VGRO.TO vs. FGRO

Last updated Jul 16, 2026

VGRO.TO (Vanguard Growth ETF Portfolio) and FGRO (Fidelity Growth Opportunities ETF) are both exchange-traded funds - VGRO.TO is a Diversified Portfolio fund actively managed by Vanguard, while FGRO is a Global Equities fund actively managed by Fidelity. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. VGRO.TO charges 0.20%/yr vs 0.59%/yr for FGRO.

Performance

VGRO.TO vs. FGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Growth ETF Portfolio (VGRO.TO) and Fidelity Growth Opportunities ETF (FGRO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGRO.TO is traded in CAD, while FGRO is traded in USD. To make them comparable, the FGRO values have been converted to CAD using the latest available exchange rates.

Returns By Period

VGRO.TO

• 1D: 0.21%
• 1M: 0.09%
• 6M: 8.26%
• YTD: 11.62%
• 1Y: 23.73%
• 3Y*: 18.14%
• 5Y*: 10.89%
• 10Y*: —

FGRO

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGRO.TO vs. FGRO - Yearly Performance Comparison

	2026 (YTD)
VGRO.TO Vanguard Growth ETF Portfolio	2.72%
FGRO Fidelity Growth Opportunities ETF	-1.18%

Correlation

The correlation between VGRO.TO and FGRO is 0.10, 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	0.10

Return for Risk

VGRO.TO vs. FGRO — Risk / Return Rank

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

VGRO.TO

VGRO.TO Risk / Return Rank: 87
VGRO.TO Sharpe Ratio Rank: 89
VGRO.TO Sortino Ratio Rank: 89
VGRO.TO Omega Ratio Rank: 88
VGRO.TO Calmar Ratio Rank: 80
VGRO.TO Martin Ratio Rank: 87

FGRO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VGRO.TO vs. FGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth ETF Portfolio (VGRO.TO) 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.

	VGRO.TO	FGRO	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.26	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.40	—	—
Martin ratio: Return relative to average drawdown	14.49	—	—

Drawdowns

Drawdown Indicators

	VGRO.TO	FGRO	Difference
Max Drawdown Largest peak-to-trough decline	-25.36%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.37%	—	—
Current Drawdown Current decline from peak	-0.94%	—	—
Average Drawdown Average peak-to-trough decline	-3.36%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	VGRO.TO	FGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.52%	—	—

VGRO.TO vs. FGRO - Expense Ratio Comparison

VGRO.TO has a 0.20% expense ratio, which is lower than FGRO's 0.59% expense ratio.

Dividends

VGRO.TO vs. FGRO - Dividend Comparison

VGRO.TO's dividend yield for the trailing twelve months is around 1.75%, while FGRO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FGRO Fidelity Growth Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGRO.TO Vanguard Growth ETF Portfolio	1.75%	1.88%	2.04%	2.18%	2.17%	1.82%	1.80%	2.20%	2.12%

Frequently Asked Questions

Can I hold both VGRO.TO and FGRO in my portfolio?

VGRO.TO and FGRO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGRO.TO or FGRO?

On fees, VGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGRO.TO or FGRO?

VGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.59% for FGRO.

What is the main difference between VGRO.TO and FGRO?

VGRO.TO is categorized as Diversified Portfolio, while FGRO is Global Equities. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.20% for VGRO.TO and 0.59% for FGRO.