AFGR vs FFLG
First Trust Active Factor Large Cap Growth ETF vs Fidelity Fundamental Large Cap Growth ETF
Which is better, AFGR or FFLG?
Nearly the same fund. FFLG costs less.
FFLG has a lower expense ratio. FFLG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. AFGR is less concentrated, with 47.0% of the fund in its ten largest positions against 57.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AFGR | FFLG |
|---|---|---|
| Expense Ratio | 0.65% | 0.38%Best |
| AUM | $93M | $635M |
| Dividend Yield | 0.01% | 0.07% |
| Holdings | 91 | 202 |
| YTD Return | +7.06% | +11.11%Best |
| 1Y Return | +5.34% | +14.85%Best |
| 3Y Return (annualized) | +21.98% | +25.80%Best |
| 5Y Return (annualized) | +6.15% | +9.81%Best |
| Volatility (annualized) | 20.9%Best | 22.0% |
| Max Drawdown | -46.0% | -44.6%Best |
| $10,000 over 5 years | $13,477 | $15,966Best |
| Top 10 Weight | 47.0%Best | 57.3% |
| Fund Family | First Trust Portfolios (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 20, 2020 | Feb 2, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2021 to Oct 14, 2026 (5.7 years).
AFGR vs FFLG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.7 years both funds cover.
AFGR vs FFLG Performance
First Trust Active Factor Large Cap Growth ETF (AFGR) is an ETF from First Trust Portfolios (US) and Fidelity Fundamental Large Cap Growth ETF (FFLG) is an ETF from Fidelity Investments (US). Over the past year AFGR returned +5.34% while FFLG returned +14.85%. Year to date, AFGR is up 7.06% versus a gain of 11.11% for FFLG.
Over three years, AFGR compounded at +21.98% per year against +25.80% for FFLG; over five years the annualized figures are +6.15% and +9.81% respectively. Across the full 6-year window we track, FFLG has the edge at +9.42% annualized vs +7.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FFLG has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 20.9% for AFGR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.0% for AFGR and -44.6% for FFLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AFGR charges 0.65% per year while FFLG charges 0.38%. On a $10,000 position that is $65 vs $38 annually, a gap of $27 per year that compounds over a long holding period. On income, AFGR currently yields 0.01% against 0.07% for FFLG.
Holdings Overlap
67.2% of AFGR's money is in holdings FFLG also owns. 71.6% of FFLG's money is in holdings AFGR also owns.
Most of FFLG is already inside AFGR. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 90 positions we hold weights for in AFGR and 101 in FFLG, against full books of 91 and 202.
What only one of them owns
Our book lists 52 positions for FFLG that do not appear in our book for AFGR (21.7% of the fund), and 54 for AFGR that do not appear in FFLG (32.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AFGR | Weight in FFLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.92% | 17.18% | 6.26% |
| GOOGLAlphabet Inc | 10.83% | 11.36% | 0.53% |
| AAPLApple, Inc | 4.39% | 7.13% | 2.74% |
| MSFTMicrosoft Corp | 4.43% | 4.21% | 0.22% |
| AMZNAmazon.Com Inc | 3.94% | 2.88% | 1.06% |
| METAMeta Platforms Inc | 2.98% | 3.05% | 0.07% |
| AVGOBroadcom Inc | 3.08% | 2.64% | 0.44% |
| MUMicron Technology, Inc. | 2.14% | 3.50% | 1.36% |
| LLYEli Lilly & Co. | 1.41% | 3.11% | 1.70% |
| AMDAdvanced Micro Devices Inc | 2.27% | 1.45% | 0.82% |
71.6% of FFLG is already inside AFGR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AFGR or FFLG?
AFGR has an expense ratio of 0.65% while FFLG charges 0.38%. FFLG is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, AFGR or FFLG?
Over the past year AFGR returned +5.34% vs +14.85% for FFLG, so FFLG leads on 1-year performance. Over the longest common window we track (6 years), AFGR annualized +7.46% vs +9.42% for FFLG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFGR or FFLG?
FFLG has been the more volatile fund at 22.0% annualized versus 20.9% for AFGR. Worst drawdown: AFGR -46.0% vs FFLG -44.6%.
Should I hold both AFGR and FFLG?
AFGR and FFLG have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AFGR and FFLG?
71.6% of FFLG's money is in holdings AFGR also owns. 71.6% of FFLG's is in holdings AFGR also owns. They hold 35 positions in common, counted across the 90 positions we hold weights for in AFGR and 101 in FFLG.
Which pays a higher dividend, AFGR or FFLG?
AFGR yields 0.01% while FFLG yields 0.07%, so FFLG currently pays the higher dividend yield.
Is FFLG better than AFGR?
FFLG has a lower expense ratio. FFLG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. AFGR is less concentrated, with 47.0% of the fund in its ten largest positions against 57.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.