I hold both of these funds. My 401k, IRA and Brokerage are all into the Vanguard S&P Index and my HSA is in the Fidelity Blue Chip Growth. The Vanguard Index is up like 6% for the year, which is great, but the Fidelity Growth Fund is up over 35%. That’s nuts. I put my HSA in the Fidelity account because I thought a blue chip fund would carry the equivalent risk of a S&P index but I never expected it to outperform it anywhere close to this. I’m considering moving everything to the Growth Fund but figure I must be missing something that makes the growth fund less attractive. I know it doesn’t get dividends like the index but even that is probably like 2% tagged into the index. Am I missing something or are blue chip growth funds the way to go?
