FELG vs. FBCG

Last updated Jun 4, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both Large Cap Growth Equities funds from Fidelity. Both are actively managed. Over the past year, FELG returned 27.58% vs 39.38% for FBCG. With a 0.96 correlation, they move nearly in lockstep. FELG charges 0.18%/yr vs 0.59%/yr for FBCG.

Performance

FELG vs. FBCG - Performance Comparison

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

Returns By Period

In the year-to-date period, FELG achieves a 7.70% return, which is significantly lower than FBCG's 15.59% return.

FELG

• 1D: -1.12%
• 1M: 5.85%
• YTD: 7.70%
• 6M: 7.23%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBCG

• 1D: -1.05%
• 1M: 7.84%
• YTD: 15.59%
• 6M: 15.51%
• 1Y: 39.38%
• 3Y*: 30.60%
• 5Y*: 15.84%
• 10Y*: —

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

FELG vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	7.70%	18.44%	35.45%	4.20%
FBCG Fidelity Blue Chip Growth ETF	15.59%	18.60%	39.05%	4.84%

Correlation

The correlation between FELG and FBCG is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.96

The correlation between FELG and FBCG has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

FELG vs. FBCG - Sectors Allocation Comparison

Sectors	FELG	FBCG
Technology	53.9%	48.3%
Communication Services	13.8%	16.6%
Consumer Cyclical	11.5%	17.2%
Industrials	7.2%	5.7%
Healthcare	6.3%	6.7%
Financial Services	4.7%	2.2%
Energy	1.1%	0.4%
Consumer Defensive	1.0%	1.3%
Basic Materials	0.5%	0.6%
Utilities	0.1%	0.5%
Real Estate	0.0%	0.7%

Return for Risk

FELG vs. FBCG — Risk / Return Rank

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

FELG

FELG Risk / Return Rank: 44
FELG Sharpe Ratio Rank: 51
FELG Sortino Ratio Rank: 49
FELG Omega Ratio Rank: 49
FELG Calmar Ratio Rank: 34
FELG Martin Ratio Rank: 37

FBCG

FBCG Risk / Return Rank: 57
FBCG Sharpe Ratio Rank: 62
FBCG Sortino Ratio Rank: 59
FBCG Omega Ratio Rank: 58
FBCG Calmar Ratio Rank: 52
FBCG Martin Ratio Rank: 57

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.

FELG vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) 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.

	FELG	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.14	-0.34
Sortino ratio: Return per unit of downside risk	2.45	2.84	-0.39
Omega ratio: Gain probability vs. loss probability	1.31	1.36	-0.05
Calmar ratio: Return relative to maximum drawdown	1.71	2.61	-0.90
Martin ratio: Return relative to average drawdown	5.86	10.14	-4.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELG vs. FBCG - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 1.79, which is comparable to the FBCG Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FELG 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.

Sharpe Ratios by Period

	FELG	FBCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.14	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.83	+0.49

Drawdowns

FELG vs. FBCG - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FELG and FBCG.

Drawdown Indicators

	FELG	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-43.56%	+19.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-15.17%	-1.00%
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	-1.34%	-1.05%	-0.29%
Average Drawdown Average peak-to-trough decline	-3.52%	-11.49%	+7.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	3.90%	+0.82%

Volatility

FELG vs. FBCG - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Growth ETF (FELG) is 3.50%, while Fidelity Blue Chip Growth ETF (FBCG) has a volatility of 4.79%. This indicates that FELG 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

	FELG	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	4.79%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	13.89%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	18.55%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	25.79%	-5.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	25.72%	-5.83%

FELG vs. FBCG - Expense Ratio Comparison

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

Dividends

FELG vs. FBCG - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.34%, 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%
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FELG and FBCG in my portfolio?

With a correlation of 0.95, FELG and FBCG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FELG or FBCG?

FBCG has higher volatility (4.79%) compared to FELG (3.50%). In terms of maximum drawdown, FELG dropped -23.89% vs FBCG's -43.56%.

Which ETF is better, FELG or FBCG?

On 1-year performance, FBCG leads with 39.38% vs 27.58% for FELG. On fees, FELG is cheaper at 0.18% per year. On volatility, FELG has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELG or FBCG?

Over the 1-year period, FBCG has performed better with a 39.38% return vs 27.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELG or FBCG?

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

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

FELG has the higher dividend yield at 0.34%, compared with 0.04% for FBCG.

What is the main difference between FELG and FBCG?

Their fees differ too: 0.18% for FELG and 0.59% for FBCG.

Which has better risk-adjusted returns?

FBCG currently has the higher Sharpe Ratio (2.14 vs 1.79), 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.