FELG vs NWLG
Fidelity Enhanced Large Cap Growth ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, FELG or NWLG?
Each has led over a different period.
FELG has a lower expense ratio. FELG led over the full window, NWLG over 1Y. FELG is less concentrated, with 58.3% of the fund in its ten largest positions against 60.4%.
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 | NWLG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.65% |
| AUM | $5.8B | $9M |
| Dividend Yield | 0.35% | 0.00% |
| Holdings | 135 | 42 |
| Volatility (annualized) | 14.6%Best | 17.9% |
| Max Drawdown | -23.9%Best | -26.5% |
| $10,000 over 2.4 years | $15,301Best | $11,957 |
| Top 10 Weight | 58.3%Best | 60.4% |
| Fund Family | Fidelity Investments (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 20, 2023 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FELG has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Nov 20, 2023 to Apr 6, 2026 (2.4 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 14.6% for FELG. 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 -26.5% for NWLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELG charges 0.18% per year while NWLG charges 0.65%. On a $10,000 position that is $18 vs $65 annually, a gap of $47 per year that compounds over a long holding period. On income, FELG currently yields 0.35% against 0.00% for NWLG.
Holdings Overlap
59.1% of FELG's money is in holdings NWLG also owns. 80.8% of NWLG's money is in holdings FELG also owns.
Most of NWLG is already inside FELG. Owning both mostly buys the same companies twice.
The two holdings books were reported 275 days apart, FELG as of Oct 2, 2026 and NWLG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
25 positions in common, counted across the 127 positions we hold weights for in FELG and 39 in NWLG, against full books of 135 and 42.
What only one of them owns
Our book lists 13 positions for NWLG that do not appear in our book for FELG (16.9% of the fund), and 88 for FELG that do not appear in NWLG (40.5%).
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 NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.24% | 12.49% | 3.75% |
| AAPLApple, Inc | 8.01% | 8.76% | 0.75% |
| MSFTMicrosoft Corp | 5.00% | 11.29% | 6.29% |
| AVGOBroadcom Inc | 5.05% | 5.58% | 0.53% |
| GOOGAlphabet Inc. C | 2.99% | 6.20% | 3.21% |
| METAMeta Platforms Inc | 3.81% | 3.44% | 0.37% |
| LLYEli Lilly & Co. | 3.11% | 2.66% | 0.45% |
| AMZNAmazon.Com Inc | 0.53% | 5.22% | 4.69% |
| TSLATesla Inc | 2.63% | 2.20% | 0.43% |
| MAMastercard Inc | 1.48% | 2.45% | 0.97% |
80.8% of NWLG 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 NWLG?
FELG has an expense ratio of 0.18% while NWLG charges 0.65%. FELG is the cheaper option, by $47 a year on a $10,000 investment.
Which is riskier, FELG or NWLG?
NWLG has been the more volatile fund at 17.9% annualized versus 14.6% for FELG. Worst drawdown: FELG -23.9% vs NWLG -26.5%.
Should I hold both FELG and NWLG?
FELG and NWLG have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FELG and NWLG?
80.8% of NWLG's money is in holdings FELG also owns. 80.8% of NWLG's is in holdings FELG also owns. They hold 25 positions in common, counted across the 127 positions we hold weights for in FELG and 39 in NWLG.
Which pays a higher dividend, FELG or NWLG?
FELG yields 0.35% while NWLG yields 0.00%, so FELG currently pays the higher dividend yield.
Is NWLG better than FELG?
FELG has a lower expense ratio. FELG led over the full window, NWLG over 1Y. FELG is less concentrated, with 58.3% of the fund in its ten largest positions against 60.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.