FELG vs GROZ: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Zacks Focus Growth ETF

GROZBCboe

Overlap

64.4%by weight

Expense ratio

FELG −0.37pt a year

FELG0.18%GROZ0.55%

Avg volume · 30D

FELG 18.5×the volume

FELG368KGROZ19.9K

FELG vs GROZ Performance

Nov 7, 2025 – Nov 9, 2026

−0.2%FELG+6.7%GROZ

Expense ratio: FELG 0.18%, better; GROZ 0.55%
Fund size: FELG $5.44B; GROZ $115M
1Y total return: FELG −0.2%; GROZ +6.7%, better
Yield (12M): FELG 0.38%; GROZ No data
Holdings: FELG 137; GROZ 47
Avg volume (30D): FELG 368K sh, better; GROZ 19.9K sh
NAV per share: FELG $41.08; GROZ $30.64
52W range

ETF.net Grade

Pillar letters and Scores for FELG, GROZ, with each pillar’s weight
Pillar	FELG	GROZ
Cost30% weight	A99Higher	C47
Mission25% weight	A82	Not scored
Risk15% weight	C53	A72Higher
Tradability15% weight	A93Higher	A73
Holdings10% weight	C53	B55Higher
Durability5% weight	A95Higher	C44

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and GROZ 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 GROZ 29th 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 83
Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 82
Rank 5AGQQQAstoria US Quality Growth Kings ETFScore 77
Rank 29BFMAGFidelity Magellan ETFScore 57
Rank 29BGROZZacks Focus Growth ETFScore 57
Rank 29BIWFGNYLI Winslow Focused Large Cap Growth ETFScore 57

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

GROZBZacks Focus 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.

GROZ 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.

GROZ 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.

GROZ 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.

GROZ No data

Full FELG profile⁠

Full GROZ profile⁠

FELG vs GROZ Holdings

How FELG and GROZ differ

Overlap by weight

64.4%

Shared holdings make up 86.1% of GROZ and 72.1% of FELG.

Level by level

Holdings32 in both64.4%
Sector11 Sectors87.5%
Asset classStocks100%
Countryby domicile99.96%

Sector

Sector weights in FELG and GROZ, widest gap first
Sector	Gap	FELG	GROZ
Technology	FELG +5.4 points	56.6%	51.2%
Consumer Staples	GROZ +4.7 points	0.6%	5.3%
Health Care	GROZ +3.6 points	6.6%	10.2%
Industrials	FELG +3.5 points	8.7%	5.2%
Consumer Discretionary	GROZ +3.5 points	6.1%	9.6%
Financials	FELG +2.1 points	6.4%	4.3%
Communication	FELG +0.9 points	14.0%	13.1%
Energy	GROZ +0.8 points	0.2%	1.0%
Materials	FELG +0.6 points	0.6%	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 GROZ, widest gap first
Country	More in FELGMore in GROZ	Gap	FELG	GROZ
United States		Same weight	100.0%	100.0%
United Kingdom		Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FELG57.7%
GROZ58.5%

Securities held

FELG135
GROZ46

Asset class

FELG: Stocks
GROZ: Stocks

Holdings

Only in FELG103
In both32
Only in GROZ14

Only in FELG

103 securities, 27.4% of FELG by weight

Alphabet Inc Class C2.76%
Ge Vernova Inc1.14%
Crowdstrike Holdings Inc0.92%
Airbnb Inc Class A0.89%
Caterpillar Inc0.88%
Trane Technologies PLC0.81%
Adobe Inc0.76%
Kla Corp0.70%
Unity Software Inc0.67%
Sandisk Corporation0.63%
Uber Technologies Inc0.62%
Expedia Inc0.59%
Schwab Charles Corp0.59%
Bank of New York Mellon Corp0.57%
Gilead Sciences Inc0.56%
Bristol-Myers Squibb Co0.56%
Ecolab Inc0.55%
Bank of America Corporation0.53%
Rtx Corp0.53%
Snowflake Inc0.50%
Chime Financial Inc0.44%
Cisco Systems Inc0.43%
Vertiv Holdings Co0.42%
Comfort Systems Usa Inc0.41%
Hubspot Inc0.40%
Keysight Technologies Inc0.39%
Veralto Corp0.39%
Lyft Inc0.39%
Palo Alto Networks Inc0.36%
Incyte Corp0.35%
Eaton Corp PLC0.32%
Travere Therapeutics Inc0.32%
Starbucks Corp0.30%
Ciena Corp0.29%
Quanta Svcs Inc0.28%
Zoom Communications Inc Class A0.27%
Seagate Techn Holdings PLC0.27%
Docusign Inc0.27%
Space Exploration Tech Corp A0.25%
Maplebear Inc0.25%
Securities Lending Cf0.23%
S&P Global Inc0.22%
Johnson Controls Internatl PLC0.21%
Draftkings Holdings Inc0.21%
Technipfmc PLC0.20%
Oscar Health Inc - Class A0.19%
Merck & Co Inc New0.17%
Morgan Stanley0.17%
Veeva Sys Inc Class A0.16%
Exelixis Inc0.14%

Only in GROZ

14 securities, 14.1% of GROZ by weight

Dell Techn-C2.07%
AbbVie Inc1.78%
Cardinal Health1.72%
Emcor Group Inc1.52%
Coca-Cola Co/The1.16%
Phillips 660.96%
Marvell Technolo0.96%
Tjx Cos Inc0.76%
Walmart Inc0.70%
Monster Beverage0.58%
Twilio Inc - A0.53%
Bloom Energy C-A0.48%
Bbh Sweep Vehicle0.43%
Ati Inc0.42%

Weight gaps

All 32 Holdings in both funds, largest gap first.

Holding weights in FELG and GROZ, widest gap first
Holding	Gap	FELG	GROZ
NVIDIA CorpNVDA	FELG +6.00 points	14.81%	8.81%
Amazon.com IncAMZN	GROZ +2.81 points	0.67%	3.48%
Costco Wholesale CorpCOST	GROZ +2.67 points	0.19%	2.86%
Microsoft CorpMSFT	GROZ +2.59 points	5.88%	8.47%
Lam Research CorpLRCX	GROZ +1.31 points	0.45%	1.76%
Roku Inc Class AROKU	GROZ +1.30 points	0.08%	1.38%
Apple IncAAPL	GROZ +1.22 points	9.37%	10.59%
Cencora IncCOR	GROZ +1.16 points	0.07%	1.23%
Intuitive Surgical IncISRG	GROZ +1.01 points	0.00%	1.01%
Palantir Technologies IncPLTR	GROZ +0.96 points	0.91%	1.87%
Amphenol Corporation Class AAPH	GROZ +0.87 points	0.89%	1.76%
Meta Platforms Inc Class AMETA	GROZ +0.79 points	3.65%	4.44%
Tesla IncTSLA	GROZ +0.70 points	2.93%	3.63%
Visa Inc Class AV	GROZ +0.61 points	1.83%	2.44%
Home Depot IncHD	GROZ +0.60 points	0.26%	0.86%
Ross Stores IncROST	GROZ +0.59 points	0.23%	0.82%
Micron Technology IncMU	GROZ +0.55 points	2.98%	3.53%
Texas Instruments IncTXN	FELG +0.51 points	1.23%	0.71%
Alphabet Inc Class AGOOGL	FELG +0.51 points	6.98%	6.47%
Oracle CorpORCL	GROZ +0.36 points	0.18%	0.54%
Howmet Aerospace IncHWM	GROZ +0.36 points	0.59%	0.95%
Eli Lilly & CoLLY	GROZ +0.34 points	4.09%	4.43%
Broadcom IncAVGO	GROZ +0.32 points	4.30%	4.62%
Netflix IncNFLX	FELG +0.26 points	1.06%	0.80%
Arista Networks IncANET	GROZ +0.25 points	0.32%	0.57%
Mastercard Inc Class AMA	FELG +0.24 points	2.08%	1.84%
Ge AerospaceGE	GROZ +0.22 points	1.61%	1.83%
Fortinet IncFTNT	FELG +0.13 points	0.62%	0.49%
Advanced Micro Devices IncAMD	GROZ +0.08 points	1.90%	1.98%
Applied Materials IncAMAT	GROZ +0.07 points	0.77%	0.84%
Western Digital CorpWDC	FELG +0.06 points	0.70%	0.64%
Atlassian Corp PLC Cls ATEAM	Same weight	0.47%	0.47%

All 109 FELG holdings⁠All 45 GROZ 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 GROZ Cost

Overpaying GROZ vs FELG

$7,155

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

FELG 0.18%
$3,749
GROZ 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
GROZ 0.55%
Overpaying

Year by year

Year	FELG	GROZ	Overpaying
10	$328	$988	$660
20	$1,281	$3,790	$2,509
30	$3,749	$10,904	$7,155

Expense ratio

0.18%FELG, cheaper
0.55%GROZ

FELG0.18%GROZ0.55%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

GROZ 43rd cheapest of 90 funds

FELG vs GROZ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FELG 0.38%; GROZ No data
Payout (12M): FELG $0.16; GROZ No data
Last payment: FELG $0.04; GROZ $0.01
Ex-dividend: FELG Sep 18, 2026; GROZ Dec 29, 2025
Paid on: FELG Sep 22, 2026; GROZ Jan 2, 2026
Frequency: FELG Quarterly; GROZ Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

GROZIrregular · 1 paymentAll GROZ payments⁠

FELG vs GROZ 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 2023GROZ 16.7%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023GROZ 0.70since Jan 2025
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023GROZ −23.3%since Dec 2024
Market sensitivityBeta, 5 years: FELG 1.26GROZ 1.24; Market = 1

FELG and GROZ 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 GROZ

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and GROZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in GROZ

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 GROZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in GROZ

Weight gaps