FELG vs NBGX: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Neuberger Growth ETF

NBGXDNYSE Arca

Overlap

54.7%by weight

Expense ratio

FELG −2.65pt a year

FELG0.18%NBGX2.83%

Avg volume · 30D

FELG 684.1×the volume

FELG379KNBGX554

FELG vs NBGX Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG+1.1%NBGX

Expense ratio: FELG 0.18%, better; NBGX 2.83%
Fund size: FELG $5.78B; NBGX $15M
1Y total return: FELG −0.5%; NBGX +1.1%, better
Yield (12M): FELG 0.37%; NBGX No data
Holdings: FELG 133; NBGX 58
Avg volume (30D): FELG 379K sh, better; NBGX 554 sh
NAV per share: FELG $42.20; NBGX $29.65
52W range

ETF.net Grade

Pillar letters and Scores for FELG, NBGX, with each pillar’s weight
Pillar	FELG	NBGX
Cost30% weight	A99Higher	F0
Mission25% weight	A82	Not scored
Risk15% weight	C51	B63Higher
Tradability15% weight	A85Higher	D39
Holdings10% weight	C52	B67Higher
Durability5% weight	A95Higher	D29

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and NBGX 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 NBGX 79th 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 79DARWGArcher Growth ETFScore 31
Rank 79DNBGXNeuberger Growth ETFScore 31
Rank 81DTSELTouchstone Sands Capital US Select Growth ETFScore 27

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

NBGXDNeuberger 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.

NBGX 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.

NBGX 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.

NBGX 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.

NBGX No data

Full FELG profile⁠

Full NBGX profile⁠

FELG vs NBGX Holdings

How FELG and NBGX differ

Overlap by weight

54.7%

Shared holdings make up 72.2% of NBGX and 69.6% of FELG.

Level by level

Holdings30 in both54.7%
Sector11 Sectors85.7%
Countryby domicile89.9%
Asset classEquity100%

Sector

Sector weights in FELG and NBGX, widest gap first
Sector	More in FELGMore in NBGX	FELG	NBGX
Technology	FELG +13.8 points	58.7%	44.9%
Consumer Discretionary	NBGX +3.6 points	6.4%	10.0%
Communication	NBGX +2.9 points	14.6%	17.5%
Financials	NBGX +2.2 points	5.5%	7.7%
Utilities	NBGX +1.7 points	0.0%	1.7%
Consumer Staples	NBGX +1.6 points	0.1%	1.7%
Health Care	NBGX +0.7 points	6.1%	6.8%
Industrials	NBGX +0.7 points	7.9%	8.6%
Materials	FELG +0.5 points	0.5%	0.0%
Energy	NBGX +0.4 points	0.2%	0.6%
Real Estate	NBGX +0.3 points	0.1%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in FELG and NBGX, widest gap first
Country	More in FELGMore in NBGX	FELG	NBGX
United States	FELG +10.1 points	100.0%	89.9%
Netherlands	NBGX +3.2 points	0.0%	3.2%
Taiwan	NBGX +2.9 points	0.0%	2.9%
Canada	NBGX +2.7 points	0.0%	2.7%
United Kingdom	NBGX +1.4 points	0.0%	1.4%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
NBGX51.6%

Securities held

FELG131
NBGX58

Asset class

FELG: Equity
NBGX: Equity

Holdings

Only in FELG101
In both30
Only in NBGX28

Only in FELG

101 securities, 29.7% of FELG by weight

Alphabet Inc Class C2.61%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Palantir Technologies Inc1.02%
Western Digital Corp0.93%
Trane Technologies PLC0.80%
Kla Corp0.78%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
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%
Palo Alto Networks Inc0.40%
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%
Arista Networks Inc0.31%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
Vertiv Holdings Co0.27%
Zoom Communications Inc Class A0.27%
Netapp Inc0.23%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%
Datadog Inc Class A0.21%
Oracle Corp0.20%
Technipfmc PLC0.19%
Oscar Health Inc - Class A0.17%

