AOTG vs FELG: Grades, Fees and Holdings Compared

AOT Growth and Innovation ETF

AOTGDNasdaq

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Overlap

34.9%by weight

Expense ratio

FELG −0.57pt a year

AOTG0.75%FELG0.18%

Avg volume · 30D

FELG 106.8×the volume

AOTG3.55KFELG379K

AOTG vs FELG Performance

Oct 31, 2025 – Oct 30, 2026

+0.7%AOTG−0.5%FELG

Expense ratio: AOTG 0.75%; FELG 0.18%, better
Fund size: AOTG $98M; FELG $5.78B
1Y total return: AOTG +0.7%, better; FELG −0.5%
Yield (12M): AOTG No data; FELG 0.37%
Holdings: AOTG 44; FELG 133
Avg volume (30D): AOTG 3.55K sh; FELG 379K sh, better
NAV per share: AOTG $59.24; FELG $42.20
52W range

ETF.net Grade

Pillar letters and Scores for AOTG, FELG, with each pillar’s weight
Pillar	AOTG	FELG
Cost30% weight	F19	A99Higher
Mission25% weight	Not scored	A82
Risk15% weight	F23	C51Higher
Tradability15% weight	D29	A85Higher
Holdings10% weight	D29	C52Higher
Durability5% weight	C52	A95Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. AOTG 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 AOTG 83rd 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 81
Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 80
Rank 5AGQQQAstoria US Quality Growth Kings ETFScore 77
Rank 82DAKREAkre Focus ETFScore 26
Rank 83DAOTGAOT Growth and Innovation ETFScore 25
Rank 83DTMFMMotley Fool Mid-Cap Growth ETFScore 25

Our read on each fund

ETF.net Research

AOTGDAOT Growth and Innovation ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

AOTG Most growth funds buy "tech." AOTG buys an economic trait: businesses that can sell the next unit for almost nothing. A concentrated, actively run book built on low marginal cost, growth and quality screens.

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

AOTG The Fund seeks long-term capital appreciation through active investment in U.S.-listed equities with high growth potential, emphasizing companies whose low marginal-cost business models can support expanding profits and growth.

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

AOTG The filter is an economics test, not a sector label: companies that can deliver more goods or services without materially raising their costs.sec.gov
Genuinely active, not a closet index. A boutique specialist recommends the names and the adviser places the trades, inside a plain 1940 Act ETF wrapper.sec.gov
A focused book rather than a sprawling index, so the manager's best ideas actually move the needle.

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

AOTG Fees run 0.75% a year against a 0.54% peer median, and several top-ranked rivals in the group (JUSA at 0.12%, FELG at 0.18%) cost a fraction of that.
Small and thinly traded next to the giants of its category, so spreads can be wider. Limit orders matter more here than on a megafund.
A capital-appreciation mandate with no payouts in the last year, and concentration cuts both ways: a few names drive the outcome.

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 AOTG profile⁠

Full FELG profile⁠

AOTG vs FELG Holdings

How AOTG and FELG differ

Overlap by weight

34.9%

Shared holdings make up 68.1% of AOTG and 49.9% of FELG.

Level by level

Holdings20 in both34.9%
Sector11 Sectors83.0%
Countryby domicile84.7%
Asset classEquity100%

Sector

Sector weights in AOTG and FELG, widest gap first
Sector	More in AOTGMore in FELG	AOTG	FELG
Technology	AOTG +13.2 points	71.9%	58.7%
Industrials	FELG +7.5 points	0.4%	7.9%
Health Care	FELG +5.7 points	0.4%	6.1%
Financials	AOTG +3.3 points	8.8%	5.5%
Communication	FELG +2.9 points	11.7%	14.6%
Materials	FELG +0.5 points	0.0%	0.5%
Consumer Discretionary	AOTG +0.4 points	6.8%	6.4%
Energy	FELG +0.2 points	0.0%	0.2%
Consumer Staples	FELG +0.1 points	0.0%	0.1%
Real Estate	FELG +0.1 points	0.0%	0.1%
Utilities	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in AOTG and FELG, widest gap first
Country	More in AOTGMore in FELG	AOTG	FELG
United States	FELG +15.3 points	84.7%	100.0%
Taiwan	AOTG +5.2 points	5.2%	0.0%
Brazil	AOTG +3.5 points	3.5%	0.0%
South Korea	AOTG +3.1 points	3.1%	0.0%
Canada	AOTG +2.4 points	2.4%	0.0%
Singapore	AOTG +1.1 points	1.1%	0.0%

Concentration

Weight in the 10 largest Holdings

AOTG67.2%
FELG57.6%

Securities held

AOTG44
FELG131

Asset class

AOTG: Equity
FELG: Equity

Holdings

Only in AOTG24
In both20
Only in FELG111

Only in AOTG

24 securities, 31.9% of AOTG by weight

Taiwan Semiconductor Manufacturing Co Ltd5.16%
Toast Inc4.71%
Salesforce Inc3.64%
SK hynix Inc3.39%
NU Holdings Ltd/Cayman Islands2.59%
AppLovin Corp2.17%
Shopify Inc2.09%
Sea Ltd1.12%
MercadoLibre Inc0.98%
Robinhood Markets Inc0.97%
Virtu Financial Inc0.95%
Remitly Global Inc0.79%
SoFi Technologies Inc0.62%
Autodesk Inc0.61%
First American Government Obligations Fund 12/01/20310.40%
Reddit Inc0.33%
DigitalOcean Holdings Inc0.25%
State Street Corp0.24%
LPL Financial Holdings Inc0.19%
Intuit Inc0.17%
Lumentum Holdings Inc0.16%
Spotify Technology SA0.16%
Coinbase Global Inc0.12%
Circle Internet Group Inc0.12%

