FBCG vs. FELC

Last updated Aug 4, 2026

FBCG (Fidelity Blue Chip Growth ETF) and FELC (Fidelity Enhanced Large Cap Core ETF) are both exchange-traded funds - FBCG is a Large Cap Growth Equities fund actively managed by Fidelity, while FELC is a Large Cap Blend Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, FBCG returned 24.47% vs 26.44% for FELC. Their correlation of 0.91 means they have usually moved in the same direction. FBCG charges 0.59%/yr vs 0.18%/yr for FELC.

Performance

FBCG vs. FELC - Performance Comparison

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

Returns By Period

In the year-to-date period, FBCG achieves a 11.42% return, which is significantly lower than FELC's 13.57% 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%

FELC

• 1D: 1.34%
• 1M: 3.11%
• 6M: 11.53%
• YTD: 13.57%
• 1Y: 26.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.44%

*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)
FBCG Fidelity Blue Chip Growth ETF	$37.99M	$34.97M	$38.44M
FELC Fidelity Enhanced Large Cap Core ETF	$30.45M	$28.57M	$35.52M

FBCG vs. FELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FBCG Fidelity Blue Chip Growth ETF	11.42%	18.60%	39.05%	6.31%
FELC Fidelity Enhanced Large Cap Core ETF	13.57%	17.09%	25.25%	6.06%

Correlation

The correlation between FBCG and FELC is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.91

The correlation between FBCG and FELC has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

FBCG vs. FELC - Sectors Allocation Comparison

Sectors	FBCG	FELC
Technology	52.1%	40.7%
Consumer Cyclical	16.1%	9.1%
Communication Services	15.2%	10.8%
Industrials	5.8%	10.1%
Healthcare	5.6%	8.5%
Financial Services	2.2%	12.6%
Consumer Defensive	1.3%	2.4%
Real Estate	0.6%	1.0%
Basic Materials	0.5%	0.6%
Utilities	0.4%	1.5%
Energy	0.3%	2.7%

Return for Risk

FBCG vs. FELC — Risk / Return Rank

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

FBCG

FBCG Risk / Return Rank: 46
FBCG Sharpe Ratio Rank: 47
FBCG Sortino Ratio Rank: 46
FBCG Omega Ratio Rank: 44
FBCG Calmar Ratio Rank: 44
FBCG Martin Ratio Rank: 48

FELC

FELC Risk / Return Rank: 84
FELC Sharpe Ratio Rank: 86
FELC Sortino Ratio Rank: 84
FELC Omega Ratio Rank: 84
FELC Calmar Ratio Rank: 80
FELC Martin Ratio Rank: 87

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.

FBCG vs. FELC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth ETF (FBCG) and Fidelity Enhanced Large Cap Core ETF (FELC). 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	FELC	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.06	-0.87
Sortino ratio: Return per unit of downside risk	1.71	2.81	-1.10
Omega ratio: Gain probability vs. loss probability	1.21	1.37	-0.16
Calmar ratio: Return relative to maximum drawdown	1.62	2.92	-1.30
Martin ratio: Return relative to average drawdown	5.52	12.69	-7.18

FBCG vs. FELC - Sharpe Ratio Comparison

The current FBCG Sharpe Ratio is 1.19, which is lower than the FELC Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FBCG and FELC, 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. FELC - Drawdown Comparison

The maximum FBCG drawdown since its inception was -43.56%, which is greater than FELC's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FBCG and FELC.

Drawdown Indicators

	FBCG	FELC	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-18.59%	-24.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-9.09%	-6.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.56%	—	—
Current Drawdown Current decline from peak	-4.62%	0.00%	-4.62%
Average Drawdown Average peak-to-trough decline	-11.31%	-1.89%	-9.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	2.09%	+2.36%

Volatility

FBCG vs. FELC - Volatility Comparison

Fidelity Blue Chip Growth ETF (FBCG) has a higher volatility of 6.68% compared to Fidelity Enhanced Large Cap Core ETF (FELC) at 3.81%. This indicates that FBCG's price experiences larger fluctuations and is considered to be riskier than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCG	FELC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	3.81%	+2.87%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	10.22%	+6.35%
Volatility (1Y) Calculated over the trailing 1-year period	20.68%	12.92%	+7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.11%	15.17%	+10.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	15.17%	+10.57%

FBCG vs. FELC - Expense Ratio Comparison

FBCG has a 0.59% expense ratio, which is higher than FELC's 0.18% expense ratio.

Dividends

FBCG vs. FELC - Dividend Comparison

FBCG's dividend yield for the trailing twelve months is around 0.04%, less than FELC's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FBCG Fidelity Blue Chip Growth ETF	0.04%	0.05%	0.12%	0.02%	0.00%	0.00%	0.01%
FELC Fidelity Enhanced Large Cap Core ETF	0.83%	0.92%	1.03%	0.04%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBCG and FELC in my portfolio?

With a correlation of 0.92, FBCG and FELC 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, FBCG or FELC?

FBCG has higher volatility (6.68%) compared to FELC (3.81%). In terms of maximum drawdown, FBCG dropped -43.56% vs FELC's -18.59%.

Which ETF is better, FBCG or FELC?

On 1-year performance, FELC leads with 26.44% vs 24.47% for FBCG. On fees, FELC is cheaper at 0.18% per year. On volatility, FELC has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBCG or FELC?

Over the 1-year period, FELC has performed better with a 26.44% return vs 24.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBCG or FELC?

FELC is cheaper with a 0.18% expense ratio, compared with 0.59% for FBCG.

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

FELC has the higher dividend yield at 0.83%, compared with 0.04% for FBCG.

What is the main difference between FBCG and FELC?

FBCG is categorized as Large Cap Growth Equities, while FELC is Large Cap Blend Equities. Their fees differ too: 0.59% for FBCG and 0.18% for FELC.

Which has better risk-adjusted returns?

FELC currently has the higher Sharpe Ratio (2.06 vs 1.19), 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.