BGRFX vs. FBCG
BGRFX (Baron Growth Fund) and FBCG (Fidelity Blue Chip Growth ETF) are both funds - BGRFX is a Mid Cap Growth Equities fund managed by Baron Capital, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, BGRFX returned -4.58%/yr vs 12.83%/yr for FBCG. Their 0.61 correlation means they have sometimes moved together and sometimes differently. BGRFX charges 1.29%/yr vs 0.59%/yr for FBCG.
Performance
BGRFX vs. FBCG - Performance Comparison
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Returns By Period
In the year-to-date period, BGRFX achieves a -7.22% return, which is significantly lower than FBCG's 9.01% return.
BGRFX
- 1D
- -4.18%
- 1M
- 2.01%
- 6M
- -4.70%
- YTD
- -7.22%
- 1Y
- -14.10%
- 3Y*
- -5.92%
- 5Y*
- -4.58%
- 10Y*
- 7.24%
- ALL TIME*
- 9.61%
FBCG
- 1D
- 1.15%
- 1M
- -2.14%
- 6M
- 9.63%
- YTD
- 9.01%
- 1Y
- 21.78%
- 3Y*
- 24.38%
- 5Y*
- 12.83%
- 10Y*
- —
- ALL TIME*
- 19.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BGRFX Baron Growth Fund | $0.00 | $0.00 | $0.00 |
| $32.87M | $33.69M | $39.51M |
BGRFX vs. FBCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | -7.22% | -14.51% | 4.62% | 14.68% | -22.55% | 19.82% | 32.25% |
FBCG Fidelity Blue Chip Growth ETF | 9.01% | 18.60% | 39.05% | 57.98% | -39.10% | 21.34% | 41.44% |
Correlation
The correlation between BGRFX and FBCG is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.61 |
The correlation between BGRFX and FBCG shifts across timeframes, from -0.03 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BGRFX vs. FBCG — Risk / Return Rank
BGRFX
FBCG
BGRFX vs. FBCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and Fidelity Blue Chip Growth ETF (FBCG). 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.
| BGRFX | FBCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.17 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.24 | -1.88 |
| Martin ratioReturn relative to average drawdown | -1.06 | 4.24 | -5.30 |
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Drawdowns
BGRFX vs. FBCG - Drawdown Comparison
The maximum BGRFX drawdown since its inception was -56.10%, which is greater than FBCG's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for BGRFX and FBCG.
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Drawdown Indicators
| BGRFX | FBCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.10% | -43.56% | -12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -15.17% | -9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -27.89% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -35.02% | -43.56% | +8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | — | — |
Current DrawdownCurrent decline from peak | -27.48% | -6.68% | -20.80% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -11.32% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.71% | 4.44% | +10.27% |
Volatility
BGRFX vs. FBCG - Volatility Comparison
Baron Growth Fund (BGRFX) has a higher volatility of 10.92% compared to Fidelity Blue Chip Growth ETF (FBCG) at 6.38%. This indicates that BGRFX's price experiences larger fluctuations and is considered to be riskier than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRFX | FBCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 6.38% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 16.48% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 20.69% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 26.08% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 25.73% | -4.27% |
BGRFX vs. FBCG - Expense Ratio Comparison
BGRFX has a 1.29% expense ratio, which is higher than FBCG's 0.59% expense ratio.
Dividends
BGRFX vs. FBCG - Dividend Comparison
BGRFX's dividend yield for the trailing twelve months is around 22.54%, more than FBCG's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | 22.54% | 20.91% | 12.05% | 1.79% | 6.02% | 7.73% | 4.64% | 3.68% | 8.38% | 11.68% | 12.84% | 9.53% |
FBCG Fidelity Blue Chip Growth ETF | 0.04% | 0.05% | 0.12% | 0.02% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGRFX and FBCG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRFX has higher volatility (10.92%) compared to FBCG (6.38%). In terms of maximum drawdown, BGRFX dropped -56.10% vs FBCG's -43.56%.
FBCG currently has the higher Sharpe Ratio (0.91 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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