FELG vs FLCG
Fidelity Enhanced Large Cap Growth ETF vs Federated Hermes MDT Large Cap Growth ETF
Which is better, FELG or FLCG?
Nearly the same fund. FELG costs less.
FELG has a lower expense ratio. FELG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. FLCG is less concentrated, with 56.5% of the fund in its ten largest positions against 58.3%.
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 | FELG | FLCG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.39% |
| AUM | $5.8B | $687M |
| Dividend Yield | 0.35% | 0.04% |
| Holdings | 135 | 208 |
| YTD Return | +7.61%Best | +7.13% |
| 1Y Return | +10.01%Best | +9.66% |
| 3Y Return (annualized) | +22.32% | - |
| Volatility (annualized) | 16.0% | 15.3%Best |
| Max Drawdown | -23.9% | -22.9%Best |
| $10,000 over 2.2 years | $14,245Best | $14,059 |
| Top 10 Weight | 58.3% | 56.5%Best |
| Fund Family | Fidelity Investments (US) | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 20, 2023 | Jul 30, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 31, 2024 to Oct 15, 2026 (2.2 years).
FELG vs FLCG 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 2.2 years both funds cover.
FELG vs FLCG Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is an ETF from Fidelity Investments (US) and Federated Hermes MDT Large Cap Growth ETF (FLCG) is an ETF from Federated Hermes. Over the past year FELG returned +10.01% while FLCG returned +9.66%. Year to date, FELG is up 7.61% versus a gain of 7.13% for FLCG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 15.3% for FLCG. 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 -23.9% for FELG and -22.9% for FLCG. 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
FELG charges 0.18% per year while FLCG charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, FELG currently yields 0.35% against 0.04% for FLCG.
Holdings Overlap
79.4% of FELG's money is in holdings FLCG also owns. 83.5% of FLCG's money is in holdings FELG also owns.
Most of FLCG is already inside FELG. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 127 positions we hold weights for in FELG and 100 in FLCG, against full books of 135 and 208.
What only one of them owns
Our book lists 48 positions for FLCG that do not appear in our book for FELG (15.8% of the fund), and 65 for FELG that do not appear in FLCG (20.2%).
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 FELG | Weight in FLCG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.24% | 15.20% | 1.04% |
| GOOGLAlphabet Inc | 7.46% | 11.70% | 4.24% |
| AAPLApple, Inc | 8.01% | 7.97% | 0.04% |
| MSFTMicrosoft Corp | 5.00% | 4.54% | 0.46% |
| AVGOBroadcom Inc | 5.05% | 3.10% | 1.95% |
| MUMicron Technology, Inc. | 4.02% | 2.76% | 1.26% |
| METAMeta Platforms Inc | 3.81% | 2.88% | 0.93% |
| TSLATesla Inc | 2.63% | 3.00% | 0.37% |
| LLYEli Lilly & Co. | 3.11% | 2.37% | 0.74% |
| AMDAdvanced Micro Devices Inc | 2.42% | 1.26% | 1.16% |
83.5% of FLCG is already inside FELG.
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, FELG or FLCG?
FELG has an expense ratio of 0.18% while FLCG charges 0.39%. FELG is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, FELG or FLCG?
Over the past year FELG returned +10.01% vs +9.66% for FLCG, so FELG leads on 1-year performance. Over the longest common window we track (2 years), FELG annualized +17.45% vs +16.75% for FLCG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELG or FLCG?
FELG has been the more volatile fund at 16.0% annualized versus 15.3% for FLCG. Worst drawdown: FELG -23.9% vs FLCG -22.9%.
Should I hold both FELG and FLCG?
FELG and FLCG 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 FELG and FLCG?
83.5% of FLCG's money is in holdings FELG also owns. 83.5% of FLCG's is in holdings FELG also owns. They hold 47 positions in common, counted across the 127 positions we hold weights for in FELG and 100 in FLCG.
Which pays a higher dividend, FELG or FLCG?
FELG yields 0.35% while FLCG yields 0.04%, so FELG currently pays the higher dividend yield.
Is FLCG better than FELG?
FELG has a lower expense ratio. FELG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. FLCG is less concentrated, with 56.5% of the fund in its ten largest positions against 58.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.