FELG vs NUGO: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Nuveen Growth Opportunities

NUGOBNYSE Arca

Overlap

66.3%by weight

Expense ratio

FELG −0.32pt a year

FELG0.18%NUGO0.50%

Avg volume · 30D

FELG 3.2×the volume

FELG368KNUGO114K

FELG vs NUGO Performance

Nov 7, 2025 – Nov 9, 2026

−0.2%FELG+1.6%NUGO

Expense ratio: FELG 0.18%, better; NUGO 0.50%
Fund size: FELG $5.44B; NUGO $2.17B
1Y total return: FELG −0.2%; NUGO +1.6%, better
Yield (12M): FELG 0.38%, better; NUGO 0.00%
Holdings: FELG 137; NUGO 44
Avg volume (30D): FELG 368K sh, better; NUGO 114K sh
NAV per share: FELG $41.08; NUGO $39.07
52W range

ETF.net Grade

Pillar letters and Scores for FELG, NUGO, with each pillar’s weight
Pillar	FELG	NUGO
Cost30% weight	A99Higher	B62
Mission25% weight	A82	Not scored
Risk15% weight	C53Higher	D35
Tradability15% weight	A93Higher	A78
Holdings10% weight	C53Higher	D39
Durability5% weight	A95Higher	A81

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and NUGO 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 NUGO 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 83
Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 82
Rank 5AGQQQAstoria US Quality Growth Kings ETFScore 77
Rank 29BIWFGNYLI Winslow Focused Large Cap Growth ETFScore 57
Rank 29BNUGONuveen Growth OpportunitiesScore 57
Rank 33BWINNHarbor Long-Term Growers ETF (WINN)Score 56

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

NUGOBNuveen Growth Opportunities

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.

NUGO Nuveen's house view on US growth, trimmed to roughly 40 names: a high-conviction cut of the Russell 1000 Growth universe, actively managed since 2021 for 0.50% a year.

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.

NUGO The Fund seeks long-term capital appreciation.

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.

NUGO Roughly 40 holdings out of a Russell 1000 Growth universe of hundreds. This is a best-ideas list built on earnings growth, cash flow quality and relative valuation, not a closet index.prnewswire.com
0.50% a year, with no fee waiver doing the work, sits near the typical fee in its active US growth peer group.
Over a billion dollars in assets and a moderate, steady trading pulse since its 2021 launch. Size and age are rarely the question marks here.
Nuveen, the asset-management arm of TIAA, runs it as a purpose-built ETF rather than a mutual fund in a new wrapper.prnewswire.com

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.

NUGO Concentration cuts both ways. At about 40 names, a single position swings the portfolio far more than it would inside a 500-stock index fund.
Cheaper shelf-mates exist: FELG and JUSA each charge 0.18%, roughly a third of this fee, though both take a broader, index-anchored approach.
The stated goal is long-term capital appreciation, not income. Payouts are incidental here, so this is not an income vehicle.

Full FELG profile⁠

Full NUGO profile⁠

FELG vs NUGO Holdings

How FELG and NUGO differ

Overlap by weight

66.3%

Shared holdings make up 92.9% of NUGO and 71.0% of FELG.

Level by level

Holdings34 in both66.3%
Sector11 Sectors93.4%
Asset classStocks100%
Countryby domicile99.96%

Sector

Sector weights in FELG and NUGO, widest gap first
Sector	Gap	FELG	NUGO
Communication	FELG +2.8 points	14.0%	11.2%
Health Care	NUGO +2.8 points	6.6%	9.3%
Technology	NUGO +2.5 points	56.6%	59.1%
Financials	FELG +1.9 points	6.4%	4.5%
Consumer Discretionary	NUGO +1.4 points	6.1%	7.5%
Consumer Staples	FELG +0.6 points	0.6%	0.0%
Materials	FELG +0.6 points	0.6%	0.0%
Industrials	FELG +0.4 points	8.7%	8.3%
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 NUGO, widest gap first
Country	More in FELGMore in NUGO	Gap	FELG	NUGO
United States		Same weight	100.0%	100.0%
United Kingdom		Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FELG57.7%
NUGO63.2%

Securities held

FELG135
NUGO43

Asset class

FELG: Stocks
NUGO: Stocks

Holdings

Only in FELG101
In both34
Only in NUGO9

Only in FELG

101 securities, 28.4% of FELG by weight

Alphabet Inc Class C2.76%
Visa Inc Class A1.83%
Texas Instruments Inc1.23%
Netflix Inc1.06%
Airbnb Inc Class A0.89%
Caterpillar Inc0.88%
Adobe Inc0.76%
Kla Corp0.70%
Unity Software Inc0.67%
Sandisk Corporation0.63%
Uber Technologies Inc0.62%
Fortinet Inc0.62%
Expedia Inc0.59%
Schwab Charles Corp0.59%
Bank of New York Mellon Corp0.57%
Gilead Sciences Inc0.56%
Bristol-Myers Squibb Co0.56%
Ecolab Inc0.55%
Bank of America Corporation0.53%
Rtx Corp0.53%
Atlassian Corp PLC Cls A0.47%
Chime Financial Inc0.44%
Cisco Systems Inc0.43%
Comfort Systems Usa Inc0.41%
Hubspot Inc0.40%
Keysight Technologies Inc0.39%
Veralto Corp0.39%
Lyft Inc0.39%
Incyte Corp0.35%
Eaton Corp PLC0.32%
Travere Therapeutics Inc0.32%
Starbucks Corp0.30%
Ciena Corp0.29%
Zoom Communications Inc Class A0.27%
Docusign Inc0.27%
Home Depot Inc0.26%
Space Exploration Tech Corp A0.25%
Maplebear Inc0.25%
Securities Lending Cf0.23%
S&P Global Inc0.22%
Johnson Controls Internatl PLC0.21%
Draftkings Holdings Inc0.21%
Technipfmc PLC0.20%
Costco Wholesale Corp0.19%
Oscar Health Inc - Class A0.19%
Oracle Corp0.18%
Merck & Co Inc New0.17%
Morgan Stanley0.17%
Veeva Sys Inc Class A0.16%
Exelixis Inc0.14%

