EMDV vs. FBCGX

Last updated Aug 4, 2026

EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) and FBCGX (Fidelity Blue Chip Growth K6 Fund) are both funds - EMDV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Dividend Masters Index, while FBCGX is a Large Cap Growth Equities fund actively managed by Fidelity. EMDV is passively managed, while FBCGX is actively managed. Over the past 5 years, EMDV returned -1.67%/yr vs 13.62%/yr for FBCGX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. EMDV charges 0.60%/yr vs 0.45%/yr for FBCGX.

Performance

EMDV vs. FBCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and Fidelity Blue Chip Growth K6 Fund (FBCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMDV achieves a 2.19% return, which is significantly lower than FBCGX's 9.45% return.

EMDV

• 1D: 0.66%
• 1M: 4.99%
• 6M: 0.40%
• YTD: 2.19%
• 1Y: 6.81%
• 3Y*: 2.30%
• 5Y*: -1.67%
• 10Y*: 1.83%
• ALL TIME*: 4.08%

FBCGX

• 1D: 1.09%
• 1M: -3.87%
• 6M: 9.30%
• YTD: 9.45%
• 1Y: 22.70%
• 3Y*: 25.17%
• 5Y*: 13.62%
• 10Y*: —
• ALL TIME*: 20.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	$3.02K	$6.25K	$10.42K
FBCGX Fidelity Blue Chip Growth K6 Fund	$0.00	$0.00	$0.00

EMDV vs. FBCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	2.19%	11.90%	0.06%	-1.03%	-18.19%	1.11%	-0.09%	14.93%	-7.52%	13.77%
FBCGX Fidelity Blue Chip Growth K6 Fund	9.45%	21.33%	38.15%	55.57%	-37.84%	23.00%	62.92%	36.11%	-2.33%	14.15%

Correlation

The correlation between EMDV and FBCGX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.53

The correlation between EMDV and FBCGX shifts across timeframes, from 0.42 (3 years) to 0.54 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMDV vs. FBCGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EMDV

EMDV Risk / Return Rank: 26
EMDV Sharpe Ratio Rank: 25
EMDV Sortino Ratio Rank: 24
EMDV Omega Ratio Rank: 24
EMDV Calmar Ratio Rank: 29
EMDV Martin Ratio Rank: 27

FBCGX

FBCGX Risk / Return Rank: 30
FBCGX Sharpe Ratio Rank: 27
FBCGX Sortino Ratio Rank: 27
FBCGX Omega Ratio Rank: 26
FBCGX Calmar Ratio Rank: 35
FBCGX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMDV vs. FBCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and Fidelity Blue Chip Growth K6 Fund (FBCGX). 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.

	EMDV	FBCGX	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.98	-0.40
Sortino ratio: Return per unit of downside risk	0.90	1.45	-0.54
Omega ratio: Gain probability vs. loss probability	1.11	1.18	-0.07
Calmar ratio: Return relative to maximum drawdown	0.94	1.60	-0.66
Martin ratio: Return relative to average drawdown	2.24	5.43	-3.19

EMDV vs. FBCGX - Sharpe Ratio Comparison

The current EMDV Sharpe Ratio is 0.59, which is lower than the FBCGX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of EMDV and FBCGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMDV vs. FBCGX - Drawdown Comparison

The maximum EMDV drawdown since its inception was -39.20%, smaller than the maximum FBCGX drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for EMDV and FBCGX.

Drawdown Indicators

	EMDV	FBCGX	Difference
Max Drawdown Largest peak-to-trough decline	-39.20%	-42.55%	+3.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-12.64%	+5.40%
Max Drawdown (3Y) Largest decline over 3 years	-20.71%	-26.83%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	-42.55%	+9.18%
Max Drawdown (10Y) Largest decline over 10 years	-39.20%	—	—
Current Drawdown Current decline from peak	-13.94%	-8.03%	-5.91%
Average Drawdown Average peak-to-trough decline	-13.59%	-8.82%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	3.72%	-0.68%

Volatility

EMDV vs. FBCGX - Volatility Comparison

The current volatility for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) is 3.09%, while Fidelity Blue Chip Growth K6 Fund (FBCGX) has a volatility of 7.30%. This indicates that EMDV experiences smaller price fluctuations and is considered to be less risky than FBCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMDV	FBCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	7.30%	-4.21%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	16.67%	-6.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	20.64%	-8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	25.39%	-9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	24.94%	-6.95%

EMDV vs. FBCGX - Expense Ratio Comparison

EMDV has a 0.60% expense ratio, which is higher than FBCGX's 0.45% expense ratio.

Dividends

EMDV vs. FBCGX - Dividend Comparison

EMDV's dividend yield for the trailing twelve months is around 1.89%, more than FBCGX's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	1.89%	2.46%	2.79%	1.88%	3.68%	2.12%	3.12%	2.38%	1.27%	2.09%	2.87%
FBCGX Fidelity Blue Chip Growth K6 Fund	0.88%	0.97%	0.62%	0.26%	0.12%	6.71%	1.26%	0.28%	0.46%	0.13%	0.00%

Frequently Asked Questions

Can I hold both EMDV and FBCGX in my portfolio?

EMDV and FBCGX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMDV or FBCGX?

FBCGX has higher volatility (7.30%) compared to EMDV (3.09%). In terms of maximum drawdown, EMDV dropped -39.20% vs FBCGX's -42.55%.

Which has better risk-adjusted returns?

FBCGX currently has the higher Sharpe Ratio (0.98 vs 0.59), 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.