BGRO vs. FBGRX

Last updated Jun 5, 2026

BGRO (BlackRock Large Cap Growth ETF) and FBGRX (Fidelity Blue Chip Growth Fund) are both Large Cap Growth Equities funds. Over the past year, BGRO returned 24.69% vs 43.35% for FBGRX. With a 0.96 correlation, they move nearly in lockstep. BGRO charges 0.55%/yr vs 0.79%/yr for FBGRX.

Performance

BGRO vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Large Cap Growth ETF (BGRO) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGRO achieves a 13.75% return, which is significantly lower than FBGRX's 18.19% return.

BGRO

• 1D: 0.03%
• 1M: 7.41%
• YTD: 13.75%
• 6M: 13.14%
• 1Y: 24.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBGRX

• 1D: -0.31%
• 1M: 7.83%
• YTD: 18.19%
• 6M: 19.03%
• 1Y: 43.35%
• 3Y*: 32.41%
• 5Y*: 16.66%
• 10Y*: 21.84%

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

BGRO vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BGRO BlackRock Large Cap Growth ETF	13.75%	12.37%	10.92%
FBGRX Fidelity Blue Chip Growth Fund	18.19%	19.91%	12.95%

Correlation

The correlation between BGRO and FBGRX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 6, 2024	0.96

The correlation between BGRO and FBGRX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

BGRO vs. FBGRX — Risk / Return Rank

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

BGRO

BGRO Risk / Return Rank: 35
BGRO Sharpe Ratio Rank: 39
BGRO Sortino Ratio Rank: 37
BGRO Omega Ratio Rank: 37
BGRO Calmar Ratio Rank: 29
BGRO Martin Ratio Rank: 32

FBGRX

FBGRX Risk / Return Rank: 71
FBGRX Sharpe Ratio Rank: 77
FBGRX Sortino Ratio Rank: 61
FBGRX Omega Ratio Rank: 61
FBGRX Calmar Ratio Rank: 78
FBGRX Martin Ratio Rank: 80

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.

BGRO vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Growth ETF (BGRO) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	BGRO	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.57	-1.20
Sortino ratio: Return per unit of downside risk	1.88	3.31	-1.43
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.41	3.54	-2.13
Martin ratio: Return relative to average drawdown	4.71	14.99	-10.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGRO vs. FBGRX - Sharpe Ratio Comparison

The current BGRO Sharpe Ratio is 1.37, which is lower than the FBGRX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of BGRO and FBGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGRO	FBGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.57	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.68	+0.14

Drawdowns

BGRO vs. FBGRX - Drawdown Comparison

The maximum BGRO drawdown since its inception was -24.94%, smaller than the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for BGRO and FBGRX.

Drawdown Indicators

	BGRO	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-24.94%	-58.64%	+33.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.64%	-12.65%	-4.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.08%	—
Current Drawdown Current decline from peak	-2.02%	-0.31%	-1.71%
Average Drawdown Average peak-to-trough decline	-4.75%	-12.53%	+7.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	2.98%	+2.28%

Volatility

BGRO vs. FBGRX - Volatility Comparison

BlackRock Large Cap Growth ETF (BGRO) has a higher volatility of 4.93% compared to Fidelity Blue Chip Growth Fund (FBGRX) at 4.19%. This indicates that BGRO's price experiences larger fluctuations and is considered to be riskier than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGRO	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.19%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	13.01%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	17.43%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.54%	24.88%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.54%	23.68%	-0.14%

BGRO vs. FBGRX - Expense Ratio Comparison

BGRO has a 0.55% expense ratio, which is lower than FBGRX's 0.79% expense ratio.

Dividends

BGRO vs. FBGRX - Dividend Comparison

BGRO's dividend yield for the trailing twelve months is around 0.03%, less than FBGRX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGRO BlackRock Large Cap Growth ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FBGRX Fidelity Blue Chip Growth Fund	1.61%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%

Frequently Asked Questions

Can I hold both BGRO and FBGRX in my portfolio?

With a correlation of 0.94, BGRO and FBGRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BGRO or FBGRX?

BGRO has higher volatility (4.93%) compared to FBGRX (4.19%). In terms of maximum drawdown, BGRO dropped -24.94% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (2.57 vs 1.37), 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.