| TTM | 2023 | |
|---|---|---|
TGRT T. Rowe Price Growth ETF | 0.05% | 0.06% |
FELG Fidelity Enhanced Large Cap Growth ETF | 0.31% | 0.11% |
Drawdowns
TGRT vs. FELG - Drawdown Comparison
The maximum TGRT drawdown since its inception was -11.89%, smaller than the maximum FELG drawdown of -13.29%. Use the drawdown chart below to compare losses from any high point for TGRT and FELG. For additional features, visit the drawdowns tool.
Volatility
TGRT vs. FELG - Volatility Comparison
The current volatility for T. Rowe Price Growth ETF (TGRT) is 5.38%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 5.75%. This indicates that TGRT experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.