Only in FELG

111 securities, 49.4% of FELG by weight

Apple Inc8.80%
Eli Lilly & Co3.90%
Tesla Inc3.02%
Mastercard Inc Class A1.87%
Visa Inc Class A1.54%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Ge Vernova Inc1.20%
Palantir Technologies Inc1.02%
Crowdstrike Holdings Inc0.98%
Caterpillar Inc0.94%
Amphenol Corporation Class A0.90%
Trane Technologies PLC0.80%
Kla Corp0.78%
Airbnb Inc Class A0.75%
Fortinet Inc0.67%
Lam Research Corp0.63%
Expedia Inc0.63%
Gilead Sciences Inc0.56%
Snowflake Inc0.55%
Uber Technologies Inc0.55%
Howmet Aerospace Inc0.55%
Atlassian Corp PLC Cls A0.54%
Bank of New York Mellon Corp0.53%
Rtx Corp0.52%
Ecolab Inc0.52%
Comfort Systems Usa Inc0.51%
Bristol-Myers Squibb Co0.51%
Bank of America Corporation0.51%
Maplebear Inc0.49%
Keysight Technologies Inc0.47%
Unity Software Inc0.47%
Cisco Systems Inc0.46%
Palo Alto Networks Inc0.40%
Ciena Corp0.39%
Seagate Techn Holdings PLC0.38%
Chime Financial Inc0.37%
Incyte Corp0.35%
Eaton Corp PLC0.34%
Lyft Inc0.34%
Docusign Inc0.32%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
Zoom Communications Inc Class A0.27%
Home Depot Inc0.23%
Netapp Inc0.23%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%

Weight gaps

All 20 Holdings in both funds, largest gap first.

Holding weights in AOTG and FELG, widest gap first
Holding	More in AOTGMore in FELG	AOTG	FELG
Advanced Micro Devices IncAMD	AOTG +12.23 points	14.51%	2.28%
Micron Technology IncMU	AOTG +7.34 points	11.03%	3.69%
NVIDIA CorpNVDA	FELG +4.47 points	11.13%	15.60%
Amazon.com IncAMZN	AOTG +4.43 points	5.01%	0.58%
Alphabet IncGOOGL	FELG +3.68 points	2.80%	6.48%
Broadcom IncAVGO	FELG +3.31 points	1.34%	4.65%
Sandisk CorpSNDK	AOTG +2.51 points	3.35%	0.84%
Meta Platforms IncMETA	FELG +2.16 points	1.27%	3.43%
Oracle CorpORCL	AOTG +1.88 points	2.08%	0.20%
Charles Schwab Corp/TheSCHW	AOTG +1.50 points	2.03%	0.53%
Alphabet IncGOOG	AOTG +0.96 points	3.57%	2.61%
Adobe IncADBE	AOTG +0.92 points	1.68%	0.76%
ServiceNow IncNOW	AOTG +0.71 points	0.72%	<0.01%
Western Digital CorpWDC	FELG +0.47 points	0.46%	0.93%
Veeva Systems IncVEEV	AOTG +0.44 points	0.46%	0.02%
Netflix IncNFLX	FELG +0.37 points	0.51%	0.88%
Microsoft CorpMSFT	FELG +0.32 points	5.08%	5.40%
HubSpot IncHUBS	FELG +0.25 points	0.20%	0.45%
Vertiv Holdings CoVRT	AOTG +0.20 points	0.47%	0.27%
Arista Networks IncANET	AOTG +0.12 points	0.43%	0.31%

All 67 AOTG 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.

AOTG vs FELG Cost

Overpaying AOTG vs FELG

$10,733

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

AOTG 0.75%
$14,482
FELG 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

AOTG 0.75%
FELG 0.18%
Overpaying

Year by year

Year	AOTG	FELG	Overpaying
10	$1,336	$328	$1,008
20	$5,078	$1,281	$3,797
30	$14,482	$3,749	$10,733

Expense ratio

0.75%AOTG
0.18%FELG, cheaper

FELG0.18%AOTG0.75%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

AOTG 72nd cheapest of 90 funds

AOTG vs FELG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AOTG No data; FELG 0.37%
Payout (12M): AOTG None; FELG $0.16
Last payment: AOTG No data; FELG $0.04
Ex-dividend: AOTG No data; FELG Sep 18, 2026
Paid on: AOTG No data; FELG Sep 22, 2026
Frequency: AOTG No data; FELG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

AOTGAll AOTG payments⁠

No distribution history available.

FELGQuarterly · 14 paymentsAll FELG payments⁠

AOTG vs FELG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AOTG 25.0%FELG 16.3%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: AOTG 0.96FELG 0.93since Dec 2023
Worst fallMax drawdown, 5 years: AOTG −31.6%since Jun 2022FELG −23.9%since Nov 2023
Market sensitivityBeta, 5 years: AOTG 1.45FELG 1.23; Market = 1

AOTG and FELG in the news

All news⁠

ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026FELG

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