FELC vs RJMG
Fidelity Enhanced Large Cap Core ETF vs FT Raymond James Multicap Growth Equity ETF
Which is better, FELC or RJMG?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. RJMG is less concentrated, with 29.2% of the fund in its ten largest positions against 40.1%.
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 | FELC | RJMG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.85% |
| AUM | $8.6B | $11M |
| Dividend Yield | 0.83% | 0.00% |
| Holdings | 590 | 41 |
| Volatility (annualized) | 10.7%Best | 14.8% |
| Max Drawdown | -18.6%Best | -25.4% |
| $10,000 over 2 years | $14,852Best | $13,729 |
| Top 10 Weight | 40.1% | 29.2%Best |
| Fund Family | Fidelity Investments (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 12, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 278 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FELC has data through Oct 14, 2026 and RJMG through Jan 9, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Jan 18, 2024 to Jan 9, 2026 (2 years).
Risk: Volatility and Drawdowns
RJMG has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 10.7% for FELC. 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 -18.6% for FELC and -25.4% for RJMG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELC charges 0.18% per year while RJMG charges 0.85%. On a $10,000 position that is $18 vs $85 annually, a gap of $67 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.00% for RJMG.
Holdings Overlap
19.5% of FELC's money is in holdings RJMG also owns. 48.6% of RJMG's money is in holdings FELC also owns.
The two portfolios partly overlap.
The two holdings books were reported 336 days apart, FELC as of Oct 2, 2026 and RJMG as of Oct 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
19 positions in common, counted across the 300 positions we hold weights for in FELC and 40 in RJMG, against full books of 590 and 41.
What only one of them owns
Our book lists 20 positions for RJMG that do not appear in our book for FELC (49.0% of the fund), and 198 for FELC that do not appear in RJMG (79.9%).
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 FELC | Weight in RJMG | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.08% | 2.44% | 2.64% |
| GOOGLAlphabet Inc | 3.35% | 2.78% | 0.57% |
| MUMicron Technology, Inc. | 2.04% | 3.70% | 1.66% |
| METAMeta Platforms Inc | 2.38% | 2.03% | 0.35% |
| CIENCiena Corp | 0.38% | 3.53% | 3.15% |
| MAMastercard Inc | 1.10% | 2.32% | 1.22% |
| VVisa Inc Class A | 0.91% | 2.46% | 1.55% |
| WELLWelltower, Inc. | 0.48% | 2.75% | 2.27% |
| DELLDell Technologies Inc | 0.16% | 2.93% | 2.77% |
| UBERUber Technologies Inc | 0.69% | 2.33% | 1.64% |
48.6% of RJMG is already inside FELC.
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, FELC or RJMG?
FELC has an expense ratio of 0.18% while RJMG charges 0.85%. FELC is the cheaper option, by $67 a year on a $10,000 investment.
Which is riskier, FELC or RJMG?
RJMG has been the more volatile fund at 14.8% annualized versus 10.7% for FELC. Worst drawdown: FELC -18.6% vs RJMG -25.4%.
Should I hold both FELC and RJMG?
FELC and RJMG have a monthly-return correlation of 0.90, 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 FELC and RJMG?
48.6% of RJMG's money is in holdings FELC also owns. 48.6% of RJMG's is in holdings FELC also owns. They hold 19 positions in common, counted across the 300 positions we hold weights for in FELC and 40 in RJMG.
Which pays a higher dividend, FELC or RJMG?
FELC yields 0.83% while RJMG yields 0.00%, so FELC currently pays the higher dividend yield.
Is RJMG better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. RJMG is less concentrated, with 29.2% of the fund in its ten largest positions against 40.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.