FELG vs JGRO

FELGAFidelity Enhanced Large Cap Growth ETF

JGROBJPMorgan Active 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.

JGRO J.P. Morgan's stock pickers run a concentrated US growth book in ETF form: roughly 130 large- and mid-cap names chosen bottom-up, at a fee below the typical active 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.

JGRO JGRO seeks long-term capital appreciation through an actively managed, fundamental, bottom-up portfolio focused primarily on U.S. large- and mid-capitalization companies with underappreciated growth potential.

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.

• JGRO Charges 0.44% a year, under the 0.54% median for its active US growth peer group. Active management without the usual active price tag.
• No index to hug. Managers pick roughly 130 US large- and mid-cap companies they see as having underappreciated growth potential.jpmorgan.com
• Launched in 2022 and now a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
• Sits in the top quartile of its active US growth cohort on our review, one of the sturdier implementations of the idea.

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.

• JGRO A growth mandate concentrated in about 130 names moves harder in both directions than the broad market. Bumpier by design.
• Built for capital appreciation, not cash flow. Distributions come annually or semiannually.
• Cheaper active options share the shelf: JUSA at 0.12% and FELG at 0.18% stay closer to the index rather than making high-conviction picks.

Full FELG profile⁠

Full JGRO profile⁠