FELG vs HIAI: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Ai Funds High Conviction US Equity AI-Managed ETF

HIAI—Cboe

Overlap

20.3%by weight

Expense ratio

FELG −0.69pt a year

FELG0.18%HIAI0.87%

Avg volume · 30D

FELG 11.7×the volume

FELG379KHIAI32.3K

FELG vs HIAI Performance

Sep 30, 2026 – Oct 30, 2026

−6.3%FELG−1.0%HIAI

Expense ratio: FELG 0.18%, better; HIAI 0.87%
Fund size: FELG $5.78B; HIAI $21M
1Y total return: FELG −0.5%; HIAI No data
Yield (12M): FELG 0.37%; HIAI No data
Holdings: FELG 133; HIAI 48
Avg volume (30D): FELG 379K sh, better; HIAI 32.3K sh
NAV per share: FELG $42.20; HIAI $25.39
52W range

ETF.net Grade

—HIAINot yet graded

Pillar letters and Scores for FELG, HIAI, with each pillar’s weight
Pillar	FELG	HIAI
Cost30% weight	A99	Not scored
Mission25% weight	A82	Not scored
Risk15% weight	C51	Not scored
Tradability15% weight	A85	Not scored
Holdings10% weight	C52	Not scored
Durability5% weight	A95	Not scored

Rank among US Active Growth funds

How we build Categories ›

US Active Growth⁠

Category · 90 funds

See all 90 ›

FELG ranks 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
HIAINot yet graded

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

HIAI—Ai Funds High Conviction US Equity AI-Managed 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.

HIAI 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.

HIAI 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.

HIAI 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.

HIAI No data

Full FELG profile⁠

Full HIAI profile⁠

FELG vs HIAI Holdings

How FELG and HIAI differ

Overlap by weight

20.3%

Shared holdings make up 34.0% of HIAI and 33.1% of FELG.

Level by level

Holdings17 in both20.3%
Sector11 Sectors71.5%
Countryby domicile90.8%
Asset classEquity100%

Sector

Sector weights in FELG and HIAI, widest gap first
Sector	More in FELGMore in HIAI	FELG	HIAI
Technology	FELG +19.9 points	58.7%	38.8%
Consumer Discretionary	HIAI +9.3 points	6.4%	15.7%
Health Care	HIAI +9.2 points	6.1%	15.3%
Consumer Staples	HIAI +5.9 points	0.1%	6.0%
Communication	FELG +5.2 points	14.6%	9.4%
Energy	HIAI +3.7 points	0.2%	3.9%
Industrials	FELG +2.9 points	7.9%	5.0%
Financials	FELG +0.4 points	5.5%	5.1%
Materials	HIAI +0.3 points	0.5%	0.8%
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 HIAI, widest gap first
Country	More in FELGMore in HIAI	FELG	HIAI
United States	FELG +9.2 points	100.0%	90.8%
Taiwan	HIAI +3.4 points	0.0%	3.4%
Israel	HIAI +2.7 points	0.0%	2.7%
Brazil	HIAI +1.7 points	0.0%	1.7%
Peru	HIAI +1.4 points	0.0%	1.4%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
HIAI48.3%

Securities held

FELG131
HIAI47

Asset class

FELG: Equity
HIAI: Equity

Holdings

Only in FELG114
In both17
Only in HIAI30

Only in FELG

114 securities, 66.2% of FELG by weight

NVIDIA Corp15.60%
Broadcom Inc4.65%
Eli Lilly & Co3.90%
Tesla Inc3.02%
Alphabet Inc Class C2.61%
Mastercard Inc Class A1.87%
Visa Inc Class A1.54%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Ge Vernova Inc1.20%
Palantir Technologies Inc1.02%
Crowdstrike Holdings Inc0.98%
Caterpillar Inc0.94%
Western Digital Corp0.93%
Amphenol Corporation Class A0.90%
Netflix Inc0.88%
Sandisk Corporation0.84%
Trane Technologies PLC0.80%
Kla Corp0.78%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Lam Research Corp0.63%
Expedia Inc0.63%
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%
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%
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%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%

