ESLG vs FELG

ESLGAEventide Large Cap Growth ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

ESLG Active large-cap growth from a boutique shop, priced at 0.39% a year, under what the typical conviction-growth ETF charges. It launched in 2025, so the record is short, but the fee and the portfolio put it in the upper tier of its peer group.

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

ESLG The Fund seeks long-term capital appreciation through primarily U.S. large-capitalization equities with growth characteristics. It is actively managed with a long-only approach and applies Eventide’s values-based screening criteria.

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

• ESLG 0.39% a year undercuts the typical conviction-growth ETF, which runs nearer 0.54%. Close to index-plus pricing for a fund where humans pick the stocks.
• Sits in the upper tier of a crowded cohort of active US growth strategies, and the portfolio construction is the strongest part of that picture.
• A plain long-only equity wrapper: no leverage, no derivative payout mechanics, no structural flags, with distributions on a quarterly schedule.eventideinvestments.com

• 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

• ESLG Assets are still small and trading is thin, so bid-ask spreads can run wider than on the mega-cap index names in this space.
• It opened in September 2025. The issuer itself flags the limited operating history, and risk readings rest on a short window rather than a full market cycle.eventideinvestments.com
• Cheaper large-cap growth exists: index-plus peers such as JUSA (0.12%) and FELG (0.18%) charge a fraction of this fee.

• 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 ESLG profile⁠

Full FELG profile⁠