IQQQ vs. FBCG

Last updated Jun 21, 2026

IQQQ (ProShares Nasdaq-100 High Income ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. IQQQ is passively managed, while FBCG is actively managed. Over the past year, IQQQ returned 37.52% vs 37.16% for FBCG. Their correlation of 0.94 suggests significant overlap in exposure. IQQQ charges 0.55%/yr vs 0.59%/yr for FBCG.

Performance

IQQQ vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 High Income ETF (IQQQ) 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, IQQQ achieves a 17.74% return, which is significantly higher than FBCG's 14.37% return.

IQQQ

• 1D: 2.57%
• 1M: 2.84%
• YTD: 17.74%
• 6M: 17.33%
• 1Y: 37.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBCG

• 1D: 2.20%
• 1M: 2.35%
• YTD: 14.37%
• 6M: 14.85%
• 1Y: 37.16%
• 3Y*: 28.81%
• 5Y*: 15.00%
• 10Y*: —

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

IQQQ vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	17.74%	17.11%	14.82%
FBCG Fidelity Blue Chip Growth ETF	14.37%	18.60%	21.50%

Correlation

The correlation between IQQQ and FBCG is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.94

The correlation between IQQQ and FBCG has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

IQQQ vs. FBCG — Risk / Return Rank

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

IQQQ

IQQQ Risk / Return Rank: 68
IQQQ Sharpe Ratio Rank: 73
IQQQ Sortino Ratio Rank: 65
IQQQ Omega Ratio Rank: 67
IQQQ Calmar Ratio Rank: 70
IQQQ Martin Ratio Rank: 66

FBCG

FBCG Risk / Return Rank: 54
FBCG Sharpe Ratio Rank: 58
FBCG Sortino Ratio Rank: 54
FBCG Omega Ratio Rank: 54
FBCG Calmar Ratio Rank: 51
FBCG Martin Ratio Rank: 55

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.

IQQQ vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.

	IQQQ	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.87	+0.35
Sortino ratio: Return per unit of downside risk	2.85	2.50	+0.35
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	3.34	2.41	+0.92
Martin ratio: Return relative to average drawdown	11.49	9.13	+2.36

IQQQ vs. FBCG - Sharpe Ratio Comparison

The current IQQQ Sharpe Ratio is 2.22, which is comparable to the FBCG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of IQQQ 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

IQQQ vs. FBCG - Drawdown Comparison

The maximum IQQQ drawdown since its inception was -20.41%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for IQQQ and FBCG.

Drawdown Indicators

	IQQQ	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-20.41%	-43.56%	+23.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-15.17%	+4.04%
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	-1.13%	-2.09%	+0.96%
Average Drawdown Average peak-to-trough decline	-3.63%	-11.43%	+7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	4.00%	-0.78%

Volatility

IQQQ vs. FBCG - Volatility Comparison

ProShares Nasdaq-100 High Income ETF (IQQQ) and Fidelity Blue Chip Growth ETF (FBCG) have volatilities of 7.78% and 7.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQQQ	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	7.85%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	15.41%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	16.76%	19.61%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	25.96%	-6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	25.79%	-6.79%

IQQQ vs. FBCG - Expense Ratio Comparison

IQQQ has a 0.55% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

IQQQ vs. FBCG - Dividend Comparison

IQQQ's dividend yield for the trailing twelve months is around 4.46%, 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%
IQQQ ProShares Nasdaq-100 High Income ETF	4.46%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQQQ and FBCG in my portfolio?

With a correlation of 0.93, IQQQ 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, IQQQ or FBCG?

FBCG has higher volatility (7.85%) compared to IQQQ (7.78%). In terms of maximum drawdown, IQQQ dropped -20.41% vs FBCG's -43.56%.

Which ETF is better, IQQQ or FBCG?

On 1-year performance, IQQQ leads with 37.52% vs 37.16% for FBCG. On fees, IQQQ is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQQQ or FBCG?

Over the 1-year period, IQQQ has performed better with a 37.52% return vs 37.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQQQ or FBCG?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.59% for FBCG.

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

IQQQ has the higher dividend yield at 4.46%, compared with 0.04% for FBCG.

What is the main difference between IQQQ and FBCG?

IQQQ is categorized as Nasdaq-100, while FBCG is Large Cap Growth Equities. They also come from different issuers: ProShares and Fidelity. Their fees differ too: 0.55% for IQQQ and 0.59% for FBCG.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (2.22 vs 1.87), 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.