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ETFs

Fidelity Blue Chip Growth ETF

FBCG
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 4, 2020
Expense Ratio
0.59%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$4,389,313
AUM
$759,203,879
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
9.76%
AAPL
Apple Inc
9.53%
NVDA
NVIDIA Corp
8.74%
AMZN
Amazon.com Inc.
8.03%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
6.64%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
6.21%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.86%
UBER
Uber Technologies Inc
3.02%
NFLX
Netflix Inc.
2.73%
MRVL
Marvell Technology Inc
2.72%
Invest with FBCG
Trade FBCG Options

What is FBCG?

The fund seeks long-term growth of capital. Normally investing at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLCs (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. Investing in companies that FMR believes have above-average growth potential (stocks of these companies are often called "growth" stocks).

1M
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YTD
1Y
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Max
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FBCG
Performance Measures**

for the time period Jun 4, 2020 to Dec 5, 2025

Returns

1M Trailing Return: 0.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 7.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -43.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 26.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.84

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.47

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFBCG

ETFs correlated to FBCG include VUG, ONEQ, SCHG

FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toFBCG

QL-02 | Enhanced ETF Momentum Strategy

Category

ETF momentum rotation, risk-on/off, tactical asset allocation, equities, gold, Treasuries

OOS Cumulative Return

18.79%

QL-01 | Vibrant ETF Portfolio

Category

Thematic ETFs, Growth/tech heavy, Equal-weight, Annual rebalance, AI, Automation, Crypto, Metaverse, Nuclear energy, Quantum, High risk

OOS Cumulative Return

17.14%

Create your own algorithmic trading strategy with FBCG using Composer

FAQ

FBCG is a US Equities ETF. The fund seeks long-term growth of capital. Normally investing at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLCs (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. Investing in companies that FMR believes have above-average growth potential (stocks of these companies are often called "growth" stocks).

Yes, FBCG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FBCG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FBCG is -0.018%. This is the percent change in the value of FBCG over the most recent 1-month period. The 3-month return on FBCG is 0.0045%. This is the percent change in the value of FBCG over the most recent 3-month period.

The standard deviation of FBCG for the past year is 0.2541%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FBCG include SPHQ, DSI, and QUAL.

ETFs correlated to FBCG include VUG, ONEQ, and SCHG.

ETFs that are inversely correlated to FBCG include SQQQ, QID, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.