BGRO vs FELG: Grades, Fees and Holdings Compared

iShares Large Cap Growth Active ETF

BGROCNasdaq

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Overlap

56.8%by weight

Expense ratio

FELG −0.37pt a year

BGRO0.55%FELG0.18%

Avg volume · 30D

FELG 435.1×the volume

BGRO871FELG379K

BGRO vs FELG Performance

Oct 31, 2025 – Nov 2, 2026

−1.3%BGRO−1.7%FELG

Expense ratio: BGRO 0.55%; FELG 0.18%, better
Fund size: BGRO $9M; FELG $5.78B
1Y total return: BGRO −1.3%, better; FELG −1.7%
Yield (12M): BGRO 0.00%; FELG 0.37%, better
Holdings: BGRO 46; FELG 132
Avg volume (30D): BGRO 871 sh; FELG 379K sh, better
NAV per share: BGRO $39.90; FELG $42.20
52W range

ETF.net Grade

Pillar letters and Scores for BGRO, FELG, with each pillar’s weight
Pillar	BGRO	FELG
Cost30% weight	C47	A99Higher
Mission25% weight	Not scored	A82
Risk15% weight	C43	C51Higher
Tradability15% weight	D32	A85Higher
Holdings10% weight	B66Higher	C52
Durability5% weight	C52	A95Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. BGRO 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 BGRO 54th 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 54CBEEXThe BeeHive ETFScore 45
Rank 54CBGROiShares Large Cap Growth Active ETFScore 45
Rank 54CCNEQAlger Concentrated Equity ETFScore 45

Our read on each fund

ETF.net Research

BGROCiShares Large Cap Growth Active ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

BGRO BlackRock's active stock-pickers, unbundled: roughly 30 US large-cap growth names in one ticker instead of a sprawling index. A 2024 arrival that swaps breadth for a concentrated bet on earnings power.

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

BGRO The Fund seeks long-term capital appreciation through active exposure to U.S. large-cap growth equities, using a high-conviction, fundamentally driven approach focused on companies with strong growth characteristics and earnings power.

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

BGRO Genuinely concentrated. At roughly 30 names, individual picks actually move the fund. This is the high-conviction mutual-fund model in an ETF wrapper, not an index fund wearing an active label.
The mandate is narrow and written down: US large-cap growth, chosen on fundamentals and earnings power. No drift into small caps or overseas names to chase a hot streak.ishares.com
0.55% a year buys active management inside a plain 1940 Act ETF, with the daily transparency and intraday tradability the wrapper requires. Cheap by legacy active-fund standards.

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

BGRO A small, thinly traded fund. Bid-ask spreads run wider than the megacap growth giants, which matters more for short holding periods than long ones.
Launched in 2024, so the record is short. And with about 30 holdings, the ride is inherently lumpier than a broad growth index.
Cheaper ways to buy large-cap growth exist: FELG charges 0.18% and JUSA 0.12%. The fee gap is what you pay for concentration instead of index-hugging.

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 BGRO profile⁠

Full FELG profile⁠

BGRO vs FELG Holdings

How BGRO and FELG differ

Overlap by weight

56.8%

Shared holdings make up 76.6% of BGRO and 71.0% of FELG.

Level by level

Holdings29 in both56.8%
Sector11 Sectors92.5%
Countryby domicile95.6%
Asset classEquity100%

Sector

Sector weights in BGRO and FELG, widest gap first
Sector	More in BGROMore in FELG	BGRO	FELG
Consumer Discretionary	FELG +4.9 points	1.5%	6.4%
Materials	BGRO +3.4 points	3.9%	0.5%
Real Estate	BGRO +1.8 points	1.9%	0.1%
Financials	FELG +1.9 points	3.6%	5.5%
Health Care	BGRO +1.2 points	7.3%	6.1%
Industrials	BGRO +1.0 points	8.9%	7.9%
Technology	FELG +0.4 points	58.3%	58.7%
Energy	FELG +0.2 points	0.0%	0.2%
Consumer Staples	FELG +0.1 points	0.0%	0.1%
Communication	FELG +0.1 points	14.5%	14.6%
Utilities	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in BGRO and FELG, widest gap first
Country	More in BGROMore in FELG	BGRO	FELG
United States	FELG +4.4 points	95.6%	100.0%
Canada	BGRO +4.4 points	4.4%	0.0%

