FELG vs JUSA: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

JPMorgan U.S. Research Enhanced Large Cap ETF

JUSAANYSE Arca

Overlap

50.3%by weight

Expense ratio

FELG0.18%JUSA0.18%

Avg volume · 30D

FELG 3.8×the volume

FELG379KJUSA98.8K

FELG vs JUSA Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG+10.8%JUSA

Expense ratio: FELG 0.18%; JUSA 0.18%
Fund size: FELG $5.78B; JUSA $745M
1Y total return: FELG −0.5%; JUSA +10.8%, better
Yield (12M): FELG 0.37%; JUSA 0.72%, better
Holdings: FELG 133; JUSA 263
Avg volume (30D): FELG 379K sh, better; JUSA 98.8K sh
NAV per share: FELG $42.20; JUSA $67.75
52W range

ETF.net Grade

Pillar letters and Scores for FELG, JUSA, with each pillar’s weight
Pillar	FELG	JUSA
Cost30% weight	A99	A99
Mission25% weight	A82	A84Higher
Risk15% weight	C51	A92Higher
Tradability15% weight	A85Higher	B58
Holdings10% weight	C52	A84Higher
Durability5% weight	A95Higher	A76

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and JUSA 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 ›

JUSA ranks 1st 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

JUSAAJPMorgan U.S. Research Enhanced Large Cap 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.

JUSA Active stock picking in index clothing: J.P. Morgan analysts tilt roughly 300 large caps while sector weights and risk stay close to the S&P 500, for 0.18% a year with no waiver attached.

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.

JUSA The fund seeks capital appreciation through active, fundamental, bottom-up selection of large-cap U.S. equities. It targets companies with strong long-term earnings potential and attractive valuations relative to peers.

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.

JUSA 0.18% a year with no waiver propping it up, below its category median. GUSE charges 0.30% and LRGC 0.39% for similar enhanced-index work; FELG ties it at 0.18%.
Active where it counts, plain where it doesn't: bottom-up stock picks across roughly 300 large caps, with sector mix and risk profile kept close to the S&P 500.jpmorgan.com
Stands among the strongest implementations in a 90-fund peer group of active large-cap funds, helped by a low fee and tightly managed risk.

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.

JUSA Launched in March 2025, so there is only a short live record on this ticker to judge.
Moderately traded rather than a volume monster, so spreads can run wider than the giant index funds', especially in fast markets.
Tracking the S&P 500's sector weights limits how far results can stray from the benchmark in either direction. This is a nudge on the index, not a different bet.jpmorgan.com

Full FELG profile⁠

Full JUSA profile⁠

FELG vs JUSA Holdings

How FELG and JUSA differ

Overlap by weight

50.3%

Shared holdings make up 87.7% of FELG and 60.6% of JUSA.

Level by level

Holdings67 in both50.3%
Sector11 Sectors76.8%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in FELG and JUSA, widest gap first
Sector	More in FELGMore in JUSA	FELG	JUSA
Technology	FELG +18.0 points	58.7%	40.7%
Financials	JUSA +5.6 points	5.5%	11.1%
Communication	FELG +4.6 points	14.6%	10.0%
Consumer Staples	JUSA +3.5 points	0.1%	3.6%
Consumer Discretionary	JUSA +3.4 points	6.4%	9.8%
Energy	JUSA +3.1 points	0.2%	3.3%
Health Care	JUSA +2.9 points	6.1%	9.0%
Utilities	JUSA +1.9 points	0.0%	1.9%
Real Estate	JUSA +1.6 points	0.1%	1.7%
Materials	JUSA +1.1 points	0.5%	1.6%
Industrials	FELG +0.6 points	7.9%	7.3%

Country, concentration and asset class

Country by domicile

Country weights in FELG and JUSA, widest gap first
Country	More in FELGMore in JUSA	FELG	JUSA
United States	FELG +0.1 points	100.0%	99.9%
Switzerland	JUSA +0.1 points	0.0%	0.1%
China	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
JUSA37.8%

Securities held

FELG131
JUSA261

Asset class

FELG: Equity
JUSA: Equity

Holdings

Only in FELG64
In both67
Only in JUSA194

Only in FELG

64 securities, 11.6% of FELG by weight

Trane Technologies PLC0.80%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Gilead Sciences Inc0.56%
Atlassian Corp PLC Cls A0.54%
Bank of New York Mellon Corp0.53%
Maplebear Inc0.49%
Keysight Technologies Inc0.47%
Unity Software Inc0.47%
Hubspot Inc0.45%
Chime Financial Inc0.37%
Incyte Corp0.35%
Eaton Corp PLC0.34%
Lyft Inc0.34%
Docusign Inc0.32%
Veralto Corp0.30%
Travere Therapeutics Inc0.30%
Zoom Communications Inc Class A0.27%
Netapp Inc0.23%
Draftkings Holdings Inc0.22%
Space Exploration Tech Corp A0.19%
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%
Wesco International Inc0.11%
Ebay Inc0.10%
Cloudflare Inc0.10%
Mongodb Inc Class A0.10%
Northern Trust Corp0.09%
Guardant Health Inc0.09%
Clear Secure Inc0.09%
Navan Inc A0.09%
Tradeweb Markets Inc A0.08%
Applied Industrial Tech Inc0.08%
Roku Inc Class A0.07%
Rivian Automotive Inc0.06%
Ust Bills 0% 12/24/260.05%
Vistra Corp0.04%
Outfront Media Inc0.04%
Astera Labs Inc0.03%
Anglogold Ashanti PLC0.03%
Securities Lending Cf0.03%
Openlane Inc0.03%
Revolution Medicines Inc0.03%
Veeva Sys Inc Class A0.02%
Rocket Lab Corp0.02%

