FBCG vs. BGRFX
FBCG (Fidelity Blue Chip Growth ETF) and BGRFX (Baron Growth Fund) are both funds - FBCG is a Large Cap Growth Equities fund actively managed by Fidelity, while BGRFX is a Mid Cap Growth Equities fund managed by Baron Capital. Over the past 5 years, FBCG returned 13.15%/yr vs -4.67%/yr for BGRFX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FBCG charges 0.59%/yr vs 1.29%/yr for BGRFX.
Performance
FBCG vs. BGRFX - Performance Comparison
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Returns By Period
In the year-to-date period, FBCG achieves a 11.42% return, which is significantly higher than BGRFX's -7.68% return.
FBCG
- 1D
- 2.21%
- 1M
- 0.02%
- 6M
- 11.39%
- YTD
- 11.42%
- 1Y
- 24.47%
- 3Y*
- 26.40%
- 5Y*
- 13.15%
- 10Y*
- —
- ALL TIME*
- 19.73%
BGRFX
- 1D
- -0.49%
- 1M
- 1.51%
- 6M
- -4.94%
- YTD
- -7.68%
- 1Y
- -14.52%
- 3Y*
- -5.86%
- 5Y*
- -4.67%
- 10Y*
- 7.25%
- ALL TIME*
- 9.59%
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 |
| $37.99M | $34.97M | $38.44M |
FBCG vs. BGRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBCG Fidelity Blue Chip Growth ETF | 11.42% | 18.60% | 39.05% | 57.98% | -39.10% | 21.34% | 41.44% |
BGRFX Baron Growth Fund | -7.68% | -14.51% | 4.62% | 14.68% | -22.55% | 19.82% | 32.25% |
Correlation
The correlation between FBCG and BGRFX is -0.04, 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. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
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 FBCG and BGRFX shifts across timeframes, from -0.04 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBCG vs. BGRFX — Risk / Return Rank
FBCG
BGRFX
FBCG vs. BGRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth ETF (FBCG) and Baron Growth Fund (BGRFX). 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 | BGRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.90 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.62 | +2.24 |
| Martin ratioReturn relative to average drawdown | 5.52 | -1.03 | +6.55 |
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Drawdowns
FBCG vs. BGRFX - Drawdown Comparison
The maximum FBCG drawdown since its inception was -43.56%, smaller than the maximum BGRFX drawdown of -56.10%. Use the drawdown chart below to compare losses from any high point for FBCG and BGRFX.
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Drawdown Indicators
| FBCG | BGRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.56% | -56.10% | +12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -24.67% | +9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.89% | -33.03% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -43.56% | -35.02% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.14% | — |
Current DrawdownCurrent decline from peak | -4.62% | -27.83% | +23.21% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -8.95% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 14.74% | -10.29% |
Volatility
FBCG vs. BGRFX - Volatility Comparison
The current volatility for Fidelity Blue Chip Growth ETF (FBCG) is 6.68%, while Baron Growth Fund (BGRFX) has a volatility of 10.68%. This indicates that FBCG experiences smaller price fluctuations and is considered to be less risky than BGRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBCG | BGRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 10.68% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 19.43% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 22.83% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 20.91% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 21.46% | +4.28% |
FBCG vs. BGRFX - Expense Ratio Comparison
FBCG has a 0.59% expense ratio, which is lower than BGRFX's 1.29% expense ratio.
Dividends
FBCG vs. BGRFX - Dividend Comparison
FBCG's dividend yield for the trailing twelve months is around 0.04%, less than BGRFX's 22.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | 22.65% | 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
FBCG and BGRFX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRFX has higher volatility (10.68%) compared to FBCG (6.68%). In terms of maximum drawdown, FBCG dropped -43.56% vs BGRFX's -56.10%.
FBCG currently has the higher Sharpe Ratio (1.19 vs -0.67), 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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