Fidelity Blue Chip Growth ETF (2024)

FAQs

Is Fidelity Blue Chip Growth a good investment? ›

Fidelity Blue Chip Growth: Performance Highlights

From his July 2009 start through January 2024, its 18.0% annualized gain beat the Russell 1000 Growth Index by 1.5 percentage points and outpaced 95% of large-growth category peers, which averaged a 13.7% annualized return.

Pair Corralation between Fidelity Contrafund and Fidelity Blue. Assuming the 90 days horizon Fidelity Contrafund is expected to generate 0.81 times more return on investment than Fidelity Blue. However, Fidelity Contrafund is 1.24 times less risky than Fidelity Blue.

The fund has returned 25.50 percent over the past year, 6.23 percent over the past three years, 15.12 percent over the past five years and 14.60 percent over the past decade.

Based on 216 Wall Street analysts offering 12 month price targets to Fidelity Blue Chip Growth Fund holdings in the last 3 months. The average price target is $227.62 with a high forecast of $283.43 and a low forecast of $177.76. The average price target represents a 21.69% change from the last price of $187.06.

While Fidelity wins out overall, Vanguard is the best option for retirement savers. Its platform offers tools and education focused specifically on retirement planning.

Fidelity Blue Chip Growth Fund (FBGRX)

One of Fidelity's top-performing funds, FBGRX is also one of its oldest. Dating back to 1987, FBGRX has managed to outperform the Russell 1000 Growth Index since inception, returning an annualized 12.9% versus 11.5%.

If you want to actively trade within your accounts, Fidelity might be the better option. However, if you want to focus more on index investing, or you want to use a robo-advisor, Vanguard has a slight edge.

The Fidelity Series Blue Chip Growth Fund falls within Morningstar's large growth category. The fund is currently closed to new investors.

Are blue-chip stocks good for retirement? ›

Investing in fundamentally strong blue-chip stocks is a proven strategy to build long-term wealth. Typically, blue-chip companies enjoy multiple competitive moats and market-leading positions, allowing them to generate stable cash flows across market cycles.

About Fidelity Blue Chip Growth ETF

Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations.

Overall, Fidelity Growth Company ( FDGRX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, this fund looks like a somewhat average choice for investors right now.