Only in JUSA

194 securities, 39.2% of JUSA by weight

Exxonmobil Holdings Corp1.45%
Berkshire Hathaway Inc1.35%
Johnson & Johnson Common1.32%
AbbVie Inc Common Stock1.15%
JPMorgan Prime Money0.95%
Wells Fargo & Co Common0.77%
Philip Morris0.75%
Conocophillips Common0.69%
Lowe's Cos Inc Common0.65%
Nextera Energy Inc0.64%
3M Co Common Stock USD0.62%
Eog Resources Inc Common0.60%
Us Bancorp Common Stock0.59%
Trane Technologies PLC0.57%
The Southern Company0.55%
Walmart Inc Common Stock0.52%
Accenture PLC Common0.48%
AT&T Inc Common Stock USD0.48%
Mcdonald's Corp Common0.47%
Mondelez International0.47%
Aon PLC Common Stock USD0.45%
Thermo Fisher Scientific0.45%
Regeneron Pharmaceuticals0.44%
Equinix Inc Reit USD0.42%
The Walt Disney Company0.42%
Fifth Third Bancorp0.41%
Keurig Dr Pepper Inc0.41%
Arthur J Gallagher & Co0.40%
Stryker Corp Common Stock0.39%
Eaton Corp PLC Common0.39%
Capital One Financial0.39%
Nxp Semiconductors NV0.38%
Vertex Pharmaceuticals0.36%
Chipotle Mexican Grill0.36%
Sempra Common Stock USD0.35%
Cummins Inc Common Stock0.35%
Medtronic PLC Common0.34%
Ventas Inc Reit USD 0.250.33%
Autozone Inc Common Stock0.33%
Entergy Corp Common Stock0.33%
General Dynamics Corp0.31%
Edwards Lifesciences0.30%
Fedex Corp Common Stock0.29%
Corpay Inc0.28%
Cme Group Inc Common0.28%
Yum Brands Inc Common0.28%
Union Pacific Corp0.28%
Cigna Group/The Common0.27%
Deere & Co Common Stock0.26%
Diamondback Energy Inc0.24%

Weight gaps

All 67 Holdings in both funds, largest gap first.

