FELG vs VUSG: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

Vanguard Wellington U.S. Growth Active ETF

VUSGBCboe

Overlap

57.0%by weight

Expense ratio

FELG −0.17pt a year

FELG0.18%VUSG0.35%

Avg volume · 30D

FELG 4.6×the volume

FELG379KVUSG82.8K

FELG vs VUSG Performance

Dec 31, 2025 – Oct 30, 2026

+1.6%FELG+2.0%VUSG

Expense ratio: FELG 0.18%, better; VUSG 0.35%
Fund size: FELG $5.78B; VUSG $37M
1Y total return: FELG −0.5%; VUSG No data
Yield (12M): FELG 0.37%; VUSG No data
Holdings: FELG 133; VUSG 45
Avg volume (30D): FELG 379K sh, better; VUSG 82.8K sh
NAV per share: FELG $42.20; VUSG $62.05
52W range

ETF.net Grade

Pillar letters and Scores for FELG, VUSG, with each pillar’s weight
Pillar	FELG	VUSG
Cost30% weight	A99Higher	A93
Mission25% weight	A82	Not scored
Risk15% weight	C51	B58Higher
Tradability15% weight	A85Higher	C53
Holdings10% weight	C52Higher	D33
Durability5% weight	A95Higher	D38

Rank among US Active Growth funds

How we build Categories ›

Same Category. FELG and VUSG 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 VUSG 13th 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 13BLGDSJPMorgan Fundamental Data Science Large Growth ETFScore 66
Rank 13BVUSGVanguard Wellington U.S. Growth Active ETFScore 66
Rank 16BLRGEClearBridge Large Cap Growth Select ETFScore 65

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

VUSGBVanguard Wellington U.S. Growth Active 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.

VUSG No data

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.

VUSG No data

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.

VUSG No data

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.

VUSG No data

Full FELG profile⁠

Full VUSG profile⁠

FELG vs VUSG Holdings

How FELG and VUSG differ

Overlap by weight

57.0%

Shared holdings make up 76.8% of VUSG and 64.5% of FELG.

Level by level

Holdings21 in both57.0%
Asset classEquity100%
Countryby domicile100%

Sector

No Sector split for VUSG.

Country, concentration and asset class

Country by domicile

Country weights in FELG and VUSG, widest gap first
Country	More in FELGMore in VUSG	FELG	VUSG
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

FELG57.6%
VUSG65.4%

Securities held

FELG131
VUSG43

Asset class

FELG: Equity
VUSG: Equity

Holdings

Only in FELG110
In both21
Only in VUSG22

Only in FELG

110 securities, 34.8% of FELG by weight

Alphabet Inc Class C2.61%
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%
Trane Technologies PLC0.80%
Adobe Inc0.76%
Fortinet Inc0.67%
Expedia Inc0.63%
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%
Seagate Techn Holdings PLC0.38%
Chime Financial Inc0.37%
Incyte Corp0.35%
Eaton Corp PLC0.34%
Lyft Inc0.34%
Docusign Inc0.32%
Arista Networks Inc0.31%
Veralto Corp0.30%
Quanta Svcs Inc0.30%
Travere Therapeutics Inc0.30%
Vertiv Holdings Co0.27%
Zoom Communications Inc Class A0.27%
Home Depot Inc0.23%
Netapp Inc0.23%
Ross Stores Inc0.22%
Draftkings Holdings Inc0.22%
Datadog Inc Class A0.21%

Only in VUSG

22 securities, 22.2% of VUSG by weight

Taiwan Semiconductor-Sp Adr2.94%
Coherent Corp1.79%
MercadoLibre Inc1.57%
Bloom Energy Corp1.49%
Welltower Inc1.47%
Samsara Inc1.25%
Shopify Inc1.13%
Asml Holding Nv-Ny Reg Shs1.10%
Axon Enterprise Inc1.09%
HA Sustainable Infrastructure Capital Inc0.97%
DoorDash Inc0.86%
Clean Harbors Inc0.81%
iShares Russell 1000 Growth ETF0.80%
Argenx SE - Adr0.77%
Grab Holdings Ltd0.74%
Champion Homes Inc0.69%
Regal Rexnord Corp0.68%
Nextpower Inc0.63%
Vertex Pharmaceuticals Inc0.57%
Coupang Inc0.54%
Flutter Entertainment PLC0.25%
Quantinuum Inc0.05%

Weight gaps

All 21 Holdings in both funds, largest gap first.

