FBCG vs GUSE: Grades, Fees and Holdings Compared

Fidelity Blue Chip Growth ETF

FBCGBCboe

Goldman Sachs Enhanced U.S. Equity ETF

GUSEANasdaq

Overlap

44.6%by weight

Expense ratio

GUSE −0.27pt a year

FBCG0.57%GUSE0.30%

Avg volume · 30D

FBCG 20.4×the volume

FBCG660KGUSE32.3K

FBCG vs GUSE Performance

Dec 31, 2025 – Nov 9, 2026

+5.1%FBCG+11.4%GUSE

Expense ratio: FBCG 0.57%; GUSE 0.30%, better
Fund size: FBCG $7.31B; GUSE $417M
1Y total return: FBCG +7.0%; GUSE No data
Yield (12M): FBCG 0.03%; GUSE No data
Holdings: FBCG 204; GUSE 122
Avg volume (30D): FBCG 660K sh, better; GUSE 32.3K sh
NAV per share: FBCG $57.62; GUSE $43.96
52W range

ETF.net Grade

Pillar letters and Scores for FBCG, GUSE, with each pillar’s weight
Pillar	FBCG	GUSE
Cost30% weight	C47	A97Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C44	A95Higher
Tradability15% weight	A77Higher	C46
Holdings10% weight	C50	A85Higher
Durability5% weight	A94Higher	A85

Rank among US Active Growth funds

How we build Categories ›

Same Category. FBCG and GUSE are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

GUSE ranks 2nd and FBCG 34th of 90 funds in the US Active Growth Category.

Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 83
Rank 34BACGRAmerican Century Large Cap Growth ETFScore 55
Rank 34BFBCGFidelity Blue Chip Growth ETFScore 55
Rank 34CMFIGMotley Fool Innovative Growth ETFScore 55

Our read on each fund

ETF.net Research

FBCGBFidelity Blue Chip Growth ETF

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

In short

FBCG Fidelity took its Blue Chip Growth stock-picking and put it in a ticker. Active, concentrated, US large-cap growth: a manager hunting well-known, well-capitalized companies with above-average growth potential, not an index basket.

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

Stated mandate

FBCG The fund seeks long-term capital growth, with income as a secondary objective.

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

Why people hold it

FBCG The mandate is plain: long-term growth of capital, income second, US-listed companies, with at least 80% of assets in blue chip names. A concentrated book, not an index clone.yahoo.com
Actively traded and a multi-billion-dollar fund, so getting in and out during market hours is rarely the hard part with this one.
Live since 2020, and it lands in the upper half of its active US large-cap growth peer group on our overall read.

GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
One of the stronger implementations in a crowded field of active US growth funds.

Worth knowing

FBCG 0.57% a year sits a touch above the typical active US growth ETF, and Fidelity's own FELG aims at large-cap growth for 0.18%.
Concentration cuts both ways: with only a few dozen growth names, single stock calls move this fund harder than they would a broad index basket.
Income is an afterthought by design. Distributions land once or twice a year, not quarterly.

GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

Full FBCG profile⁠

Full GUSE profile⁠

FBCG vs GUSE Holdings

How FBCG and GUSE differ

Overlap by weight

44.6%

Shared holdings make up 73.5% of FBCG and 60.4% of GUSE.

Level by level

Holdings50 in both44.6%
Sector11 Sectors68.5%
Countryby domicile96.7%
Asset classStocks100%

Sector

Sector weights in FBCG and GUSE, widest gap first
Sector	Gap	FBCG	GUSE
Technology	FBCG +24.8 points	57.4%	32.6%
Financials	GUSE +11.3 points	2.5%	13.8%
Communication	FBCG +6.6 points	15.1%	8.5%
Consumer Staples	GUSE +4.7 points	1.0%	5.7%
Energy	GUSE +3.8 points	0.2%	4.0%
Industrials	GUSE +3.2 points	5.1%	8.3%
Health Care	GUSE +2.9 points	6.7%	9.6%
Utilities	GUSE +2.4 points	0.0%	2.4%
Materials	GUSE +2.2 points	0.3%	2.5%
Real Estate	GUSE +1.0 points	0.7%	1.7%
Consumer Discretionary	FBCG +0.1 points	11.0%	10.9%

