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FELG vs LRGG

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Nomura Focused Large Growth ETF

LRGGBNYSE Arca

Overlap

36.0%by weight

Expense ratio

FELG −0.26pt a year

FELG0.18%LRGG0.44%

Avg volume · 30D

FELG 9.2×the volume

FELG364KLRGG39.5K

FELG vs LRGG Performance

Nov 5, 2025 – Nov 5, 2026

−5.7%FELG+0.6%LRGG

Nov 5, 2025 to Nov 5, 2026. FELG −5.7%. LRGG +0.6%. Use the arrow keys to read each point.−15%−10%5%10%Nov 2025May 2026Nov 2026
Expense ratio
FELG 0.18%, better
LRGG 0.44%
Fund size
FELG $5.44B
LRGG $295M
1Y total return
FELG −5.7%
LRGG +0.6%, better
Yield (12M)
FELG 0.39%, better
LRGG 0.15%
Holdings
FELG 137
LRGG 21
Avg volume (30D)
FELG 364K sh, better
LRGG 39.5K sh
NAV per share
FELG $39.56
LRGG $30.86
52W range

ETF.net Grade

FELG: Cost 99, Risk 52, Mission 82, Tradability 85, Holdings 52, Durability 95. LRGG: Cost 74, Risk 49, Mission not scored, Tradability 77, Holdings 29, Durability 54.
Pillar letters and Scores for FELG, LRGG, with each pillar’s weight
PillarFELGLRGG
Cost30% weightA99HigherA74
Mission25% weightA82Not scored
Risk15% weightC52HigherC49
Tradability15% weightA85HigherA77
Holdings10% weightC52HigherD29
Durability5% weightA95HigherC54

Rank among US Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FELG and LRGG 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 LRGG 20th of 90 funds in the US Active Growth Category.

  1. Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
  2. Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 83
  3. Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 82
  4. Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 80
  5. Rank 5AGQQQAstoria US Quality Growth Kings ETFScore 77
  6. Rank 19BDAKDakota Active Equity ETFScore 63
  7. Rank 20BLRGGNomura Focused Large Growth ETFScore 62
  8. Rank 21BCGGGCapital Group U.S. Large Growth ETFScore 61

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

LRGGBNomura Focused Large 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.

LRGG Roughly two dozen large-cap growth names, run by the ex-Macquarie team now under Nomura's roof. Active, unapologetically top-heavy, and 0.44% with no fee waiver in the picture.

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.

LRGG The fund seeks to provide growth of capital.

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.
  • LRGG "Focused" is not marketing here: the portfolio runs to about two dozen stocks, so individual picks actually register instead of being diluted into an index.stockanalysis.com
  • 0.44%, with no fee waiver holding it down, sits below the category median. FELG and JUSA charge 0.18%, so cheap it is not, but it undercuts the typical active rival.
  • Rates as one of the stronger implementations among the conviction-growth funds we cover, on the strength of its cost and day-to-day trading profile.

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.
  • LRGG Top-heavy by design: a handful of mega-cap names carry much of the portfolio, so a stumble in one or two of them shows up fast.stockanalysis.com
  • Lightly traded next to the category's heavyweights, which can mean wider spreads; limit orders earn their keep.
  • Listed in 2024 and rebranded after Nomura bought Macquarie's US public investments business, so the record under this banner is short.nomuraassetmanagement.com

Full FELG profile⁠

Full LRGG profile⁠

FELG vs LRGG Holdings

As of

How FELG and LRGG differ

Overlap by weight

36.0%

Shared holdings make up 66.3% of LRGG and 38.9% of FELG.

