FELG vs GQQQ: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Astoria US Quality Growth Kings ETF

GQQQANasdaq

Overlap

55.9%by weight

Expense ratio

FELG −0.17pt a year

FELG0.18%GQQQ0.35%

Avg volume · 30D

FELG 19.9×the volume

FELG379KGQQQ19K

FELG vs GQQQ Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG+13.5%GQQQ

Expense ratio: FELG 0.18%, better; GQQQ 0.35%
Fund size: FELG $5.78B; GQQQ $167M
1Y total return: FELG −0.5%; GQQQ +13.5%, better
Yield (12M): FELG 0.37%; GQQQ 0.41%, better
Holdings: FELG 133; GQQQ 102
Avg volume (30D): FELG 379K sh, better; GQQQ 19K sh
NAV per share: FELG $42.20; GQQQ $34.37
52W range

ETF.net Grade

Pillar letters and Scores for FELG, GQQQ, with each pillar’s weight
Pillar	FELG	GQQQ
Cost30% weight	A99Higher	A93
Mission25% weight	A82	Not scored
Risk15% weight	C51	A78Higher
Tradability15% weight	A85Higher	C54
Holdings10% weight	C52	A80Higher
Durability5% weight	A95Higher	C46

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and GQQQ 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 GQQQ 5th 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 6AREGSColumbia Large Cap Growth ETFScore 75

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

GQQQAAstoria US Quality Growth Kings 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.

GQQQ No data

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.

GQQQ No data

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.

GQQQ No data

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.

GQQQ No data

Full FELG profile⁠

Full GQQQ profile⁠

FELG vs GQQQ Holdings

How FELG and GQQQ differ

Overlap by weight

55.9%

Shared holdings make up 78.6% of FELG and 69.7% of GQQQ.

Level by level

Holdings45 in both55.9%
Sector11 Sectors83.4%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in FELG and GQQQ, widest gap first
Sector	More in FELGMore in GQQQ	FELG	GQQQ
Technology	FELG +10.4 points	58.7%	48.3%
Consumer Staples	GQQQ +5.8 points	0.1%	5.9%
Consumer Discretionary	GQQQ +3.7 points	6.4%	10.1%
Communication	FELG +3.4 points	14.6%	11.2%
Industrials	FELG +2.8 points	7.9%	5.1%
Energy	GQQQ +1.7 points	0.2%	1.9%
Health Care	GQQQ +1.6 points	6.1%	7.7%
Utilities	GQQQ +1.6 points	0.0%	1.6%
Real Estate	GQQQ +0.9 points	0.1%	1.0%
Materials	GQQQ +0.7 points	0.5%	1.2%
Financials	GQQQ +0.5 points	5.5%	6.0%

Country, concentration and asset class

Country by domicile

Country weights in FELG and GQQQ, widest gap first
Country	More in FELGMore in GQQQ	FELG	GQQQ
United States	FELG +0.6 points	100.0%	99.4%
Other countries (2)	GQQQ +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
GQQQ43.5%

Securities held

FELG131
GQQQ102

Asset class

FELG: Equity
GQQQ: Equity

Holdings

Only in FELG86
In both45
Only in GQQQ57

Only in FELG

86 securities, 20.7% of FELG by weight

Mastercard Inc Class A1.87%
Ge Aerospace1.44%
Crowdstrike Holdings Inc0.98%
Trane Technologies PLC0.80%
Airbnb Inc Class A0.75%
Snowflake Inc0.55%
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%
Bristol-Myers Squibb Co0.51%
Bank of America Corporation0.51%
Maplebear Inc0.49%
Keysight Technologies Inc0.47%
Unity Software Inc0.47%
Hubspot Inc0.45%
Palo Alto Networks Inc0.40%
Ciena Corp0.39%
Chime Financial Inc0.37%
Eaton Corp PLC0.34%
Lyft Inc0.34%
Docusign Inc0.32%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
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%
S&P Global Inc0.20%
Oscar Health Inc - Class A0.17%
Natera Inc0.17%
Morgan Stanley0.16%
Merck & Co Inc New0.16%
Johnson Controls Internatl PLC0.16%
Kulicke & Soffa Industries Inc0.16%
Griffon Corp0.14%
Marvell Technology Inc0.13%
Cirrus Logic Inc0.13%
Progressive Corp Ohio0.12%
Wesco International Inc0.11%
Ebay Inc0.10%
Cloudflare Inc0.10%
Mongodb Inc Class A0.10%
Northern Trust Corp0.09%