Country, concentration and asset class

Country by domicile

Country weights in FBCG and GUSE, widest gap first
Country	Gap	FBCG	GUSE
United States	GUSE +3.0 points	95.9%	98.9%
Canada	FBCG +1.6 points	1.6%	0.0%
Taiwan	FBCG +0.6 points	1.2%	0.6%
Other countries (7)	FBCG +0.8 points	1.3%	0.5%

Concentration

Weight in the 10 largest Holdings

FBCG57.7%
GUSE35.1%

Securities held

FBCG204
GUSE121

Asset class

FBCG: Stocks
GUSE: Stocks

Holdings

Only in FBCG154
In both50
Only in GUSE71

Only in FBCG

154 securities, 26.5% of FBCG by weight

Sandisk Corp1.90%
Crowdstrike Holdings Inc Class A0.91%
Monolithic Power Systems Inc0.85%
SharkNinja Inc0.72%
Celestica Inc (United States)0.70%
Twilio Inc Class A0.66%
Astera Labs Inc0.66%
Seagate Technology Holdings PLC0.65%
AppLovin Corp Class A0.64%
Welltower Inc0.61%
Comfort Systems USA Inc0.54%
Target Corp0.53%
Lam Research Corp0.51%
Netflix Inc0.46%
Boeing Co0.45%
Oracle Corp0.42%
AbbVie Inc0.41%
Robinhood Markets Inc Class A0.41%
SK Hynix Inc ADR0.40%
Delta Air Lines Inc0.40%
Carvana Co Class A0.37%
Victoria’s Secret & Co0.34%
Chipotle Mexican Grill Inc0.32%
ASML Holding NV depository receipt0.32%
Cerebras Systems Inc Class A0.31%
Howmet Aerospace Inc0.31%
Aritzia Inc Subordinate Voting Shares0.30%
Brinker International Inc0.29%
Coherent Corp0.28%
DoorDash Inc Class A0.28%
Gilead Sciences Inc0.27%
Lowe’s Cos Inc0.27%
Shopify Inc Class A0.26%
Ross Stores Inc0.25%
Natera Inc0.25%
Corning Inc0.25%
Moderna Inc0.23%
Goldman Sachs Group Inc/The0.20%
Affirm Holdings Inc Class A0.19%
Bloom Energy Corp Class A0.19%
Amer Sports Inc0.18%
Marriott International Inc/MD Class A10.17%
Reddit Inc Class A0.17%
ROBLOX Corp Class A0.17%
Rh0.15%
MACOM Technology Solutions Holdings Inc0.15%
Illumina Inc0.15%
Twist Bioscience Corp0.14%
IES Holdings Inc0.14%
TTM Technologies Inc0.14%

