FELG vs FFLG: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Fidelity Fundamental Large Cap Growth ETF

FFLGBCboe

Overlap

63.8%by weight

Expense ratio

FELG −0.20pt a year

FELG0.18%FFLG0.38%

Avg volume · 30D

FELG 3.9×the volume

FELG379KFFLG98.4K

FELG vs FFLG Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG+2.2%FFLG

Expense ratio: FELG 0.18%, better; FFLG 0.38%
Fund size: FELG $5.78B; FFLG $635M
1Y total return: FELG −0.5%; FFLG +2.2%, better
Yield (12M): FELG 0.37%, better; FFLG 0.07%
Holdings: FELG 133; FFLG 101
Avg volume (30D): FELG 379K sh, better; FFLG 98.4K sh
NAV per share: FELG $42.20; FFLG $31.16
52W range

ETF.net Grade

Pillar letters and Scores for FELG, FFLG, with each pillar’s weight
Pillar	FELG	FFLG
Cost30% weight	A99Higher	A88
Mission25% weight	A82Higher	A73
Risk15% weight	C51Higher	C41
Tradability15% weight	A85Higher	B61
Holdings10% weight	C52Higher	C46
Durability5% weight	A95Higher	A81

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and FFLG 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 FFLG 12th 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 9BMAGSRoundhill Magnificent Seven ETFScore 68
Rank 12BFFLGFidelity Fundamental Large Cap Growth ETFScore 67
Rank 13BJGROJPMorgan Active Growth ETFScore 66

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

FFLGBFidelity Fundamental Large Cap Growth ETF

In short

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.

FFLG Fidelity hands its portfolio managers' highest-conviction large-cap growth ideas to a quantitative construction process, which builds them into a roughly 100-stock portfolio. Human picks, machine sizing, at a below-median fee.

Stated mandate

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.

FFLG The fund seeks long-term capital growth through a diversified domestic large-cap growth equity strategy. Its process combines Fidelity portfolio managers’ fundamental research and high-conviction ideas with quantitative portfolio construction.

Why people hold it

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.

FFLG Charges 0.38% a year, under the median fee for active large-cap growth funds in its peer group.
The mandate is unusually specific: fundamental research and high-conviction ideas, then quantitative portfolio construction across roughly 100 domestic large-cap growth names.fidelity.com
Sits in the top quartile of its active US growth cohort, with a live record dating to its 2021 launch and quarterly distributions.

Worth knowing

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.

FFLG This is one slice of the market. A domestic large-cap growth book moves with growth stocks, which can look nothing like the broad index in a given stretch.
Fidelity's own FELG covers large-cap growth at 0.18%, so the in-house index-plus route costs less than this stock-picking one.
Mid-sized and moderately traded, so spreads can run wider than at the category's largest funds.

Full FELG profile⁠

Full FFLG profile⁠

FELG vs FFLG Holdings

How FELG and FFLG differ

Overlap by weight

63.8%

Shared holdings make up 78.4% of FFLG and 74.7% of FELG.

Level by level

Holdings42 in both63.8%
Sector11 Sectors92.3%
Countryby domicile94.0%
Asset classEquity100%

Sector

Sector weights in FELG and FFLG, widest gap first
Sector	More in FELGMore in FFLG	FELG	FFLG
Technology	FELG +3.5 points	58.7%	55.2%
Communication	FFLG +3.2 points	14.6%	17.8%
Financials	FELG +2.7 points	5.5%	2.8%
Industrials	FELG +1.5 points	7.9%	6.4%
Health Care	FFLG +1.5 points	6.1%	7.6%
Consumer Discretionary	FFLG +0.9 points	6.4%	7.3%
Materials	FFLG +0.7 points	0.5%	1.2%
Real Estate	FFLG +0.5 points	0.1%	0.6%
Consumer Staples	FFLG +0.4 points	0.1%	0.5%
Utilities	FFLG +0.4 points	0.0%	0.4%
Energy	FFLG +0.1 points	0.2%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in FELG and FFLG, widest gap first
Country	More in FELGMore in FFLG	FELG	FFLG
United States	FELG +6.0 points	100.0%	94.0%
Taiwan	FFLG +2.7 points	0.0%	2.7%
Canada	FFLG +1.2 points	0.0%	1.2%
Mexico	FFLG +0.7 points	0.0%	0.7%
Other countries (6)	FFLG +1.5 points	0.0%	1.5%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
FFLG58.2%

Securities held

FELG131
FFLG99

Asset class

FELG: Equity
FFLG: Equity

Holdings

Only in FELG89
In both42
Only in FFLG57

Only in FELG

89 securities, 25.3% of FELG by weight

Visa Inc Class A1.54%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Caterpillar Inc0.94%
Netflix Inc0.88%
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%
Atlassian Corp PLC Cls A0.54%
Schwab Charles Corp0.53%
Bank of New York Mellon Corp0.53%
Rtx Corp0.52%
Ecolab Inc0.52%
Bristol-Myers Squibb Co0.51%
Maplebear Inc0.49%
Keysight Technologies Inc0.47%
Unity Software Inc0.47%
Cisco Systems Inc0.46%
Hubspot Inc0.45%
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%
Vertiv Holdings Co0.27%
Zoom Communications Inc Class A0.27%
Home Depot Inc0.23%
Netapp Inc0.23%
Draftkings Holdings Inc0.22%
Oracle Corp0.20%
S&P Global Inc0.20%
Technipfmc PLC0.19%
Oscar Health Inc - Class A0.17%
Merck & Co Inc New0.16%
Johnson Controls Internatl PLC0.16%
Kulicke & Soffa Industries Inc0.16%
Griffon Corp0.14%
Cirrus Logic Inc0.13%
Progressive Corp Ohio0.12%
Costco Wholesale Corp0.12%
Wesco International Inc0.11%

Only in FFLG

57 securities, 21.5% of FFLG by weight

Taiwan Semic Mfg Co Ltd Sp Adr2.21%
Moderna Inc1.24%
Westinghouse Air Brake Tec Crp0.81%
Sharkninja Inc0.80%
Boeing Co0.69%
Carvana Co Class A0.68%
Shopify Inc Class A0.68%
Welltower Inc0.67%
Flex Ltd0.66%
Applovin Corp0.65%
Delta Air Inc0.55%
Sterling Infrastructure Inc0.53%
Argenx SE Sponsored Adr0.52%
Coherent Corp0.47%
Cadence Design Systems Inc0.47%
Robinhood Markets Inc0.46%
Ati Inc0.43%
Corning Inc0.42%
Media Tek Inc0.42%
Nrg Energy Inc0.38%
Alnylam Pharmaceuticals Inc0.38%
United Airlines Holdings Inc0.37%
Nextpower Inc0.34%
Garmin Ltd0.34%
Exxonmobil Holdings Corp0.34%
Cerebras Systems Inc A0.34%
Everpure Inc-A0.30%
Philip Morris Intl Inc0.30%
Edwards Lifesciences Corp0.30%
Illumina Inc0.29%
Tjx Companies Inc New0.29%
Aritzia Inc0.27%
Ucb SA0.26%
Antofagasta PLC0.26%
Alcoa Corp0.24%
Asml Hldg NV (Ny Reg Shs) New0.24%
Brinker International Inc0.24%
Goldman Sachs Group Inc0.23%
Roivant Sciences Ltd0.22%
Lumentum Holdings Inc0.22%
Target Corp0.19%
Macom Technology Soln Hlds Inc0.19%
Vaxcyte Inc0.18%
Medline Inc0.18%
Nutanix Inc Class A0.17%
Monolithic Power Sys Inc0.16%
Arcelormittal Class A Spn Gdr (Ny0.15%
Agnico Eagle Mines Ltd (Usa)0.15%
Celestica Inc0.13%
Ionis Pharmaceuticals Inc0.12%

Weight gaps

All 42 Holdings in both funds, largest gap first.

Holding weights in FELG and FFLG, widest gap first
Holding	More in FELGMore in FFLG	FELG	FFLG
Alphabet Inc Class AGOOGL	FFLG +2.98 points	6.48%	9.46%
Broadcom IncAVGO	FELG +2.31 points	4.65%	2.34%
Amazon.com IncAMZN	FFLG +2.19 points	0.58%	2.77%
Alphabet Inc Class CGOOG	FELG +1.99 points	2.61%	0.62%
Tesla IncTSLA	FELG +1.56 points	3.02%	1.46%
Space Exploration Tech Corp ASPCX	FFLG +1.48 points	0.19%	1.67%
NVIDIA CorpNVDA	FFLG +0.95 points	15.60%	16.55%
Micron Technology IncMU	FELG +0.75 points	3.69%	2.94%
Advanced Micro Devices IncAMD	FFLG +0.67 points	2.28%	2.95%
Ge Vernova IncGEV	FELG +0.57 points	1.20%	0.63%
Morgan StanleyMS	FFLG +0.55 points	0.16%	0.71%
Datadog Inc Class ADDOG	FFLG +0.55 points	0.21%	0.76%
Palantir Technologies IncPLTR	FELG +0.53 points	1.02%	0.49%
Meta Platforms Inc Class AMETA	FFLG +0.52 points	3.43%	3.95%
Intel CorpINTC	FFLG +0.50 points	0.07%	0.57%
Marvell Technology IncMRVL	FFLG +0.47 points	0.13%	0.60%
Mastercard Inc Class AMA	FELG +0.45 points	1.87%	1.42%
Gilead Sciences IncGILD	FELG +0.42 points	0.56%	0.14%
Lam Research CorpLRCX	FELG +0.40 points	0.63%	0.23%
Apple IncAAPL	FELG +0.39 points	8.80%	8.41%
Microsoft CorpMSFT	FELG +0.38 points	5.40%	5.02%
Bank of America CorporationBAC	FELG +0.36 points	0.51%	0.15%
Astera Labs IncALAB	FFLG +0.35 points	0.03%	0.38%
Palo Alto Networks IncPANW	FFLG +0.34 points	0.40%	0.74%
Arista Networks IncANET	FFLG +0.31 points	0.31%	0.62%
Parker Hannifin CorpPH	FFLG +0.30 points	0.09%	0.39%
Insmed IncINSM	FFLG +0.29 points	0.00%	0.29%
Crowdstrike Holdings IncCRWD	FELG +0.26 points	0.98%	0.72%
Natera IncNTRA	FFLG +0.25 points	0.17%	0.42%
Comfort Systems Usa IncFIX	FELG +0.24 points	0.51%	0.27%
Revolution Medicines IncRVMD	FFLG +0.20 points	0.03%	0.23%
UnitedHealth Group IncUNH	FFLG +0.20 points	0.03%	0.23%
Cloudflare IncNET	FFLG +0.18 points	0.10%	0.28%
Howmet Aerospace IncHWM	FFLG +0.18 points	0.55%	0.73%
Sandisk CorporationSNDK	FFLG +0.15 points	0.84%	0.99%
Eli Lilly & CoLLY	FELG +0.13 points	3.90%	3.78%
Ross Stores IncROST	FFLG +0.08 points	0.22%	0.30%
Western Digital CorpWDC	FELG +0.08 points	0.93%	0.85%
Seagate Techn Holdings PLCSTX	FFLG +0.07 points	0.38%	0.45%
Ciena CorpCIEN	FFLG +0.06 points	0.39%	0.45%
Amphenol Corporation Class AAPH	FELG +0.05 points	0.90%	0.85%
Guardant Health IncGH	FELG +0.03 points	0.09%	0.06%

All 109 FELG holdings⁠All 102 FFLG 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.

FELG vs FFLG Cost

Overpaying FFLG vs FELG

$3,957

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

FELG 0.18%
$3,749
FFLG 0.38%
$7,706

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
FFLG 0.38%
Overpaying

Year by year

Year	FELG	FFLG	Overpaying
10	$328	$688	$360
20	$1,281	$2,658	$1,377
30	$3,749	$7,706	$3,957

Expense ratio

0.18%FELG, cheaper
0.38%FFLG

FELG0.18%FFLG0.38%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

FFLG 10th cheapest of 90 funds

FELG vs FFLG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%, better; FFLG 0.07%
Payout (12M): FELG $0.16; FFLG $0.02
Last payment: FELG $0.04; FFLG $0.01
Ex-dividend: FELG Sep 18, 2026; FFLG Sep 18, 2026
Paid on: FELG Sep 22, 2026; FFLG Sep 22, 2026
Frequency: FELG Quarterly; FFLG Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

FFLGQuarterly · 12 paymentsAll FFLG payments⁠

FELG vs FFLG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FELG 16.3%since Dec 2023FFLG 20.1%
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023FFLG 1.03
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023FFLG −44.5%
Market sensitivityBeta, 5 years: FELG 1.23FFLG 1.34; Market = 1

FELG and FFLG 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, 2026FFLG

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FELG vs FFLG

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and FFLG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in FFLG

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 FELG and FFLG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in FFLG

Weight gaps