FELG vs ZDIS: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Growth ETF

FELGANYSE Arca

VIRTUS ZEVENBERGEN DISCOVERY GROWTH ETF

ZDIS—NYSE Arca

Overlap

14.1%by weight

Expense ratio

FELG −0.57pt a year

FELG0.18%ZDIS0.75%

Avg volume · 30D

FELG 189.6×the volume

FELG368KZDIS1.94K

FELG vs ZDIS Performance

Oct 9, 2026 – Nov 9, 2026

−10.6%FELG−15.4%ZDIS

Expense ratio: FELG 0.18%, better; ZDIS 0.75%
Fund size: FELG $5.44B; ZDIS $56M
1Y total return: FELG −0.2%; ZDIS No data
Yield (12M): FELG 0.38%; ZDIS No data
Holdings: FELG 137; ZDIS 31
Avg volume (30D): FELG 368K sh, better; ZDIS 1.94K sh
NAV per share: FELG $41.08; ZDIS $50.98
52W range

ETF.net Grade

—ZDISNot yet graded

Pillar letters and Scores for FELG, ZDIS, with each pillar’s weight
Pillar	FELG	ZDIS
Cost30% weight	A99	Not scored
Mission25% weight	A82	Not scored
Risk15% weight	C53	Not scored
Tradability15% weight	A93	Not scored
Holdings10% weight	C53	Not scored
Durability5% weight	A95	Not scored

Rank among US Active Growth funds

How we build Categories ›

US Active Growth⁠

Category · 90 funds

See all 90 ›

FELG ranks 4th 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 83
Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 82
Rank 5AGQQQAstoria US Quality Growth Kings ETFScore 77
ZDISNot yet graded

Our read on each fund

ETF.net Research

FELGAFidelity Enhanced Large Cap Growth ETF

ZDIS—VIRTUS ZEVENBERGEN DISCOVERY 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.

ZDIS 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.

ZDIS 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.

ZDIS 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.

ZDIS No data

Full FELG profile⁠

Full ZDIS profile⁠

FELG vs ZDIS Holdings

How FELG and ZDIS differ

Overlap by weight

14.1%

Shared holdings make up 44.7% of ZDIS and 20.4% of FELG.

Level by level

Holdings10 in both14.1%
Sector11 Sectors73.2%
Countryby domicile83.0%
Asset classStocks100%

Sector

Sector weights in FELG and ZDIS, widest gap first
Sector	Gap	FELG	ZDIS
Consumer Discretionary	ZDIS +13.5 points	6.1%	19.6%
Industrials	ZDIS +13.4 points	8.7%	22.1%
Technology	FELG +9.7 points	56.6%	46.9%
Health Care	FELG +6.6 points	6.6%	0.0%
Financials	FELG +6.4 points	6.4%	0.0%
Communication	FELG +2.6 points	14.0%	11.4%
Consumer Staples	FELG +0.6 points	0.6%	0.0%
Materials	FELG +0.6 points	0.6%	0.0%
Energy	FELG +0.2 points	0.2%	0.0%
Real Estate	FELG +0.1 points	0.1%	0.0%
Utilities	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FELG and ZDIS, widest gap first
Country	Gap	FELG	ZDIS
United States	FELG +17.0 points	100.0%	83.0%
Canada	ZDIS +6.8 points	0.0%	6.8%
Brazil	ZDIS +5.5 points	0.0%	5.5%
Netherlands	ZDIS +3.5 points	0.0%	3.5%
China	ZDIS +1.2 points	0.0%	1.2%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FELG57.7%
ZDIS59.0%

Securities held

FELG135
ZDIS30

Asset class

FELG: Stocks
ZDIS: Stocks

Holdings

Only in FELG125
In both10
Only in ZDIS20

Only in FELG

125 securities, 79.0% of FELG by weight

Apple Inc9.37%
Alphabet Inc Class A6.98%
Microsoft Corp5.88%
Broadcom Inc4.30%
Eli Lilly & Co4.09%
Meta Platforms Inc Class A3.65%
Micron Technology Inc2.98%
Alphabet Inc Class C2.76%
Mastercard Inc Class A2.08%
Advanced Micro Devices Inc1.90%
Visa Inc Class A1.83%
Ge Aerospace1.61%
Texas Instruments Inc1.23%
Ge Vernova Inc1.14%
Netflix Inc1.06%
Palantir Technologies Inc0.91%
Amphenol Corporation Class A0.89%
Airbnb Inc Class A0.89%
Caterpillar Inc0.88%
Trane Technologies PLC0.81%
Applied Materials Inc0.77%
Adobe Inc0.76%
Kla Corp0.70%
Western Digital Corp0.70%
Unity Software Inc0.67%
Sandisk Corporation0.63%
Uber Technologies Inc0.62%
Fortinet Inc0.62%
Howmet Aerospace Inc0.59%
Expedia Inc0.59%
Schwab Charles Corp0.59%
Bank of New York Mellon Corp0.57%
Gilead Sciences Inc0.56%
Bristol-Myers Squibb Co0.56%
Ecolab Inc0.55%
Bank of America Corporation0.53%
Rtx Corp0.53%
Atlassian Corp PLC Cls A0.47%
Lam Research Corp0.45%
Chime Financial Inc0.44%
Cisco Systems Inc0.43%
Vertiv Holdings Co0.42%
Comfort Systems Usa Inc0.41%
Hubspot Inc0.40%
Keysight Technologies Inc0.39%
Veralto Corp0.39%
Lyft Inc0.39%
Palo Alto Networks Inc0.36%
Incyte Corp0.35%
Eaton Corp PLC0.32%

Only in ZDIS

20 securities, 55.1% of ZDIS by weight

Shopify Inc9.22%
MercadoLibre Inc5.90%
Credo Technology Group Holding Ltd4.09%
Axon Enterprise Inc4.01%
Bloom Energy Corp3.98%
Spotify Technology SA3.29%
Toast Inc3.12%
Karman Holdings Inc2.80%
Samsara Inc2.75%
Xometry Inc2.37%
Rubrik Inc2.27%
Nebius Group NV2.12%
ARM Holdings PLC1.65%
Coherent Corp1.55%
IonQ Inc1.51%
AppLovin Corp1.38%
Symbotic Inc1.11%
Contemporary Amperex Technology Co Ltd1.08%
nLight Inc0.62%
Kraken Robotics Inc0.34%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in FELG and ZDIS, widest gap first
Holding	Gap	FELG	ZDIS
NVIDIA CorpNVDA	FELG +6.32 points	14.81%	8.49%
Tesla IncTSLA	ZDIS +6.29 points	2.93%	9.22%
Space Exploration Tech Corp ASPCX	ZDIS +4.79 points	0.25%	5.04%
Snowflake IncSNOW	ZDIS +4.70 points	0.50%	5.20%
Rocket Lab CorpRKLB	ZDIS +3.70 points	0.02%	3.72%
Datadog Inc Class ADDOG	ZDIS +3.62 points	0.08%	3.70%
Amazon.com IncAMZN	ZDIS +3.22 points	0.67%	3.89%
Crowdstrike Holdings IncCRWD	ZDIS +2.85 points	0.92%	3.77%
Draftkings Holdings IncDKNG	ZDIS +0.91 points	0.21%	1.12%
Rivian Automotive IncRIVN	ZDIS +0.47 points	0.06%	0.53%

All 109 FELG holdings⁠All 32 ZDIS 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 ZDIS Cost

Overpaying ZDIS vs FELG

$10,733

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

FELG 0.18%
$3,749
ZDIS 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

FELG 0.18%
ZDIS 0.75%
Overpaying

Year by year

Year	FELG	ZDIS	Overpaying
10	$328	$1,336	$1,008
20	$1,281	$5,078	$3,797
30	$3,749	$14,482	$10,733

Expense ratio

0.18%FELG, cheaper
0.75%ZDIS

FELG0.18%ZDIS0.75%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

FELG cheapest of 90 funds

ZDIS 72nd cheapest of 90 funds

FELG vs ZDIS Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FELG 0.38%; ZDIS No data
Payout (12M): FELG $0.16; ZDIS None
Last payment: FELG $0.04; ZDIS No data
Ex-dividend: FELG Sep 18, 2026; ZDIS No data
Paid on: FELG Sep 22, 2026; ZDIS No data
Frequency: FELG Quarterly; ZDIS No data

Distribution history

Per share, 2023 to 2026, same scale for both

FELGQuarterly · 14 paymentsAll FELG payments⁠

ZDISAll ZDIS payments⁠

No distribution history available.

FELG vs ZDIS 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 2023ZDIS No data
Return per unit of riskSharpe ratio, 3 years: FELG 0.93since Dec 2023ZDIS No data
Worst fallMax drawdown, 5 years: FELG −23.9%since Nov 2023ZDIS No data
Market sensitivityBeta, 5 years: FELG 1.26ZDIS 1.89; Market = 1

FELG and ZDIS in the news

All news⁠

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

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FELG vs ZDIS

In short

Stated mandate

Why people hold it

Worth knowing

How FELG and ZDIS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in ZDIS

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

How FELG and ZDIS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELG

Only in ZDIS

Weight gaps