FELG vs PJFG: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

PGIM Jennison Focused Growth ETF

PJFGDNYSE Arca

Overlap

60.2%by weight

Expense ratio

FELG −0.57pt a year

FELG0.18%PJFG0.75%

Avg volume · 30D

FELG 103.4×the volume

FELG379KPJFG3.67K

FELG vs PJFG Performance

Oct 31, 2025 – Oct 30, 2026

−0.5%FELG−0.3%PJFG

Expense ratio: FELG 0.18%, better; PJFG 0.75%
Fund size: FELG $5.78B; PJFG $139M
1Y total return: FELG −0.5%; PJFG −0.3%, better
Yield (12M): FELG 0.37%; PJFG No data
Holdings: FELG 133; PJFG 39
Avg volume (30D): FELG 379K sh, better; PJFG 3.67K sh
NAV per share: FELG $42.20; PJFG $117.79
52W range

ETF.net Grade

Pillar letters and Scores for FELG, PJFG, with each pillar’s weight
Pillar	FELG	PJFG
Cost30% weight	A99Higher	F19
Mission25% weight	A82	Not scored
Risk15% weight	C51Higher	C44
Tradability15% weight	A85Higher	C51
Holdings10% weight	C52Higher	C48
Durability5% weight	A95Higher	B60

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and PJFG 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 PJFG 74th 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 72DFRTYAlger Mid Cap 40 ETFScore 37
Rank 74DPJFGPGIM Jennison Focused Growth ETFScore 36
Rank 75DSEMGSuncoast Select Growth ETFScore 35

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

PJFGDPGIM Jennison Focused 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.

PJFG Jennison's high-conviction growth playbook in an ETF wrapper: an actively managed, non-diversified book of medium and large caps, benchmarked to the Russell 1000 Growth. Concentration is the whole point here.

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.

PJFG The fund seeks long-term capital growth through an actively managed, focused portfolio of primarily medium- and large-cap companies judged to offer strong capital-appreciation potential.

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.

PJFG Active and unapologetically concentrated: a non-diversified mandate means the managers' best growth ideas carry real weight instead of getting diluted across hundreds of names.pgim.com
Clear yardstick. It is measured against the Russell 1000 Growth Index, so its stock picking can be judged against the obvious passive alternative.pgim.com
Live since 2022, so there is a real record under the same mandate to examine, not a backtest.

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.

PJFG Costs 0.75% a year, above the typical active growth fund and above same-benchmark peers like FFOG (0.41%) and PGRO (0.50%).
Thinly traded next to its peer group, so bid-ask spreads can be wider at the moment you transact.
Non-diversified cuts both ways: a stumble at one or two of the largest positions moves the whole fund.pgim.com

Full FELG profile⁠

Full PJFG profile⁠

FELG vs PJFG Holdings

How FELG and PJFG differ

Overlap by weight

60.2%

Shared holdings make up 86.5% of PJFG and 68.1% of FELG.

Level by level

Holdings26 in both60.2%
Sector11 Sectors92.2%
Countryby domicile97.2%
Asset classEquity100%

Sector

Sector weights in FELG and PJFG, widest gap first
Sector	More in FELGMore in PJFG	FELG	PJFG
Technology	FELG +4.1 points	58.7%	54.6%
Communication	PJFG +2.8 points	14.6%	17.4%
Financials	FELG +1.9 points	5.5%	3.6%
Consumer Staples	PJFG +1.9 points	0.1%	2.0%
Consumer Discretionary	PJFG +1.3 points	6.4%	7.7%
Industrials	FELG +1.0 points	7.9%	6.9%
Health Care	PJFG +0.9 points	6.1%	7.0%
Utilities	PJFG +0.8 points	0.0%	0.8%
Materials	FELG +0.5 points	0.5%	0.0%
Energy	FELG +0.2 points	0.2%	0.0%
Real Estate	FELG +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FELG and PJFG, widest gap first
Country	More in FELGMore in PJFG	FELG	PJFG
United States	FELG +2.8 points	100.0%	97.2%
Taiwan	PJFG +1.6 points	0.0%	1.6%
Canada	PJFG +1.2 points	0.0%	1.2%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
PJFG60.8%

Securities held

FELG131
PJFG38

Asset class

FELG: Equity
PJFG: Equity

Holdings

Only in FELG105
In both26
Only in PJFG12

Only in FELG

105 securities, 31.2% of FELG by weight

Alphabet Inc Class C2.61%
Visa Inc Class A1.54%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Caterpillar Inc0.94%
Western Digital Corp0.93%
Amphenol Corporation Class A0.90%
Sandisk Corporation0.84%
Trane Technologies PLC0.80%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Fortinet Inc0.67%
Expedia Inc0.63%
Gilead Sciences Inc0.56%
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%
Zoom Communications Inc Class A0.27%
Home Depot Inc0.23%
Netapp Inc0.23%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%
Oracle Corp0.20%
S&P Global Inc0.20%
Technipfmc PLC0.19%
Oscar Health Inc - Class A0.17%

