FBCG vs. FIWDX

Last updated Jun 4, 2026

FBCG (Fidelity Blue Chip Growth ETF) and FIWDX (Fidelity Advisor Strategic Income Fund Class Z) are both funds - FBCG is a Large Cap Growth Equities fund actively managed by Fidelity, while FIWDX is a Total Bond Market fund managed by Fidelity. Over the past 5 years, FBCG returned 15.84%/yr vs 3.33%/yr for FIWDX. At a 0.47 correlation, their price movements are largely independent. FBCG charges 0.59%/yr vs 0.61%/yr for FIWDX.

Performance

FBCG vs. FIWDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth ETF (FBCG) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBCG achieves a 15.59% return, which is significantly higher than FIWDX's 3.40% return.

FBCG

• 1D: -1.05%
• 1M: 7.84%
• YTD: 15.59%
• 6M: 15.51%
• 1Y: 39.38%
• 3Y*: 30.60%
• 5Y*: 15.84%
• 10Y*: —

FIWDX

• 1D: 0.16%
• 1M: 1.18%
• YTD: 3.40%
• 6M: 3.74%
• 1Y: 9.97%
• 3Y*: 8.16%
• 5Y*: 3.33%
• 10Y*: —

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

FBCG vs. FIWDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCG Fidelity Blue Chip Growth ETF	15.59%	18.60%	39.05%	57.98%	-39.10%	21.34%	42.99%
FIWDX Fidelity Advisor Strategic Income Fund Class Z	3.40%	8.98%	6.07%	9.20%	-11.76%	3.51%	8.70%

Correlation

The correlation between FBCG and FIWDX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.47

The correlation between FBCG and FIWDX shifts across timeframes, from 0.46 (5 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FBCG vs. FIWDX — Risk / Return Rank

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

FBCG

FBCG Risk / Return Rank: 57
FBCG Sharpe Ratio Rank: 62
FBCG Sortino Ratio Rank: 59
FBCG Omega Ratio Rank: 58
FBCG Calmar Ratio Rank: 52
FBCG Martin Ratio Rank: 57

FIWDX

FIWDX Risk / Return Rank: 89
FIWDX Sharpe Ratio Rank: 90
FIWDX Sortino Ratio Rank: 92
FIWDX Omega Ratio Rank: 89
FIWDX Calmar Ratio Rank: 85
FIWDX Martin Ratio Rank: 88

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. FIWDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth ETF (FBCG) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX). 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.

	FBCG	FIWDX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.96	-0.83
Sortino ratio: Return per unit of downside risk	2.84	4.57	-1.73
Omega ratio: Gain probability vs. loss probability	1.36	1.64	-0.27
Calmar ratio: Return relative to maximum drawdown	2.61	3.98	-1.37
Martin ratio: Return relative to average drawdown	10.14	17.17	-7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBCG vs. FIWDX - Sharpe Ratio Comparison

The current FBCG Sharpe Ratio is 2.14, which is comparable to the FIWDX Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of FBCG and FIWDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBCG	FIWDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.96	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.74	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.93	-0.10

Drawdowns

FBCG vs. FIWDX - Drawdown Comparison

The maximum FBCG drawdown since its inception was -43.56%, which is greater than FIWDX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FBCG and FIWDX.

Drawdown Indicators

	FBCG	FIWDX	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-15.96%	-27.60%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-2.61%	-12.56%
Max Drawdown (3Y) Largest decline over 3 years	-27.89%	-3.97%	-23.92%
Max Drawdown (5Y) Largest decline over 5 years	-43.56%	-15.96%	-27.60%
Current Drawdown Current decline from peak	-1.05%	0.00%	-1.05%
Average Drawdown Average peak-to-trough decline	-11.49%	-3.20%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	0.60%	+3.30%

Volatility

FBCG vs. FIWDX - Volatility Comparison

Fidelity Blue Chip Growth ETF (FBCG) has a higher volatility of 4.79% compared to Fidelity Advisor Strategic Income Fund Class Z (FIWDX) at 1.39%. This indicates that FBCG's price experiences larger fluctuations and is considered to be riskier than FIWDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCG	FIWDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	1.39%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	2.93%	+10.96%
Volatility (1Y) Calculated over the trailing 1-year period	18.55%	3.51%	+15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.79%	4.54%	+21.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.72%	4.88%	+20.84%

FBCG vs. FIWDX - Expense Ratio Comparison

FBCG has a 0.59% expense ratio, which is lower than FIWDX's 0.61% expense ratio.

Dividends

FBCG vs. FIWDX - Dividend Comparison

FBCG's dividend yield for the trailing twelve months is around 0.04%, less than FIWDX's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FBCG Fidelity Blue Chip Growth ETF	0.04%	0.05%	0.12%	0.02%	0.00%	0.00%	0.01%	0.00%	0.00%
FIWDX Fidelity Advisor Strategic Income Fund Class Z	4.34%	4.39%	4.21%	4.02%	2.99%	4.28%	4.62%	4.39%	1.13%

Frequently Asked Questions

Can I hold both FBCG and FIWDX in my portfolio?

FBCG and FIWDX have a correlation of 0.61, 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 FIWDX?

FBCG has higher volatility (4.79%) compared to FIWDX (1.39%). In terms of maximum drawdown, FBCG dropped -43.56% vs FIWDX's -15.96%.

Which has better risk-adjusted returns?

FIWDX currently has the higher Sharpe Ratio (2.96 vs 2.14), 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.