FELG vs MFSG: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

MFS Active Growth ETF

MFSGBNYSE

Overlap

54.0%by weight

Expense ratio

FELG −0.31pt a year

FELG0.18%MFSG0.49%

Avg volume · 30D

FELG 6.6×the volume

FELG379KMFSG57.2K

FELG vs MFSG Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG−0.5%MFSG

Expense ratio: FELG 0.18%, better; MFSG 0.49%
Fund size: FELG $5.78B; MFSG $396M
1Y total return: FELG −0.5%; MFSG −0.5%
Yield (12M): FELG 0.37%, better; MFSG 0.07%
Holdings: FELG 133; MFSG 64
Avg volume (30D): FELG 379K sh, better; MFSG 57.2K sh
NAV per share: FELG $42.20; MFSG $28.75
52W range

ETF.net Grade

Pillar letters and Scores for FELG, MFSG, with each pillar’s weight
Pillar	FELG	MFSG
Cost30% weight	A99Higher	B62
Mission25% weight	A82	Not scored
Risk15% weight	C51Higher	C47
Tradability15% weight	A85Higher	B62
Holdings10% weight	C52	B61Higher
Durability5% weight	A95Higher	B58

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and MFSG 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 MFSG 29th 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 27BNUGONuveen Growth OpportunitiesScore 59
Rank 29BMFSGMFS Active Growth ETFScore 58
Rank 30BIWFGNYLI Winslow Focused Large Cap Growth ETFScore 57

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

MFSGBMFS 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.

MFSG No data

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.

MFSG No data

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.

MFSG No data

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.

MFSG No data

Full FELG profile⁠

Full MFSG profile⁠

FELG vs MFSG Holdings

How FELG and MFSG differ

Overlap by weight

54.0%

Shared holdings make up 72.4% of MFSG and 69.2% of FELG.

Level by level

Holdings30 in both54.0%
Sector11 Sectors91.1%
Countryby domicile95.8%
Asset classEquity100%

Sector

Sector weights in FELG and MFSG, widest gap first
Sector	More in FELGMore in MFSG	FELG	MFSG
Technology	FELG +8.8 points	58.7%	49.9%
Consumer Staples	MFSG +1.7 points	0.1%	1.8%
Energy	MFSG +1.4 points	0.2%	1.6%
Consumer Discretionary	MFSG +1.2 points	6.4%	7.6%
Health Care	MFSG +1.2 points	6.1%	7.3%
Industrials	MFSG +1.2 points	7.9%	9.1%
Materials	MFSG +1.2 points	0.5%	1.7%
Communication	MFSG +0.8 points	14.6%	15.4%
Real Estate	MFSG +0.2 points	0.1%	0.3%
Financials	FELG +0.2 points	5.5%	5.3%
Utilities	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FELG and MFSG, widest gap first
Country	More in FELGMore in MFSG	FELG	MFSG
United States	FELG +4.2 points	100.0%	95.8%
Taiwan	MFSG +1.8 points	0.0%	1.8%
Canada	MFSG +1.6 points	0.0%	1.6%
Netherlands	MFSG +0.6 points	0.0%	0.6%
South Korea	MFSG +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
MFSG52.9%

Securities held

FELG131
MFSG63

Asset class

FELG: Equity
MFSG: Equity

Holdings

Only in FELG101
In both30
Only in MFSG33

Only in FELG

101 securities, 30.1% of FELG by weight

Alphabet Inc Class C2.61%
Mastercard Inc Class A1.87%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Palantir Technologies Inc1.02%
Crowdstrike Holdings Inc0.98%
Caterpillar Inc0.94%
Netflix Inc0.88%
Sandisk Corporation0.84%
Adobe Inc0.76%
Fortinet Inc0.67%
Expedia Inc0.63%
Howmet Aerospace Inc0.55%
Atlassian Corp PLC Cls A0.54%
Schwab Charles Corp0.53%
Bank of New York Mellon Corp0.53%
Ecolab Inc0.52%
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%
Ciena Corp0.39%
Seagate Techn Holdings PLC0.38%
Chime Financial Inc0.37%
Incyte Corp0.35%
Eaton Corp PLC0.34%
Lyft Inc0.34%
Docusign Inc0.32%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
Vertiv Holdings Co0.27%
Zoom Communications Inc Class A0.27%
Home Depot Inc0.23%
Netapp Inc0.23%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%
Datadog Inc Class A0.21%
Oracle Corp0.20%
S&P Global Inc0.20%
Technipfmc PLC0.19%
Oscar Health Inc - Class A0.17%
Natera Inc0.17%
Merck & Co Inc New0.16%
Johnson Controls Internatl PLC0.16%
Kulicke & Soffa Industries Inc0.16%