Only in PJFG

12 securities, 12.8% of PJFG by weight

Spotify Technology SA1.69%
Vertex Pharmaceuticals Inc1.61%
Taiwan Semiconductor Manufacturing Co Ltd1.58%
Cadence Design Systems Inc1.31%
Shopify Inc1.21%
Corning Inc1.17%
Walmart Inc1.05%
Boeing Co/The0.89%
Walt Disney Co/The0.82%
Constellation Energy Corp0.80%
Credo Technology Group Holding Ltd0.70%
Net Current Assets<0.01%

Weight gaps

All 26 Holdings in both funds, largest gap first.

Holding weights in FELG and PJFG, widest gap first
Holding	More in FELGMore in PJFG	FELG	PJFG
Amazon.com IncAMZN	PJFG +4.65 points	0.58%	5.23%
NVIDIA CorpNVDA	FELG +4.16 points	15.60%	11.44%
Mastercard Inc Class AMA	PJFG +2.34 points	1.87%	4.21%
Micron Technology IncMU	FELG +1.98 points	3.69%	1.71%
Ge AerospaceGE	PJFG +1.84 points	1.44%	3.28%
Advanced Micro Devices IncAMD	PJFG +1.80 points	2.28%	4.08%
Microsoft CorpMSFT	PJFG +1.58 points	5.40%	6.98%
Alphabet Inc Class AGOOGL	PJFG +1.54 points	6.48%	8.02%
Datadog Inc Class ADDOG	PJFG +1.49 points	0.21%	1.70%
Crowdstrike Holdings IncCRWD	PJFG +1.33 points	0.98%	2.31%
Snowflake IncSNOW	PJFG +1.29 points	0.55%	1.84%
Apple IncAAPL	FELG +1.28 points	8.80%	7.52%
Intuitive Surgical IncISRG	PJFG +1.27 points	0.00%	1.27%
Eli Lilly & CoLLY	PJFG +1.22 points	3.90%	5.13%
Costco Wholesale CorpCOST	PJFG +1.15 points	0.12%	1.27%
Cloudflare IncNET	PJFG +1.08 points	0.10%	1.18%
Vertiv Holdings CoVRT	PJFG +0.72 points	0.27%	0.99%
Space Exploration Tech Corp ASPCX	PJFG +0.64 points	0.19%	0.83%
Palantir Technologies IncPLTR	PJFG +0.62 points	1.02%	1.64%
Netflix IncNFLX	PJFG +0.60 points	0.88%	1.48%
Kla CorpKLAC	PJFG +0.57 points	0.78%	1.35%
Lam Research CorpLRCX	PJFG +0.37 points	0.63%	1.00%
Ge Vernova IncGEV	FELG +0.31 points	1.20%	0.89%
Meta Platforms Inc Class AMETA	PJFG +0.27 points	3.43%	3.70%
Broadcom IncAVGO	FELG +0.21 points	4.65%	4.44%
Tesla IncTSLA	PJFG +0.02 points	3.02%	3.04%

All 109 FELG holdings⁠All PJFG 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 PJFG Cost

Overpaying PJFG vs FELG

$10,733

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

FELG 0.18%
$3,749
PJFG 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
PJFG 0.75%
Overpaying

Year by year

Year	FELG	PJFG	Overpaying
10	$328	$1,336	$1,008
20	$1,281	$5,078	$3,797
30	$3,749	$14,482	$10,733

Expense ratio

0.18%FELG, cheaper
0.75%PJFG

FELG0.18%PJFG0.75%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

PJFG 72nd cheapest of 90 funds

FELG vs PJFG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%; PJFG No data
Payout (12M): FELG $0.16; PJFG None
Last payment: FELG $0.04; PJFG No data
Ex-dividend: FELG Sep 18, 2026; PJFG No data
Paid on: FELG Sep 22, 2026; PJFG No data
Frequency: FELG Quarterly; PJFG No data

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

PJFGAll PJFG payments⁠

No distribution history available.

FELG vs PJFG 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 2023PJFG 18.7%
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023PJFG 0.97
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023PJFG −24.2%since Dec 2022
Market sensitivityBeta, 5 years: FELG 1.23PJFG 1.28; Market = 1

FELG and PJFG 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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