BWQG vs FELG: Grades, Fees and Holdings Compared

BWM Quality Growth ETF

BWQGDCboe

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Overlap

30.4%by weight

Expense ratio

FELG −0.52pt a year

BWQG0.70%FELG0.18%

Avg volume · 30D

FELG 33.4×the volume

BWQG11.3KFELG379K

BWQG vs FELG Performance

Jul 31, 2026 – Oct 30, 2026

+3.7%BWQG−0.6%FELG

Expense ratio: BWQG 0.70%; FELG 0.18%, better
Fund size: BWQG $32M; FELG $5.78B
1Y total return: BWQG No data; FELG −0.5%
Yield (12M): BWQG No data; FELG 0.37%
Holdings: BWQG 34; FELG 133
Avg volume (30D): BWQG 11.3K sh; FELG 379K sh, better
NAV per share: BWQG $25.33; FELG $42.20
52W range

ETF.net Grade

Pillar letters and Scores for BWQG, FELG, with each pillar’s weight
Pillar	BWQG	FELG
Cost30% weight	F21	A99Higher
Mission25% weight	Not scored	A82
Risk15% weight	B69Higher	C51
Tradability15% weight	D33	A85Higher
Holdings10% weight	B56Higher	C52
Durability5% weight	F13	A95Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. BWQG 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 BWQG 72nd 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 70DTFGZThornburg Focus Growth FundScore 38
Rank 72DBWQGBWM Quality Growth ETFScore 37
Rank 72DFRTYAlger Mid Cap 40 ETFScore 37

Our read on each fund

ETF.net Research

BWQGDBWM Quality Growth ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

BWQG No data

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

BWQG No data

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

BWQG No data

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

BWQG No data

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 BWQG profile⁠

Full FELG profile⁠

BWQG vs FELG Holdings

How BWQG and FELG differ

Overlap by weight

30.4%

Shared holdings make up 68.8% of BWQG and 36.4% of FELG.

Level by level

Holdings15 in both30.4%
Sector11 Sectors86.7%
Countryby domicile94.8%
Asset classEquity100%

Sector

Sector weights in BWQG and FELG, widest gap first
Sector	More in BWQGMore in FELG	BWQG	FELG
Technology	FELG +11.1 points	47.6%	58.7%
Financials	BWQG +5.8 points	11.3%	5.5%
Consumer Discretionary	BWQG +3.2 points	9.6%	6.4%
Industrials	BWQG +1.7 points	9.6%	7.9%
Energy	BWQG +1.2 points	1.4%	0.2%
Communication	FELG +1.1 points	13.5%	14.6%
Health Care	FELG +1.0 points	5.1%	6.1%
Consumer Staples	BWQG +0.5 points	0.6%	0.1%
Utilities	BWQG +0.5 points	0.5%	0.0%
Real Estate	BWQG +0.3 points	0.4%	0.1%
Materials	FELG +0.1 points	0.4%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in BWQG and FELG, widest gap first
Country	More in BWQGMore in FELG	BWQG	FELG
United States	FELG +5.2 points	94.8%	100.0%
Netherlands	BWQG +5.0 points	5.0%	0.0%
Other countries (11)	BWQG +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

BWQG58.2%
FELG57.6%

Securities held

BWQG34
FELG131

Asset class

BWQG: Equity
FELG: Equity

Holdings

Only in BWQG19
In both15
Only in FELG116

Only in BWQG

19 securities, 31.2% of BWQG by weight

Invesco S&P 500 Equal Weight ETF6.50%
ASML Holding NV4.77%
Eaton Corp PLC3.19%
TransDigm Group Inc2.68%
Accenture PLC2.34%
Intercontinental Exchange Inc2.26%
Apollo Global Management Inc2.03%
BWX Technologies Inc1.59%
State Street SPDR S&P 500 ETF Trust1.23%
EQT Corp1.08%
Argan Inc0.75%
VictoryShares Free Cash Flow ETF0.73%
Vanguard Morningstar Mega Cap ETF0.70%
iShares MSCI USA Quality Factor ETF0.59%
First American Government Obligations Fund 12/01/20310.27%
Fundstrat Granny Shots US Large Cap ETF0.15%
Tweedy Browne Insider + Value ETF0.15%
State Street SPDR S&P Pharmaceuticals ETF0.09%
Invesco Food & Beverage ETF0.08%

