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ETFs

Fidelity Growth Opportunities ETF

FGRO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 02 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$560,381
AUM
$180,384,825
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
11.22%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
7.86%
NVDA
NVIDIA Corp
6.13%
GOOG
Alphabet Inc - Ordinary Shares - Class C
5.68%
AMZN
Amazon.com Inc.
5.39%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.26%
UBER
Uber Technologies Inc
3.42%
ON
ON Semiconductor Corp.
2.70%
AAPL
Apple Inc
2.66%
FLEX
Flex Ltd
2.46%
Invest with FGRO

What is FGRO?

The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Investing in companies that Fidelity Management & Research Company LLC (FMR) believes have above-average growth potential (stocks of these companies are often called growth stocks). Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments.

ETFs related toFGRO

ETFs correlated to FGRO include FBCG, IGM, JGRO

FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFGRO

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FGRO using Composer

FAQ

FGRO is a Global Equities ETF. The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Investing in companies that Fidelity Management & Research Company LLC (FMR) believes have above-average growth potential (stocks of these companies are often called growth stocks). Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments.

Yes, FGRO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FGRO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FGRO is -0.0121%. This is the percent change in the value of FGRO over the most recent 1-month period. The 3-month return on FGRO is 0.0044%. This is the percent change in the value of FGRO over the most recent 3-month period.

The standard deviation of FGRO for the past year is 0.2398%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FGRO include DGS, DFIV, and DXJ.

ETFs correlated to FGRO include FBCG, IGM, and JGRO.

ETFs that are inversely correlated to FGRO include SQQQ, PSQ, and QID.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.