FBCG vs NWLG
Fidelity Blue Chip Growth ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, FBCG or NWLG?
FBCG has been ahead.
FBCG has a lower expense ratio. FBCG led over 1Y and the full window. FBCG is less concentrated, with 57.5% of the fund in its ten largest positions against 60.4%.
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 | NWLG |
|---|---|---|
| Expense Ratio | 0.57%Best | 0.65% |
| AUM | $7.6B | $9M |
| Dividend Yield | 0.03% | 0.00% |
| Holdings | 245 | 42 |
| Volatility (annualized) | 22.9% | 21.3%Best |
| Max Drawdown | -43.6% | -39.9%Best |
| $10,000 over 4.7 years | $15,438Best | $11,691 |
| Top 10 Weight | 57.5%Best | 60.4% |
| Fund Family | Fidelity Investments (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 2, 2020 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FBCG has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Aug 5, 2021 to Apr 6, 2026 (4.7 years).
Risk: Volatility and Drawdowns
FBCG has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 21.3% for NWLG. 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 -39.9% for NWLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FBCG charges 0.57% per year while NWLG charges 0.65%. On a $10,000 position that is $57 vs $65 annually, a gap of $8 per year that compounds over a long holding period. On income, FBCG currently yields 0.03% against 0.00% for NWLG.
Holdings Overlap
52.3% of FBCG's money is in holdings NWLG also owns. 78.3% of NWLG's money is in holdings FBCG also owns.
Most of NWLG is already inside FBCG. Owning both mostly buys the same companies twice.
The two holdings books were reported 243 days apart, FBCG as of Aug 31, 2026 and NWLG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
23 positions in common, counted across the 200 positions we hold weights for in FBCG and 39 in NWLG, against full books of 245 and 42.
What only one of them owns
Our book lists 16 positions for NWLG that do not appear in our book for FBCG (21.1% of the fund), and 159 for FBCG that do not appear in NWLG (44.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FBCG | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.68% | 12.49% | 3.19% |
| AAPLApple, Inc | 9.22% | 8.76% | 0.46% |
| MSFTMicrosoft Corp | 5.56% | 11.29% | 5.73% |
| AMZNAmazon.Com Inc | 4.97% | 5.22% | 0.25% |
| AVGOBroadcom Inc | 4.11% | 5.58% | 1.47% |
| GOOGAlphabet Inc. C | 0.26% | 6.20% | 5.94% |
| METAMeta Platforms Inc | 2.42% | 3.44% | 1.02% |
| LLYEli Lilly & Co. | 2.65% | 2.66% | 0.01% |
| TSLATesla Inc | 1.47% | 2.20% | 0.73% |
| MAMastercard Inc | 0.85% | 2.45% | 1.60% |
78.3% of NWLG 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 NWLG?
FBCG has an expense ratio of 0.57% while NWLG charges 0.65%. FBCG is the cheaper option, by $8 a year on a $10,000 investment.
Which is riskier, FBCG or NWLG?
FBCG has been the more volatile fund at 22.9% annualized versus 21.3% for NWLG. Worst drawdown: FBCG -43.6% vs NWLG -39.9%.
Should I hold both FBCG and NWLG?
FBCG and NWLG have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FBCG and NWLG?
78.3% of NWLG's money is in holdings FBCG also owns. 78.3% of NWLG's is in holdings FBCG also owns. They hold 23 positions in common, counted across the 200 positions we hold weights for in FBCG and 39 in NWLG.
Which pays a higher dividend, FBCG or NWLG?
FBCG yields 0.03% while NWLG yields 0.00%, so FBCG currently pays the higher dividend yield.
Is NWLG better than FBCG?
FBCG has a lower expense ratio. FBCG led over 1Y and the full window. FBCG is less concentrated, with 57.5% of the fund in its ten largest positions against 60.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.