FELG vs HYP

FELGAFidelity Enhanced Large Cap Growth ETF

HYPDGolden Eagle Dynamic Hypergrowth 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.

HYP An active US growth fund that launched in 2006, a decade before active ETFs became fashionable. Plain wrapper, in-house stock-picking model, and a fee well above the quant-run newcomers now crowding the same lane.

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.

HYP The Fund seeks capital appreciation.

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.

• HYP Launched in 2006, when active ETFs were still a curiosity. It has run a US growth book through the financial crisis, the 2010s melt-up, and the 2022 reset.
• The portfolio is the strongest part of the package: straightforward US-listed stocks inside a standard 1940 Act fund, with no offshore or partnership plumbing to decode.
• One job, stated plainly: capital appreciation from US stocks chosen by a proprietary growth model. No sector sleeves, no index to hug.

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.

• HYP The 0.85% annual fee sits above what most active US growth ETFs charge, including quant-driven peers like JUSA (0.12%) and FELG (0.18%) fishing in the same pond.
• Small asset base and thin trading. The price on screen can drift further from the portfolio's value than it would in a heavily traded peer, so the order type you use matters.
• The name sets a high bar. In practice the book has read closer to mainstream US growth than the 'hypergrowth' billing implies, and it has been a volatile ride.

Full FELG profile⁠

Full HYP profile⁠