FBGRX vs. FGNSX

Last updated Jun 23, 2026

FBGRX (Fidelity Blue Chip Growth Fund) and FGNSX (Strategic Advisers Tax-Sensitive Short Duration Fund) are both mutual funds - FBGRX is a Large Cap Growth Equities fund managed by Fidelity, while FGNSX is a Municipal Bonds fund managed by Fidelity. Over the past 5 years, FBGRX returned 16.32%/yr vs 2.09%/yr for FGNSX. At a 0.02 correlation, their price movements are largely independent. FBGRX charges 0.79%/yr vs 0.07%/yr for FGNSX.

Performance

FBGRX vs. FGNSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth Fund (FBGRX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBGRX achieves a 19.05% return, which is significantly higher than FGNSX's 0.77% 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%

FGNSX

• 1D: 0.00%
• 1M: 0.45%
• YTD: 0.77%
• 6M: 1.05%
• 1Y: 2.58%
• 3Y*: 3.21%
• 5Y*: 2.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGRX vs. FGNSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBGRX Fidelity Blue Chip Growth Fund	19.05%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	-0.52%
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund	0.77%	3.08%	3.47%	3.56%	-0.36%	0.14%	1.04%	2.11%	1.47%	-0.10%

Correlation

The correlation between FBGRX and FGNSX is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017	0.02

Return for Risk

FBGRX vs. FGNSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBGRX

FBGRX Risk / Return Rank: 73
FBGRX Sharpe Ratio Rank: 76
FBGRX Sortino Ratio Rank: 63
FBGRX Omega Ratio Rank: 63
FBGRX Calmar Ratio Rank: 80
FBGRX Martin Ratio Rank: 83

FGNSX

FGNSX Risk / Return Rank: 97
FGNSX Sharpe Ratio Rank: 94
FGNSX Sortino Ratio Rank: 98
FGNSX Omega Ratio Rank: 99
FGNSX Calmar Ratio Rank: 97
FGNSX Martin Ratio Rank: 98

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. FGNSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund (FBGRX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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	FGNSX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.99	-0.65
Sortino ratio: Return per unit of downside risk	3.03	7.45	-4.42
Omega ratio: Gain probability vs. loss probability	1.40	2.83	-1.43
Calmar ratio: Return relative to maximum drawdown	3.46	6.15	-2.68
Martin ratio: Return relative to average drawdown	14.31	27.67	-13.35

FBGRX vs. FGNSX - Sharpe Ratio Comparison

The current FBGRX Sharpe Ratio is 2.34, which is comparable to the FGNSX Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of FBGRX and FGNSX, 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

FBGRX vs. FGNSX - Drawdown Comparison

The maximum FBGRX drawdown since its inception was -58.64%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for FBGRX and FGNSX.

Drawdown Indicators

	FBGRX	FGNSX	Difference
Max Drawdown Largest peak-to-trough decline	-58.64%	-2.35%	-56.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.65%	-0.50%	-12.15%
Max Drawdown (3Y) Largest decline over 3 years	-27.07%	-2.35%	-24.72%
Max Drawdown (5Y) Largest decline over 5 years	-43.08%	-2.35%	-40.73%
Max Drawdown (10Y) Largest decline over 10 years	-43.08%	—	—
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-12.52%	-0.25%	-12.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	0.11%	+2.95%

Volatility

FBGRX vs. FGNSX - Volatility Comparison

Fidelity Blue Chip Growth Fund (FBGRX) has a higher volatility of 7.86% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.28%. This indicates that FBGRX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBGRX	FGNSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	0.28%	+7.58%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	0.65%	+14.07%
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	1.02%	+17.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.07%	2.06%	+23.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	1.65%	+22.13%

FBGRX vs. FGNSX - Expense Ratio Comparison

FBGRX has a 0.79% expense ratio, which is higher than FGNSX's 0.07% expense ratio.

Dividends

FBGRX vs. FGNSX - Dividend Comparison

FBGRX's dividend yield for the trailing twelve months is around 1.60%, less than FGNSX's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund	2.34%	2.63%	3.31%	2.57%	0.84%	0.34%	0.83%	1.79%	1.36%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBGRX and FGNSX in my portfolio?

FBGRX and FGNSX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBGRX or FGNSX?

FBGRX has higher volatility (7.86%) compared to FGNSX (0.28%). In terms of maximum drawdown, FBGRX dropped -58.64% vs FGNSX's -2.35%.

Which has better risk-adjusted returns?

FGNSX currently has the higher Sharpe Ratio (2.99 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.