Level by level

  • Holdings11 in both36.0%
  • Sector11 Sectors77.0%
  • Countryby domicile88.3%
  • Asset classStocks100%

Sector

Sector weights in FELG and LRGG, widest gap first
SectorMore in FELGMore in LRGGGap
FinancialsLRGG +14.4 points
TechnologyFELG +13.7 points
Health CareLRGG +4.8 points
Consumer DiscretionaryFELG +4.3 points
CommunicationFELG +4.1 points
IndustrialsLRGG +3.7 points
MaterialsFELG +0.5 points
EnergyFELG +0.2 points
Consumer StaplesFELG +0.1 points
Real EstateFELG +0.1 points
UtilitiesSame weight

Country, concentration and asset class

Country by domicile

Country weights in FELG and LRGG, widest gap first
CountryMore in FELGMore in LRGGGap
United StatesFELG +11.7 points
TaiwanLRGG +5.3 points
CanadaLRGG +3.7 points
NetherlandsLRGG +2.7 points

Concentration

Weight in the 10 largest Holdings

  • FELG57.6%
  • LRGG69.2%

Securities held

  • FELG135
  • LRGG21

Asset class

FELG
Stocks
LRGG
Stocks

Holdings

  • Only in FELG124
  • In both11
  • Only in LRGG10

Only in FELG

124 securities, 60.5% of FELG by weight

  • Alphabet Inc Class A6.70%
  • Broadcom Inc4.51%
  • Eli Lilly & Co4.06%

Only in LRGG

10 securities, 33.7% of LRGG by weight

  • Taiwan Semiconductor5.71%
  • Motorola Solutions Inc4.31%
  • Intercontinental Exchange4.07%

Weight gaps

All 11 Holdings in both funds, largest gap first.

Holding weights in FELG and LRGG, widest gap first
HoldingMore in FELGMore in LRGGGap
Alphabet Inc Class CGOOGLRGG +8.77 points
Intuitive Surgical IncISRGLRGG +4.94 points
S&P Global IncSPGILRGG +3.87 points
Visa Inc Class AVLRGG +3.06 points
Apple IncAAPLFELG +2.95 points
Veeva Sys Inc Class AVEEVLRGG +2.82 points
Ge AerospaceGELRGG +2.54 points
Microsoft CorpMSFTLRGG +1.64 points

All 109 FELG holdings⁠All LRGG 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 LRGG Cost

Overpaying LRGG vs FELG

$5,103

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

  • FELG 0.18%

    $3,749

  • LRGG 0.44%

    $8,852

$10,000
30 years

Cost over time

  • FELG 0.18%
  • LRGG 0.44%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530LRGG $8,852FELG $3,749

Year by year

YearFELGLRGGOverpaying
10$328$794$466
20$1,281$3,061$1,780
30$3,749$8,852$5,103

Expense ratio

  • 0.18%FELG, cheaper
  • 0.44%LRGG
  • Middle half of US Active Growth funds
  • Median 0.55%

FELG cheapest of 90 funds

LRGG 24th cheapest of 90 funds

FELG vs LRGG Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
FELG 0.39%, better
LRGG 0.15%
Payout (12M)
FELG $0.16
LRGG $0.05
Last payment
FELG $0.04
LRGG $0.05
Ex-dividend
FELG Sep 18, 2026
LRGG Dec 31, 2025
Paid on
FELG Sep 22, 2026
LRGG Dec 31, 2025
Frequency
FELG Quarterly
LRGG Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Oct 13, 2023 $0.14; Nov 14, 2023 $0.04; Dec 28, 2023 $0.03; Mar 15, 2024 $0.03; Jun 21, 2024 $0.05; Sep 20, 2024 $0.04; Dec 20, 2024 $0.05; Mar 21, 2025 $0.04; Jun 20, 2025 $0.04; Sep 19, 2025 $0.04; Dec 19, 2025 $0.04; Mar 20, 2026 $0.03; Jun 18, 2026 $0.05; Sep 18, 2026 $0.04. Use the arrow keys to read each point.$0$0.1020232026YTD
LRGGIrregular · 2 paymentsAll LRGG payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 23, 2024 $0.04; Dec 31, 2025 $0.05. Use the arrow keys to read each point.$0$0.1020232026YTD

FELG vs LRGG 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 2023LRGG 12.4%since Jun 2024
Return per unit of riskSharpe ratio, 3 years
FELG 0.93since Dec 2023LRGG 0.33since Jun 2024
Worst fallMax drawdown, 5 years
FELG −23.9%since Nov 2023LRGG −18.9%since May 2024
Market sensitivityBeta, 5 years
FELG 1.23LRGG 0.87

FELG and LRGG in the news

All news⁠

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