Concentration

Weight in the 10 largest Holdings

BGRO47.1%
FELG57.9%

Securities held

BGRO44
FELG131

Asset class

BGRO: Equity
FELG: Equity

Holdings

Only in BGRO15
In both29
Only in FELG102

Only in BGRO

15 securities, 21.2% of BGRO by weight

Eaton PLC2.21%
Welltower2.09%
Interactive Brokers Group Inc Clas1.83%
Freeport Mcmoran Inc1.81%
Wheaton Precious Metals1.68%
Waters Corp1.64%
Corning1.50%
Dell Technologies Inc Class C1.35%
Shopify Subordinate Voting Class A1.27%
Thermo Fisher Scientific1.17%
Robinhood Markets Class A1.14%
Coreweave Class A1.09%
Coherent0.97%
Celestica0.95%
Vertex Pharmaceuticals0.54%

Only in FELG

102 securities, 28.3% of FELG by weight

Visa Inc Class A1.60%
Ge Aerospace1.43%
Texas Instruments Inc1.40%
Ge Vernova Inc1.20%
Applied Materials Inc1.16%
Crowdstrike Holdings Inc0.97%
Netflix Inc0.91%
Adobe Inc0.79%
Trane Technologies PLC0.78%
Airbnb Inc Class A0.76%
Kla Corp0.76%
Fortinet Inc0.67%
Expedia Inc0.65%
Uber Technologies Inc0.56%
Rtx Corp0.54%
Schwab Charles Corp0.54%
Ecolab Inc0.54%
Bank of New York Mellon Corp0.53%
Bristol-Myers Squibb Co0.53%
Atlassian Corp PLC Cls A0.52%
Bank of America Corporation0.51%
Maplebear Inc0.50%
Comfort Systems Usa Inc0.49%
Unity Software Inc0.46%
Cisco Systems Inc0.46%
Hubspot Inc0.45%
Keysight Technologies Inc0.45%
Incyte Corp0.38%
Chime Financial Inc0.37%
Seagate Techn Holdings PLC0.36%
Lyft Inc0.35%
Veralto Corp0.33%
Eaton Corp PLC0.33%
Docusign Inc0.33%
Travere Therapeutics Inc0.31%
Zoom Communications Inc Class A0.27%
Vertiv Holdings Co0.27%
Home Depot Inc0.24%
Draftkings Holdings Inc0.22%
Ross Stores Inc0.22%
Netapp Inc0.22%
S&P Global Inc0.20%
Technipfmc PLC0.20%
Oracle Corp0.19%
Oscar Health Inc - Class A0.18%
Merck & Co Inc New0.17%
Natera Inc0.17%
Morgan Stanley0.16%
Johnson Controls Internatl PLC0.15%
Kulicke & Soffa Industries Inc0.15%

Weight gaps

All 29 Holdings in both funds, largest gap first.

