FELG vs MAGS

FELGAFidelity Enhanced Large Cap Growth ETF

MAGSBRoundhill Magnificent Seven 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.

MAGS Seven stocks, one ticker. MAGS is an actively managed fund built entirely around the Magnificent Seven basket, launched in 2023 for people who want that trade whole rather than assembled by hand.

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.

MAGS The Fund is actively managed and seeks growth of capital through exposure to companies comprising the Magnificent Seven.

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.

• MAGS Packages the Magnificent Seven into a single actively managed position, so you skip buying and rebalancing seven separate stocks yourself.
• Charges 0.30% a year, less than the typical actively managed US growth fund it competes with.
• Among the most heavily traded funds in its category, which generally means low friction getting in and out.
• A billion-dollar-scale fund and one of the strongest implementations in its active US growth peer group.

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.

• MAGS Concentration is the whole design. With a handful of megacap names, one stock stumbling moves this fund far more than it would a broad index fund.
• Broader large-cap growth peers cost less: JUSA at 0.12% and FELG at 0.18%, though neither is a dedicated Magnificent Seven basket.
• The mandate is growth of capital, and payouts come annually or semiannually at most. Not built as an income holding.

Full FELG profile⁠

Full MAGS profile⁠