Only in FELG

116 securities, 63.0% of FELG by weight

Apple Inc8.80%
Alphabet Inc Class A6.48%
Microsoft Corp5.40%
Broadcom Inc4.65%
Eli Lilly & Co3.90%
Advanced Micro Devices Inc2.28%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Ge Vernova Inc1.20%
Caterpillar Inc0.94%
Western Digital Corp0.93%
Netflix Inc0.88%
Sandisk Corporation0.84%
Trane Technologies PLC0.80%
Kla Corp0.78%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Fortinet Inc0.67%
Lam Research Corp0.63%
Expedia Inc0.63%
Gilead Sciences Inc0.56%
Howmet Aerospace Inc0.55%
Atlassian Corp PLC Cls A0.54%
Schwab Charles Corp0.53%
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%
Hubspot Inc0.45%
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%
Arista Networks Inc0.31%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
Vertiv Holdings Co0.27%
Zoom Communications Inc Class A0.27%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in BWQG and FELG, widest gap first
Holding	More in BWQGMore in FELG	BWQG	FELG
NVIDIA CorpNVDA	FELG +5.74 points	9.86%	15.60%
Amazon.com IncAMZN	BWQG +5.64 points	6.22%	0.58%
Intuitive Surgical IncISRG	BWQG +4.19 points	4.19%	0.00%
Crowdstrike Holdings IncCRWD	BWQG +3.87 points	4.85%	0.98%
ServiceNow IncNOW	BWQG +3.67 points	3.68%	<0.01%
Meta Platforms IncMETA	BWQG +3.49 points	6.92%	3.43%
Micron Technology IncMU	BWQG +2.89 points	6.58%	3.69%
Snowflake IncSNOW	BWQG +2.61 points	3.16%	0.55%
Visa IncV	BWQG +2.30 points	3.84%	1.54%
Uber Technologies IncUBER	BWQG +2.29 points	2.84%	0.55%
Amphenol CorpAPH	BWQG +2.25 points	3.15%	0.90%
Alphabet IncGOOG	BWQG +1.83 points	4.44%	2.61%
Mastercard IncMA	BWQG +1.79 points	3.66%	1.87%
Palantir Technologies IncPLTR	BWQG +1.66 points	2.68%	1.02%
Tesla IncTSLA	FELG +0.23 points	2.79%	3.02%

All BWQG 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.

BWQG vs FELG Cost

Overpaying BWQG vs FELG

$9,857

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

BWQG 0.70%
$13,606
FELG 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

BWQG 0.70%
FELG 0.18%
Overpaying

Year by year

Year	BWQG	FELG	Overpaying
10	$1,250	$328	$922
20	$4,760	$1,281	$3,479
30	$13,606	$3,749	$9,857

Expense ratio

0.70%BWQG
0.18%FELG, cheaper

FELG0.18%BWQG0.70%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

BWQG 71st cheapest of 90 funds

BWQG vs FELG Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2023 to 2026, same scale for both

BWQGAll BWQG payments⁠

No distribution history available.

FELGQuarterly · 14 paymentsAll FELG payments⁠

BWQG vs FELG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BWQG No dataFELG 16.3%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: BWQG No dataFELG 0.93since Dec 2023
Worst fallMax drawdown, 5 years: BWQG No dataFELG −23.9%since Nov 2023
Market sensitivityBeta, 5 years: BWQG 0.00FELG 1.23; Market = 1

BWQG 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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BWQG vs FELG

In short

Stated mandate

Why people hold it

Worth knowing

How BWQG and FELG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BWQG

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

How BWQG and FELG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BWQG

Only in FELG

Weight gaps