FBCG vs SPY
Fidelity Blue Chip Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FBCG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.09% | |
| AUM | $6.9B | $821.1B | |
| Dividend Yield | 0.04% | 1.01% | |
| Holdings | 189 | 505 | |
| YTD Return | +12.54% | +12.93% | |
| 1Y Return | +19.86% | +20.62% | |
| 3Y Return (annualized) | +27.77% | +22.00% | |
| 5Y Return (annualized) | +13.77% | +13.33% | |
| Volatility (annualized) | 22.9% | 15.3% | |
| Max Drawdown | -43.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 2, 2020 | Jan 22, 1993 |
FBCG vs SPY Performance
Fidelity Blue Chip Growth ETF (FBCG) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FBCG returned +19.86% while SPY returned +20.62%. Year to date, FBCG is up 12.54% versus a gain of 12.93% for SPY.
Over three years, FBCG compounded at +27.77% per year against +22.00% for SPY; over five years the annualized figures are +13.77% and +13.33% respectively. Across the full 6-year window we track, FBCG has the edge at +20.02% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBCG has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.6% for FBCG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FBCG charges 0.57% per year while SPY charges 0.09%. On a $10,000 position that is $57 vs $9 annually, a gap of $48 per year that compounds over a long holding period. On income, FBCG currently yields 0.04% against 1.01% for SPY.
Holdings Overlap
FBCG and SPY share 113 holdings out of 633 unique holdings combined, representing a 49.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBCG or SPY?
FBCG has an expense ratio of 0.57% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, FBCG or SPY?
Over the past year FBCG returned +19.86% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), FBCG annualized +20.02% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, FBCG or SPY?
FBCG has been the more volatile fund at 22.9% annualized versus 15.3% for SPY. Worst drawdown: FBCG -43.6% vs SPY -56.5%.
Should I hold both FBCG and SPY?
FBCG and SPY have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FBCG and SPY?
FBCG and SPY share 113 common holdings with a 49.9% weight overlap. Combined, they hold 633 unique securities.
Which pays a higher dividend, FBCG or SPY?
FBCG yields 0.04% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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