Only in GQQQ

57 securities, 30.4% of GQQQ by weight

Walmart Inc1.81%
ExxonMobil Holdings Corp1.20%
JPMorgan Chase & Co.1.16%
Berkshire Hathaway Inc1.08%
Allstate Corp/The0.99%
Philip Morris International Inc0.98%
Amgen Inc0.97%
Coca-Cola Co/The0.89%
Halozyme Therapeutics Inc0.82%
Lockheed Martin Corp0.77%
TJX Cos Inc/The0.75%
Tenet Healthcare Corp0.74%
Interactive Brokers Group Inc0.71%
O’Reilly Automotive Inc0.68%
Ameriprise Financial Inc0.68%
Salesforce Inc0.66%
ConocoPhillips0.62%
Popular Inc0.61%
QUALCOMM Inc0.61%
Altria Group Inc0.60%
Ralph Lauren Corp0.58%
ResMed Inc0.57%
NextEra Energy Inc0.53%
AT&T Inc0.50%
Linde PLC0.50%
Lamar Advertising Co0.50%
Jones Lang LaSalle Inc0.48%
Globus Medical Inc0.46%
Newmont Corp0.42%
Ulta Beauty Inc0.40%
Monolithic Power Systems Inc0.37%
ATI Inc0.37%
Crown Holdings Inc0.35%
Paycom Software Inc0.35%
Credo Technology Group Holding Ltd0.34%
Omnicom Group Inc0.34%
Universal Health Services Inc0.34%
Dollar Tree Inc0.34%
Garmin Ltd0.33%
Cummins Inc0.32%
NRG Energy Inc0.32%
Mueller Industries Inc0.32%
EMCOR Group Inc0.32%
Colgate-Palmolive Co0.31%
Anglogold Ashanti Plc0.30%
Allison Transmission Holdings Inc0.29%
Constellation Energy Corp0.29%
Lumentum Holdings Inc0.29%
Domino’s Pizza Inc0.28%
NU Holdings Ltd/Cayman Islands0.28%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in FELG and GQQQ, widest gap first
Holding	More in FELGMore in GQQQ	FELG	GQQQ
NVIDIA CorpNVDA	FELG +7.56 points	15.60%	8.04%
Alphabet Inc Class AGOOGL	FELG +3.52 points	6.48%	2.96%
Amazon.com IncAMZN	GQQQ +3.49 points	0.58%	4.07%
Eli Lilly & CoLLY	FELG +2.66 points	3.90%	1.25%
Broadcom IncAVGO	FELG +1.66 points	4.65%	2.99%
Costco Wholesale CorpCOST	GQQQ +1.30 points	0.12%	1.42%
Intel CorpINTC	GQQQ +0.95 points	0.07%	1.02%
Meta Platforms Inc Class AMETA	FELG +0.90 points	3.43%	2.53%
Texas Instruments IncTXN	FELG +0.85 points	1.42%	0.57%
Cisco Systems IncCSCO	GQQQ +0.83 points	0.46%	1.29%
Visa Inc Class AV	FELG +0.77 points	1.54%	0.77%
Microsoft CorpMSFT	GQQQ +0.77 points	5.40%	6.17%
Exelixis IncEXEL	GQQQ +0.73 points	0.01%	0.74%
Micron Technology IncMU	FELG +0.64 points	3.69%	3.05%
Pepsico IncPEP	GQQQ +0.62 points	0.00%	0.62%
The Booking Holdings IncBKNG	GQQQ +0.56 points	0.08%	0.64%
Tesla IncTSLA	FELG +0.56 points	3.02%	2.46%
Space Exploration Tech Corp ASPCX	GQQQ +0.55 points	0.19%	0.74%
Cencora IncCOR	GQQQ +0.53 points	0.07%	0.60%
Western Digital CorpWDC	FELG +0.52 points	0.93%	0.41%
Ge Vernova IncGEV	FELG +0.48 points	1.20%	0.72%
Lam Research CorpLRCX	GQQQ +0.45 points	0.63%	1.08%
Intuitive Surgical IncISRG	GQQQ +0.45 points	0.00%	0.45%
Alphabet Inc Class CGOOG	FELG +0.44 points	2.61%	2.17%
Vistra CorpVST	GQQQ +0.41 points	0.04%	0.45%
Palantir Technologies IncPLTR	GQQQ +0.40 points	1.02%	1.42%
Advanced Micro Devices IncAMD	GQQQ +0.39 points	2.28%	2.67%
Incyte CorpINCY	GQQQ +0.39 points	0.35%	0.74%
Adobe IncADBE	FELG +0.32 points	0.76%	0.44%
Arista Networks IncANET	GQQQ +0.29 points	0.31%	0.60%
Sandisk CorporationSNDK	FELG +0.28 points	0.84%	0.56%
Expedia IncEXPE	FELG +0.27 points	0.63%	0.36%
Caterpillar IncCAT	FELG +0.27 points	0.94%	0.67%
Vertiv Holdings CoVRT	GQQQ +0.26 points	0.27%	0.53%
Comfort Systems Usa IncFIX	FELG +0.25 points	0.51%	0.26%
Amphenol Corporation Class AAPH	FELG +0.22 points	0.90%	0.68%
Technipfmc PLCFTI	GQQQ +0.20 points	0.19%	0.39%
Apple IncAAPL	FELG +0.19 points	8.80%	8.61%
Kla CorpKLAC	FELG +0.16 points	0.78%	0.62%
Applied Materials IncAMAT	FELG +0.11 points	1.22%	1.11%
Oracle CorpORCL	GQQQ +0.10 points	0.20%	0.30%
Fortinet IncFTNT	FELG +0.07 points	0.67%	0.60%
Seagate Techn Holdings PLCSTX	GQQQ +0.06 points	0.38%	0.44%
Gilead Sciences IncGILD	GQQQ +0.04 points	0.56%	0.60%
Netflix IncNFLX	FELG +0.02 points	0.88%	0.86%