Holding weights in FELG and JUSA, widest gap first
Holding	More in FELGMore in JUSA	FELG	JUSA
NVIDIA CorpNVDA	FELG +7.74 points	15.60%	7.86%
Alphabet Inc Class AGOOGL	FELG +3.95 points	6.48%	2.53%
Amazon.com IncAMZN	JUSA +3.37 points	0.58%	3.95%
Eli Lilly & CoLLY	FELG +2.37 points	3.90%	1.54%
Micron Technology IncMU	FELG +2.12 points	3.69%	1.57%
Broadcom IncAVGO	FELG +2.11 points	4.65%	2.54%
Tesla IncTSLA	FELG +1.60 points	3.02%	1.42%
Apple IncAAPL	FELG +1.49 points	8.80%	7.31%
Ge AerospaceGE	FELG +1.31 points	1.44%	0.13%
Meta Platforms Inc Class AMETA	FELG +1.27 points	3.43%	2.16%
Advanced Micro Devices IncAMD	FELG +1.06 points	2.28%	1.22%
Microsoft CorpMSFT	JUSA +0.96 points	5.40%	6.36%
Ge Vernova IncGEV	FELG +0.92 points	1.20%	0.28%
Texas Instruments IncTXN	FELG +0.92 points	1.42%	0.50%
Caterpillar IncCAT	FELG +0.78 points	0.94%	0.16%
Applied Materials IncAMAT	FELG +0.76 points	1.22%	0.46%
Alphabet Inc Class CGOOG	FELG +0.68 points	2.61%	1.93%
Citigroup IncC	JUSA +0.68 points	0.02%	0.70%
Kla CorpKLAC	FELG +0.67 points	0.78%	0.11%
UnitedHealth Group IncUNH	JUSA +0.64 points	0.03%	0.67%
Pepsico IncPEP	JUSA +0.64 points	0.00%	0.64%
Crowdstrike Holdings IncCRWD	FELG +0.62 points	0.98%	0.36%
Sandisk CorporationSNDK	FELG +0.62 points	0.84%	0.22%
Mastercard Inc Class AMA	FELG +0.60 points	1.87%	1.27%
Western Digital CorpWDC	FELG +0.53 points	0.93%	0.40%
Expedia IncEXPE	FELG +0.52 points	0.63%	0.11%
Uber Technologies IncUBER	FELG +0.50 points	0.55%	0.05%
Netflix IncNFLX	FELG +0.49 points	0.88%	0.39%
Costco Wholesale CorpCOST	JUSA +0.49 points	0.12%	0.61%
Fortinet IncFTNT	FELG +0.49 points	0.67%	0.18%
Palantir Technologies IncPLTR	FELG +0.45 points	1.02%	0.57%
Comfort Systems Usa IncFIX	FELG +0.43 points	0.51%	0.08%
Rtx CorpRTX	JUSA +0.41 points	0.52%	0.93%
Snowflake IncSNOW	FELG +0.41 points	0.55%	0.14%
Intel CorpINTC	JUSA +0.39 points	0.07%	0.46%
Visa Inc Class AV	FELG +0.36 points	1.54%	1.18%
Amphenol Corporation Class AAPH	FELG +0.35 points	0.90%	0.55%
The Booking Holdings IncBKNG	JUSA +0.34 points	0.08%	0.42%
Ciena CorpCIEN	FELG +0.32 points	0.39%	0.07%
American Express CoAXP	JUSA +0.31 points	0.00%	0.31%
Morgan StanleyMS	JUSA +0.27 points	0.16%	0.43%
Intuitive Surgical IncISRG	JUSA +0.26 points	0.00%	0.26%
American Tower CorpAMT	JUSA +0.26 points	0.02%	0.28%
Cisco Systems IncCSCO	FELG +0.24 points	0.46%	0.22%
Progressive Corp OhioPGR	JUSA +0.22 points	0.12%	0.34%
Lam Research CorpLRCX	JUSA +0.21 points	0.63%	0.84%
Home Depot IncHD	FELG +0.16 points	0.23%	0.07%
Servicenow IncNOW	JUSA +0.15 points	<0.01%	0.16%
Bank of America CorporationBAC	JUSA +0.15 points	0.51%	0.66%
Quanta Svcs IncPWR	FELG +0.15 points	0.30%	0.15%
Neurocrine Biosciences IncNBIX	JUSA +0.11 points	<0.01%	0.12%
Ecolab IncECL	FELG +0.11 points	0.52%	0.41%
Ross Stores IncROST	JUSA +0.10 points	0.22%	0.32%
Palo Alto Networks IncPANW	FELG +0.09 points	0.40%	0.31%
Datadog Inc Class ADDOG	FELG +0.08 points	0.21%	0.13%
Howmet Aerospace IncHWM	FELG +0.09 points	0.55%	0.46%
Oracle CorpORCL	JUSA +0.07 points	0.20%	0.27%
Marvell Technology IncMRVL	JUSA +0.07 points	0.13%	0.20%
Seagate Techn Holdings PLCSTX	JUSA +0.07 points	0.38%	0.45%
Vertiv Holdings CoVRT	JUSA +0.07 points	0.27%	0.34%
Arista Networks IncANET	FELG +0.04 points	0.31%	0.27%
Schwab Charles CorpSCHW	JUSA +0.03 points	0.53%	0.56%
Merck & Co Inc NewMRK	JUSA +0.02 points	0.16%	0.18%
S&P Global IncSPGI	JUSA +0.01 points	0.20%	0.21%
Parker Hannifin CorpPH	FELG +0.02 points	0.09%	0.07%
Bristol-Myers Squibb CoBMY	FELG +0.01 points	0.51%	0.50%
Cencora IncCOR	FELG +0.01 points	0.07%	0.06%

All 109 FELG holdings⁠All 261 JUSA 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 JUSA Cost

Same expense ratio

$3,749

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

FELG 0.18%
$3,749
JUSA 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
JUSA 0.18%

Year by year

Year	FELG	JUSA
10	$328	$328
20	$1,281	$1,281
30	$3,749	$3,749

Expense ratio

0.18%FELG
0.18%JUSA

FELG0.18%JUSA0.18%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

JUSA cheapest of 90 funds

FELG vs JUSA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%; JUSA 0.72%, better
Payout (12M): FELG $0.16; JUSA $0.49
Last payment: FELG $0.04; JUSA $0.13
Ex-dividend: FELG Sep 18, 2026; JUSA Sep 22, 2026
Paid on: FELG Sep 22, 2026; JUSA Sep 24, 2026
Frequency: FELG Quarterly; JUSA Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

JUSAQuarterly · 6 paymentsAll JUSA payments⁠

FELG vs JUSA 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 2023JUSA 11.6%since Apr 2025
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023JUSA 1.41since Apr 2025
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023JUSA −14.0%since Mar 2025
Market sensitivityBeta, 5 years: FELG 1.23JUSA 0.98; Market = 1

FELG and JUSA in the news

All news⁠

New ETFs
YieldMax lists an SK hynix options ETF that does not own the shares
Oct 28, 2026JUSA
ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026FELG
ETF Filings
JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL
Sep 4, 2026JUSA

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FELG vs JUSA

In short

Stated mandate

Why people hold it