FELG vs LRGE: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

ClearBridge Large Cap Growth Select ETF

LRGEBNasdaq

Overlap

43.6%by weight

Expense ratio

FELG −0.30pt a year

FELG0.18%LRGE0.48%

Avg volume · 30D

FELG 24.9×the volume

FELG379KLRGE15.2K

FELG vs LRGE Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG−0.7%LRGE

Expense ratio: FELG 0.18%, better; LRGE 0.48%
Fund size: FELG $5.78B; LRGE $364M
1Y total return: FELG −0.5%, better; LRGE −0.7%
Yield (12M): FELG 0.37%, better; LRGE 0.12%
Holdings: FELG 133; LRGE 32
Avg volume (30D): FELG 379K sh, better; LRGE 15.2K sh
NAV per share: FELG $42.20; LRGE $85.28
52W range

ETF.net Grade

Pillar letters and Scores for FELG, LRGE, with each pillar’s weight
Pillar	FELG	LRGE
Cost30% weight	A99Higher	B69
Mission25% weight	A82Higher	A79
Risk15% weight	C51	B56Higher
Tradability15% weight	A85Higher	A81
Holdings10% weight	C52Higher	C43
Durability5% weight	A95Higher	A79

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and LRGE 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 ›

FELG ranks 4th and LRGE 16th 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
Rank 13BVUSGVanguard Wellington U.S. Growth Active ETFScore 66
Rank 16BLRGEClearBridge Large Cap Growth Select ETFScore 65
Rank 16BNSIGNorth Square Growth Opportunities ETFScore 65

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

LRGEBClearBridge Large Cap Growth Select 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.

LRGE One of the earlier active large-cap growth ETFs (2017), ClearBridge runs a tight book of roughly 30 names instead of a lightly tweaked index. Priced below the typical active growth fund, with the concentration that real conviction implies.

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.

LRGE The fund seeks long-term capital appreciation by investing in large-capitalization companies.

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.

LRGE Roughly 30 stocks, so every name carries weight. This is a stock-picker's portfolio, not an index wearing an active label.
0.48% a year, under the median for its active US large-cap growth peer group.
Live since 2017, well before the active-ETF land rush, and it has stayed tightly aligned with its stated large-cap growth mandate.
Sits among the stronger implementations in a crowded field of high-conviction 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.

LRGE Volume is light next to the category's household names, so spreads can run wider and large orders need more care.
Cheap for active, not cheap outright: index-plus peers such as JUSA (0.12%) and FELG (0.18%) charge a fraction of the fee.
A book this concentrated moves differently from a broad growth index. One stumble in a top position shows up clearly.

Full FELG profile⁠

Full LRGE profile⁠

FELG vs LRGE Holdings

How FELG and LRGE differ

Overlap by weight

43.6%

Shared holdings make up 78.9% of LRGE and 47.6% of FELG.

Level by level

Holdings20 in both43.6%
Sector11 Sectors89.9%
Countryby domicile93.9%
Asset classEquity100%

Sector

Sector weights in FELG and LRGE, widest gap first
Sector	More in FELGMore in LRGE	FELG	LRGE
Technology	FELG +7.7 points	58.7%	51.0%
Consumer Discretionary	LRGE +5.6 points	6.4%	12.0%
Materials	LRGE +2.0 points	0.5%	2.5%
Consumer Staples	LRGE +1.7 points	0.1%	1.8%
Industrials	FELG +1.1 points	7.9%	6.8%
Communication	FELG +0.7 points	14.6%	13.9%
Financials	LRGE +0.7 points	5.5%	6.2%
Health Care	FELG +0.3 points	6.1%	5.8%
Energy	FELG +0.2 points	0.2%	0.0%
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 LRGE, widest gap first
Country	More in FELGMore in LRGE	FELG	LRGE
United States	FELG +6.1 points	100.0%	93.9%
Taiwan	LRGE +3.1 points	0.0%	3.1%
Netherlands	LRGE +3.0 points	0.0%	3.0%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
LRGE60.1%

