FEAC vs. FBCG

Last updated Jun 24, 2026

FEAC (Fidelity Enhanced U.S. All-Cap Equity ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - FEAC is a Large Cap Blend Equities fund actively managed by Fidelity, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, FEAC returned 26.41% vs 31.50% for FBCG. Their correlation of 0.90 suggests significant overlap in exposure. FEAC charges 0.18%/yr vs 0.59%/yr for FBCG.

Performance

FEAC vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and Fidelity Blue Chip Growth ETF (FBCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FEAC having a 9.92% return and FBCG slightly higher at 10.08%.

FEAC

• 1D: -1.46%
• 1M: -0.04%
• YTD: 9.92%
• 6M: 8.83%
• 1Y: 26.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBCG

• 1D: -2.80%
• 1M: -1.48%
• YTD: 10.08%
• 6M: 9.15%
• 1Y: 31.50%
• 3Y*: 27.58%
• 5Y*: 13.39%
• 10Y*: —

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

FEAC vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	9.92%	18.01%	-1.87%
FBCG Fidelity Blue Chip Growth ETF	10.08%	18.60%	2.15%

Correlation

The correlation between FEAC and FBCG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.90

The correlation between FEAC and FBCG has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

FEAC vs. FBCG — Risk / Return Rank

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

FEAC

FEAC Risk / Return Rank: 68
FEAC Sharpe Ratio Rank: 66
FEAC Sortino Ratio Rank: 63
FEAC Omega Ratio Rank: 64
FEAC Calmar Ratio Rank: 69
FEAC Martin Ratio Rank: 77

FBCG

FBCG Risk / Return Rank: 46
FBCG Sharpe Ratio Rank: 47
FBCG Sortino Ratio Rank: 45
FBCG Omega Ratio Rank: 45
FBCG Calmar Ratio Rank: 43
FBCG Martin Ratio Rank: 48

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.

FEAC vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and Fidelity Blue Chip Growth ETF (FBCG). 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.

	FEAC	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.59	+0.40
Sortino ratio: Return per unit of downside risk	2.70	2.17	+0.53
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.26	2.09	+1.17
Martin ratio: Return relative to average drawdown	13.64	7.85	+5.79

FEAC vs. FBCG - Sharpe Ratio Comparison

The current FEAC Sharpe Ratio is 2.00, which is comparable to the FBCG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FEAC and FBCG, 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

FEAC vs. FBCG - Drawdown Comparison

The maximum FEAC drawdown since its inception was -18.96%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FEAC and FBCG.

Drawdown Indicators

	FEAC	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-43.56%	+24.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-15.17%	+7.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.56%	—
Current Drawdown Current decline from peak	-2.75%	-5.76%	+3.01%
Average Drawdown Average peak-to-trough decline	-2.54%	-11.42%	+8.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	4.02%	-2.08%

Volatility

FEAC vs. FBCG - Volatility Comparison

The current volatility for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is 5.35%, while Fidelity Blue Chip Growth ETF (FBCG) has a volatility of 8.27%. This indicates that FEAC experiences smaller price fluctuations and is considered to be less risky than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAC	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	8.27%	-2.92%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	15.50%	-5.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	19.84%	-6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	26.00%	-8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	25.80%	-8.16%

FEAC vs. FBCG - Expense Ratio Comparison

FEAC has a 0.18% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

FEAC vs. FBCG - Dividend Comparison

FEAC's dividend yield for the trailing twelve months is around 0.79%, more than FBCG's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FBCG Fidelity Blue Chip Growth ETF	0.04%	0.05%	0.12%	0.02%	0.00%	0.00%	0.01%
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	0.79%	0.94%	0.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEAC and FBCG in my portfolio?

FEAC and FBCG have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEAC or FBCG?

FBCG has higher volatility (8.27%) compared to FEAC (5.35%). In terms of maximum drawdown, FEAC dropped -18.96% vs FBCG's -43.56%.

Which ETF is better, FEAC or FBCG?

On 1-year performance, FBCG leads with 31.50% vs 26.41% for FEAC. On fees, FEAC is cheaper at 0.18% per year. On volatility, FEAC has been the lower-risk option at 5.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAC or FBCG?

Over the 1-year period, FBCG has performed better with a 31.50% return vs 26.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAC or FBCG?

FEAC is cheaper with a 0.18% expense ratio, compared with 0.59% for FBCG.

Which ETF pays a higher dividend yield, FEAC or FBCG?

FEAC has the higher dividend yield at 0.79%, compared with 0.04% for FBCG.

What is the main difference between FEAC and FBCG?

FEAC is categorized as Large Cap Blend Equities, while FBCG is Large Cap Growth Equities. Their fees differ too: 0.18% for FEAC and 0.59% for FBCG.

Which has better risk-adjusted returns?

FEAC currently has the higher Sharpe Ratio (2.00 vs 1.59), 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.