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FBGRX vs. FAPGX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FBGRX vs. FAPGX

Last updated Jun 23, 2026

FBGRX (Fidelity Blue Chip Growth Fund) and FAPGX (Fidelity Sustainable Low Duration Bond) are both mutual funds - FBGRX is a Large Cap Growth Equities fund managed by Fidelity, while FAPGX is a Ultrashort Bond fund managed by Fidelity. Over the past 3 years, FBGRX returned 31.24%/yr vs 4.87%/yr for FAPGX. At a 0.01 correlation, their price movements are largely independent. FBGRX charges 0.79%/yr vs 0.25%/yr for FAPGX.

Performance

FBGRX vs. FAPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth Fund (FBGRX) and Fidelity Sustainable Low Duration Bond (FAPGX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FBGRX achieves a 19.05% return, which is significantly higher than FAPGX's 1.39% return.

FBGRX

1D
2.03%
1M
4.78%
YTD
19.05%
6M
18.64%
1Y
44.33%
3Y*
31.24%
5Y*
16.32%
10Y*
22.23%

FAPGX

1D
0.00%
1M
0.26%
YTD
1.39%
6M
1.70%
1Y
4.01%
3Y*
4.87%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGRX vs. FAPGX - Yearly Performance Comparison

2026 (YTD)2025202420232022
FBGRX
Fidelity Blue Chip Growth Fund		19.05%19.91%39.77%55.61%-24.58%
FAPGX
Fidelity Sustainable Low Duration Bond		1.39%4.57%5.32%5.28%0.57%

Correlation

The correlation between FBGRX and FAPGX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (All Time)
Calculated using the full available price history since Apr 13, 2022

0.01

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Blue Chip Growth Fund

Fidelity Sustainable Low Duration Bond

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FBGRX vs. FXAIXFBGRX vs. FSPGXFBGRX vs. VOOFBGRX vs. QQQFBGRX vs. FDGRXFBGRX vs. SPYFBGRX vs. FLCNX
Often compared with FAPGX:
FAPGX vs. FMUNFAPGX vs. FSHBXFAPGX vs. FDLOFAPGX vs. FHIFXFAPGX vs. FXNAXFAPGX vs. FCNVXFAPGX vs. TFLO

Return for Risk

FBGRX vs. FAPGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBGRX
FBGRX Risk / Return Rank: 7373
Overall Rank
FBGRX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FBGRX Sortino Ratio Rank: 6363
Sortino Ratio Rank
FBGRX Omega Ratio Rank: 6363
Omega Ratio Rank
FBGRX Calmar Ratio Rank: 8080
Calmar Ratio Rank
FBGRX Martin Ratio Rank: 8383
Martin Ratio Rank
FAPGX
FAPGX Risk / Return Rank: 9999
Overall Rank
FAPGX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
FAPGX Sortino Ratio Rank: 9999
Sortino Ratio Rank
FAPGX Omega Ratio Rank: 9999
Omega Ratio Rank
FAPGX Calmar Ratio Rank: 9999
Calmar Ratio Rank
FAPGX Martin Ratio Rank: 9999
Martin Ratio Rank
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.

FBGRX vs. FAPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund (FBGRX) and Fidelity Sustainable Low Duration Bond (FAPGX). 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.

FBGRXFAPGXDifference
Sharpe ratioReturn per unit of total volatility
2.34
3.58

-1.24

Sortino ratioReturn per unit of downside risk
3.03
9.22

-6.19

Omega ratioGain probability vs. loss probability

1.40

3.07

-1.67

Calmar ratioReturn relative to maximum drawdown

3.46

13.70

-10.24

Martin ratioReturn relative to average drawdown

14.31

62.35

-48.04

FBGRX vs. FAPGX - Sharpe Ratio Comparison

The current FBGRX Sharpe Ratio is 2.34, which is lower than the FAPGX Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of FBGRX and FAPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FBGRX vs. FAPGX - Drawdown Comparison

The maximum FBGRX drawdown since its inception was -58.64%, which is greater than FAPGX's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for FBGRX and FAPGX.

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Drawdown Indicators

FBGRXFAPGXDifference

Max Drawdown

Largest peak-to-trough decline

-58.64%

-0.49%

-58.15%

Max Drawdown (1Y)

Largest decline over 1 year

-12.65%

-0.29%

-12.36%

Max Drawdown (3Y)

Largest decline over 3 years

-27.07%

-0.39%

-26.68%

Max Drawdown (5Y)

Largest decline over 5 years

-43.08%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.08%

—

—

Current Drawdown

Current decline from peak

-0.34%

-0.10%

-0.24%

Average Drawdown

Average peak-to-trough decline

-12.52%

-0.06%

-12.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

0.06%

+3.00%

Volatility

FBGRX vs. FAPGX - Volatility Comparison

Fidelity Blue Chip Growth Fund (FBGRX) has a higher volatility of 7.86% compared to Fidelity Sustainable Low Duration Bond (FAPGX) at 0.29%. This indicates that FBGRX's price experiences larger fluctuations and is considered to be riskier than FAPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FBGRXFAPGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.86%

0.29%

+7.57%

Volatility (6M)

Calculated over the trailing 6-month period

14.72%

0.84%

+13.88%

Volatility (1Y)

Calculated over the trailing 1-year period

18.71%

1.12%

+17.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.07%

1.07%

+24.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.78%

1.07%

+22.71%

FBGRX vs. FAPGX - Expense Ratio Comparison

FBGRX has a 0.79% expense ratio, which is higher than FAPGX's 0.25% expense ratio.

Dividends

FBGRX vs. FAPGX - Dividend Comparison

FBGRX's dividend yield for the trailing twelve months is around 1.60%, less than FAPGX's 4.63% yield.

PositionTTM20252024202320222021202020192018201720162015
FAPGX
Fidelity Sustainable Low Duration Bond		4.63%4.40%4.81%3.44%0.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FBGRX
Fidelity Blue Chip Growth Fund		1.60%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 FAPGX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FBGRX has higher volatility (7.86%) compared to FAPGX (0.29%). In terms of maximum drawdown, FBGRX dropped -58.64% vs FAPGX's -0.49%.

FAPGX currently has the higher Sharpe Ratio (3.58 vs 2.34), 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.

Portfolio Optimizer

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