FELG vs SSMG: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Virtus Silvant Small/Mid Growth ETF

SSMGCNYSE Arca

Overlap

1.1%by weight

Expense ratio

FELG −0.21pt a year

FELG0.18%SSMG0.39%

Avg volume · 30D

FELG 1585.8×the volume

FELG379KSSMG239

FELG vs SSMG Performance

Jul 31, 2026 – Oct 30, 2026

−0.6%FELG−9.4%SSMG

Expense ratio: FELG 0.18%, better; SSMG 0.39%
Fund size: FELG $5.78B; SSMG $3M
1Y total return: FELG −0.5%; SSMG No data
Yield (12M): FELG 0.37%; SSMG No data
Holdings: FELG 133; SSMG 83
Avg volume (30D): FELG 379K sh, better; SSMG 239 sh
NAV per share: FELG $42.20; SSMG $23.96
52W range

ETF.net Grade

Pillar letters and Scores for FELG, SSMG, with each pillar’s weight
Pillar	FELG	SSMG
Cost30% weight	A99Higher	A82
Mission25% weight	A82	Not scored
Risk15% weight	C51Higher	F19
Tradability15% weight	A85Higher	F8
Holdings10% weight	C52	A85Higher
Durability5% weight	A95Higher	D32

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and SSMG 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 SSMG 64th 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 64CPCLCPolen 5Perspectives Large Growth ETFScore 40
Rank 64CSSMGVirtus Silvant Small/Mid Growth ETFScore 40
Rank 64CTLGTouchstone Large Company Growth ETFScore 40

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

SSMGCVirtus Silvant Small/Mid 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.

SSMG Silvant brings its small/mid-cap growth playbook to an ETF wrapper: roughly 80 US names, hand-picked one at a time, priced under the typical active growth fund. Down-cap conviction in a shelf full of large-cap engines.

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.

SSMG The Fund seeks capital appreciation.

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.

SSMG Charges 0.39% a year against a 0.54% median for its active growth peer group. Cheap shelf space for a stock-picked portfolio.
Its conviction-growth cohort leans large-cap (JUSA, FELG, MAGS). SSMG fishes lower: US small- and mid-caps, about 80 holdings.
Actively run and focused: roughly 70 to 90 stocks the team ties to secular trends or company-specific growth drivers, chosen bottom-up rather than copied from an index.sec.gov yahoo.com

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.

SSMG Launched in 2026 with a small asset base and light trading, so the wrapper's record is short and spreads can be wider than on household-name funds.
The mandate is capital appreciation, full stop. This has not been an income payer.
Small- and mid-cap growth moves harder in both directions than large-cap growth, and with only about 80 names, individual stocks carry real weight.yahoo.com

Full FELG profile⁠

Full SSMG profile⁠

FELG vs SSMG Holdings

How FELG and SSMG differ

Overlap by weight

1.1%

Shared holdings make up 14.7% of SSMG and 1.1% of FELG.

Level by level

Holdings9 in both1.1%
Sector11 Sectors54.9%
Countryby domicile95.9%
Asset classEquity100%

Sector

Sector weights in FELG and SSMG, widest gap first
Sector	More in FELGMore in SSMG	FELG	SSMG
Technology	FELG +31.8 points	58.7%	26.9%
Industrials	SSMG +16.9 points	7.9%	24.8%
Health Care	SSMG +16.1 points	6.1%	22.1%
Communication	FELG +13.2 points	14.6%	1.4%
Consumer Discretionary	SSMG +4.6 points	6.4%	10.9%
Energy	SSMG +4.0 points	0.2%	4.2%
Utilities	SSMG +1.3 points	0.0%	1.3%
Financials	SSMG +0.8 points	5.5%	6.3%
Real Estate	SSMG +0.6 points	0.1%	0.7%
Materials	SSMG +0.7 points	0.5%	1.2%
Consumer Staples	FELG +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FELG and SSMG, widest gap first
Country	More in FELGMore in SSMG	FELG	SSMG
United States	FELG +4.1 points	100.0%	95.9%
Canada	SSMG +2.4 points	0.0%	2.4%
Israel	SSMG +0.9 points	0.0%	0.9%
India	SSMG +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
SSMG25.4%

Securities held

FELG131
SSMG82

Asset class

FELG: Equity
SSMG: Equity

Holdings

Only in FELG122
In both9
Only in SSMG73

Only in FELG

122 securities, 98.2% of FELG by weight

NVIDIA Corp15.60%
Apple Inc8.80%
Alphabet Inc Class A6.48%
Microsoft Corp5.40%
Broadcom Inc4.65%
Eli Lilly & Co3.90%
Micron Technology Inc3.69%
Meta Platforms Inc Class A3.43%
Tesla Inc3.02%
Alphabet Inc Class C2.61%
Advanced Micro Devices Inc2.28%
Mastercard Inc Class A1.87%
Visa Inc Class A1.54%
Ge Aerospace1.44%
Texas Instruments Inc1.42%
Applied Materials Inc1.22%
Ge Vernova Inc1.20%
Palantir Technologies Inc1.02%
Crowdstrike Holdings Inc0.98%
Caterpillar Inc0.94%
Western Digital Corp0.93%
Amphenol Corporation Class A0.90%
Netflix Inc0.88%
Sandisk Corporation0.84%
Trane Technologies PLC0.80%
Kla Corp0.78%
Adobe Inc0.76%
Airbnb Inc Class A0.75%
Fortinet Inc0.67%
Lam Research Corp0.63%
Expedia Inc0.63%
Amazon.com Inc0.58%
Gilead Sciences Inc0.56%
Snowflake Inc0.55%
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%
Cisco Systems Inc0.46%
Hubspot Inc0.45%
Palo Alto Networks Inc0.40%
Ciena Corp0.39%

