GARP vs. FBCG

Last updated Jun 13, 2026

GARP (iShares MSCI USA Quality GARP ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both Large Cap Growth Equities funds. GARP is passively managed, while FBCG is actively managed. Over the past 5 years, GARP returned 18.96%/yr vs 14.46%/yr for FBCG. Their correlation of 0.94 suggests significant overlap in exposure. GARP charges 0.15%/yr vs 0.59%/yr for FBCG.

Performance

GARP vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Quality GARP ETF (GARP) 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, GARP achieves a 16.96% return, which is significantly higher than FBCG's 11.31% return.

GARP

• 1D: 0.21%
• 1M: 2.98%
• YTD: 16.96%
• 6M: 17.70%
• 1Y: 36.11%
• 3Y*: 31.05%
• 5Y*: 18.96%
• 10Y*: —

FBCG

• 1D: 0.25%
• 1M: -0.54%
• YTD: 11.31%
• 6M: 12.74%
• 1Y: 32.07%
• 3Y*: 28.04%
• 5Y*: 14.46%
• 10Y*: —

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

GARP vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GARP iShares MSCI USA Quality GARP ETF	16.96%	21.49%	37.42%	42.86%	-26.75%	27.99%	26.30%
FBCG Fidelity Blue Chip Growth ETF	11.31%	18.60%	39.05%	57.98%	-39.10%	21.34%	41.44%

Correlation

The correlation between GARP and FBCG is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.94

The correlation between GARP and FBCG has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

GARP vs. FBCG - Sectors Allocation Comparison

Sectors	GARP	FBCG
Technology	56.7%	48.3%
Communication Services	12.0%	16.6%
Financial Services	7.5%	2.2%
Industrials	6.9%	5.7%
Consumer Cyclical	6.1%	17.2%
Healthcare	5.4%	6.7%
Energy	2.7%	0.4%
Utilities	1.4%	0.5%
Basic Materials	0.9%	0.6%
Real Estate	0.4%	0.7%
Consumer Defensive	-	1.3%

Return for Risk

GARP vs. FBCG — Risk / Return Rank

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

GARP

GARP Risk / Return Rank: 64
GARP Sharpe Ratio Rank: 69
GARP Sortino Ratio Rank: 63
GARP Omega Ratio Rank: 63
GARP Calmar Ratio Rank: 61
GARP Martin Ratio Rank: 65

FBCG

FBCG Risk / Return Rank: 53
FBCG Sharpe Ratio Rank: 56
FBCG Sortino Ratio Rank: 52
FBCG Omega Ratio Rank: 53
FBCG Calmar Ratio Rank: 48
FBCG Martin Ratio Rank: 53

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.

GARP vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality GARP ETF (GARP) 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.

	GARP	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.66	+0.27
Sortino ratio: Return per unit of downside risk	2.53	2.24	+0.29
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.04
Calmar ratio: Return relative to maximum drawdown	2.65	2.12	+0.53
Martin ratio: Return relative to average drawdown	10.37	8.07	+2.30

GARP vs. FBCG - Sharpe Ratio Comparison

The current GARP Sharpe Ratio is 1.93, which is comparable to the FBCG Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of GARP 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

GARP vs. FBCG - Drawdown Comparison

The maximum GARP drawdown since its inception was -31.34%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for GARP and FBCG.

Drawdown Indicators

	GARP	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-43.56%	+12.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.69%	-15.17%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	-27.89%	+4.16%
Max Drawdown (5Y) Largest decline over 5 years	-30.61%	-43.56%	+12.95%
Current Drawdown Current decline from peak	-4.27%	-4.71%	+0.44%
Average Drawdown Average peak-to-trough decline	-7.35%	-11.45%	+4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	3.99%	-0.50%

Volatility

GARP vs. FBCG - Volatility Comparison

iShares MSCI USA Quality GARP ETF (GARP) has a higher volatility of 7.61% compared to Fidelity Blue Chip Growth ETF (FBCG) at 7.21%. This indicates that GARP's price experiences larger fluctuations and is considered to be riskier than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GARP	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	7.21%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	15.12%	15.09%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	18.79%	19.38%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.11%	25.90%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.95%	25.77%	-1.82%

GARP vs. FBCG - Expense Ratio Comparison

GARP has a 0.15% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

GARP vs. FBCG - Dividend Comparison

GARP's dividend yield for the trailing twelve months is around 0.26%, 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%
GARP iShares MSCI USA Quality GARP ETF	0.26%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%

Frequently Asked Questions

Can I hold both GARP and FBCG in my portfolio?

With a correlation of 0.90, GARP 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, GARP or FBCG?

GARP has higher volatility (7.61%) compared to FBCG (7.21%). In terms of maximum drawdown, GARP dropped -31.34% vs FBCG's -43.56%.

Which ETF is better, GARP or FBCG?

On 5-year performance, GARP leads with 18.96% vs 14.46% for FBCG. On fees, GARP is cheaper at 0.15% per year. On volatility, FBCG has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GARP or FBCG?

Over the 5-year period, GARP has performed better with a 18.96% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GARP or FBCG?

GARP is cheaper with a 0.15% expense ratio, compared with 0.59% for FBCG.

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

GARP has the higher dividend yield at 0.26%, compared with 0.04% for FBCG.

What is the main difference between GARP and FBCG?

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.15% for GARP and 0.59% for FBCG.

Which has better risk-adjusted returns?

GARP currently has the higher Sharpe Ratio (1.93 vs 1.66), 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.