FREL vs. FBCG
FREL (Fidelity MSCI Real Estate Index ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - FREL is a REIT fund tracking the MSCI USA IMI Real Estate Index, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. FREL is passively managed, while FBCG is actively managed. Over the past 5 years, FREL returned 2.27%/yr vs 13.51%/yr for FBCG. Their 0.41 correlation means their historical movements had little consistent relationship. FREL charges 0.08%/yr vs 0.59%/yr for FBCG.
Performance
FREL vs. FBCG - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FREL having a 13.87% return and FBCG slightly higher at 14.26%.
FREL
- 1D
- -0.03%
- 1M
- 1.59%
- 6M
- 10.74%
- YTD
- 13.87%
- 1Y
- 13.65%
- 3Y*
- 10.27%
- 5Y*
- 2.27%
- 10Y*
- 5.51%
- ALL TIME*
- 5.65%
FBCG
- 1D
- 0.11%
- 1M
- 1.41%
- 6M
- 18.09%
- YTD
- 14.26%
- 1Y
- 25.55%
- 3Y*
- 27.47%
- 5Y*
- 13.51%
- 10Y*
- —
- ALL TIME*
- 20.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.40M | $37.55M | $38.88M | |
| $6.68M | $7.24M | $7.19M |
FREL vs. FBCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FREL Fidelity MSCI Real Estate Index ETF | 13.87% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | 6.53% |
FBCG Fidelity Blue Chip Growth ETF | 14.26% | 18.60% | 39.05% | 57.98% | -39.10% | 21.34% | 41.44% |
Correlation
The correlation between FREL and FBCG is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.41 |
Over the past year, the correlation between FREL and FBCG has dropped to 0.02 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FREL vs. FBCG — Risk / Return Rank
FREL
FBCG
FREL vs. FBCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Real Estate Index ETF (FREL) 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.
| FREL | FBCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.69 | -0.07 |
| Martin ratioReturn relative to average drawdown | 5.24 | 5.75 | -0.52 |
Loading charts...
Drawdowns
FREL vs. FBCG - Drawdown Comparison
The maximum FREL drawdown since its inception was -42.61%, roughly equal to the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FREL and FBCG.
Loading charts...
Drawdown Indicators
| FREL | FBCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -43.56% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -15.17% | +6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -27.89% | +10.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.40% | -43.56% | +9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -2.19% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -11.30% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 4.45% | -1.83% |
Volatility
FREL vs. FBCG - Volatility Comparison
The current volatility for Fidelity MSCI Real Estate Index ETF (FREL) is 4.08%, while Fidelity Blue Chip Growth ETF (FBCG) has a volatility of 6.92%. This indicates that FREL 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.
Loading charts...
Volatility by Period
| FREL | FBCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 6.92% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 16.63% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 20.64% | -6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 26.13% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 25.74% | -5.01% |
FREL vs. FBCG - Expense Ratio Comparison
FREL has a 0.08% expense ratio, which is lower than FBCG's 0.59% expense ratio.
Dividends
FREL vs. FBCG - Dividend Comparison
FREL's dividend yield for the trailing twelve months is around 3.21%, more than FBCG's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBCG Fidelity Blue Chip Growth ETF | 0.04% | 0.05% | 0.12% | 0.02% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.21% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Frequently Asked Questions
FREL and FBCG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBCG has higher volatility (6.92%) compared to FREL (4.08%). In terms of maximum drawdown, FREL dropped -42.61% vs FBCG's -43.56%.
On 5-year performance, FBCG leads with 13.51% vs 2.27% for FREL. On fees, FREL is cheaper at 0.08% per year. On volatility, FREL has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FBCG has performed better with a 13.51% return vs 2.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FREL is cheaper with a 0.08% expense ratio, compared with 0.59% for FBCG.
FREL has the higher dividend yield at 3.21%, compared with 0.04% for FBCG.
FREL is categorized as REIT, while FBCG is Large Cap Growth Equities. Their fees differ too: 0.08% for FREL and 0.59% for FBCG.
FBCG currently has the higher Sharpe Ratio (1.24 vs 1.00), 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.
Find the right allocation for FREL and FBCG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer