FELG vs RILA

FELGAFidelity Enhanced Large Cap Growth ETF

RILACIndexperts Gorilla Aggressive 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.

RILA A 2025-vintage stock picker's fund: actively managed, with at least 80% of assets in US common stocks the adviser thinks can grow. It undercuts the typical fee in its active-growth peer group, and it is still small and thinly traded.

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.

RILA The Fund seeks long-term capital appreciation and is actively managed. It normally invests at least 80% of its assets in common stocks that the adviser believes have growth 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.

• RILA Costs 0.50% a year, a touch under the median for actively managed US growth ETFs. Human stock picking without a premium price tag.
• Does what the prospectus says: normally at least 80% in US common stocks chosen for growth potential, with the portfolio matching the stated mandate closely.
• The stock-level book is one of its stronger features, and the fund lands in the upper half of its active US growth peer group.
• Pays out quarterly, a standard cadence for an equity fund whose main job is capital appreciation rather than income.

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.

• RILA Small asset base and thin trading. That usually means wider bid-ask spreads than a mega-fund, which matters most on large or hurried orders.
• Launched in 2025, so the record is short and the risk read rests on limited history rather than a full market cycle.
• Highly rated rivals in the same lane cost far less: JUSA at 0.12% and FELG at 0.18%. Active conviction here is priced above the index-plus alternatives.

Full FELG profile⁠

Full RILA profile⁠