FELG vs GUSE: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Goldman Sachs Enhanced U.S. Equity ETF

GUSEANasdaq

Overlap

47.3%by weight

Expense ratio

FELG −0.12pt a year

FELG0.18%GUSE0.30%

Avg volume · 30D

FELG 15.2×the volume

FELG379KGUSE24.9K

FELG vs GUSE Performance

Dec 31, 2025 – Oct 30, 2026

+1.6%FELG+11.8%GUSE

Expense ratio: FELG 0.18%, better; GUSE 0.30%
Fund size: FELG $5.78B; GUSE $421M
1Y total return: FELG −0.5%; GUSE No data
Yield (12M): FELG 0.37%; GUSE No data
Holdings: FELG 133; GUSE 122
Avg volume (30D): FELG 379K sh, better; GUSE 24.9K sh
NAV per share: FELG $42.20; GUSE $46.05
52W range

ETF.net Grade

Pillar letters and Scores for FELG, GUSE, with each pillar’s weight
Pillar	FELG	GUSE
Cost30% weight	A99Higher	A97
Mission25% weight	A82	Not scored
Risk15% weight	C51	A94Higher
Tradability15% weight	A85Higher	C46
Holdings10% weight	C52	A89Higher
Durability5% weight	A95Higher	A85

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and GUSE 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 ›

GUSE ranks 2nd and FELG 4th 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

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

GUSEAGoldman Sachs Enhanced U.S. Equity 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.

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

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.

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

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.

GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
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.

GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

Full FELG profile⁠

Full GUSE profile⁠

FELG vs GUSE Holdings

How FELG and GUSE differ

Overlap by weight

47.3%

Shared holdings make up 78.5% of FELG and 58.2% of GUSE.

Level by level

Holdings46 in both47.3%
Countryby domicile98.9%
Asset classEquity100%

Sector

No Sector split for GUSE.

Country, concentration and asset class

Country by domicile

Country weights in FELG and GUSE, widest gap first
Country	More in FELGMore in GUSE	FELG	GUSE
United States	FELG +1.1 points	100.0%	98.9%
Taiwan	GUSE +0.6 points	0.0%	0.6%
United Kingdom	GUSE +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
GUSE34.6%

Securities held

FELG131
GUSE121

Asset class

FELG: Equity
GUSE: Equity

Holdings

Only in FELG85
In both46
Only in GUSE75

Only in FELG

85 securities, 20.8% of FELG by weight

Texas Instruments Inc1.42%
Crowdstrike Holdings Inc0.98%
Netflix Inc0.88%
Sandisk Corporation0.84%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Fortinet Inc0.67%
Lam Research Corp0.63%
Expedia Inc0.63%
Gilead Sciences Inc0.56%
Uber Technologies Inc0.55%
Howmet Aerospace Inc0.55%
Atlassian Corp PLC Cls A0.54%
Bank of New York Mellon Corp0.53%
Ecolab Inc0.52%
Comfort Systems Usa Inc0.51%
Bristol-Myers Squibb Co0.51%
Maplebear Inc0.49%
Keysight Technologies Inc0.47%
Unity Software Inc0.47%
Cisco Systems Inc0.46%
Hubspot Inc0.45%
Ciena Corp0.39%
Seagate Techn Holdings PLC0.38%
Chime Financial Inc0.37%
Incyte Corp0.35%
Lyft Inc0.34%
Docusign Inc0.32%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
Zoom Communications Inc Class A0.27%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%
Oracle Corp0.20%
Technipfmc PLC0.19%
Oscar Health Inc - Class A0.17%
Natera Inc0.17%
Johnson Controls Internatl PLC0.16%
Kulicke & Soffa Industries Inc0.16%
Griffon Corp0.14%
Cirrus Logic Inc0.13%
Progressive Corp Ohio0.12%
Wesco International Inc0.11%
Ebay Inc0.10%
Mongodb Inc Class A0.10%
Northern Trust Corp0.09%
Guardant Health Inc0.09%
Clear Secure Inc0.09%
Parker Hannifin Corp0.09%

Only in GUSE

75 securities, 39.9% of GUSE by weight

Coca-Cola Company (The)1.81%
JPMorgan Chase & Co1.66%
Berkshire Hathaway Inc.1.61%
Conocophillips1.41%
Exxonmobil Holdings Corporation1.20%
Linde PLC1.17%
Walmart Inc1.07%
Tjx Companies Inc (New)1.02%
Agilent Technologies, Inc.1.02%
Johnson & Johnson0.93%
Vertex Pharmaceuticals Incorporated0.79%
Phillips 660.78%
The Procter & Gamble Company0.76%
Intercontinental Exchange Inc0.75%
Ameren Corporation0.73%
Starbucks Corp.0.65%
Csx Corporation0.62%
Atmos Energy Corporation0.60%
T-Mobile Us, Inc.0.60%
Taiwan Semiconductor Mfg Ads-Adr0.59%
Intl Business Machines Corp0.58%
Cadence Design Systems Inc0.57%
Allstate Corporation0.56%
American Intl Group, Inc.0.55%
Old Dominion Freight Line, Inc.0.53%
Motorola Solutions Inc0.53%
Repligen Corp0.51%
Hilton Worldwide Holdings Inc.0.50%
Coca-Cola European Partners PLC0.48%
Wintrust Financial Corporation0.47%
Cheniere Energy, Inc.0.47%
Xcel Energy Inc.0.47%
Prologis Inc0.47%
Intuit Inc0.47%
Global Payments Inc.0.46%
Edwards Lifesciences Corporation0.46%
American Homes 4 Rent Llc0.45%
Quest Diagnostics Incorporated0.44%
Blackstone Group Inc/The0.43%
Constellation Energy Corp0.42%
Dell Technologies Inc.0.41%
Msci Inc.0.41%
Steel Dynamics, Inc.0.40%
Hewlett Packard Enterprise Co0.39%
Itt Inc.0.39%
Jabil Inc0.38%
Rockwell Automation Inc0.38%
Brown & Brown, Inc.0.37%
Ulta Beauty Inc0.37%
Tko Group Holdings Inc0.34%

Weight gaps

All 46 Holdings in both funds, largest gap first.

Holding weights in FELG and GUSE, widest gap first
Holding	More in FELGMore in GUSE	FELG	GUSE
NVIDIA CorpNVDA	FELG +8.07 points	15.60%	7.53%
Alphabet Inc Class AGOOGL	FELG +3.72 points	6.48%	2.76%
Apple IncAAPL	FELG +3.67 points	8.80%	5.13%
Amazon.com IncAMZN	GUSE +3.49 points	0.58%	4.07%
Broadcom IncAVGO	FELG +2.26 points	4.65%	2.39%
Micron Technology IncMU	FELG +1.92 points	3.69%	1.77%
Eli Lilly & CoLLY	FELG +1.91 points	3.90%	2.00%
Meta Platforms Inc Class AMETA	FELG +1.29 points	3.43%	2.14%
Tesla IncTSLA	FELG +1.25 points	3.02%	1.77%
UnitedHealth Group IncUNH	GUSE +0.86 points	0.03%	0.89%
Alphabet Inc Class CGOOG	FELG +0.84 points	2.61%	1.77%
Cintas CorpCTAS	GUSE +0.75 points	0.00%	0.75%
Advanced Micro Devices IncAMD	FELG +0.71 points	2.28%	1.57%
Intel CorpINTC	GUSE +0.71 points	0.07%	0.78%
Ge AerospaceGE	FELG +0.71 points	1.44%	0.73%
Ge Vernova IncGEV	FELG +0.68 points	1.20%	0.52%
Merck & Co Inc NewMRK	GUSE +0.65 points	0.16%	0.81%
Netapp IncNTAP	GUSE +0.62 points	0.23%	0.85%
Cencora IncCOR	GUSE +0.55 points	0.07%	0.62%
Applied Materials IncAMAT	FELG +0.49 points	1.22%	0.73%
Costco Wholesale CorpCOST	GUSE +0.45 points	0.12%	0.57%
Microsoft CorpMSFT	FELG +0.43 points	5.40%	4.97%
Mastercard Inc Class AMA	FELG +0.44 points	1.87%	1.43%
Citigroup IncC	GUSE +0.43 points	0.02%	0.45%
Trane Technologies PLCTT	FELG +0.42 points	0.80%	0.38%
Visa Inc Class AV	FELG +0.40 points	1.54%	1.14%
Amphenol Corporation Class AAPH	FELG +0.40 points	0.90%	0.50%
Western Digital CorpWDC	FELG +0.39 points	0.93%	0.54%
Morgan StanleyMS	GUSE +0.34 points	0.16%	0.50%
S&P Global IncSPGI	GUSE +0.33 points	0.20%	0.53%
Home Depot IncHD	GUSE +0.34 points	0.23%	0.57%
Palo Alto Networks IncPANW	GUSE +0.32 points	0.40%	0.72%
Bank of America CorporationBAC	GUSE +0.29 points	0.51%	0.80%
Snowflake IncSNOW	FELG +0.27 points	0.55%	0.28%
Marvell Technology IncMRVL	GUSE +0.25 points	0.13%	0.38%
Caterpillar IncCAT	FELG +0.25 points	0.94%	0.69%
Schwab Charles CorpSCHW	FELG +0.20 points	0.53%	0.33%
Kla CorpKLAC	FELG +0.19 points	0.78%	0.59%
Arista Networks IncANET	GUSE +0.17 points	0.31%	0.48%
Cloudflare IncNET	GUSE +0.15 points	0.10%	0.25%
Palantir Technologies IncPLTR	FELG +0.14 points	1.02%	0.88%
Eaton Corp PLC	GUSE +0.10 points	0.34%	0.44%
Datadog Inc Class ADDOG	GUSE +0.08 points	0.21%	0.29%
Vertiv Holdings CoVRT	FELG +0.07 points	0.27%	0.20%
Rtx CorpRTX	GUSE +0.01 points	0.52%	0.53%
Space Exploration Tech Corp ASPCX	GUSE +0.01 points	0.19%	0.20%

All 109 FELG holdings⁠All 121 GUSE 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 GUSE Cost

Overpaying GUSE vs FELG

$2,400

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

FELG 0.18%
$3,749
GUSE 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
GUSE 0.30%
Overpaying

Year by year

Year	FELG	GUSE	Overpaying
10	$328	$545	$217
20	$1,281	$2,113	$832
30	$3,749	$6,149	$2,400

Expense ratio

0.18%FELG, cheaper
0.30%GUSE

FELG0.18%GUSE0.30%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

GUSE 3rd cheapest of 90 funds

FELG vs GUSE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%; GUSE No data
Payout (12M): FELG $0.16; GUSE No data
Last payment: FELG $0.04; GUSE $0.30
Ex-dividend: FELG Sep 18, 2026; GUSE Dec 23, 2025
Paid on: FELG Sep 22, 2026; GUSE Dec 30, 2025
Frequency: FELG Quarterly; GUSE Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

GUSEIrregular · 1 paymentAll GUSE payments⁠

FELG vs GUSE 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 2023GUSE No data
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023GUSE No data
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023GUSE No data
Market sensitivityBeta, 5 years: FELG 1.23GUSE 0.93; Market = 1

FELG and GUSE 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 GUSE

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and GUSE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in GUSE

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 GUSE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in GUSE

Weight gaps