Holding weights in BGRO and FELG, widest gap first
Holding	More in BGROMore in FELG	BGRO	FELG
AppleAAPL	FELG +3.63 points	5.32%	8.95%
Alphabet Class AGOOGL	FELG +2.54 points	4.04%	6.58%
Palo Alto NetworksPANW	BGRO +2.47 points	2.87%	0.40%
Quanta Services IncPWR	BGRO +2.40 points	2.70%	0.30%
NVIDIANVDA	FELG +2.29 points	13.09%	15.38%
SnowflakeSNOW	BGRO +2.13 points	2.65%	0.52%
Space Exploration Technologies CorSPCX	BGRO +2.03 points	2.22%	0.19%
Broadcom IncAVGO	FELG +1.93 points	2.59%	4.52%
Arista NetworksANET	BGRO +1.69 points	1.99%	0.30%
Howmet AerospaceHWM	BGRO +1.51 points	2.05%	0.54%
Amphenol Corp Class AAPH	BGRO +1.34 points	2.24%	0.90%
Meta Platforms Class AMETA	FELG +1.22 points	2.26%	3.48%
Mastercard Class AMA	FELG +1.22 points	0.71%	1.93%
Lam ResearchLRCX	BGRO +1.12 points	1.73%	0.61%
Amazon.com IncAMZN	BGRO +0.91 points	1.50%	0.59%
Datadog Inc Class ADDOG	BGRO +0.85 points	1.05%	0.20%
CienaCIEN	BGRO +0.64 points	1.01%	0.37%
Gilead SciencesGILD	BGRO +0.61 points	1.20%	0.59%
Advanced Micro DevicesAMD	BGRO +0.53 points	2.63%	2.10%
Western Digital CorpWDC	FELG +0.51 points	0.38%	0.89%
Alphabet Class CGOOG	BGRO +0.41 points	3.06%	2.65%
MicrosoftMSFT	FELG +0.36 points	5.12%	5.48%
Intel CorporationINTC	BGRO +0.36 points	0.41%	0.05%
Palantir Technologies Class APLTR	BGRO +0.33 points	1.32%	0.99%
Micron TechnologyMU	BGRO +0.29 points	3.88%	3.59%
SandiskSNDK	FELG +0.22 points	0.53%	0.75%
Eli LillyLLY	FELG +0.16 points	3.99%	4.15%
Caterpillar IncCAT	BGRO +0.13 points	1.06%	0.93%
Tesla IncTSLA	FELG +0.08 points	3.00%	3.08%

All 41 BGRO 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.

BGRO vs FELG Cost

Overpaying BGRO vs FELG

$7,155

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

BGRO 0.55%
$10,904
FELG 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

BGRO 0.55%
FELG 0.18%
Overpaying

Year by year

Year	BGRO	FELG	Overpaying
10	$988	$328	$660
20	$3,790	$1,281	$2,509
30	$10,904	$3,749	$7,155

Expense ratio

0.55%BGRO
0.18%FELG, cheaper

FELG0.18%BGRO0.55%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

BGRO 43rd cheapest of 90 funds

BGRO vs FELG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BGRO 0.00%; FELG 0.37%, better
Payout (12M): BGRO None; FELG $0.16
Last payment: BGRO No data; FELG $0.04
Ex-dividend: BGRO No data; FELG Sep 18, 2026
Paid on: BGRO No data; FELG Sep 22, 2026
Frequency: BGRO No data; FELG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BGRO1 paymentAll BGRO payments⁠

FELGQuarterly · 14 paymentsAll FELG payments⁠

BGRO vs FELG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BGRO 19.6%since Jul 2024FELG 16.3%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: BGRO 0.38since Jul 2024FELG 0.93since Dec 2023
Worst fallMax drawdown, 5 years: BGRO −24.9%since Jun 2024FELG −23.9%since Nov 2023
Market sensitivityBeta, 5 years: BGRO 1.53FELG 1.23; Market = 1

BGRO 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
ETF Filings
Touchstone files to convert Dynamic Large Cap Growth into TDLG
Sep 25, 2026BGRO

Popular comparisons

BGROCvsJUSAA
iShares Large Cap Growth Active ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.55% · 0.18%
Category
FELGAvsJUSAA
Fidelity Enhanced Large Cap Growth ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.18% · 0.18%
Category
BGROCvsGUSEA
iShares Large Cap Growth Active ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.55% · 0.30%
Category
FELGAvsGUSEA
Fidelity Enhanced Large Cap Growth ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.18% · 0.30%
Category
BGROCvsLRGCA
iShares Large Cap Growth Active ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.55% · 0.39%
Category
FELGAvsLRGCA
Fidelity Enhanced Large Cap Growth ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.18% · 0.39%
Category

BGRO vs FELG

In short

Stated mandate

Why people hold it

Worth knowing

How BGRO and FELG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BGRO

Only in FELG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF

Touchstone files to convert Dynamic Large Cap Growth into TDLG

How BGRO and FELG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BGRO

Only in FELG

Weight gaps