FBCV vs. FBCVX

Last updated Aug 2, 2026

FBCV (Fidelity Blue Chip Value ETF) and FBCVX (Fidelity Blue Chip Value Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 5 years, FBCV returned 10.50%/yr vs 10.51%/yr for FBCVX. Their 0.95 correlation means they have historically moved very closely together. FBCV charges 0.57%/yr vs 0.63%/yr for FBCVX.

Performance

FBCV vs. FBCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Value ETF (FBCV) and Fidelity Blue Chip Value Fund (FBCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBCV achieves a 18.06% return, which is significantly lower than FBCVX's 21.62% return.

FBCV

• 1D: 0.73%
• 1M: 3.40%
• 6M: 13.64%
• YTD: 18.06%
• 1Y: 33.08%
• 3Y*: 15.74%
• 5Y*: 10.50%
• 10Y*: —
• ALL TIME*: 14.68%

FBCVX

• 1D: 1.06%
• 1M: 0.51%
• 6M: 17.30%
• YTD: 21.62%
• 1Y: 36.88%
• 3Y*: 13.31%
• 5Y*: 10.51%
• 10Y*: 9.68%
• ALL TIME*: 6.81%

*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)
FBCV Fidelity Blue Chip Value ETF	$595.39K	$468.65K	$409.72K
FBCVX Fidelity Blue Chip Value Fund	$0.00	$0.00	$0.00

FBCV vs. FBCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCV Fidelity Blue Chip Value ETF	18.06%	16.36%	10.26%	5.45%	-2.26%	26.18%	17.93%
FBCVX Fidelity Blue Chip Value Fund	21.62%	11.14%	4.91%	7.07%	1.54%	25.04%	15.02%

Correlation

The correlation between FBCV and FBCVX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.95

The correlation between FBCV and FBCVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

FBCV vs. FBCVX - Sectors Allocation Comparison

Sectors	FBCV	FBCVX
Financial Services	19.5%	15.5%
Technology	18.0%	19.2%
Healthcare	13.2%	12.8%
Consumer Cyclical	12.4%	8.9%
Industrials	12.0%	11.2%
Consumer Defensive	8.7%	6.7%
Energy	7.3%	6.0%
Communication Services	3.5%	9.0%
Basic Materials	2.9%	3.7%
Utilities	1.8%	2.9%
Real Estate	0.7%	4.2%

Return for Risk

FBCV vs. FBCVX — Risk / Return Rank

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

FBCV

FBCV Risk / Return Rank: 95
FBCV Sharpe Ratio Rank: 96
FBCV Sortino Ratio Rank: 96
FBCV Omega Ratio Rank: 95
FBCV Calmar Ratio Rank: 93
FBCV Martin Ratio Rank: 94

FBCVX

FBCVX Risk / Return Rank: 93
FBCVX Sharpe Ratio Rank: 96
FBCVX Sortino Ratio Rank: 93
FBCVX Omega Ratio Rank: 89
FBCVX Calmar Ratio Rank: 92
FBCVX Martin Ratio Rank: 95

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.

FBCV vs. FBCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) and Fidelity Blue Chip Value Fund (FBCVX). 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.

	FBCV	FBCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.99	2.62	+0.37
Sortino ratio: Return per unit of downside risk	4.33	3.67	+0.66
Omega ratio: Gain probability vs. loss probability	1.54	1.48	+0.07
Calmar ratio: Return relative to maximum drawdown	4.52	3.62	+0.90
Martin ratio: Return relative to average drawdown	18.92	15.49	+3.43

FBCV vs. FBCVX - Sharpe Ratio Comparison

The current FBCV Sharpe Ratio is 2.99, which is comparable to the FBCVX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of FBCV and FBCVX, 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

FBCV vs. FBCVX - Drawdown Comparison

The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum FBCVX drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for FBCV and FBCVX.

Drawdown Indicators

	FBCV	FBCVX	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-63.75%	+48.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-9.29%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.32%	-14.82%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-14.82%	-0.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.65%	—
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	-3.37%	-10.62%	+7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.18%	-0.50%

Volatility

FBCV vs. FBCVX - Volatility Comparison

Fidelity Blue Chip Value ETF (FBCV) and Fidelity Blue Chip Value Fund (FBCVX) have volatilities of 3.07% and 2.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCV	FBCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.99%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	10.10%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	12.83%	-2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	13.73%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	16.99%	-2.35%

FBCV vs. FBCVX - Expense Ratio Comparison

FBCV has a 0.57% expense ratio, which is lower than FBCVX's 0.63% expense ratio.

Dividends

FBCV vs. FBCVX - Dividend Comparison

FBCV's dividend yield for the trailing twelve months is around 2.43%, which matches FBCVX's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCV Fidelity Blue Chip Value ETF	2.43%	2.95%	1.75%	1.68%	2.01%	3.13%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
FBCVX Fidelity Blue Chip Value Fund	2.42%	2.94%	9.31%	3.64%	2.59%	1.26%	1.07%	1.75%	1.47%	1.11%	1.05%	1.82%

Frequently Asked Questions

Can I hold both FBCV and FBCVX in my portfolio?

FBCV and FBCVX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBCV or FBCVX?

FBCV has higher volatility (3.07%) compared to FBCVX (2.99%). In terms of maximum drawdown, FBCV dropped -15.55% vs FBCVX's -63.75%.

Which has better risk-adjusted returns?

FBCV currently has the higher Sharpe Ratio (2.99 vs 2.62), 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.