Only in GUSE

71 securities, 37.6% of GUSE by weight

Berkshire Hathaway Inc.1.77%
Conocophillips1.34%
Linde PLC1.26%
Walmart Inc1.16%
Agilent Technologies, Inc.1.03%
Merck & Co., Inc.0.85%
Vertex Pharmaceuticals Incorporated0.84%
Intercontinental Exchange Inc0.83%
The Procter & Gamble Company0.82%
Bank of America Corp0.81%
Cintas Corporation0.80%
Ameren Corporation0.78%
Phillips 660.74%
T-Mobile Us, Inc.0.69%
Netapp, Inc.0.69%
Cencora Inc0.66%
Atmos Energy Corporation0.64%
Applied Materials Inc0.61%
Csx Corporation0.61%
Allstate Corporation0.59%
Motorola Solutions Inc0.59%
Intl Business Machines Corp0.58%
S&P Global Inc.0.56%
Cadence Design Systems Inc0.56%
Global Payments Inc.0.55%
American Intl Group, Inc.0.55%
Rtx Corp0.53%
Coca-Cola European Partners PLC0.53%
Edwards Lifesciences Corporation0.52%
Kla Corp0.51%
Intuit Inc0.50%
Xcel Energy Inc.0.50%
Prologis Inc0.49%
Repligen Corp0.49%
Wintrust Financial Corporation0.49%
American Homes 4 Rent Llc0.49%
Quest Diagnostics Incorporated0.47%
Blackstone Group Inc/The0.44%
Msci Inc.0.44%
Cheniere Energy, Inc.0.43%
Constellation Energy Corp0.42%
Itt Inc.0.41%
Brown & Brown, Inc.0.41%
Eaton Corp PLC0.40%
Ulta Beauty Inc0.39%
Tko Group Holdings Inc0.38%
Trane Technologies Public Limited Company0.37%
Steel Dynamics, Inc.0.37%
Performance Food Group Company (De)0.37%
Ares Management Corporation0.37%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in FBCG and GUSE, widest gap first
Holding	Gap	FBCG	GUSE
NVIDIA CorpNVDA	FBCG +8.60 points	15.50%	6.90%
Alphabet Inc Class AGOOGL	FBCG +5.70 points	8.60%	2.90%
Apple IncAAPL	FBCG +4.22 points	9.49%	5.27%
Coca-Cola Co/TheKO	GUSE +1.86 points	0.09%	1.95%
Meta Platforms Inc Class AMETA	FBCG +1.81 points	4.00%	2.19%
Alphabet Inc Class CGOOG	GUSE +1.61 points	0.26%	1.87%
JPMorgan Chase & CoJPM	GUSE +1.60 points	0.09%	1.69%
Broadcom IncAVGO	FBCG +1.47 points	3.60%	2.13%
Micron Technology IncMU	FBCG +1.28 points	2.61%	1.33%
Marvell Technology IncMRVL	FBCG +1.03 points	1.29%	0.26%
ExxonMobil Holdings CorpXOM	GUSE +1.00 points	0.14%	1.14%
Visa Inc Class AV	GUSE +0.99 points	0.24%	1.23%
Western Digital CorpWDC	FBCG +0.93 points	1.31%	0.38%
Advanced Micro Devices IncAMD	FBCG +0.80 points	2.04%	1.24%
Amazon.com IncAMZN	GUSE +0.80 points	3.73%	4.53%
Mastercard Inc Class AMA	GUSE +0.76 points	0.78%	1.54%
TJX Cos Inc/TheTJX	GUSE +0.74 points	0.29%	1.03%
Johnson & JohnsonJNJ	GUSE +0.74 points	0.24%	0.98%
Taiwan Semiconductor Manufacturing Co Ltd ADRTSM	FBCG +0.67 points	1.21%	0.54%
Costco Wholesale CorpCOST	GUSE +0.56 points	0.11%	0.67%
Old Dominion Freight Line IncODFL	GUSE +0.54 points	<0.01%	0.54%
Home Depot Inc/TheHD	GUSE +0.51 points	0.11%	0.62%
Eli Lilly & CoLLY	FBCG +0.51 points	2.58%	2.07%
Lumentum Holdings IncLITE	FBCG +0.48 points	0.60%	0.12%
Space Exploration Technologies Corp Class ASPCX	FBCG +0.43 points	0.59%	0.16%
GE AerospaceGE	GUSE +0.42 points	0.37%	0.79%
UnitedHealth Group IncUNH	GUSE +0.38 points	0.52%	0.90%
Morgan StanleyMS	GUSE +0.37 points	0.13%	0.50%
Citigroup IncC	GUSE +0.35 points	0.09%	0.44%
Hilton Worldwide Holdings IncHLT	GUSE +0.33 points	0.21%	0.54%
Caterpillar IncCAT	GUSE +0.30 points	0.32%	0.62%
Arista Networks IncANET	GUSE +0.30 points	0.16%	0.46%
Microsoft CorpMSFT	FBCG +0.30 points	5.52%	5.22%
Cloudflare Inc Class ANET	FBCG +0.26 points	0.44%	0.18%
Starbucks CorpSBUX	GUSE +0.23 points	0.45%	0.68%
GE Vernova IncGEV	FBCG +0.22 points	0.70%	0.48%
3M CoMMM	GUSE +0.21 points	0.08%	0.29%
Intel CorpINTC	GUSE +0.21 points	0.26%	0.47%
Jabil IncJBL	GUSE +0.20 points	0.13%	0.33%
Palo Alto Networks IncPANW	FBCG +0.21 points	0.83%	0.62%
Amphenol Corp Class AAPH	GUSE +0.19 points	0.29%	0.48%
Argenx SE ADRARGX	GUSE +0.17 points	0.12%	0.29%
Palantir Technologies Inc Class APLTR	GUSE +0.17 points	0.58%	0.75%
Tesla IncTSLA	GUSE +0.09 points	1.55%	1.64%
Datadog Inc Class ADDOG	GUSE +0.09 points	0.11%	0.20%
Vertiv Holdings Co Class AVRT	GUSE +0.08 points	0.08%	0.16%
Dell Technologies Inc Class CDELL	FBCG +0.05 points	0.35%	0.30%
Snowflake IncSNOW	GUSE +0.02 points	0.23%	0.25%
Teradyne IncTER	GUSE +0.01 points	0.15%	0.16%
United Airlines Holdings IncUAL	Same weight	0.37%	0.37%

