DAK vs FELG: Grades, Fees and Holdings Compared

Dakota Active Equity ETF

DAKBNasdaq

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Overlap

30.6%by weight

Expense ratio

FELG −0.25pt a year

DAK0.43%FELG0.18%

Avg volume · 30D

FELG 647.9×the volume

DAK585FELG379K

DAK vs FELG Performance

Oct 31, 2025 – Oct 30, 2026

+11.2%DAK−0.5%FELG

Expense ratio: DAK 0.43%; FELG 0.18%, better
Fund size: DAK $43M; FELG $5.78B
1Y total return: DAK +11.2%, better; FELG −0.5%
Yield (12M): DAK 0.82%, better; FELG 0.37%
Holdings: DAK 69; FELG 133
Avg volume (30D): DAK 585 sh; FELG 379K sh, better
NAV per share: DAK $29.39; FELG $42.20
52W range

ETF.net Grade

Pillar letters and Scores for DAK, FELG, with each pillar’s weight
Pillar	DAK	FELG
Cost30% weight	A74	A99Higher
Mission25% weight	Not scored	A82
Risk15% weight	A93Higher	C51
Tradability15% weight	F21	A85Higher
Holdings10% weight	A82Higher	C52
Durability5% weight	F20	A95Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. DAK 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 DAK 18th 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 16BNSIGNorth Square Growth Opportunities ETFScore 65
Rank 18BDAKDakota Active Equity ETFScore 64
Rank 18BLGROLevel Four Large Cap Growth Active ETFScore 64

Our read on each fund

ETF.net Research

DAKBDakota Active Equity ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

DAK 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

DAK 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

DAK 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

DAK 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 DAK profile⁠

Full FELG profile⁠

DAK vs FELG Holdings

How DAK and FELG differ

Overlap by weight

30.6%

Shared holdings make up 57.5% of FELG and 46.7% of DAK.

Level by level

Holdings24 in both30.6%
Sector11 Sectors77.0%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in DAK and FELG, widest gap first
Sector	More in DAKMore in FELG	DAK	FELG
Technology	FELG +18.1 points	40.6%	58.7%
Financials	DAK +8.7 points	14.2%	5.5%
Consumer Staples	DAK +5.1 points	5.2%	0.1%
Communication	FELG +4.6 points	10.0%	14.6%
Energy	DAK +3.0 points	3.2%	0.2%
Real Estate	DAK +1.9 points	2.0%	0.1%
Materials	DAK +1.8 points	2.3%	0.5%
Utilities	DAK +1.5 points	1.4%	0.0%
Health Care	DAK +1.0 points	7.1%	6.1%
Industrials	FELG +0.3 points	7.6%	7.9%
Consumer Discretionary	Same weight	6.4%	6.4%

Country, concentration and asset class

Country by domicile

Country weights in DAK and FELG, widest gap first
Country	More in DAKMore in FELG	DAK	FELG
United States	FELG +0.1 points	99.9%	100.0%
China	DAK +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.0%	0.0%
Switzerland	Same weight	0.0%	0.0%
Mexico	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DAK37.6%
FELG57.6%

Securities held

DAK69
FELG131

Asset class

DAK: Equity
FELG: Equity

Holdings

Only in DAK45
In both24
Only in FELG107

Only in DAK

45 securities, 53.3% of DAK by weight

iShares Core S&P 500 ETF3.76%
Analog Devices Inc3.04%
JPMorgan Chase & Co.2.95%
Zebra Technologies Corp2.78%
West Pharmaceutical Services Inc2.64%
Cboe Global Markets Inc2.62%
Salesforce Inc2.48%
IDEX Corp2.27%
iShares U.S. Technology ETF2.18%
Automatic Data Processing Inc2.16%
Boston Scientific Corp1.99%
Allstate Corp/The1.88%
Monolithic Power Systems Inc1.81%
ExxonMobil Holdings Corp1.81%
Public Storage1.67%
TJX Cos Inc/The1.53%
Align Technology Inc1.41%
State Street SPDR Bloomberg 1-3 Month T-Bill ETF1.30%
EOG Resources Inc1.21%
State Street SPDR S&P 500 ETF Trust1.21%
Eaton Corp PLC1.02%
Dover Corp1.00%
State Street SPDR Portfolio S&P 500 Growth ETF0.90%
First American Government Obligations Fund 12/01/20310.90%
T-Mobile US Inc0.86%
Sempra0.72%
AbbVie Inc0.70%
Newmont Corp0.70%
Marathon Petroleum Corp0.60%
Freeport-McMoRan Inc0.51%
Thermo Fisher Scientific Inc0.44%
SLB Ltd0.42%
Wells Fargo & Co0.37%
Waste Management Inc0.28%
ResMed Inc0.21%
Paychex Inc0.19%
Valero Energy Corp0.16%
Chevron Corp0.12%
Blackrock Inc0.09%
Corning Inc0.09%
US Bancorp0.09%
Take-Two Interactive Software Inc0.09%
Danaher Corp0.07%
TE Connectivity PLC0.05%
nVent Electric PLC0.02%

