FELG vs QDVO

FELGAFidelity Enhanced Large Cap Growth ETF

QDVOBAmplify CWP Growth & Income 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.

QDVO Most option-income funds chase the payout and let growth ride in back. QDVO flips the order: a concentrated book of U.S. growth stocks first, with call writing used tactically on individual names to generate monthly income second.

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.

QDVO The actively managed Fund seeks capital appreciation primarily and high current income secondarily. It invests mainly in growth-oriented U.S. equities and tactically writes call options to seek additional income.

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.

• QDVO Growth leads by mandate. Capital appreciation is the primary objective and income the secondary one, with calls written tactically instead of blanketed across the whole portfolio.
• A 0.56% expense ratio sits well under the going rate for actively managed option-income ETFs, and matches what Amplify charges on its dividend-side sibling, DIVO.
• Same Capital Wealth Planning shop that runs DIVO, pointed at growth names instead of dividend payers. It stands among the stronger builds in a crowded option-income field.
• Pays monthly and changes hands readily, so building or trimming a position doesn't mean fighting the order book.

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.

• QDVO Every call written trades away some upside on that holding. Writing selectively limits the drag, but in a sharp growth rally you own less of the run.
• Launched in 2024, so there's no full market cycle on the tape yet and the risk record is still short.
• Roughly 40 growth names means a single-stock stumble lands harder here than it would in a broad index fund.

Full FELG profile⁠

Full QDVO profile⁠