FELG vs VGRO

FELGAFidelity Enhanced Large Cap Growth ETF

VGROCVirtus Silvant Growth Opportunities 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.

VGRO Virtus hands the Silvant team an ETF wrapper and one job: pick U.S. stocks with above-average growth potential. Active stock-picking, priced closer to an index fund than to its stock-picking peers.

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.

VGRO The Fund seeks capital appreciation by investing primarily in U.S. equity securities that the sub-adviser considers to have above-average 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.

• VGRO Charges 0.35% a year, well under the median for its active U.S. growth peer group. Active management without the usual active toll.
• Fee sits in the same neighborhood as heavyweight rivals GUSE and MAGS (0.30%) and undercuts LRGC (0.39%).
• A mandate you can say in one breath: capital appreciation from U.S. equities the sub-adviser judges to have above-average growth potential. No hedges, no overlays.
• Standard 1940 Act ETF structure: daily-traded, no K-1, the plumbing most investors already know.

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.

• VGRO Launched December 2025. The strategy is new in this wrapper, so there is little live record to judge the stock-picking against.
• Small asset base and light trading volume. Spreads can run wider than at the big names in the category, which matters most on larger orders.
• Built for capital appreciation, not income. Growth mandates like this one lean on share-price gains rather than a payout stream.

Full FELG profile⁠

Full VGRO profile⁠