FBCG vs PWB: Differences, Returns & Fees
FBCG and PWB hold 35% of their weight in the same names, and PWB returned +20.2% over the year. Net assets: $7.6bn on Sep 30, 2026 for Fidelity Blue Chip Growth ETF, and $2.6bn on Oct 20, 2026 for Invesco Large Cap Growth ETF.
PWB costs 0.02 points a year less; their one-year returns differ by 6.2 points; FBCG is 3.0 times larger.
| FBCG | PWB | |
|---|---|---|
| Expense ratio | 0.57% | 0.55% |
| Net assets, as of Jul 31, 2026 | $6.9bn | $2.3bn |
| Total return, 1 year | +14.0% | +20.2% |
| What it tracks | No index, actively managed | Dynamic Large Cap Growth Intellidex Index |
| Holdings in common | 35% | |
| Top ten holdings, share of the fund | 57.2% | 36.0% |
| Below its high | 5.8%, high on Oct 6, 2026 | 8.9%, high on Jun 22, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.
FBCG and PWB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FBCG follows No index, actively managed and PWB follows Dynamic Large Cap Growth Intellidex Index.
- Holdings in common. 35% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 FBCG returned +14.0% and PWB +20.2% with distributions reinvested, a gap of 6.2 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, FBCG and PWB hold 35% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.
half
35% in common
On the same fields
FBCG and PWB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FBCG
FBCG is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +14.0% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings filed for Jul 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 230 positions, with the top ten at 57.2%. It sat 5.8% below its high of Oct 6, 2026 on Oct 20, 2026.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, FBCG or PWB?
- In the year to Oct 20, 2026, with distributions reinvested, FBCG returned +14.0% and PWB +20.2%.
- Which is cheaper, FBCG or PWB?
- PWB is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FBCG against PWB, data as of Oct 20, 2026. https://etfiq.com/compare/any/fbcg-vs-pwb
ETFIQ. (Oct 20, 2026). FBCG against PWB. Retrieved from https://etfiq.com/compare/any/fbcg-vs-pwb
[FBCG against PWB (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/fbcg-vs-pwb)
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