FBCG vs. AIRR

Last updated Jun 13, 2026

FBCG (Fidelity Blue Chip Growth ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - FBCG is a Large Cap Growth Equities fund actively managed by Fidelity, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. FBCG is actively managed, while AIRR is passively managed. Over the past 5 years, FBCG returned 14.46%/yr vs 25.46%/yr for AIRR. A 0.60 correlation means they provide meaningful diversification when combined. FBCG charges 0.59%/yr vs 0.69%/yr for AIRR.

Performance

FBCG vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth ETF (FBCG) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBCG achieves a 11.31% return, which is significantly lower than AIRR's 31.74% return.

FBCG

• 1D: 0.25%
• 1M: -0.54%
• YTD: 11.31%
• 6M: 12.74%
• 1Y: 32.07%
• 3Y*: 28.04%
• 5Y*: 14.46%
• 10Y*: —

AIRR

• 1D: 0.83%
• 1M: -0.02%
• YTD: 31.74%
• 6M: 28.77%
• 1Y: 65.25%
• 3Y*: 35.29%
• 5Y*: 25.46%
• 10Y*: 22.05%

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

FBCG vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCG Fidelity Blue Chip Growth ETF	11.31%	18.60%	39.05%	57.98%	-39.10%	21.34%	41.44%
AIRR First Trust RBA American Industrial Renaissance ETF	31.74%	27.92%	33.45%	31.43%	-2.08%	33.01%	38.86%

Correlation

The correlation between FBCG and AIRR is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.60

The correlation between FBCG and AIRR has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

FBCG vs. AIRR - Sectors Allocation Comparison

Sectors	FBCG	AIRR
Technology	48.3%	0.5%
Consumer Cyclical	17.2%	-
Communication Services	16.6%	-
Healthcare	6.7%	-
Industrials	5.7%	84.6%
Financial Services	2.2%	9.6%
Consumer Defensive	1.3%	-
Real Estate	0.7%	-
Basic Materials	0.6%	-
Utilities	0.5%	-
Energy	0.4%	3.8%

Return for Risk

FBCG vs. AIRR — Risk / Return Rank

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

FBCG

FBCG Risk / Return Rank: 53
FBCG Sharpe Ratio Rank: 56
FBCG Sortino Ratio Rank: 52
FBCG Omega Ratio Rank: 53
FBCG Calmar Ratio Rank: 48
FBCG Martin Ratio Rank: 53

AIRR

AIRR Risk / Return Rank: 86
AIRR Sharpe Ratio Rank: 88
AIRR Sortino Ratio Rank: 83
AIRR Omega Ratio Rank: 78
AIRR Calmar Ratio Rank: 91
AIRR Martin Ratio Rank: 90

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.

FBCG vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth ETF (FBCG) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.

	FBCG	AIRR	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.50	-0.84
Sortino ratio: Return per unit of downside risk	2.24	3.22	-0.98
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	2.12	5.01	-2.89
Martin ratio: Return relative to average drawdown	8.07	18.33	-10.26

FBCG vs. AIRR - Sharpe Ratio Comparison

The current FBCG Sharpe Ratio is 1.66, which is lower than the AIRR Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FBCG and AIRR, 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

FBCG vs. AIRR - Drawdown Comparison

The maximum FBCG drawdown since its inception was -43.56%, roughly equal to the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for FBCG and AIRR.

Drawdown Indicators

	FBCG	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-42.37%	-1.19%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-13.09%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.89%	-27.95%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-43.56%	-27.95%	-15.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.37%	—
Current Drawdown Current decline from peak	-4.71%	-1.89%	-2.82%
Average Drawdown Average peak-to-trough decline	-11.45%	-7.48%	-3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	3.57%	+0.42%

Volatility

FBCG vs. AIRR - Volatility Comparison

The current volatility for Fidelity Blue Chip Growth ETF (FBCG) is 7.21%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 9.32%. This indicates that FBCG experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCG	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	9.32%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	20.81%	-5.72%
Volatility (1Y) Calculated over the trailing 1-year period	19.38%	26.19%	-6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.90%	25.45%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	26.36%	-0.59%

FBCG vs. AIRR - Expense Ratio Comparison

FBCG has a 0.59% expense ratio, which is lower than AIRR's 0.69% expense ratio.

Dividends

FBCG vs. AIRR - Dividend Comparison

FBCG's dividend yield for the trailing twelve months is around 0.04%, less than AIRR's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRR First Trust RBA American Industrial Renaissance ETF	0.13%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%
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

Can I hold both FBCG and AIRR in my portfolio?

FBCG and AIRR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBCG or AIRR?

AIRR has higher volatility (9.32%) compared to FBCG (7.21%). In terms of maximum drawdown, FBCG dropped -43.56% vs AIRR's -42.37%.

Which ETF is better, FBCG or AIRR?

On 5-year performance, AIRR leads with 25.46% vs 14.46% for FBCG. On fees, FBCG is cheaper at 0.59% per year. On volatility, FBCG has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBCG or AIRR?

Over the 5-year period, AIRR has performed better with a 25.46% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBCG or AIRR?

FBCG is cheaper with a 0.59% expense ratio, compared with 0.69% for AIRR.

Which ETF pays a higher dividend yield, FBCG or AIRR?

AIRR has the higher dividend yield at 0.13%, compared with 0.04% for FBCG.

What is the main difference between FBCG and AIRR?

FBCG is categorized as Large Cap Growth Equities, while AIRR is Building & Construction. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.59% for FBCG and 0.69% for AIRR.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (2.50 vs 1.66), 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.