Only in NBGX

28 securities, 28.5% of NBGX by weight

Asml Holding NV Ny Reg Shs Ny Reg Shrs3.37%
Taiwan Semiconductor Sp Adr Adr2.81%
Ssc Government Mm Gvmxx2.70%
Brookfield Asset Mgmt A Common Stock1.64%
Johnson & Johnson Common Stock1.40%
Nvent Electric PLC Common Stock1.38%
AbbVie Inc Common Stock1.31%
Tjx Companies Inc Common Stock1.30%
Synopsys Inc Common Stock1.24%
Centerpoint Energy Inc Common Stock1.16%
Nextera Energy Inc Common Stock1.01%
Shopify Inc Class A Common Stock0.97%
O Reilly Automotive Inc Common Stock0.88%
Itt Inc Common Stock0.86%
Live Nation Entertainment In Common Stock0.79%
Williams Cos Inc Common Stock0.70%
Walmart Inc Common Stock0.67%
Union Pacific Corp Common Stock0.66%
Waste Management Inc Common Stock0.63%
Deere & Co Common Stock0.61%
Equinix Inc Reit0.45%
Salesforce Inc Common Stock0.45%
Marriott International Class A Common Stock0.35%
Cme Group Inc Common Stock0.31%
Okta Inc Common Stock0.27%
Boeing Co/The Common Stock0.25%
Jersey Mike’s Subs Inc Class A Common Stock0.16%
Waystar Holding Corp Common Stock0.14%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in FELG and NBGX, widest gap first
Holding	More in FELGMore in NBGX	FELG	NBGX
NVIDIA CorpNVDA	FELG +5.40 points	15.60%	10.20%
Apple IncAAPL	FELG +4.06 points	8.80%	4.74%
Amazon.com IncAMZN	NBGX +3.33 points	0.58%	3.91%
Advanced Micro Devices IncAMD	FELG +1.96 points	2.28%	0.32%
Home Depot IncHD	NBGX +1.94 points	0.23%	2.17%
Meta Platforms Inc Class AMETA	NBGX +1.64 points	3.43%	5.07%
Micron Technology IncMU	FELG +1.43 points	3.69%	2.26%
Amphenol Corporation Class AAPH	NBGX +1.31 points	0.90%	2.21%
Visa Inc Class AV	NBGX +1.24 points	1.54%	2.78%
Costco Wholesale CorpCOST	NBGX +1.11 points	0.12%	1.23%
Tesla IncTSLA	FELG +1.10 points	3.02%	1.92%
Alphabet Inc Class AGOOGL	NBGX +0.98 points	6.48%	7.46%
Mastercard Inc Class AMA	NBGX +0.67 points	1.87%	2.54%
Cloudflare IncNET	NBGX +0.64 points	0.10%	0.74%
Intuitive Surgical IncISRG	NBGX +0.61 points	0.00%	0.61%
Crowdstrike Holdings IncCRWD	NBGX +0.61 points	0.98%	1.59%
Ge Vernova IncGEV	FELG +0.60 points	1.20%	0.60%
Sandisk CorporationSNDK	NBGX +0.52 points	0.84%	1.36%
Netflix IncNFLX	NBGX +0.45 points	0.88%	1.33%
Morgan StanleyMS	NBGX +0.44 points	0.16%	0.60%
Merck & Co Inc NewMRK	NBGX +0.42 points	0.16%	0.58%
Citigroup IncC	NBGX +0.38 points	0.02%	0.40%
Eli Lilly & CoLLY	FELG +0.37 points	3.90%	3.54%
Servicenow IncNOW	NBGX +0.35 points	<0.01%	0.36%
Microsoft CorpMSFT	NBGX +0.26 points	5.40%	5.66%
Broadcom IncAVGO	NBGX +0.18 points	4.65%	4.83%
Space Exploration Tech Corp ASPCX	NBGX +0.17 points	0.19%	0.36%
Ge AerospaceGE	NBGX +0.11 points	1.44%	1.55%
S&P Global IncSPGI	NBGX +0.05 points	0.20%	0.25%
Caterpillar IncCAT	NBGX +0.03 points	0.94%	0.97%

All 109 FELG holdings⁠All 57 NBGX 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 NBGX Cost

Overpaying NBGX vs FELG

$38,311

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

FELG 0.18%
$3,749
NBGX 2.83%
$42,060

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
NBGX 2.83%
Overpaying

Year by year

Year	FELG	NBGX	Overpaying
10	$328	$4,625	$4,297
20	$1,281	$16,058	$14,777
30	$3,749	$42,060	$38,311

Expense ratio

0.18%FELG, cheaper
2.83%NBGX

FELG0.18%NBGX2.83%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

NBGX 90th cheapest of 90 funds

FELG vs NBGX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%; NBGX No data
Payout (12M): FELG $0.16; NBGX No data
Last payment: FELG $0.04; NBGX $0.12
Ex-dividend: FELG Sep 18, 2026; NBGX Dec 19, 2025
Paid on: FELG Sep 22, 2026; NBGX Dec 24, 2025
Frequency: FELG Quarterly; NBGX Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

NBGXIrregular · 1 paymentAll NBGX payments⁠

FELG vs NBGX 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 2023NBGX 16.2%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023NBGX 0.46since Jan 2025
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023NBGX −21.6%since Dec 2024
Market sensitivityBeta, 5 years: FELG 1.23NBGX 1.21; Market = 1

FELG and NBGX 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 NBGX

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and NBGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in NBGX

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 NBGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in NBGX

Weight gaps