AWEG vs FEMG
Alger Weatherbie Enduring Growth ETF vs Fidelity Enhanced Mid Cap Growth ETF
Which is better, AWEG or FEMG?
FEMG costs less.
FEMG has a lower expense ratio.
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 | AWEG | FEMG |
|---|---|---|
| Expense Ratio | 0.65% | 0.23%Best |
| AUM | $5M | $6M |
| Dividend Yield | 3.70% | 0.19% |
| Holdings | 25 | 168 |
| Volatility (annualized) | 18.1% | - |
| Max Drawdown | -27.0% | - |
| Fund Family | Alger | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Mar 6, 2023 | Apr 28, 2026 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), $10,000 over the window, Top 10 Weight.
The two price series end 294 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AWEG has data through Dec 24, 2025 and FEMG through Oct 14, 2026.
Fees and Cost Over Time
AWEG charges 0.65% per year while FEMG charges 0.23%. On a $10,000 position that is $65 vs $23 annually, a gap of $42 per year that compounds over a long holding period. On income, AWEG currently yields 3.70% against 0.19% for FEMG.
Holdings Overlap
At least 4.4% of FEMG's money is in holdings AWEG also owns.
Stated as a floor: for AWEG, our book for it covers 90.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
FEMG and AWEG share little of their money.
The two holdings books were reported 336 days apart, AWEG as of Oct 31, 2025 and FEMG as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
7 positions in common, counted across the 23 positions we hold weights for in AWEG and 169 in FEMG, against full books of 25 and 168.
You are not choosing between two funds in isolation.
Whichever of AWEG and FEMG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AWEG or FEMG?
AWEG has an expense ratio of 0.65% while FEMG charges 0.23%. FEMG is the cheaper option, by $42 a year on a $10,000 investment.
What is the holdings overlap between AWEG and FEMG?
At least 4.4% of FEMG's money is in holdings AWEG also owns. Our book for AWEG is partial, so the real figure is this or higher. They hold 7 positions in common, counted across the 23 positions we hold weights for in AWEG and 169 in FEMG.
Which pays a higher dividend, AWEG or FEMG?
AWEG yields 3.70% while FEMG yields 0.19%, so AWEG currently pays the higher dividend yield.
Is FEMG better than AWEG?
FEMG has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.