FBGRX vs. CNQ
FBGRX (Fidelity Blue Chip Growth Fund) is Large Cap Growth Equities fund managed by Fidelity, while CNQ (Canadian Natural Resources Limited) is a stock. Over the past 10 years, FBGRX returned 21.66%/yr vs 17.89%/yr for CNQ. At a 0.37 correlation, their price movements are largely independent.
Performance
FBGRX vs. CNQ - Performance Comparison
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Returns By Period
In the year-to-date period, FBGRX achieves a 13.86% return, which is significantly lower than CNQ's 35.04% return. Over the past 10 years, FBGRX has outperformed CNQ with an annualized return of 21.66%, while CNQ has yielded a comparatively lower 17.89% annualized return.
FBGRX
- 1D
- 2.59%
- 1M
- -0.87%
- YTD
- 13.86%
- 6M
- 15.39%
- 1Y
- 38.88%
- 3Y*
- 30.04%
- 5Y*
- 15.33%
- 10Y*
- 21.66%
CNQ
- 1D
- -0.31%
- 1M
- -4.77%
- YTD
- 35.04%
- 6M
- 38.56%
- 1Y
- 38.90%
- 3Y*
- 23.03%
- 5Y*
- 26.12%
- 10Y*
- 17.89%
FBGRX vs. CNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBGRX Fidelity Blue Chip Growth Fund | 13.86% | 19.91% | 39.77% | 55.61% | -38.45% | 22.64% | 62.20% | 33.43% | 1.02% | 36.01% |
CNQ Canadian Natural Resources Limited | 35.04% | 15.58% | -1.31% | 23.72% | 42.82% | 83.55% | -19.06% | 39.72% | -29.92% | 15.97% |
Correlation
The correlation between FBGRX and CNQ is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2000 | 0.37 |
The correlation between FBGRX and CNQ shifts across timeframes, from -0.14 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBGRX vs. CNQ — Risk / Return Rank
FBGRX
CNQ
FBGRX vs. CNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund (FBGRX) and Canadian Natural Resources Limited (CNQ). 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.
| FBGRX | CNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.09 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.23 | 6.92 | +5.31 |
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Drawdowns
FBGRX vs. CNQ - Drawdown Comparison
The maximum FBGRX drawdown since its inception was -58.64%, smaller than the maximum CNQ drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for FBGRX and CNQ.
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Drawdown Indicators
| FBGRX | CNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.64% | -80.75% | +22.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -14.16% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -35.85% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.08% | -35.85% | -7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -43.08% | -77.84% | +34.76% |
Current DrawdownCurrent decline from peak | -3.97% | -9.57% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -12.52% | -23.51% | +10.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 6.30% | -3.25% |
Volatility
FBGRX vs. CNQ - Volatility Comparison
The current volatility for Fidelity Blue Chip Growth Fund (FBGRX) is 6.86%, while Canadian Natural Resources Limited (CNQ) has a volatility of 8.56%. This indicates that FBGRX experiences smaller price fluctuations and is considered to be less risky than CNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBGRX | CNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 8.56% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 24.09% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 29.06% | -10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.99% | 32.86% | -7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 40.24% | -16.50% |
Dividends
FBGRX vs. CNQ - Dividend Comparison
FBGRX's dividend yield for the trailing twelve months is around 1.67%, less than CNQ's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNQ Canadian Natural Resources Limited | 2.89% | 5.01% | 5.02% | 4.17% | 6.31% | 3.78% | 5.26% | 3.49% | 4.56% | 3.08% | 2.94% | 4.21% |
FBGRX Fidelity Blue Chip Growth Fund | 1.67% | 1.90% | 5.95% | 0.93% | 0.57% | 8.73% | 6.40% | 3.70% | 6.32% | 4.23% | 4.05% | 5.30% |
Frequently Asked Questions
FBGRX and CNQ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNQ has higher volatility (8.56%) compared to FBGRX (6.86%). In terms of maximum drawdown, FBGRX dropped -58.64% vs CNQ's -80.75%.
FBGRX currently has the higher Sharpe Ratio (2.05 vs 1.51), 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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