FBCVX vs. FMILX
FBCVX (Fidelity Blue Chip Value Fund) and FMILX (Fidelity New Millennium Fund) are both mutual funds - FBCVX is a Large Cap Value Equities fund managed by Fidelity, while FMILX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 10 years, FBCVX returned 9.68%/yr vs 14.67%/yr for FMILX. Their correlation of 0.87 means they have usually moved in the same direction. FBCVX charges 0.63%/yr vs 0.76%/yr for FMILX.
Performance
FBCVX vs. FMILX - Performance Comparison
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Returns By Period
In the year-to-date period, FBCVX achieves a 21.62% return, which is significantly higher than FMILX's 10.52% return. Over the past 10 years, FBCVX has underperformed FMILX with an annualized return of 9.68%, while FMILX has yielded a comparatively higher 14.67% annualized return.
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%
FMILX
- 1D
- 2.04%
- 1M
- -2.67%
- 6M
- 8.55%
- YTD
- 10.52%
- 1Y
- 15.20%
- 3Y*
- 19.14%
- 5Y*
- 15.32%
- 10Y*
- 14.67%
- ALL TIME*
- 13.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FBCVX vs. FMILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBCVX Fidelity Blue Chip Value Fund | 21.62% | 11.14% | 4.91% | 7.07% | 1.54% | 25.04% | -4.72% | 21.71% | -9.19% | 14.88% |
FMILX Fidelity New Millennium Fund | 10.52% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
Correlation
The correlation between FBCVX and FMILX is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003 | 0.87 |
The correlation between FBCVX and FMILX shifts across timeframes, from 0.59 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBCVX vs. FMILX — Risk / Return Rank
FBCVX
FMILX
FBCVX vs. FMILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value Fund (FBCVX) and Fidelity New Millennium Fund (FMILX). 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.
| FBCVX | FMILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.16 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 1.12 | +2.49 |
| Martin ratioReturn relative to average drawdown | 15.49 | 3.82 | +11.67 |
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Drawdowns
FBCVX vs. FMILX - Drawdown Comparison
The maximum FBCVX drawdown since its inception was -63.75%, which is greater than FMILX's maximum drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for FBCVX and FMILX.
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Drawdown Indicators
| FBCVX | FMILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -58.56% | -5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -11.86% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -20.48% | +5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -20.48% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.65% | -38.92% | -2.73% |
Current DrawdownCurrent decline from peak | -0.41% | -4.72% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -12.40% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 3.47% | -1.29% |
Volatility
FBCVX vs. FMILX - Volatility Comparison
The current volatility for Fidelity Blue Chip Value Fund (FBCVX) is 2.99%, while Fidelity New Millennium Fund (FMILX) has a volatility of 4.45%. This indicates that FBCVX experiences smaller price fluctuations and is considered to be less risky than FMILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBCVX | FMILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 4.45% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 12.24% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 15.91% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 17.05% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 18.01% | -1.02% |
FBCVX vs. FMILX - Expense Ratio Comparison
FBCVX has a 0.63% expense ratio, which is lower than FMILX's 0.76% expense ratio.
Dividends
FBCVX vs. FMILX - Dividend Comparison
FBCVX's dividend yield for the trailing twelve months is around 2.42%, while FMILX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FMILX Fidelity New Millennium Fund | 0.00% | 0.00% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 7.84% | 6.65% | 11.99% |
Frequently Asked Questions
FBCVX and FMILX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMILX has higher volatility (4.45%) compared to FBCVX (2.99%). In terms of maximum drawdown, FBCVX dropped -63.75% vs FMILX's -58.56%.
FBCVX currently has the higher Sharpe Ratio (2.62 vs 0.84), 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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