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AKRE vs FELG

Akre Focus ETF

AKREDNYSE Arca

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Overlap

3.4%by weight

Expense ratio

FELG −0.80pt a year

AKRE0.98%FELG0.18%

Avg volume · 30D

AKRE 1.2×the volume

AKRE462KFELG379K

AKRE vs FELG Performance

Oct 31, 2025 – Oct 30, 2026

−9.3%AKRE−0.5%FELG

Oct 31, 2025 to Oct 30, 2026. AKRE −9.3%. FELG −0.5%. Use the arrow keys to read each point.−20%−15%−5%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
AKRE 0.98%
FELG 0.18%, better
Fund size
AKRE $4.94B
FELG $5.78B
1Y total return
AKRE −9.3%
FELG −0.5%, better
Yield (12M)
AKRE No data
FELG 0.37%
Holdings
AKRE 21
FELG 133
Avg volume (30D)
AKRE 462K sh, better
FELG 379K sh
NAV per share
AKRE $59.16
FELG $42.20
52W range

ETF.net Grade

AKRE: Cost 3, Risk 18, Mission not scored, Tradability 69, Holdings 16, Durability 87. FELG: Cost 99, Risk 51, Mission 82, Tradability 85, Holdings 52, Durability 95.
Pillar letters and Scores for AKRE, FELG, with each pillar’s weight
PillarAKREFELG
Cost30% weightF3A99Higher
Mission25% weightNot scoredA82
Risk15% weightF18C51Higher
Tradability15% weightB69A85Higher
Holdings10% weightF16C52Higher
Durability5% weightA87A95Higher

Rank among US Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AKRE and FELG 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 ›

FELG ranks 4th and AKRE 82nd of 90 funds in the US Active Growth Category.

  1. Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
  2. Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
  3. Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 81
  4. Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 80
  5. Rank 5AGQQQAstoria US Quality Growth Kings ETFScore 77
  6. Rank 81DTSELTouchstone Sands Capital US Select Growth ETFScore 27
  7. Rank 82DAKREAkre Focus ETFScore 26
  8. Rank 83DAOTGAOT Growth and Innovation ETFScore 25

Our read on each fund

ETF.net Research

AKREDAkre Focus ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

AKRE The ETF successor to Akre Capital's 2009 focus fund: a deliberately concentrated, non-diversified book of businesses meant to be held for years. Multi-billion-dollar scale, and a mutual-fund-era fee of 0.98%.

FELG Active stock-picking on an index-fund budget. FELG charges 0.18% to tilt around the Russell 1000 Growth Index rather than copy it, running a strategy whose track record dates to 2007.

Stated mandate

AKRE The Fund seeks long-term capital appreciation.

FELG The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 1000® Growth Index.

Why people hold it

  • AKRE The strategy has a paper trail. This is the ETF successor to a mutual fund that began operating in 2009, so the approach long predates the wrapper.akrecapital.com
  • Non-diversified on purpose: a focused portfolio, so each holding actually moves the needle instead of being diluted across hundreds of names.akrecapital.com
  • One job, stated plainly in the filings: long-term capital appreciation, mostly US names with room for international ones.sec.gov
  • Among the easier active funds in its peer group to get in and out of, with a multi-billion-dollar asset base behind it.
  • FELG 0.18% a year, roughly a third of the typical fee among active US growth-conviction funds.
  • Not a moonshot: at least 80% of assets sit in Russell 1000 Growth constituents across about 110 stocks, so the manager's bets are tilts around a familiar benchmark.fidelity.com
  • One of the strongest implementations in its peer group, and cheaper than most of the other top-graded names there (GUSE and MAGS at 0.30%, LRGC at 0.39%).
  • A multi-billion-dollar fund from Fidelity with steady on-screen liquidity, and it pays quarterly.

Worth knowing

  • AKRE 0.98% is a mutual-fund-era price tag, well above what most active large-cap growth ETFs charge. Rivals like JUSA and FELG cover similar ground for a fraction of it.sec.gov
  • Concentration cuts both ways. In a non-diversified book, a single-name stumble lands harder than it would in a broad index.akrecapital.com
  • Built for capital appreciation, not income. There is no regular distribution schedule to plan around here.
  • FELG Concentrated by design: roughly 110 large-cap growth names, so the megacap tech leaders at the top of the Russell 1000 Growth Index drive the ride both ways.
  • Active means the portfolio deviates from the index on purpose, so results can land on either side of it.
  • Not the cheapest seat in the cohort: JUSA runs 0.12%, though its mandate is broad large-cap rather than the growth slice.

