Data as of Oct 28, 2026.
FBCG vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, FBCG returned +9.5% to SPY's +13.6%; 48% of their weight is in the same names.
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Net assets: $7.6bn on Sep 30, 2026 for Fidelity Blue Chip Growth ETF, and $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 0.48 points a year less; their one-year returns differ by 4.1 points; SPY is far larger, $809.2bn against $7.6bn.
| Measure | FBCG | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.5% | +13.6% |
| Drawdown | ||
| Below its high | 5.7%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.57% | 0.09% |
| Net assets, as of Sep 30, 2026 | $7.6bn | $809.2bn |
| Holdings | ||
| Holdings in common | 48% | |
| Top ten holdings, share of the fund | 57.2% | 38.1% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 12, 2020 to Oct 23, 2026 · 332 weekly returns · each against VOOFBCG returned more: +197.7% to +173.2%. SPY swung less: 15.9% to 23.9%. SPY fell less at its worst: −23.9% to −42.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FBCG | SPY | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +197.7% | +173.2% | FBCG | Price change plus distributions, reinvested. | |
| Annualized | +18.6% | +17.1% | FBCG (slight) | Total return as a yearly rate. | |
| Price return | +197.2% | +149.8% | FBCG | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 23.9% | 15.9% | SPY | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 15.5% | 10.3% | SPY | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −42.6% | −23.9% | SPY | Deepest fall from a high to the low after it. | |
| Upside capture | 168.9% | 100.0% | 100.0% | FBCG | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 126.3% | 100.1% | 100.0% | SPY | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.39 | 1.00 | 1.00 | SPY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.85 | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.71 | 0.88 | SPY | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.09 | 1.35 | SPY | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.121 | 0.139 | 0.140 | SPY | Return above Treasury bills per unit of beta. |
| Calmar | 0.44 | 0.71 | SPY | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −2.6% a year | −0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.70 | −0.87 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −9.9% to +4.7% | −0.3% to +0.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.26 | −0.24 | FBCG | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.2% | 0.2% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 332 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FBCG and SPY hold 48% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
48% in common
Only in one fund ↓
Side by side
FBCG and SPY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FBCG and SPY do different jobs. What does each one do in a portfolio?
- What each follows. FBCG follows No index, actively managed and SPY follows S&P 500 Index.
- Holdings in common. 48% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FBCG returned +9.5% and SPY +13.6% with distributions reinvested, a gap of 4.1 points.
Data as of Oct 28, 2026.
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FBCG
FBCG is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +9.5% with distributions reinvested, against +13.7% 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 5.7% below its high of Oct 6, 2026 on Oct 28, 2026.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, FBCG or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, FBCG returned +9.5% and SPY +13.6%.
- Which is cheaper, FBCG or SPY?
- SPY is cheaper, by 0.48 percentage points a year. That is about $48 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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 SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/fbcg-vs-spy
ETFIQ. (Oct 28, 2026). FBCG against SPY. Retrieved from https://etfiq.com/compare/any/fbcg-vs-spy
[FBCG against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fbcg-vs-spy)
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