FBCG vs. FIDGX

Last updated Aug 4, 2026

FBCG (Fidelity Blue Chip Growth ETF) and FIDGX (Fidelity Advisor Small Cap Growth Fund Class Z) are both funds - FBCG is a Large Cap Growth Equities fund actively managed by Fidelity, while FIDGX is a Small Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FBCG returned 13.15%/yr vs 7.86%/yr for FIDGX. Their correlation of 0.81 means they have usually moved in the same direction. FBCG charges 0.59%/yr vs 0.90%/yr for FIDGX.

Performance

FBCG vs. FIDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth ETF (FBCG) and Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX). 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 FIDGX's 20.06% 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%

FIDGX

• 1D: -0.75%
• 1M: -3.80%
• 6M: 14.28%
• YTD: 20.06%
• 1Y: 35.70%
• 3Y*: 18.74%
• 5Y*: 7.86%
• 10Y*: —
• ALL TIME*: 14.01%

*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
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	$0.00	$0.00	$0.00

FBCG vs. FIDGX - 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%
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	20.06%	11.29%	20.67%	19.17%	-25.25%	10.63%	39.57%

Correlation

The correlation between FBCG and FIDGX is 0.74, 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.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.81

The correlation between FBCG and FIDGX has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

FBCG vs. FIDGX - Sectors Allocation Comparison

Sectors	FBCG	FIDGX
Technology	52.1%	23.1%
Consumer Cyclical	16.1%	8.1%
Communication Services	15.2%	0.6%
Industrials	5.8%	25.4%
Healthcare	5.6%	27.0%
Financial Services	2.2%	6.3%
Consumer Defensive	1.3%	2.6%
Real Estate	0.6%	0.8%
Basic Materials	0.5%	3.1%
Utilities	0.4%	0.4%
Energy	0.3%	2.5%

Return for Risk

FBCG vs. FIDGX — 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

FIDGX

FIDGX Risk / Return Rank: 58
FIDGX Sharpe Ratio Rank: 51
FIDGX Sortino Ratio Rank: 49
FIDGX Omega Ratio Rank: 43
FIDGX Calmar Ratio Rank: 75
FIDGX Martin Ratio Rank: 73

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. FIDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth ETF (FBCG) and Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX). 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	FIDGX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.47	-0.28
Sortino ratio: Return per unit of downside risk	1.71	2.08	-0.37
Omega ratio: Gain probability vs. loss probability	1.21	1.25	-0.04
Calmar ratio: Return relative to maximum drawdown	1.62	2.55	-0.92
Martin ratio: Return relative to average drawdown	5.52	9.49	-3.97

FBCG vs. FIDGX - Sharpe Ratio Comparison

The current FBCG Sharpe Ratio is 1.19, which is comparable to the FIDGX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FBCG and FIDGX, 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. FIDGX - Drawdown Comparison

The maximum FBCG drawdown since its inception was -43.56%, which is greater than FIDGX's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for FBCG and FIDGX.

Drawdown Indicators

	FBCG	FIDGX	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-38.99%	-4.57%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-13.09%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.89%	-28.68%	+0.79%
Max Drawdown (5Y) Largest decline over 5 years	-43.56%	-38.99%	-4.57%
Current Drawdown Current decline from peak	-4.62%	-5.95%	+1.33%
Average Drawdown Average peak-to-trough decline	-11.31%	-10.64%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	3.51%	+0.94%

Volatility

FBCG vs. FIDGX - Volatility Comparison

Fidelity Blue Chip Growth ETF (FBCG) has a higher volatility of 6.68% compared to Fidelity Advisor Small Cap Growth Fund Class Z (FIDGX) at 5.96%. This indicates that FBCG's price experiences larger fluctuations and is considered to be riskier than FIDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCG	FIDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	5.96%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	17.97%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	20.68%	22.73%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.11%	23.71%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	23.35%	+2.39%

FBCG vs. FIDGX - Expense Ratio Comparison

FBCG has a 0.59% expense ratio, which is lower than FIDGX's 0.90% expense ratio.

Dividends

FBCG vs. FIDGX - Dividend Comparison

FBCG's dividend yield for the trailing twelve months is around 0.04%, less than FIDGX's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FIDGX Fidelity Advisor Small Cap Growth Fund Class Z	5.25%	6.31%	1.49%	0.00%	0.00%	19.26%	8.17%	5.27%	14.38%	6.92%

Frequently Asked Questions

Can I hold both FBCG and FIDGX in my portfolio?

FBCG and FIDGX have a correlation of 0.74, 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 FIDGX?

FBCG has higher volatility (6.68%) compared to FIDGX (5.96%). In terms of maximum drawdown, FBCG dropped -43.56% vs FIDGX's -38.99%.

Which has better risk-adjusted returns?

FIDGX currently has the higher Sharpe Ratio (1.47 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.