Only in MFSG

33 securities, 26.6% of MFSG by weight

Thermo Fisher Scientific Inc1.74%
Taiwan Semiconductor Sp Adr1.69%
Waters Corp1.54%
Tjx Companies Inc1.19%
Philip Morris International1.16%
Medtronicplc1.10%
Shopify Inc Class A1.07%
Ametek Inc1.07%
Marriott International Class A1.06%
Linde PLC1.05%
Nasdaq Inc1.02%
Danaher Corp1.00%
Monster Beverage Corp0.92%
Cadence Design Sys Inc0.82%
Williams Cos Inc0.74%
Starbuckscorp0.74%
Ww Grainger Inc0.74%
Eaton Corpplc0.72%
Spotify Technology SA0.67%
Ati Inc0.65%
Autodesk Inc0.60%
Live Nation Entertainment In0.56%
Baker Hughes Co0.54%
Asm International NV0.52%
Crh PLC0.52%
Idexx Laboratories Inc0.51%
Viking Holdings Ltd0.46%
Tko Groupholdings Inc0.45%
Cameco Corp0.43%
Robinhoodmarkets Inc A0.39%
Sk Hynix Inc Adr0.35%
Equinix Inc0.33%
Freeport Mcmoran Inc0.29%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in FELG and MFSG, widest gap first
Holding	More in FELGMore in MFSG	FELG	MFSG
Eli Lilly & CoLLY	FELG +3.38 points	3.90%	0.53%
Alphabet Inc Class AGOOGL	MFSG +3.15 points	6.48%	9.63%
Micron Technology IncMU	FELG +2.61 points	3.69%	1.08%
Visa Inc Class AV	MFSG +2.25 points	1.54%	3.79%
Amazon.com IncAMZN	MFSG +2.23 points	0.58%	2.81%
Tesla IncTSLA	FELG +2.03 points	3.02%	0.99%
Apple IncAAPL	FELG +1.96 points	8.80%	6.84%
NVIDIA CorpNVDA	FELG +1.79 points	15.60%	13.81%
Broadcom IncAVGO	FELG +1.50 points	4.65%	3.15%
Arista Networks IncANET	MFSG +1.45 points	0.31%	1.76%
Microsoft CorpMSFT	MFSG +1.31 points	5.40%	6.71%
Space Exploration Tech Corp ASPCX	MFSG +0.94 points	0.19%	1.13%
Advanced Micro Devices IncAMD	FELG +0.92 points	2.28%	1.36%
Gilead Sciences IncGILD	MFSG +0.80 points	0.56%	1.36%
Servicenow IncNOW	MFSG +0.80 points	<0.01%	0.81%
Meta Platforms Inc Class AMETA	FELG +0.79 points	3.43%	2.64%
Snowflake IncSNOW	MFSG +0.77 points	0.55%	1.32%
Morgan StanleyMS	MFSG +0.77 points	0.16%	0.93%
Parker Hannifin CorpPH	MFSG +0.69 points	0.09%	0.78%
Amphenol Corporation Class AAPH	MFSG +0.58 points	0.90%	1.48%
Kla CorpKLAC	MFSG +0.52 points	0.78%	1.30%
Ge Vernova IncGEV	MFSG +0.50 points	1.20%	1.70%
Lam Research CorpLRCX	MFSG +0.48 points	0.63%	1.11%
Airbnb Inc Class AABNB	MFSG +0.39 points	0.75%	1.14%
Western Digital CorpWDC	MFSG +0.36 points	0.93%	1.29%
Comfort Systems Usa IncFIX	FELG +0.24 points	0.51%	0.27%
Trane Technologies PLCTT	MFSG +0.13 points	0.80%	0.93%
Rtx CorpRTX	MFSG +0.11 points	0.52%	0.63%
Uber Technologies IncUBER	MFSG +0.10 points	0.55%	0.65%
Palo Alto Networks IncPANW	MFSG +0.10 points	0.40%	0.50%

All 109 FELG holdings⁠All MFSG 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 MFSG Cost

Overpaying MFSG vs FELG

$6,043

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

FELG 0.18%
$3,749
MFSG 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
MFSG 0.49%
Overpaying

Year by year

Year	FELG	MFSG	Overpaying
10	$328	$883	$555
20	$1,281	$3,394	$2,113
30	$3,749	$9,792	$6,043

Expense ratio

0.18%FELG, cheaper
0.49%MFSG

FELG0.18%MFSG0.49%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

MFSG 30th cheapest of 90 funds

FELG vs MFSG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%, better; MFSG 0.07%
Payout (12M): FELG $0.16; MFSG $0.02
Last payment: FELG $0.04; MFSG $0.02
Ex-dividend: FELG Sep 18, 2026; MFSG Dec 16, 2025
Paid on: FELG Sep 22, 2026; MFSG Dec 17, 2025
Frequency: FELG Quarterly; MFSG Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

MFSGIrregular · 2 paymentsAll MFSG payments⁠

FELG vs MFSG 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 2023MFSG 18.2%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023MFSG 0.32since Jan 2025
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023MFSG −23.2%since Dec 2024
Market sensitivityBeta, 5 years: FELG 1.23MFSG 1.33; Market = 1

FELG and MFSG 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 MFSG

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and MFSG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in MFSG

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