Only in SSMG

73 securities, 83.6% of SSMG by weight

Halozyme Therapeutics Inc3.15%
Lindblad Expeditions Holdings Inc2.55%
FTAI Aviation Ltd2.52%
Celestica Inc2.36%
Bloom Energy Corp2.29%
SharkNinja Inc2.06%
Sterling Infrastructure Inc2.01%
XPO Inc1.99%
Graham Corp1.95%
Somnigroup International Inc1.84%
SiTime Corp1.71%
Carpenter Technology Corp1.67%
Tutor Perini Corp1.61%
IES Holdings Inc1.58%
Credo Technology Group Holding Ltd1.58%
TKO Group Holdings Inc1.49%
Talen Energy Corp1.47%
Guidewire Software Inc1.43%
Texas Roadhouse Inc1.41%
StoneX Group Inc1.40%
Onto Innovation Inc1.37%
Bridgebio Pharma Inc1.37%
Repligen Corp1.36%
Samsara Inc1.35%
HealthEquity Inc1.30%
Axsome Therapeutics Inc1.29%
Sensient Technologies Corp1.26%
DigitalOcean Holdings Inc1.25%
Commvault Systems Inc1.23%
Advanced Energy Industries Inc1.22%
Fabrinet1.20%
Dynatrace Inc1.16%
Ensign Group Inc/The1.14%
Krystal Biotech Inc1.11%
Life Time Group Holdings Inc1.10%
Viavi Solutions Inc1.08%
UFP Technologies Inc1.08%
AptarGroup Inc1.05%
Urban Outfitters Inc1.05%
Forgent Power Solutions Inc1.04%
Axon Enterprise Inc1.02%
Impinj Inc0.91%
Innodata Inc0.90%
Akamai Technologies Inc0.90%
DT Midstream Inc0.89%
Jones Lang LaSalle Inc0.89%
Tower Semiconductor Ltd0.88%
HCI Group Inc0.86%
MakeMyTrip Ltd0.82%
Agilysys Inc0.81%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in FELG and SSMG, widest gap first
Holding	More in FELGMore in SSMG	FELG	SSMG
Natera IncNTRA	SSMG +3.32 points	0.17%	3.49%
Technipfmc PLCFTI	SSMG +2.78 points	0.19%	2.97%
Applied Industrial Tech IncAIT	SSMG +1.54 points	0.08%	1.62%
Neurocrine Biosciences IncNBIX	SSMG +1.47 points	<0.01%	1.48%
Revolution Medicines IncRVMD	SSMG +1.37 points	0.03%	1.40%
Guardant Health IncGH	SSMG +1.12 points	0.09%	1.21%
Rocket Lab CorpRKLB	SSMG +1.07 points	0.02%	1.09%
Astera Labs IncALAB	SSMG +0.56 points	0.03%	0.59%
Unity Software IncU	SSMG +0.42 points	0.47%	0.89%

All 109 FELG holdings⁠All 82 SSMG 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 SSMG Cost

Overpaying SSMG vs FELG

$4,149

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

FELG 0.18%
$3,749
SSMG 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
SSMG 0.39%
Overpaying

Year by year

Year	FELG	SSMG	Overpaying
10	$328	$705	$377
20	$1,281	$2,725	$1,444
30	$3,749	$7,898	$4,149

Expense ratio

0.18%FELG, cheaper
0.39%SSMG

FELG0.18%SSMG0.39%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

SSMG 14th cheapest of 90 funds

FELG vs SSMG Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

SSMGAll SSMG payments⁠

No distribution history available.

FELG vs SSMG 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 2023SSMG No data
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023SSMG No data
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023SSMG No data
Market sensitivityBeta, 5 years: FELG 1.23SSMG 1.34; Market = 1

FELG and SSMG in the news

All news⁠

ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026FELG

Popular comparisons

FELGAvsJUSAA
Fidelity Enhanced Large Cap Growth ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.18% · 0.18%
Category
SSMGCvsJUSAA
Virtus Silvant Small/Mid Growth ETF · JPMorgan U.S. Research Enhanced Large Cap ETF
Expense ratio
0.39% · 0.18%
Category
FELGAvsGUSEA
Fidelity Enhanced Large Cap Growth ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.18% · 0.30%
Category
SSMGCvsGUSEA
Virtus Silvant Small/Mid Growth ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.39% · 0.30%
Category
FELGAvsLRGCA
Fidelity Enhanced Large Cap Growth ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.18% · 0.39%
Category
SSMGCvsLRGCA
Virtus Silvant Small/Mid Growth ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.39% · 0.39%
Category