All 109 FELG holdings⁠All GQQQ 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 GQQQ Cost

Overpaying GQQQ vs FELG

$3,377

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

FELG 0.18%
$3,749
GQQQ 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
GQQQ 0.35%
Overpaying

Year by year

Year	FELG	GQQQ	Overpaying
10	$328	$634	$306
20	$1,281	$2,454	$1,173
30	$3,749	$7,126	$3,377

Expense ratio

0.18%FELG, cheaper
0.35%GQQQ

FELG0.18%GQQQ0.35%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

GQQQ 5th cheapest of 90 funds

FELG vs GQQQ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%; GQQQ 0.41%, better
Payout (12M): FELG $0.16; GQQQ $0.14
Last payment: FELG $0.04; GQQQ $0.03
Ex-dividend: FELG Sep 18, 2026; GQQQ Sep 28, 2026
Paid on: FELG Sep 22, 2026; GQQQ Sep 30, 2026
Frequency: FELG Quarterly; GQQQ Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

GQQQQuarterly · 8 paymentsAll GQQQ payments⁠

FELG vs GQQQ 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 2023GQQQ 17.6%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023GQQQ 0.81since Nov 2024
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023GQQQ −22.4%since Oct 2024
Market sensitivityBeta, 5 years: FELG 1.23GQQQ 1.28; Market = 1

FELG and GQQQ 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 GQQQ

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and GQQQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in GQQQ

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 GQQQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in GQQQ

Weight gaps