FYEE vs. FBGRX

Last updated Jun 5, 2026

FYEE (Fidelity Yield Enhanced Equity ETF) and FBGRX (Fidelity Blue Chip Growth Fund) are both funds - FYEE is a Derivative Income fund actively managed by Fidelity, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. Over the past year, FYEE returned 24.81% vs 43.35% for FBGRX. Their correlation of 0.85 suggests significant overlap in exposure. FYEE charges 0.28%/yr vs 0.79%/yr for FBGRX.

Performance

FYEE vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Yield Enhanced Equity ETF (FYEE) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FYEE achieves a 7.28% return, which is significantly lower than FBGRX's 18.19% return.

FYEE

• 1D: 0.23%
• 1M: 2.96%
• YTD: 7.28%
• 6M: 8.57%
• 1Y: 24.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBGRX

• 1D: -0.31%
• 1M: 7.83%
• YTD: 18.19%
• 6M: 19.03%
• 1Y: 43.35%
• 3Y*: 32.41%
• 5Y*: 16.66%
• 10Y*: 21.84%

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

FYEE vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	7.28%	15.76%	13.20%
FBGRX Fidelity Blue Chip Growth Fund	18.19%	19.91%	19.84%

Correlation

The correlation between FYEE and FBGRX is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024	0.85

The correlation between FYEE and FBGRX has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

FYEE vs. FBGRX — Risk / Return Rank

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

FYEE

FYEE Risk / Return Rank: 80
FYEE Sharpe Ratio Rank: 81
FYEE Sortino Ratio Rank: 79
FYEE Omega Ratio Rank: 86
FYEE Calmar Ratio Rank: 69
FYEE Martin Ratio Rank: 85

FBGRX

FBGRX Risk / Return Rank: 71
FBGRX Sharpe Ratio Rank: 77
FBGRX Sortino Ratio Rank: 61
FBGRX Omega Ratio Rank: 61
FBGRX Calmar Ratio Rank: 78
FBGRX Martin Ratio Rank: 80

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.

FYEE vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FYEE	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.57	+0.02
Sortino ratio: Return per unit of downside risk	3.49	3.31	+0.18
Omega ratio: Gain probability vs. loss probability	1.52	1.44	+0.09
Calmar ratio: Return relative to maximum drawdown	3.37	3.54	-0.17
Martin ratio: Return relative to average drawdown	17.26	14.99	+2.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYEE vs. FBGRX - Sharpe Ratio Comparison

The current FYEE Sharpe Ratio is 2.59, which is comparable to the FBGRX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FYEE and FBGRX, 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

	FYEE	FBGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.57	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.68	+0.57

Drawdowns

FYEE vs. FBGRX - Drawdown Comparison

The maximum FYEE drawdown since its inception was -18.79%, smaller than the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FYEE and FBGRX.

Drawdown Indicators

	FYEE	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-58.64%	+39.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-12.65%	+5.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.08%	—
Current Drawdown Current decline from peak	-0.07%	-0.31%	+0.24%
Average Drawdown Average peak-to-trough decline	-2.25%	-12.53%	+10.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	2.98%	-1.54%

Volatility

FYEE vs. FBGRX - Volatility Comparison

The current volatility for Fidelity Yield Enhanced Equity ETF (FYEE) is 1.39%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 4.19%. This indicates that FYEE experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYEE	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	4.19%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	13.01%	-5.76%
Volatility (1Y) Calculated over the trailing 1-year period	9.63%	17.43%	-7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	24.88%	-11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.83%	23.68%	-9.85%

FYEE vs. FBGRX - Expense Ratio Comparison

FYEE has a 0.28% expense ratio, which is lower than FBGRX's 0.79% expense ratio.

Dividends

FYEE vs. FBGRX - Dividend Comparison

FYEE's dividend yield for the trailing twelve months is around 7.55%, more than FBGRX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.61%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FYEE Fidelity Yield Enhanced Equity ETF	7.55%	7.08%	5.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FYEE and FBGRX in my portfolio?

FYEE and FBGRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYEE or FBGRX?

FBGRX has higher volatility (4.19%) compared to FYEE (1.39%). In terms of maximum drawdown, FYEE dropped -18.79% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FYEE currently has the higher Sharpe Ratio (2.59 vs 2.57), 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.