Only in FELG

107 securities, 41.8% of FELG by weight

Broadcom Inc4.65%
Micron Technology Inc3.69%
Meta Platforms Inc Class A3.43%
Tesla Inc3.02%
Ge Vernova Inc1.20%
Palantir Technologies Inc1.02%
Crowdstrike Holdings Inc0.98%
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%
Expedia Inc0.63%
Snowflake Inc0.55%
Uber Technologies Inc0.55%
Howmet Aerospace Inc0.55%
Atlassian Corp PLC Cls A0.54%
Schwab Charles 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%
Unity Software Inc0.47%
Cisco Systems Inc0.46%
Hubspot Inc0.45%
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%
Travere Therapeutics Inc0.30%
Vertiv Holdings Co0.27%
Zoom Communications Inc Class A0.27%
Home Depot Inc0.23%
Netapp Inc0.23%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%
Datadog Inc Class A0.21%
Oracle Corp0.20%
S&P Global Inc0.20%
Space Exploration Tech Corp A0.19%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in DAK and FELG, widest gap first
Holding	More in DAKMore in FELG	DAK	FELG
NVIDIA CorpNVDA	FELG +9.94 points	5.66%	15.60%
Alphabet IncGOOGL	FELG +5.48 points	1.00%	6.48%
Amazon.com IncAMZN	DAK +3.29 points	3.87%	0.58%
Eli Lilly & CoLLY	FELG +2.56 points	1.35%	3.90%
Apple IncAAPL	FELG +2.31 points	6.49%	8.80%
Keysight Technologies IncKEYS	DAK +2.06 points	2.53%	0.47%
Merck & Co IncMRK	DAK +2.00 points	2.16%	0.16%
Microsoft CorpMSFT	FELG +1.94 points	3.46%	5.40%
Bank of New York Mellon Corp/TheBNY	DAK +1.84 points	2.37%	0.53%
Mastercard IncMA	FELG +1.55 points	0.32%	1.87%
Costco Wholesale CorpCOST	DAK +1.41 points	1.53%	0.12%
Amphenol CorpAPH	DAK +1.37 points	2.27%	0.90%
Arista Networks IncANET	DAK +1.31 points	1.62%	0.31%
Texas Instruments IncTXN	FELG +1.30 points	0.12%	1.42%
Palo Alto Networks IncPANW	DAK +1.25 points	1.65%	0.40%
Applied Materials IncAMAT	FELG +1.15 points	0.07%	1.22%
Lam Research CorpLRCX	FELG +0.58 points	0.05%	0.63%
Advanced Micro Devices IncAMD	DAK +0.53 points	2.81%	2.28%
ServiceNow IncNOW	DAK +0.50 points	0.51%	<0.01%
Visa IncV	DAK +0.27 points	1.81%	1.54%
Alphabet IncGOOG	DAK +0.20 points	2.81%	2.61%
Quanta Services IncPWR	FELG +0.16 points	0.14%	0.30%
Ge AerospaceGE	DAK +0.09 points	1.53%	1.44%
Gilead Sciences IncGILD	DAK +0.04 points	0.60%	0.56%

All DAK 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.

DAK vs FELG Cost

Overpaying DAK vs FELG

$4,913

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

DAK 0.43%
$8,662
FELG 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

DAK 0.43%
FELG 0.18%
Overpaying

Year by year

Year	DAK	FELG	Overpaying
10	$776	$328	$448
20	$2,994	$1,281	$1,713
30	$8,662	$3,749	$4,913

Expense ratio

0.43%DAK
0.18%FELG, cheaper

FELG0.18%DAK0.43%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

DAK 23rd cheapest of 90 funds

DAK vs FELG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DAK 0.82%, better; FELG 0.37%
Payout (12M): DAK $0.24; FELG $0.16
Last payment: DAK $0.06; FELG $0.04
Ex-dividend: DAK Sep 28, 2026; FELG Sep 18, 2026
Paid on: DAK Sep 30, 2026; FELG Sep 22, 2026
Frequency: DAK Quarterly; FELG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DAKQuarterly · 5 paymentsAll DAK payments⁠

FELGQuarterly · 14 paymentsAll FELG payments⁠

DAK vs FELG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DAK 11.6%since Aug 2025FELG 16.3%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: DAK 0.97since Aug 2025FELG 0.93since Dec 2023
Worst fallMax drawdown, 5 years: DAK −7.9%since Jul 2025FELG −23.9%since Nov 2023
Market sensitivityBeta, 5 years: DAK 0.95FELG 1.23; Market = 1

DAK 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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DAK vs FELG

In short

Stated mandate

Why people hold it

Worth knowing

How DAK and FELG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DAK

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 DAK and FELG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DAK

Only in FELG

Weight gaps