FENI vs. FBCG

Last updated Jun 24, 2026

FENI (Fidelity Enhanced International ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - FENI is a Foreign Large Cap 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, FENI returned 26.92% vs 31.50% for FBCG. A 0.61 correlation means they provide meaningful diversification when combined. FENI charges 0.28%/yr vs 0.59%/yr for FBCG.

Performance

FENI vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced International ETF (FENI) 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 stocks are quite close, with FENI having a 10.12% return and FBCG slightly lower at 10.08%.

FENI

• 1D: -2.12%
• 1M: 0.07%
• YTD: 10.12%
• 6M: 9.52%
• 1Y: 26.92%
• 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)

FENI vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FENI Fidelity Enhanced International ETF	10.12%	37.27%	6.95%	5.75%
FBCG Fidelity Blue Chip Growth ETF	10.08%	18.60%	39.05%	6.31%

Correlation

The correlation between FENI and FBCG is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.61

The correlation between FENI and FBCG has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

FENI vs. FBCG - Sectors Allocation Comparison

Sectors	FENI	FBCG
Financial Services	24.2%	2.2%
Industrials	22.4%	5.6%
Technology	13.5%	48.9%
Healthcare	8.3%	5.6%
Consumer Cyclical	7.4%	17.2%
Consumer Defensive	6.4%	1.3%
Basic Materials	4.5%	0.5%
Energy	4.5%	0.4%
Utilities	3.8%	0.5%
Communication Services	3.7%	17.1%
Real Estate	1.4%	0.6%

Return for Risk

FENI vs. FBCG — Risk / Return Rank

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

FENI

FENI Risk / Return Rank: 51
FENI Sharpe Ratio Rank: 50
FENI Sortino Ratio Rank: 50
FENI Omega Ratio Rank: 50
FENI Calmar Ratio Rank: 49
FENI Martin Ratio Rank: 53

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.

FENI vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced International ETF (FENI) 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.

	FENI	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.59	+0.08
Sortino ratio: Return per unit of downside risk	2.37	2.17	+0.20
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.02
Calmar ratio: Return relative to maximum drawdown	2.35	2.09	+0.27
Martin ratio: Return relative to average drawdown	8.91	7.85	+1.05

FENI vs. FBCG - Sharpe Ratio Comparison

The current FENI Sharpe Ratio is 1.67, which is comparable to the FBCG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FENI 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

FENI vs. FBCG - Drawdown Comparison

The maximum FENI drawdown since its inception was -14.20%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FENI and FBCG.

Drawdown Indicators

	FENI	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-14.20%	-43.56%	+29.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-15.17%	+3.68%
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	-2.12%	-5.76%	+3.64%
Average Drawdown Average peak-to-trough decline	-2.27%	-11.42%	+9.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	4.02%	-0.99%

Volatility

FENI vs. FBCG - Volatility Comparison

The current volatility for Fidelity Enhanced International ETF (FENI) is 5.65%, while Fidelity Blue Chip Growth ETF (FBCG) has a volatility of 8.27%. This indicates that FENI 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

	FENI	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	8.27%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	15.50%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	19.84%	-3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	26.00%	-10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	25.80%	-10.01%

FENI vs. FBCG - Expense Ratio Comparison

FENI has a 0.28% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

FENI vs. FBCG - Dividend Comparison

FENI's dividend yield for the trailing twelve months is around 2.97%, 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%
FENI Fidelity Enhanced International ETF	2.97%	2.99%	3.02%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FENI and FBCG in my portfolio?

FENI and FBCG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FENI or FBCG?

FBCG has higher volatility (8.27%) compared to FENI (5.65%). In terms of maximum drawdown, FENI dropped -14.20% vs FBCG's -43.56%.

Which ETF is better, FENI or FBCG?

On 1-year performance, FBCG leads with 31.50% vs 26.92% for FENI. On fees, FENI is cheaper at 0.28% per year. On volatility, FENI has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FENI or FBCG?

Over the 1-year period, FBCG has performed better with a 31.50% return vs 26.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FENI or FBCG?

FENI is cheaper with a 0.28% expense ratio, compared with 0.59% for FBCG.

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

FENI has the higher dividend yield at 2.97%, compared with 0.04% for FBCG.

What is the main difference between FENI and FBCG?

FENI is categorized as Foreign Large Cap Equities, while FBCG is Large Cap Growth Equities. Their fees differ too: 0.28% for FENI and 0.59% for FBCG.

Which has better risk-adjusted returns?

FENI currently has the higher Sharpe Ratio (1.67 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.