FELG vs SXQG

FELGAFidelity Enhanced Large Cap Growth ETF

SXQGCETC 6 Meridian Quality 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.

SXQG Born in 2021 as a Wichita advisor's in-house quant model: roughly 80 US stocks screened for profitability and balance-sheet discipline, micro-caps and illiquid laggards cut first. Costs 0.55%, near the going rate for active growth.

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.

SXQG The Fund seeks capital appreciation through active investment primarily in equity securities, mainly common stocks. Its quantitative selection process emphasizes companies with comparatively high quality and growth characteristics.

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.

• SXQG Quality here means numbers: high and improving profitability, low leverage and default risk, and companies funding dividends and buybacks without leaning on new stock or debt.sec.gov
• The model clears the deck first, cutting stocks under $500 million in size plus weak liquidity and poor 12-month momentum, then builds a concentrated book of about 80 names.sec.gov
• 0.55% a year, near the typical fee for active US growth funds, with no waiver propping that number up. The fund sits in the upper half of its peer group.
• Active and all-cap: the screen can reach into mid caps instead of stopping at the mega-cap growth names, which is where most of this category lives.sec.gov

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.

• SXQG Small fund, light volume. The spread you pay getting in and out can matter more here than the expense ratio.
• Cheaper competition measured against the same Russell 1000 Growth benchmark: FELG charges 0.18%.
• Non-diversified by design. With about 80 names and a top-heavy build, individual stocks swing the result more than in a broad index fund.sec.gov

Full FELG profile⁠

Full SXQG profile⁠