FFLG vs HFRO

Comparison between FIDELITY FUNDAMENTAL LARGE CAP GROWTH ETF (FFLG, ETF) and Highland Opportunities and Income Fund (HFRO, ETF).

5-Year PerformanceFFLG has outperformed HFRO, delivering a return of +11.7% compared to +0.9%

FFLG vs HFRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FFLG(ETF)	HFRO(ETF)
Net Assets	$658M	$656M
Expense Ratio	0.38%	N/A
Max Drawdown	45.35%	72.48%
Sharpe Ratio	1.52	1.93
5Y Beta	1.34	0.62
P/E Ratio	37.71	N/A
Forward P/E	26.77	N/A
PEG Ratio	0.18	N/A
5Y Dividends CAGR	N/A	-11.54%
5Y EPS CAGR	40.13%	N/A

Net Assets

Winner

FFLG

$658M

HFRO

$656M

Expense Ratio

FFLG

0.38%

HFRO

N/A

Max Drawdown

Winner

FFLG

45.35%

HFRO

72.48%

Sharpe Ratio

FFLG

1.52

Winner

HFRO

1.93

5Y Beta

FFLG

1.34

Winner

HFRO

0.62

P/E Ratio

FFLG

37.71

HFRO

N/A

Forward P/E

FFLG

26.77

HFRO

N/A

PEG Ratio

FFLG

0.18

HFRO

N/A

5Y Dividends CAGR

FFLG

N/A

HFRO

-11.54%

5Y EPS CAGR

FFLG

40.13%

HFRO

N/A

FFLG vs HFRO - Historical Returns

Returns include dividend reinvestment.

Period	FFLG	HFRO
1 month	+3.75%	+18.79%
3 months	+21.32%	+28.65%
6 months	+18.23%	+24.63%
1 year	+37.29%	+51.45%
5 years(CAGR)	+11.66%	+0.86%
10 years(CAGR)	N/A	-0.52%
Max(CAGR)	+10.81%	-0.52%

FFLG

+3.75%

Winner

HFRO

+18.79%

FFLG

+21.32%

Winner

HFRO

+28.65%

FFLG

+18.23%

Winner

HFRO

+24.63%

FFLG

+37.29%

Winner

HFRO

+51.45%

5Y(CAGR)

Winner

FFLG

+11.66%

HFRO

+0.86%

10Y(CAGR)

FFLG

N/A

HFRO

-0.52%

Max(CAGR)

Winner

FFLG

+10.81%

HFRO

-0.52%

FFLG vs HFRO - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FFLG	HFRO
2026	+15.35%	+25.68%
2025	+18.80%	+22.68%
2024	+34.91%	-29.13%
2023	+51.87%	-16.57%
2022	-38.46%	+0.78%
2021	+1.72%	+14.90%
2020	N/A	-8.01%
2019	N/A	+2.92%
2018	N/A	-12.60%
2017	N/A	+1.01%

FFLG vs HFRO Drawdown Comparison

The maximum drawdown for FFLG was -44.52%, occurring on Oct 14, 2022. Recovery took 632 trading sessions.

The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current FFLG drawdown is -1.45%. The current HFRO drawdown is -15.17%.

Rank	FFLG	HFRO
#1	-44.52% Nov 8, 2021 - May 15, 2024	-52.76% Aug 17, 2022 - Apr 8, 2025
#2	-26.72% Jan 23, 2025 - Jun 30, 2025	-49.42% Jul 24, 2018 - Mar 29, 2022
#3	-14.33% Jul 10, 2024 - Oct 14, 2024	-9.70% May 6, 2022 - Aug 15, 2022
#4	-14.23% Oct 29, 2025 - Apr 14, 2026	-3.99% Nov 7, 2017 - Dec 22, 2017
#5	-13.93% Feb 12, 2021 - Jun 24, 2021	-2.92% Jan 31, 2018 - Feb 21, 2018
#6	-8.31% Sep 3, 2021 - Nov 3, 2021	-2.88% Feb 23, 2018 - Jul 11, 2018
#7	-7.45% Jun 2, 2026 - Jun 10, 2026	-2.01% Mar 31, 2022 - May 2, 2022
#8	-4.85% Dec 6, 2024 - Jan 22, 2025	-0.96% Dec 22, 2017 - Jan 4, 2018
#9	-4.06% Jul 6, 2021 - Jul 23, 2021	-0.96% Jan 9, 2018 - Jan 22, 2018
#10	-3.82% Oct 29, 2024 - Nov 6, 2024	-0.94% Jul 16, 2018 - Jul 24, 2018
#11	-3.74% May 14, 2026 - May 28, 2026	-0.76% Mar 29, 2022 - Mar 31, 2022
#12	-3.63% Oct 9, 2025 - Oct 24, 2025	-0.71% Jan 4, 2018 - Jan 9, 2018
#13	-3.61% Aug 5, 2021 - Aug 24, 2021	-0.67% May 4, 2022 - May 6, 2022
#14	-3.03% Nov 8, 2024 - Dec 2, 2024	-0.51% Jan 22, 2018 - Jan 29, 2018
#15	-2.95% Aug 12, 2025 - Aug 28, 2025	-0.31% Feb 21, 2018 - Feb 23, 2018

Correlation

Correlation between FFLG and HFRO is -0.58 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.58

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