FSLBX vs. FBCGX

Last updated Jul 11, 2026

FSLBX (Fidelity Select Brokerage & Invmt Mgmt Portfolio) and FBCGX (Fidelity Blue Chip Growth K6 Fund) are both mutual funds - FSLBX is a Financials Equities fund managed by Fidelity, while FBCGX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, FSLBX returned 8.98%/yr vs 14.75%/yr for FBCGX. A 0.69 correlation means they provide meaningful diversification when combined. FSLBX charges 0.75%/yr vs 0.45%/yr for FBCGX.

Performance

FSLBX vs. FBCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSLBX achieves a -9.24% return, which is significantly lower than FBCGX's 15.60% return.

FSLBX

• 1D: 1.44%
• 1M: 1.89%
• 6M: -12.27%
• YTD: -9.24%
• 1Y: -11.94%
• 3Y*: 16.75%
• 5Y*: 8.98%
• 10Y*: 15.24%

FBCGX

• 1D: 1.51%
• 1M: 1.11%
• 6M: 14.02%
• YTD: 15.60%
• 1Y: 31.51%
• 3Y*: 29.58%
• 5Y*: 14.75%
• 10Y*: —

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

FSLBX vs. FBCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio	-9.24%	5.78%	35.74%	27.77%	-17.54%	40.61%	22.66%	31.60%	-15.37%	23.81%
FBCGX Fidelity Blue Chip Growth K6 Fund	15.60%	21.33%	38.15%	55.57%	-37.84%	23.00%	62.92%	36.11%	-2.33%	14.15%

Correlation

The correlation between FSLBX and FBCGX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.69

Over the past year, the correlation between FSLBX and FBCGX has dropped to 0.47 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

FSLBX vs. FBCGX — Risk / Return Rank

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

FSLBX

FSLBX Risk / Return Rank: 1
FSLBX Sharpe Ratio Rank: 1
FSLBX Sortino Ratio Rank: 1
FSLBX Omega Ratio Rank: 1
FSLBX Calmar Ratio Rank: 1
FSLBX Martin Ratio Rank: 1

FBCGX

FBCGX Risk / Return Rank: 55
FBCGX Sharpe Ratio Rank: 52
FBCGX Sortino Ratio Rank: 47
FBCGX Omega Ratio Rank: 47
FBCGX Calmar Ratio Rank: 66
FBCGX Martin Ratio Rank: 65

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.

FSLBX vs. FBCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) and Fidelity Blue Chip Growth K6 Fund (FBCGX). 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.

	FSLBX	FBCGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	1.60	-2.13
Sortino ratio: Return per unit of downside risk	-0.60	2.18	-2.78
Omega ratio: Gain probability vs. loss probability	0.93	1.28	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.48	2.48	-2.95
Martin ratio: Return relative to average drawdown	-0.91	9.70	-10.61

FSLBX vs. FBCGX - Sharpe Ratio Comparison

The current FSLBX Sharpe Ratio is -0.53, which is lower than the FBCGX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of FSLBX and FBCGX, 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

FSLBX vs. FBCGX - Drawdown Comparison

The maximum FSLBX drawdown since its inception was -68.20%, which is greater than FBCGX's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for FSLBX and FBCGX.

Drawdown Indicators

	FSLBX	FBCGX	Difference
Max Drawdown Largest peak-to-trough decline	-68.20%	-42.55%	-25.65%
Max Drawdown (1Y) Largest decline over 1 year	-24.67%	-12.64%	-12.03%
Max Drawdown (3Y) Largest decline over 3 years	-26.06%	-26.83%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-30.87%	-42.55%	+11.68%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	—	—
Current Drawdown Current decline from peak	-15.29%	-2.87%	-12.42%
Average Drawdown Average peak-to-trough decline	-14.88%	-8.83%	-6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	3.21%	+9.74%

Volatility

FSLBX vs. FBCGX - Volatility Comparison

The current volatility for Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) is 6.95%, while Fidelity Blue Chip Growth K6 Fund (FBCGX) has a volatility of 8.48%. This indicates that FSLBX experiences smaller price fluctuations and is considered to be less risky than FBCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSLBX	FBCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	8.48%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	17.71%	15.62%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	22.25%	19.62%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.07%	25.28%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	24.93%	-1.42%

FSLBX vs. FBCGX - Expense Ratio Comparison

FSLBX has a 0.75% expense ratio, which is higher than FBCGX's 0.45% expense ratio.

Dividends

FSLBX vs. FBCGX - Dividend Comparison

FSLBX's dividend yield for the trailing twelve months is around 2.15%, more than FBCGX's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCGX Fidelity Blue Chip Growth K6 Fund	0.84%	0.97%	0.62%	0.26%	0.12%	6.71%	1.26%	0.28%	0.46%	0.13%	0.00%	0.00%
FSLBX Fidelity Select Brokerage & Invmt Mgmt Portfolio	2.15%	0.67%	0.69%	1.22%	2.09%	1.39%	3.08%	4.25%	8.94%	5.46%	1.25%	6.37%

Frequently Asked Questions

Can I hold both FSLBX and FBCGX in my portfolio?

FSLBX and FBCGX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSLBX or FBCGX?

FBCGX has higher volatility (8.48%) compared to FSLBX (6.95%). In terms of maximum drawdown, FSLBX dropped -68.20% vs FBCGX's -42.55%.

Which has better risk-adjusted returns?

FBCGX currently has the higher Sharpe Ratio (1.60 vs -0.53), 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.