Only in NUGO

9 securities, 7.1% of NUGO by weight

Regeneron Pharmaceuticals2.13%
Johnson & Johnson0.98%
O'reilly Automotive, Inc.0.98%
Okta Inc0.75%
Microchip Technology Inc0.69%
Synopsys Inc0.67%
Eaton Corp PLC0.59%
Robinhood Markets Inc0.25%
State Street Institution0.09%

Weight gaps

All 34 Holdings in both funds, largest gap first.

Holding weights in FELG and NUGO, widest gap first
Holding	Gap	FELG	NUGO
Microsoft CorpMSFT	NUGO +2.54 points	5.88%	8.42%
Mastercard Inc Class AMA	NUGO +2.32 points	2.08%	4.40%
Alphabet Inc Class AGOOGL	NUGO +2.18 points	6.98%	9.16%
Arista Networks IncANET	NUGO +1.63 points	0.32%	1.95%
Amazon.com IncAMZN	NUGO +1.57 points	0.67%	2.24%
Palo Alto Networks IncPANW	NUGO +1.47 points	0.36%	1.83%
Eli Lilly & CoLLY	NUGO +1.28 points	4.09%	5.37%
Applied Materials IncAMAT	NUGO +1.22 points	0.77%	1.99%
Broadcom IncAVGO	NUGO +1.21 points	4.30%	5.51%
Meta Platforms Inc Class AMETA	FELG +1.12 points	3.65%	2.53%
Apple IncAAPL	FELG +1.07 points	9.37%	8.30%
Intuitive Surgical IncISRG	NUGO +1.05 points	0.00%	1.05%
Micron Technology IncMU	FELG +1.03 points	2.98%	1.95%
The Booking Holdings IncBKNG	NUGO +1.02 points	0.09%	1.11%
Palantir Technologies IncPLTR	NUGO +0.93 points	0.91%	1.84%
Quanta Svcs IncPWR	NUGO +0.84 points	0.28%	1.12%
Howmet Aerospace IncHWM	NUGO +0.84 points	0.59%	1.43%
Lumentum Holdings IncLITE	NUGO +0.80 points	0.06%	0.86%
Snowflake IncSNOW	NUGO +0.78 points	0.50%	1.28%
Advanced Micro Devices IncAMD	NUGO +0.77 points	1.90%	2.67%
Trane Technologies PLCTT	FELG +0.68 points	0.81%	0.13%
Heico CorpHEI	NUGO +0.67 points	<0.01%	0.67%
Ross Stores IncROST	NUGO +0.55 points	0.23%	0.78%
Amphenol Corporation Class AAPH	NUGO +0.54 points	0.89%	1.43%
Western Digital CorpWDC	NUGO +0.51 points	0.70%	1.21%
Parker Hannifin CorpPH	NUGO +0.47 points	0.09%	0.56%
Tesla IncTSLA	FELG +0.44 points	2.93%	2.49%
NVIDIA CorpNVDA	FELG +0.42 points	14.81%	14.39%
Crowdstrike Holdings IncCRWD	NUGO +0.37 points	0.92%	1.29%
Vertiv Holdings CoVRT	NUGO +0.36 points	0.42%	0.78%
Ge AerospaceGE	NUGO +0.33 points	1.61%	1.94%
Seagate Techn Holdings PLCSTX	NUGO +0.28 points	0.27%	0.55%
Ge Vernova IncGEV	NUGO +0.04 points	1.14%	1.18%
Lam Research CorpLRCX	NUGO +0.03 points	0.45%	0.48%

All 109 FELG holdings⁠All 44 NUGO 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 NUGO Cost

Overpaying NUGO vs FELG

$6,230

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

FELG 0.18%
$3,749
NUGO 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
NUGO 0.50%
Overpaying

Year by year

Year	FELG	NUGO	Overpaying
10	$328	$900	$572
20	$1,281	$3,460	$2,179
30	$3,749	$9,979	$6,230

Expense ratio

0.18%FELG, cheaper
0.50%NUGO

FELG0.18%NUGO0.50%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

NUGO 33rd cheapest of 90 funds

FELG vs NUGO Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FELG 0.38%, better; NUGO 0.00%
Payout (12M): FELG $0.16; NUGO None
Last payment: FELG $0.04; NUGO No data
Ex-dividend: FELG Sep 18, 2026; NUGO No data
Paid on: FELG Sep 22, 2026; NUGO No data
Frequency: FELG Quarterly; NUGO No data

Distribution history

Per share, 2021 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

NUGO4 paymentsAll NUGO payments⁠

FELG vs NUGO 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 2023NUGO 17.7%
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023NUGO 1.03
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023NUGO −38.0%
Market sensitivityBeta, 5 years: FELG 1.26NUGO 1.22; Market = 1

FELG and NUGO 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 NUGO

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and NUGO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in NUGO

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 NUGO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in NUGO

Weight gaps