Holding weights in FELG and VUSG, widest gap first
Holding	More in FELGMore in VUSG	FELG	VUSG
Alphabet Inc Class AGOOGL	VUSG +5.53 points	6.48%	12.01%
Apple IncAAPL	FELG +4.13 points	8.80%	4.67%
Advanced Micro Devices IncAMD	VUSG +1.88 points	2.28%	4.16%
Micron Technology IncMU	VUSG +1.65 points	3.69%	5.34%
Microsoft CorpMSFT	VUSG +1.64 points	5.40%	7.04%
Natera IncNTRA	VUSG +1.60 points	0.17%	1.77%
Amazon.com IncAMZN	VUSG +1.57 points	0.58%	2.15%
NVIDIA CorpNVDA	VUSG +1.56 points	15.60%	17.16%
Tesla IncTSLA	FELG +1.51 points	3.02%	1.51%
Mastercard Inc Class AMA	VUSG +1.25 points	1.87%	3.12%
Revolution Medicines IncRVMD	VUSG +0.90 points	0.03%	0.93%
Meta Platforms Inc Class AMETA	FELG +0.69 points	3.43%	2.74%
Unity Software IncU	VUSG +0.68 points	0.47%	1.15%
Netflix IncNFLX	FELG +0.59 points	0.88%	0.29%
Sandisk CorporationSNDK	VUSG +0.47 points	0.84%	1.31%
Broadcom IncAVGO	VUSG +0.46 points	4.65%	5.11%
Lam Research CorpLRCX	VUSG +0.40 points	0.63%	1.03%
Kla CorpKLAC	FELG +0.34 points	0.78%	0.44%
Airbnb Inc Class AABNB	VUSG +0.14 points	0.75%	0.89%
Space Exploration Tech Corp ASPCX	FELG +0.08 points	0.19%	0.11%
Eli Lilly & CoLLY	FELG +0.08 points	3.90%	3.83%

All 109 FELG holdings⁠All VUSG 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 VUSG Cost

Overpaying VUSG vs FELG

$3,377

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

FELG 0.18%
$3,749
VUSG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
VUSG 0.35%
Overpaying

Year by year

Year	FELG	VUSG	Overpaying
10	$328	$634	$306
20	$1,281	$2,454	$1,173
30	$3,749	$7,126	$3,377

Expense ratio

0.18%FELG, cheaper
0.35%VUSG

FELG0.18%VUSG0.35%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

VUSG 5th cheapest of 90 funds

FELG vs VUSG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELG 0.37%; VUSG No data
Payout (12M): FELG $0.16; VUSG No data
Last payment: FELG $0.04; VUSG $0.01
Ex-dividend: FELG Sep 18, 2026; VUSG Dec 23, 2025
Paid on: FELG Sep 22, 2026; VUSG Dec 26, 2025
Frequency: FELG Quarterly; VUSG Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

VUSGIrregular · 1 paymentAll VUSG payments⁠

FELG vs VUSG 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 2023VUSG No data
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023VUSG No data
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023VUSG No data
Market sensitivityBeta, 5 years: FELG 1.23VUSG 1.30; Market = 1

FELG and VUSG in the news

All news⁠

ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026FELG
ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
Sep 21, 2026VUSG

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FELG vs VUSG

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and VUSG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in VUSG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF

Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million

How FELG and VUSG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in VUSG

Weight gaps