NUGO vs. FBCG

Last updated Aug 2, 2026

NUGO (Nuveen Growth Opportunities ETF) and FBCG (Fidelity Blue Chip Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 3 years, NUGO returned 21.43%/yr vs 24.38%/yr for FBCG. Their 0.96 correlation means they have historically moved very closely together. NUGO charges 0.56%/yr vs 0.59%/yr for FBCG.

Performance

NUGO vs. FBCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Growth Opportunities ETF (NUGO) 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, NUGO achieves a 5.94% return, which is significantly lower than FBCG's 9.01% return.

NUGO

• 1D: 1.35%
• 1M: -0.71%
• 6M: 7.45%
• YTD: 5.94%
• 1Y: 14.86%
• 3Y*: 21.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.04%

FBCG

• 1D: 1.15%
• 1M: -2.14%
• 6M: 9.63%
• YTD: 9.01%
• 1Y: 21.78%
• 3Y*: 24.38%
• 5Y*: 12.83%
• 10Y*: —
• ALL TIME*: 19.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBCG Fidelity Blue Chip Growth ETF	$32.87M	$33.69M	$39.51M
NUGO Nuveen Growth Opportunities ETF	$4.39M	$5.38M	$7.03M

NUGO vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUGO Nuveen Growth Opportunities ETF	5.94%	14.91%	35.95%	45.37%	-32.73%	7.09%
FBCG Fidelity Blue Chip Growth ETF	9.01%	18.60%	39.05%	57.98%	-39.10%	2.03%

Correlation

The correlation between NUGO and FBCG is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.96

The correlation between NUGO and FBCG has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

NUGO vs. FBCG - Sectors Allocation Comparison

Sectors	NUGO	FBCG
Technology	58.2%	52.1%
Communication Services	13.6%	15.2%
Industrials	9.0%	5.8%
Consumer Cyclical	7.0%	16.1%
Healthcare	6.8%	5.6%
Financial Services	3.5%	2.2%
Basic Materials	1.6%	0.5%
Utilities	1.6%	0.4%
Consumer Defensive	0.4%	1.3%
Energy	-	0.3%
Real Estate	-	0.6%

Return for Risk

NUGO vs. FBCG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUGO

NUGO Risk / Return Rank: 26
NUGO Sharpe Ratio Rank: 27
NUGO Sortino Ratio Rank: 28
NUGO Omega Ratio Rank: 26
NUGO Calmar Ratio Rank: 24
NUGO Martin Ratio Rank: 27

FBCG

FBCG Risk / Return Rank: 37
FBCG Sharpe Ratio Rank: 37
FBCG Sortino Ratio Rank: 36
FBCG Omega Ratio Rank: 35
FBCG Calmar Ratio Rank: 36
FBCG Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUGO vs. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Growth Opportunities ETF (NUGO) 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.

	NUGO	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	0.65	0.91	-0.27
Sortino ratio: Return per unit of downside risk	1.04	1.36	-0.32
Omega ratio: Gain probability vs. loss probability	1.12	1.17	-0.04
Calmar ratio: Return relative to maximum drawdown	0.74	1.24	-0.50
Martin ratio: Return relative to average drawdown	2.26	4.24	-1.98

NUGO vs. FBCG - Sharpe Ratio Comparison

The current NUGO Sharpe Ratio is 0.65, which is comparable to the FBCG Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of NUGO 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

NUGO vs. FBCG - Drawdown Comparison

The maximum NUGO drawdown since its inception was -38.01%, smaller than the maximum FBCG drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for NUGO and FBCG.

Drawdown Indicators

	NUGO	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-38.01%	-43.56%	+5.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.54%	-15.17%	-2.37%
Max Drawdown (3Y) Largest decline over 3 years	-25.12%	-27.89%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.56%	—
Current Drawdown Current decline from peak	-5.24%	-6.68%	+1.44%
Average Drawdown Average peak-to-trough decline	-11.81%	-11.32%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	4.44%	+1.29%

Volatility

NUGO vs. FBCG - Volatility Comparison

Nuveen Growth Opportunities ETF (NUGO) has a higher volatility of 6.83% compared to Fidelity Blue Chip Growth ETF (FBCG) at 6.38%. This indicates that NUGO'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

	NUGO	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	6.38%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	15.97%	16.48%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	20.08%	20.69%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.24%	26.08%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.24%	25.73%	-2.49%

NUGO vs. FBCG - Expense Ratio Comparison

NUGO has a 0.56% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

NUGO vs. FBCG - Dividend Comparison

NUGO has not paid dividends to shareholders, while FBCG's dividend yield for the trailing twelve months is around 0.04%.

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%
NUGO Nuveen Growth Opportunities ETF	0.00%	0.00%	0.00%	0.19%	0.26%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUGO and FBCG in my portfolio?

With a correlation of 0.96, NUGO 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, NUGO or FBCG?

NUGO has higher volatility (6.83%) compared to FBCG (6.38%). In terms of maximum drawdown, NUGO dropped -38.01% vs FBCG's -43.56%.

Which ETF is better, NUGO or FBCG?

On 3-year performance, FBCG leads with 24.38% vs 21.43% for NUGO. On fees, NUGO is cheaper at 0.56% per year. On volatility, FBCG has been the lower-risk option at 6.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUGO or FBCG?

Over the 3-year period, FBCG has performed better with a 24.38% return vs 21.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUGO or FBCG?

NUGO is cheaper with a 0.56% expense ratio, compared with 0.59% for FBCG.

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

FBCG has the higher dividend yield at 0.04%, compared with 0.00% for NUGO.

What is the main difference between NUGO and FBCG?

They also come from different issuers: Nuveen and Fidelity. Their fees differ too: 0.56% for NUGO and 0.59% for FBCG.

Which has better risk-adjusted returns?

FBCG currently has the higher Sharpe Ratio (0.91 vs 0.65), 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.