Fidelity Enhanced Large Cap Growth ETF

FELG

Market cap $4.36B

Overview Fund Activity

40.32 USD

+0.19

0.47%

At close Updated Sep 12, 4:00 PM EDT

1 day

0.47%

5 days

1.95%

1 month

2.94%

3 months

12.47%

6 months

25.49%

Year to date

14.16%

1 year

25.49%

5 years

60%

10 years

60%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

322% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 9

133% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 7 (+4) [Q2]

85% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 39

36% more capital invested

Capital invested by funds: $796M [Q1] → $1.08B (+$287M) [Q2]

19% more funds holding

Funds holding: 142 [Q1] → 169 (+27) [Q2]

3.16% more ownership

Funds ownership: 26.3% [Q1] → 29.47% (+3.16%) [Q2]

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Financial journalist opinion

FELG: Aggressive Positioning Amid Macro Challenges

FELG offers high growth exposure but is heavily concentrated, increasing idiosyncratic risk and potential volatility. Current macroeconomic signals—slowing GDP, softening labor market, and inflation pressures—warrant caution for aggressive growth allocations. Despite admirable long-term returns, FELG has underperformed recently and faces competition from cheaper, better-performing growth ETFs.

FELG: Aggressive Positioning Amid Macro Challenges

Under the Hood of Fidelity's Enhanced Growth & Value ETFs

Many investors look to large-cap growth or value ETFs for core equity exposure. Fidelity has two funds in its Enhanced ETF suite that may be able to add a growth or value tilt to a portfolio's equity exposure: the Fidelity Enhanced Large Cap Growth ETF (FELG) and the Fidelity Enhanced Large Cap Value ETF (FELV).

Under the Hood of Fidelity's Enhanced Growth & Value ETFs

FELG: Dynamic Strategy Falls Short Of Long-Term Outperformance

The Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher expense ratio and turnover rate compared to other growth funds, potentially dragging long-term performance. FELG's dynamic portfolio adjustment strategy has not consistently reduced downside risk or outperformed other growth funds like VUG and IWF in the past. The fund's heavy exposure to the technology sector aligns with growth trends but is comparable to other growth funds, offering no significant advantage.

FELG: Dynamic Strategy Falls Short Of Long-Term Outperformance

Fidelity Crosses $100 Billion ETF Milestone

In mid-November, Fidelity Investments joined the select ‘$100 billion in ETF assets' club. While the firm still has a sizable presence in the mutual fund world, Fidelity's ETFs have been gaining traction in 2024.

Fidelity Crosses $100 Billion ETF Milestone

FELG: Honest Growth ETF With No Edge Over Competitors

The Fidelity Enhanced Large Cap Growth ETF is an actively managed fund aiming to outperform the Russell 1000 Growth Index. The portfolio is heavily weighted in mega-cap companies and the information technology sector, with significant exposure to semiconductors and software. FELG has underperformed its benchmark since inception but has shown better performance in shorter time frames, particularly in 2024.

FELG: Honest Growth ETF With No Edge Over Competitors

6 ETFs to Enhance Your Equity Portfolio

While some debate the merits of active versus passive investment, advisors and investors no longer have to choose one over the other. The Fidelity Enhanced ETFs offer the best of both worlds by providing exposures similar to core equity benchmarks but with the benefits of active management.

6 ETFs to Enhance Your Equity Portfolio

Fidelity Offers Core Equity Exposure with Active Benefits

Many funds exist for equity investors, but few combine the benefits of core exposures alongside active management. The Fidelity Enhanced ETF suite seeks to outperform its benchmarks through its active strategy.

Fidelity Offers Core Equity Exposure with Active Benefits

FELG: A Leaner Alternative To SCHG, Outperforming For Now

Converted to an ETF in November 2023, the actively managed Fidelity Enhanced Large Cap Growth ETF has seen some notable momentum amid the rally in long-duration equities. While having an over 76% overlap with SCHG, FELG has a marginally softer growth profile but better capital efficiency characteristics and a slightly larger value exposure. I am impressed by its performance, but its expense ratio is higher than SCHG's and its liquidity is less appealing.

Whichever Direction Rates Move, Consider Looking to Fidelity ETFs

The debate around economic resilience and the direction of inflation and interest rates continues into summer. Fidelity offers an array of ETFs to reflect your portfolio's position on the path of interest rates looking ahead.

The Potential Benefits of Fidelity's Enhanced ETF Core Equity Suite

A plethora of strategies exist for investors looking for core equity exposure, but investors may want to consider the Fidelity Enhanced ETF equity suite. These ETFs, converted from mutual funds last November, carried over 15 years of trading for the strategies while seeking to outperform their various benchmarks.

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