All FBCG holdings⁠All 121 GUSE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FBCG vs GUSE Cost

Overpaying FBCG vs GUSE

$5,122

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FBCG 0.57%
$11,271
GUSE 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

FBCG 0.57%
GUSE 0.30%
Overpaying

Year by year

Year	FBCG	GUSE	Overpaying
10	$1,023	$545	$478
20	$3,921	$2,113	$1,808
30	$11,271	$6,149	$5,122

Expense ratio

0.57%FBCG
0.30%GUSE, cheaper

GUSE0.30%FBCG0.57%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

GUSE 3rd cheapest of 90 funds

FBCG 50th cheapest of 90 funds

FBCG vs GUSE Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FBCG 0.03%; GUSE No data
Payout (12M): FBCG $0.02; GUSE No data
Last payment: FBCG $0.02; GUSE $0.30
Ex-dividend: FBCG Dec 19, 2025; GUSE Dec 23, 2025
Paid on: FBCG Dec 23, 2025; GUSE Dec 30, 2025
Frequency: FBCG Twice a year; GUSE Irregular

Distribution history

Per share, 2020 to 2026, same scale for both

FBCGTwice a year · 6 paymentsAll FBCG payments⁠

GUSEIrregular · 1 paymentAll GUSE payments⁠

FBCG vs GUSE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FBCG 19.8%GUSE No data
Return per unit of riskSharpe ratio, 3 years: FBCG 1.11GUSE No data
Worst fallMax drawdown, 5 years: FBCG −43.5%GUSE No data
Market sensitivityBeta, 5 years: FBCG 1.38GUSE 0.94; Market = 1

Popular comparisons

FBCGBvsJUSAA
Fidelity Blue Chip Growth ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.57% · 0.18%
Category
GUSEAvsJUSAA
Goldman Sachs Enhanced U.S. Equity ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.30% · 0.18%
Category
FBCGBvsLRGCA
Fidelity Blue Chip Growth ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.57% · 0.39%
Category
GUSEAvsLRGCA
Goldman Sachs Enhanced U.S. Equity ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.30% · 0.39%
Category
FBCGBvsFELGA
Fidelity Blue Chip Growth ETF · Fidelity Enhanced Large Cap Growth ETF
Expense ratio
0.57% · 0.18%
Category
GUSEAvsFELGA
Goldman Sachs Enhanced U.S. Equity ETF · Fidelity Enhanced Large Cap Growth ETF
Expense ratio
0.30% · 0.18%
Category