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FBGRX vs. VTES
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FBGRX vs. VTES

Last updated Jun 13, 2026

FBGRX (Fidelity Blue Chip Growth Fund) and VTES (Vanguard Short-Term Tax-Exempt Bond ETF) are both funds - FBGRX is a Large Cap Growth Equities fund managed by Fidelity, while VTES is a Municipal Bonds fund tracking the S&P 0-7 Year National AMT-Free Municipal Bond Index. Over the past 3 years, FBGRX returned 30.04%/yr vs 3.18%/yr for VTES. At a 0.08 correlation, their price movements are largely independent. FBGRX charges 0.79%/yr vs 0.07%/yr for VTES.

Performance

FBGRX vs. VTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Growth Fund (FBGRX) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES). 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 13.86% return, which is significantly higher than VTES's 0.67% return.

FBGRX

1D
2.59%
1M
0.29%
YTD
13.86%
6M
15.39%
1Y
36.93%
3Y*
30.04%
5Y*
15.33%
10Y*
21.66%

VTES

1D
-0.03%
1M
0.39%
YTD
0.67%
6M
0.96%
1Y
3.33%
3Y*
3.18%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGRX vs. VTES - Yearly Performance Comparison

2026 (YTD)202520242023
FBGRX
Fidelity Blue Chip Growth Fund		13.86%19.91%39.77%37.49%
VTES
Vanguard Short-Term Tax-Exempt Bond ETF		0.67%4.19%1.85%3.32%

Correlation

The correlation between FBGRX and VTES is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.12

Correlation (All Time)
Calculated using the full available price history since Mar 9, 2023

0.08

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

Vanguard Short-Term Tax-Exempt Bond ETF

Often compared with FBGRX:
FBGRX vs. FXAIXFBGRX vs. FSPGXFBGRX vs. QQQFBGRX vs. VOOFBGRX vs. FDGRXFBGRX vs. SPYFBGRX vs. FLCNX
Often compared with VTES:
VTES vs. VTEBVTES vs. SUBVTES vs. VSDMVTES vs. VGSHVTES vs. JMSTVTES vs. MUBVTES vs. VUSB

Return for Risk

FBGRX vs. VTES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBGRX
FBGRX Risk / Return Rank: 7474
Overall Rank
FBGRX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FBGRX Sortino Ratio Rank: 6767
Sortino Ratio Rank
FBGRX Omega Ratio Rank: 6767
Omega Ratio Rank
FBGRX Calmar Ratio Rank: 7979
Calmar Ratio Rank
FBGRX Martin Ratio Rank: 8282
Martin Ratio Rank
VTES
VTES Risk / Return Rank: 7575
Overall Rank
VTES Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
VTES Sortino Ratio Rank: 9292
Sortino Ratio Rank
VTES Omega Ratio Rank: 9494
Omega Ratio Rank
VTES Calmar Ratio Rank: 5252
Calmar Ratio Rank
VTES Martin Ratio Rank: 4646
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. VTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Growth Fund (FBGRX) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES). 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.

FBGRXVTESDifference
Sharpe ratioReturn per unit of total volatility
2.05
2.70

-0.65

Sortino ratioReturn per unit of downside risk
2.66
3.88

-1.22

Omega ratioGain probability vs. loss probability

1.35

1.62

-0.27

Calmar ratioReturn relative to maximum drawdown

2.95

2.28

+0.68

Martin ratioReturn relative to average drawdown

12.23

6.62

+5.61

FBGRX vs. VTES - Sharpe Ratio Comparison

The current FBGRX Sharpe Ratio is 2.05, which is comparable to the VTES Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of FBGRX and VTES, 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. VTES - Drawdown Comparison

The maximum FBGRX drawdown since its inception was -58.64%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for FBGRX and VTES.

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Drawdown Indicators

FBGRXVTESDifference

Max Drawdown

Largest peak-to-trough decline

-58.64%

-2.42%

-56.22%

Max Drawdown (1Y)

Largest decline over 1 year

-12.65%

-1.47%

-11.18%

Max Drawdown (3Y)

Largest decline over 3 years

-27.07%

-1.80%

-25.27%

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

-3.97%

-0.60%

-3.37%

Average Drawdown

Average peak-to-trough decline

-12.52%

-0.50%

-12.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

0.50%

+2.55%

Volatility

FBGRX vs. VTES - Volatility Comparison

Fidelity Blue Chip Growth Fund (FBGRX) has a higher volatility of 6.86% compared to Vanguard Short-Term Tax-Exempt Bond ETF (VTES) at 0.35%. This indicates that FBGRX's price experiences larger fluctuations and is considered to be riskier than VTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FBGRXVTESDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.86%

0.35%

+6.51%

Volatility (6M)

Calculated over the trailing 6-month period

14.15%

0.98%

+13.17%

Volatility (1Y)

Calculated over the trailing 1-year period

18.25%

1.24%

+17.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.99%

1.71%

+23.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.74%

1.71%

+22.03%

FBGRX vs. VTES - Expense Ratio Comparison

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

Dividends

FBGRX vs. VTES - Dividend Comparison

FBGRX's dividend yield for the trailing twelve months is around 1.67%, less than VTES's 2.75% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VTES
Vanguard Short-Term Tax-Exempt Bond ETF		2.75%2.77%2.99%2.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FBGRX and VTES have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FBGRX has higher volatility (6.86%) compared to VTES (0.35%). In terms of maximum drawdown, FBGRX dropped -58.64% vs VTES's -2.42%.

VTES currently has the higher Sharpe Ratio (2.70 vs 2.05), 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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