Only in HIAI

30 securities, 65.8% of HIAI by weight

Cheesecake Factory Inc/The6.90%
Cboe Global Markets Inc5.75%
Marathon Petroleum Corp5.63%
Coca-Cola Co/The3.93%
Hewlett Packard Enterprise Co3.39%
Altria Group Inc3.20%
US Foods Holding Corp3.11%
Manhattan Associates Inc2.91%
Motorola Solutions Inc2.88%
Halozyme Therapeutics Inc2.61%
Elbit Systems Ltd2.56%
Petroleo Brasileiro SA - Petrobras2.49%
ASE Technology Holding Co Ltd2.43%
Urban Outfitters Inc2.09%
F5 Inc1.91%
Twist Bioscience Corp1.90%
Frontline PLC1.60%
Philip Morris International Inc1.37%
Dell Technologies Inc1.20%
West Pharmaceutical Services Inc1.07%
Johnson & Johnson0.90%
Liquidia Corp0.88%
Tenet Healthcare Corp0.83%
Life Time Group Holdings Inc0.79%
Lantheus Holdings Inc0.73%
Cardinal Health Inc0.71%
Millicom International Cellular SA0.60%
Moderna Inc0.57%
Murphy USA Inc0.50%
Lumentum Holdings Inc0.39%

Weight gaps

All 17 Holdings in both funds, largest gap first.

Holding weights in FELG and HIAI, widest gap first
Holding	More in FELGMore in HIAI	FELG	HIAI
Alphabet Inc Class AGOOGL	FELG +5.17 points	6.48%	1.31%
Meta Platforms Inc Class AMETA	FELG +2.85 points	3.43%	0.58%
Revolution Medicines IncRVMD	HIAI +2.21 points	0.03%	2.24%
Exelixis IncEXEL	HIAI +1.94 points	0.01%	1.95%
Micron Technology IncMU	FELG +1.82 points	3.69%	1.87%
Advanced Micro Devices IncAMD	FELG +1.81 points	2.28%	0.47%
Gilead Sciences IncGILD	HIAI +1.48 points	0.56%	2.04%
Amazon.com IncAMZN	HIAI +1.45 points	0.58%	2.03%
Fortinet IncFTNT	HIAI +1.41 points	0.67%	2.08%
Apple IncAAPL	FELG +1.20 points	8.80%	7.60%
Ebay IncEBAY	HIAI +1.04 points	0.10%	1.14%
Coca Cola Consolidated IncCOKE	HIAI +0.94 points	0.00%	0.94%
Arista Networks IncANET	HIAI +0.92 points	0.31%	1.23%
Palo Alto Networks IncPANW	HIAI +0.80 points	0.40%	1.20%
Merck & Co Inc NewMRK	HIAI +0.65 points	0.16%	0.81%
Microsoft CorpMSFT	HIAI +0.48 points	5.40%	5.88%
Ross Stores IncROST	HIAI +0.42 points	0.22%	0.64%

All 109 FELG holdings⁠All 48 HIAI 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 HIAI Cost

Overpaying HIAI vs FELG

$12,787

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

FELG 0.18%
$3,749
HIAI 0.87%
$16,536

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
HIAI 0.87%
Overpaying

Year by year

Year	FELG	HIAI	Overpaying
10	$328	$1,542	$1,214
20	$1,281	$5,830	$4,549
30	$3,749	$16,536	$12,787

Expense ratio

0.18%FELG, cheaper
0.87%HIAI

FELG0.18%HIAI0.87%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

HIAI 86th cheapest of 90 funds

FELG vs HIAI Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

HIAIAll HIAI payments⁠

No distribution history available.

FELG vs HIAI 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 2023HIAI No data
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023HIAI No data
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023HIAI No data
Market sensitivityBeta, 5 years: FELG 1.23HIAI 0.00; Market = 1

FELG and HIAI in the news

All news⁠

ETF Filings
Defiance files AI index funds that may also buy private companies outside the index
Oct 30, 2026HIAI
ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026FELG
ETF Filings
SWP files for a 21-stock AI-selected equity ETF
Sep 25, 2026HIAI

Popular comparisons

FELGAvsJUSAA
Fidelity Enhanced Large Cap Growth ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.18% · 0.18%
Category
HIAI—vsJUSAA
Ai Funds High Conviction US Equity AI-Managed ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.87% · 0.18%
Category
FELGAvsGUSEA
Fidelity Enhanced Large Cap Growth ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.18% · 0.30%
Category
HIAI—vsGUSEA
Ai Funds High Conviction US Equity AI-Managed ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.87% · 0.30%
Category
FELGAvsLRGCA
Fidelity Enhanced Large Cap Growth ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.18% · 0.39%
Category
HIAI—vsLRGCA
Ai Funds High Conviction US Equity AI-Managed ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.87% · 0.39%
Category

FELG vs HIAI

In short

Stated mandate

Why people hold it