FELG vs SGRT

FELGAFidelity Enhanced Large Cap Growth ETF

SGRTCSMART Earnings Growth 30 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.

SGRT Active, concentrated, and unapologetic about it: a compact roster of U.S. large caps picked for earnings growing faster than the market, with the S&P 500 as the yardstick. Launched in 2025, so the record is still being written.

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.

SGRT The Fund seeks long-term capital appreciation. It actively invests in U.S.-listed large-cap equities selected for potential above-market earnings growth versus broader equity markets.

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.

• SGRT The mandate is specific: actively pick U.S.-listed large caps with above-market earnings growth, and get measured against the S&P 500. Easy to hold accountable.
• The "30" is the strategy. A compact roster means each holding carries real weight, unlike a broad index sleeve where one winner barely moves the needle.
• Not a fund you trade by appointment: it changes hands with reasonable regularity for something this new.
• Standard 1940 Act ETF plumbing behind it, so no exotic wrapper to decode before you look at the holdings.

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.

• SGRT At 0.59% it prices above the typical fee in its group, and peers working the same enhanced large-cap idea charge far less: JUSA at 0.12%, FELG at 0.18%.
• A 2025 launch means the track record is short and has not yet spanned a full market cycle, so the stock picking is largely untested.
• Concentration cuts both ways: with few names, a single earnings miss lands harder than it would across a 500-stock portfolio.

Full FELG profile⁠

Full SGRT profile⁠