FBGKX vs. SPY
Compare and contrast key facts about Fidelity Blue Chip Growth Fund Class K (FBGKX) and SPDR S&P 500 ETF (SPY).
FBGKX is managed by Fidelity. It was launched on May 9, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBGKX or SPY.
Correlation
The correlation between FBGKX and SPY is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBGKX vs. SPY - Performance Comparison
Key characteristics
FBGKX:
1.72
SPY:
2.21
FBGKX:
2.28
SPY:
2.93
FBGKX:
1.32
SPY:
1.41
FBGKX:
2.30
SPY:
3.26
FBGKX:
7.17
SPY:
14.40
FBGKX:
4.87%
SPY:
1.90%
FBGKX:
20.33%
SPY:
12.44%
FBGKX:
-48.63%
SPY:
-55.19%
FBGKX:
-2.23%
SPY:
-1.83%
Returns By Period
In the year-to-date period, FBGKX achieves a 34.94% return, which is significantly higher than SPY's 26.72% return. Over the past 10 years, FBGKX has outperformed SPY with an annualized return of 13.74%, while SPY has yielded a comparatively lower 13.04% annualized return.
FBGKX
34.94%
4.39%
8.11%
35.13%
16.87%
13.74%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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FBGKX vs. SPY - Expense Ratio Comparison
FBGKX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FBGKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund Class K (FBGKX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FBGKX vs. SPY - Dividend Comparison
FBGKX's dividend yield for the trailing twelve months is around 0.24%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBGKX Fidelity Blue Chip Growth Fund Class K | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.18% | 0.40% | 5.19% | 6.31% | 8.07% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FBGKX vs. SPY - Drawdown Comparison
The maximum FBGKX drawdown since its inception was -48.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FBGKX and SPY. For additional features, visit the drawdowns tool.
Volatility
FBGKX vs. SPY - Volatility Comparison
Fidelity Blue Chip Growth Fund Class K (FBGKX) has a higher volatility of 5.42% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that FBGKX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.