FELG vs REGS

FELGAFidelity Enhanced Large Cap Growth ETF

REGSAColumbia Large Cap 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.

REGS A growth strategy with roots back to 1992, now in an ETF wrapper: Columbia splits one large-cap growth mandate across several sleeves instead of betting on a single stock picker, and charges less than the typical active fund hunting the same names.

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.

REGS The Columbia large-cap growth strategy seeks long-term capital appreciation. It invests at least 80% of assets in equity securities of large-capitalization companies and is managed through multiple large-cap growth sleeves.

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.

• REGS 0.35% a year. That is cheap for a stock-picking mandate and sits below the median fee in its active US large-cap growth peer group.
• Built in sleeves: the mandate runs through multiple large-cap growth teams, so one manager's cold spell does not steer the whole portfolio.
• At least 80% of assets stay in large-cap equities, with long-term capital appreciation as the stated goal. No style drift into small caps by design.
• Screens as one of the stronger options in a crowded field of active US growth ETFs, mostly on cost discipline and risk behavior.

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.

• REGS Small and thinly traded next to the household-name growth funds. Spreads can be wide, so the price you get depends on how you place the order.
• Cheaper ways to rent similar exposure exist: JUSA charges 0.12% and FELG 0.18%, both index-anchored enhanced large-cap funds.
• No declared index behind it. Returns track the managers' picks, which can look nothing like a standard growth benchmark in a given stretch.

Full FELG profile⁠

Full REGS profile⁠