FBCG vs NUGO
Fidelity Blue Chip Growth ETF vs Nuveen Growth Opportunities ETF
Which is better, FBCG or NUGO?
Nearly the same fund. NUGO costs less.
NUGO has a lower expense ratio. FBCG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. FBCG is less concentrated, with 57.5% of the fund in its ten largest positions against 61.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FBCG | NUGO |
|---|---|---|
| Expense Ratio | 0.57% | 0.50%Best |
| AUM | $7.6B | $2.5B |
| Dividend Yield | 0.03% | 0.00% |
| Holdings | 245 | 46 |
| YTD Return | +12.59%Best | +9.42% |
| 1Y Return | +17.09%Best | +11.31% |
| 3Y Return (annualized) | +27.54%Best | +23.57% |
| 5Y Return (annualized) | +13.04%Best | +12.11% |
| Volatility (annualized) | 23.2% | 19.4%Best |
| Max Drawdown | -43.6% | -38.0%Best |
| $10,000 over 5 years | $18,457Best | $17,710 |
| Top 10 Weight | 57.5%Best | 61.9% |
| Fund Family | Fidelity Investments (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 2, 2020 | Sep 27, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2021 to Oct 14, 2026 (5 years).
FBCG vs NUGO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
FBCG vs NUGO Performance
Fidelity Blue Chip Growth ETF (FBCG) is an ETF from Fidelity Investments (US) and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year FBCG returned +17.09% while NUGO returned +11.31%. Year to date, FBCG is up 12.59% versus a gain of 9.42% for NUGO.
Over three years, FBCG compounded at +27.54% per year against +23.57% for NUGO; over five years the annualized figures are +13.04% and +12.11% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBCG has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 19.4% for NUGO. 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 -38.0% for NUGO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 NUGO charges 0.50%. On a $10,000 position that is $57 vs $50 annually, a gap of $7 per year that compounds over a long holding period. On income, FBCG currently yields 0.03% against 0.00% for NUGO.
Holdings Overlap
69.3% of FBCG's money is in holdings NUGO also owns. 89.1% of NUGO's money is in holdings FBCG also owns.
Most of NUGO is already inside FBCG. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 200 positions we hold weights for in FBCG and 43 in NUGO, against full books of 245 and 46.
What only one of them owns
Measured across the 200 and 43 positions we hold weights for.
FBCG holds 151 positions NUGO does not, 26.6% of the fund.
Largest: MRVL 1.06%, MPWR 0.82%, SN 0.80%, APP 0.75%, UNH 0.62%
Top Shared Holdings
| Stock | Weight in FBCG | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.68% | 15.71% | 0.03% |
| GOOGLAlphabet Inc | 8.64% | 10.15% | 1.51% |
| AAPLApple, Inc | 9.22% | 7.05% | 2.17% |
| MSFTMicrosoft Corp | 5.56% | 7.15% | 1.59% |
| AVGOBroadcom Inc | 4.11% | 5.98% | 1.87% |
| AMZNAmazon.Com Inc | 4.97% | 1.90% | 3.07% |
| LLYEli Lilly & Co. | 2.65% | 3.86% | 1.21% |
| MUMicron Technology, Inc. | 2.37% | 3.02% | 0.65% |
| METAMeta Platforms Inc | 2.42% | 2.09% | 0.33% |
| AMDAdvanced Micro Devices Inc | 1.26% | 3.05% | 1.79% |
89.1% of NUGO is already inside FBCG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, FBCG or NUGO?
FBCG has an expense ratio of 0.57% while NUGO charges 0.50%. NUGO is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, FBCG or NUGO?
Over the past year FBCG returned +17.09% vs +11.31% for NUGO, so FBCG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBCG or NUGO?
FBCG has been the more volatile fund at 23.2% annualized versus 19.4% for NUGO. Worst drawdown: FBCG -43.6% vs NUGO -38.0%.
Should I hold both FBCG and NUGO?
FBCG and NUGO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FBCG and NUGO?
89.1% of NUGO's money is in holdings FBCG also owns. 89.1% of NUGO's is in holdings FBCG also owns. They hold 30 positions in common, counted across the 200 positions we hold weights for in FBCG and 43 in NUGO.
Which pays a higher dividend, FBCG or NUGO?
FBCG yields 0.03% while NUGO yields 0.00%, so FBCG currently pays the higher dividend yield.
Is NUGO better than FBCG?
NUGO has a lower expense ratio. FBCG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. FBCG is less concentrated, with 57.5% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.