FBCG
Fidelity Blue Chip Growth ETF
FBCG is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks.
Global
EQUITY
Active
MANAGEMENT STYLE
2.8 B
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2020 |
| Assets (mns) | $2,766 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 9.5 % |
| APPLE INC | 9.1 % |
| AMAZON.COM INC | 9.0 % |
| ALPHABET INC. CLASS A | 6.8 % |
| META PLATFORMS INC | 5.0 % |
| ELI LILLY & CO | 2.9 % |
| NETFLIX INC | 2.3 % |
| UBER TECHNOLOGIES, INC. | 1.7 % |
| UNITEDHEALTH GROUP INC | 1.7 % |
| SNAP, INC. CLASS A | 1.6 % |
Constituent Breakdown
| Number of holdings | 208 |
| Herfindahl-Hirschman Index | 367 |
| Wgt avg mkt cap (mns) | $1,191,160 |
| Large cap (>$10bn) | 95.2% |
| Mid cap ($2-10bn) | 4.3% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.6% |
Country Exposure
 |
UNITED STATES | 80.2 % |
 |
NETHERLANDS | 1.6 % |
 |
TAIWAN | 0.8 % |
 |
DENMARK | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 34.1% | 41.3% | 38.2% | 8.5% | -- | -- | 8.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.34 | 84% |
| MSCI EAFE | 1.04 | 50% |
| MSCI Emg Mkts | 0.86 | 33% |
Liquidity Measures
| Avg. volume (000) | 459 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $181,193 |
Technical Indicators
| Recent close | $46.44 |
| 30d moving avg. | $46.52 |
| Annualized volatility | 25.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FBCG |
Expenses vs. FBCG |
ALTAR Score™ vs. FBCG |
|---|---|---|---|---|
| VUG | Vanguard Growth ETF | 50.4% | -55 bp | +1.3% |
| VOOG | Vanguard S&P 500 Growth ETF | 50.4% | -49 bp | +1.8% |
| IVW | iShares S&P 500 Growth ETF | 50.3% | -41 bp | +1.7% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 50.2% | -55 bp | +1.9% |
| IWY | iShares Russell Top 200 Growth ETF | 49.9% | -39 bp | +1.8% |
| IUSG | iShares Core S&P U.S. Growth ETF | 49.6% | -55 bp | +1.9% |
| VONG | Vanguard Russell 1000 Growth ETF | 49.5% | -51 bp | +1.8% |
| MGK | Vanguard Mega Cap Growth ETF | 49.5% | -52 bp | +1.5% |
| RND | First Trust Bloomberg R&D Leaders ETF | 49.4% | +1 bp | +0.7% |
| IWF | iShares Russell 1000 Growth ETF | 49.4% | -40 bp | +1.7% |
Risk and Returns: FBCG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FBCG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FBCG
2.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. FBCG's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places FBCG in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FBCGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| FBCG (59 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FBCG | 59.0 | 12.9 | 71.9 |
| Peer Avg. | 74.2 | 38.8 | 113.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .