FELG vs FFOG: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Franklin Focused Growth ETF

FFOGBCboe

Overlap

51.5%by weight

Expense ratio

FELG −0.23pt a year

FELG0.18%FFOG0.41%

Avg volume · 30D

FELG 9.2×the volume

FELG379KFFOG41.4K

FELG vs FFOG Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG−4.9%FFOG

Expense ratio: FELG 0.18%, better; FFOG 0.41%
Fund size: FELG $5.78B; FFOG $361M
1Y total return: FELG −0.5%, better; FFOG −4.9%
Yield (12M): FELG 0.37%; FFOG No data
Holdings: FELG 133; FFOG 40
Avg volume (30D): FELG 379K sh, better; FFOG 41.4K sh
NAV per share: FELG $42.20; FFOG $46.87
52W range

ETF.net Grade

Pillar letters and Scores for FELG, FFOG, with each pillar’s weight
Pillar	FELG	FFOG
Cost30% weight	A99Higher	A77
Mission25% weight	A82	Not scored
Risk15% weight	C51Higher	D25
Tradability15% weight	A85Higher	B62
Holdings10% weight	C52	B58Higher
Durability5% weight	A95Higher	A85

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and FFOG 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 FFOG 21st 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 21BBKCGBNY Mellon Concentrated Growth ETFScore 61
Rank 21BFFOGFranklin Focused Growth ETFScore 61
Rank 21BGSGOGoldman Sachs Growth Opportunities ETFScore 61

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

FFOGBFranklin Focused 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.

FFOG Franklin's high-conviction growth sleeve: roughly 40 stocks picked with daily manager discretion, no index to copy, at a fee that undercuts most active growth rivals. Concentration is the whole point.

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.

FFOG The Fund seeks capital appreciation. It is an actively managed ETF investing predominantly in equity securities of companies the manager considers compelling growth opportunities, with daily portfolio discretion rather than an index-replication mandate.

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.

FFOG At 0.41%, it undercuts the typical fee in its active growth peer group and most funds measured against the same Russell 1000 Growth benchmark.
About 40 names, not 400. The manager backs chosen ideas with daily discretion instead of replicating an index, using Russell 1000 Growth as a yardstick.
Running since 2016 and one of the stronger implementations in a crowded field of active US growth funds.

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.

FFOG Concentration cuts both ways. With roughly 40 holdings, a single stumble lands harder here than in a broad index fund holding hundreds of stocks.
Outcomes hinge on the manager's stock calls. There's no index-replication mandate, so the portfolio can sit well away from Russell 1000 Growth in either direction.
A mid-sized, moderately traded fund, so bid-ask spreads can run wider than on the giant index growth ETFs, especially in choppy sessions.

Full FELG profile⁠

Full FFOG profile⁠

FELG vs FFOG Holdings

How FELG and FFOG differ

Overlap by weight

51.5%

Shared holdings make up 78.7% of FFOG and 64.1% of FELG.

Level by level

Holdings25 in both51.5%
Countryby domicile86.9%
Sector11 Sectors92.4%
Asset classEquity100%

Sector

Sector weights in FELG and FFOG, widest gap first
Sector	More in FELGMore in FFOG	FELG	FFOG
Consumer Discretionary	FFOG +4.5 points	6.4%	10.9%
Financials	FELG +2.8 points	5.5%	2.7%
Industrials	FELG +2.7 points	7.9%	5.2%
Health Care	FFOG +2.3 points	6.1%	8.4%
Communication	FELG +1.2 points	14.6%	13.4%
Energy	FFOG +0.7 points	0.2%	0.9%
Materials	FELG +0.5 points	0.5%	0.0%
Technology	FELG +0.2 points	58.7%	58.5%
Consumer Staples	FELG +0.1 points	0.1%	0.0%
Real Estate	FELG +0.1 points	0.1%	0.0%
Utilities	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FELG and FFOG, widest gap first
Country	More in FELGMore in FFOG	FELG	FFOG
United States	FELG +13.1 points	100.0%	86.9%
Taiwan	FFOG +4.3 points	0.0%	4.3%
Canada	FFOG +3.3 points	0.0%	3.3%
South Korea	FFOG +2.7 points	0.0%	2.7%
Netherlands	FFOG +2.3 points	0.0%	2.3%
Brazil	FFOG +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
FFOG57.2%

Securities held

FELG131
FFOG39

Asset class

FELG: Equity
FFOG: Equity

Holdings

Only in FELG106
In both25
Only in FFOG14

Only in FELG

106 securities, 35.2% of FELG by weight

Micron Technology Inc3.69%
Alphabet Inc Class C2.61%
Visa Inc Class A1.54%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Caterpillar Inc0.94%
Western Digital Corp0.93%
Netflix Inc0.88%
Trane Technologies PLC0.80%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Fortinet Inc0.67%
Expedia Inc0.63%
Gilead Sciences Inc0.56%
Uber Technologies Inc0.55%
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%
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%

Only in FFOG

14 securities, 20.6% of FFOG by weight

Taiwan Semiconductor-Sp A4.16%
Sk Hynix Inc2.61%
Asml Holding Nv-Ny Reg Sh2.21%
Celestica Inc1.86%
Bloom Energy Corp- A1.74%
Shopify Inc - Class A1.38%
Lumentum Holdings Inc1.17%
Monolithic Power Systems0.98%
Ascendis Pharma A/S0.89%
Argenx SE0.88%
Cadence Design Sys Inc0.87%
Jazz Pharmaceuticals PLC0.80%
Royalty Pharma Plc- Class A0.55%
Mercadolibre Inc0.46%

Weight gaps

All 25 Holdings in both funds, largest gap first.

Holding weights in FELG and FFOG, widest gap first
Holding	More in FELGMore in FFOG	FELG	FFOG
Amazon.com IncAMZN	FFOG +8.41 points	0.58%	8.99%
NVIDIA CorpNVDA	FELG +5.68 points	15.60%	9.92%
Apple IncAAPL	FELG +2.39 points	8.80%	6.41%
Natera IncNTRA	FFOG +2.17 points	0.17%	2.34%
Alphabet Inc Class AGOOGL	FFOG +1.94 points	6.48%	8.42%
Sandisk CorporationSNDK	FFOG +1.92 points	0.84%	2.76%
Cloudflare IncNET	FFOG +1.64 points	0.10%	1.74%
Mastercard Inc Class AMA	FFOG +1.54 points	1.87%	3.41%
Meta Platforms Inc Class AMETA	FFOG +1.48 points	3.43%	4.91%
Tesla IncTSLA	FELG +1.40 points	3.02%	1.62%
Lam Research CorpLRCX	FFOG +1.27 points	0.63%	1.90%
Kla CorpKLAC	FFOG +1.13 points	0.78%	1.91%
Guardant Health IncGH	FFOG +1.11 points	0.09%	1.20%
Eli Lilly & CoLLY	FELG +1.10 points	3.90%	2.81%
Arista Networks IncANET	FFOG +1.03 points	0.31%	1.34%
Microsoft CorpMSFT	FELG +0.96 points	5.40%	4.44%
Broadcom IncAVGO	FELG +0.94 points	4.65%	3.71%
Snowflake IncSNOW	FFOG +0.87 points	0.55%	1.42%
Quanta Svcs IncPWR	FFOG +0.85 points	0.30%	1.15%
Technipfmc PLCFTI	FFOG +0.77 points	0.19%	0.96%
Advanced Micro Devices IncAMD	FFOG +0.53 points	2.28%	2.81%
Palantir Technologies IncPLTR	FFOG +0.39 points	1.02%	1.41%
Amphenol Corporation Class AAPH	FFOG +0.19 points	0.90%	1.09%
Ge Vernova IncGEV	FELG +0.14 points	1.20%	1.06%
Crowdstrike Holdings IncCRWD	FELG +0.01 points	0.98%	0.97%

All 109 FELG holdings⁠All 37 FFOG 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 FFOG Cost

Overpaying FFOG vs FELG

$4,532

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

FELG 0.18%
$3,749
FFOG 0.41%
$8,281

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
FFOG 0.41%
Overpaying

Year by year

Year	FELG	FFOG	Overpaying
10	$328	$741	$413
20	$1,281	$2,860	$1,579
30	$3,749	$8,281	$4,532

Expense ratio

0.18%FELG, cheaper
0.41%FFOG

FELG0.18%FFOG0.41%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

FFOG 21st cheapest of 90 funds

FELG vs FFOG Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

FFOGAll FFOG payments⁠

No distribution history available.

FELG vs FFOG 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 2023FFOG 21.1%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023FFOG 0.76since Dec 2023
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023FFOG −25.4%since Nov 2023
Market sensitivityBeta, 5 years: FELG 1.23FFOG 1.48; Market = 1

FELG and FFOG 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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FELG vs FFOG

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and FFOG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in FFOG

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 FELG and FFOG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in FFOG

Weight gaps