Securities held

FELG131
LRGE31

Asset class

FELG: Equity
LRGE: Equity

Holdings

Only in FELG111
In both20
Only in LRGE11

Only in FELG

111 securities, 51.7% of FELG by weight

Microsoft Corp5.40%
Broadcom Inc4.65%
Eli Lilly & Co3.90%
Alphabet Inc Class C2.61%
Advanced Micro Devices Inc2.28%
Mastercard Inc Class A1.87%
Ge Aerospace1.44%
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%
Fortinet Inc0.67%
Lam Research Corp0.63%
Expedia Inc0.63%
Gilead Sciences Inc0.56%
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%
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%
Home Depot Inc0.23%
Netapp Inc0.23%

Only in LRGE

11 securities, 20.5% of LRGE by weight

Taiwan Semiconductor-Sp Adr3.03%
Asml Holding Nv-Ny Reg Shs2.99%
Thermo Fisher Scientific Inc2.29%
Monster Beverage Corp2.09%
Blackstone Inc1.91%
Sherwin-Williams Co/The1.79%
Vertex Pharmaceuticals Inc1.58%
Chipotle Mexican Grill Inc1.45%
JPMorgan 100% Us Treasu-L1.35%
Ingersoll-Rand Inc1.11%
Linde PLC0.87%

Weight gaps

All 20 Holdings in both funds, largest gap first.

Holding weights in FELG and LRGE, widest gap first
Holding	More in FELGMore in LRGE	FELG	LRGE
Palo Alto Networks IncPANW	LRGE +4.84 points	0.40%	5.24%
Amazon.com IncAMZN	LRGE +4.20 points	0.58%	4.78%
Visa Inc Class AV	LRGE +3.58 points	1.54%	5.12%
Meta Platforms Inc Class AMETA	LRGE +3.08 points	3.43%	6.51%
Arista Networks IncANET	LRGE +2.94 points	0.31%	3.25%
Apple IncAAPL	FELG +2.89 points	8.80%	5.91%
Intuitive Surgical IncISRG	LRGE +2.37 points	0.00%	2.37%
Eaton Corp PLC	LRGE +2.27 points	0.34%	2.61%
Oracle CorpORCL	LRGE +1.95 points	0.20%	2.15%
Servicenow IncNOW	LRGE +1.72 points	<0.01%	1.73%
Airbnb Inc Class AABNB	LRGE +1.61 points	0.75%	2.36%
Datadog Inc Class ADDOG	LRGE +1.39 points	0.21%	1.60%
Space Exploration Tech Corp ASPCX	LRGE +1.27 points	0.19%	1.46%
Vertiv Holdings CoVRT	LRGE +1.25 points	0.27%	1.52%
Tesla IncTSLA	LRGE +1.04 points	3.02%	4.06%
Alphabet Inc Class AGOOGL	FELG +0.87 points	6.48%	5.61%
NVIDIA CorpNVDA	LRGE +0.61 points	15.60%	16.21%
Ciena CorpCIEN	LRGE +0.60 points	0.39%	0.99%
Texas Instruments IncTXN	LRGE +0.60 points	1.42%	2.02%
Micron Technology IncMU	FELG +0.30 points	3.69%	3.39%

All 109 FELG holdings⁠All 32 LRGE 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 LRGE Cost

Overpaying LRGE vs FELG

$5,856

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

FELG 0.18%
$3,749
LRGE 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
LRGE 0.48%
Overpaying

Year by year

Year	FELG	LRGE	Overpaying
10	$328	$865	$537
20	$1,281	$3,328	$2,047
30	$3,749	$9,605	$5,856

Expense ratio

0.18%FELG, cheaper
0.48%LRGE

FELG0.18%LRGE0.48%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

LRGE 29th cheapest of 90 funds

FELG vs LRGE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%, better; LRGE 0.12%
Payout (12M): FELG $0.16; LRGE $0.10
Last payment: FELG $0.04; LRGE $0.10
Ex-dividend: FELG Sep 18, 2026; LRGE Dec 26, 2025
Paid on: FELG Sep 22, 2026; LRGE Dec 31, 2025
Frequency: FELG Quarterly; LRGE Annual

Distribution history

Per share, 2017 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

LRGEAnnual · 9 paymentsAll LRGE payments⁠

FELG vs LRGE 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 2023LRGE 15.7%
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023LRGE 0.88
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023LRGE −37.0%
Market sensitivityBeta, 5 years: FELG 1.23LRGE 1.14; Market = 1

FELG and LRGE 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 LRGE

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and LRGE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in LRGE

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 LRGE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in LRGE

Weight gaps