Full AKRE profile⁠

Full FELG profile⁠

AKRE vs FELG Holdings

How AKRE and FELG differ

Overlap by weight

3.4%

Shared holdings make up 24.8% of AKRE and 3.4% of FELG.

Level by level

  • Holdings3 in both3.4%
  • Countryby domicile69.0%
  • Asset classEquity100%

Sector

No Sector split for AKRE.

Country, concentration and asset class

Country by domicile

Country weights in AKRE and FELG, widest gap first
CountryMore in AKREMore in FELG
United StatesFELG +31.0 points
CanadaAKRE +28.7 points
FranceAKRE +2.4 points

Concentration

Weight in the 10 largest Holdings

  • AKRE80.8%
  • FELG57.6%

Securities held

  • AKRE20
  • FELG131

Asset class

AKRE
Equity
FELG
Equity

Holdings

  • Only in AKRE17
  • In both3
  • Only in FELG128

Only in AKRE

17 securities, 74.6% of AKRE by weight

  • Constellation Software Inc/Canada13.48%
  • Roper Technologies Inc8.08%
  • Topicus.com Inc7.57%

Only in FELG

128 securities, 95.9% of FELG by weight

  • NVIDIA Corp15.60%
  • Apple Inc8.80%
  • Alphabet Inc Class A6.48%

Weight gaps

All 3 Holdings in both funds, largest gap first.

Holding weights in AKRE and FELG, widest gap first
HoldingMore in AKREMore in FELG
Mastercard IncMAAKRE +12.92 points
Visa IncVAKRE +6.10 points
ServiceNow IncNOWAKRE +2.34 points

All AKRE holdings⁠All 109 FELG 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.

AKRE vs FELG Cost

Overpaying AKRE vs FELG

$14,613

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

  • AKRE 0.98%

    $18,362

  • FELG 0.18%

    $3,749

$10,000
30 years

Cost over time

  • AKRE 0.98%
  • FELG 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AKRE $18,362FELG $3,749

Year by year

YearAKREFELGOverpaying
10$1,729$328$1,401
20$6,504$1,281$5,223
30$18,362$3,749$14,613

Expense ratio

  • 0.98%AKRE
  • 0.18%FELG, cheaper
  • Middle half of US Active Growth funds
  • Median 0.55%

FELG cheapest of 90 funds

AKRE 87th cheapest of 90 funds

AKRE vs FELG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AKRE No data
FELG 0.37%
Payout (12M)
AKRE None
FELG $0.16
Last payment
AKRE No data
FELG $0.04
Ex-dividend
AKRE No data
FELG Sep 18, 2026
Paid on
AKRE No data
FELG Sep 22, 2026
Frequency
AKRE No data
FELG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

AKREAll AKRE payments⁠

No distribution history available.

FELGQuarterly · 14 paymentsAll FELG payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Oct 13, 2023 $0.14; Nov 14, 2023 $0.04; Dec 28, 2023 $0.03; Mar 15, 2024 $0.03; Jun 21, 2024 $0.05; Sep 20, 2024 $0.04; Dec 20, 2024 $0.05; Mar 21, 2025 $0.04; Jun 20, 2025 $0.04; Sep 19, 2025 $0.04; Dec 19, 2025 $0.04; Mar 20, 2026 $0.03; Jun 18, 2026 $0.05; Sep 18, 2026 $0.04. Use the arrow keys to read each point.$0$0.1020232026YTD

AKRE vs FELG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AKRE 26.4%since Nov 2025FELG 16.3%since Dec 2023
Return per unit of riskSharpe ratio, 3 years
AKRE −0.39since Nov 2025FELG 0.93since Dec 2023
Worst fallMax drawdown, 5 years
AKRE −24.2%since Oct 2025FELG −23.9%since Nov 2023
Market sensitivityBeta, 5 years
AKRE 0.88FELG 1.23

AKRE and FELG in the news

All news⁠

Popular comparisons

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