Fidelity Enhanced Large Cap Growth ETF (FELG)
The ETF aims for capital appreciation by primarily investing in common stocks of the Russell 1000 Growth Index using quantitative analysis to select a diversified group of stocks with the potential for higher total returns. The fund also includes domestic and foreign issuers and engages in securities lending for income generation.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Nov 20, 2023 |
| Category | Large Cap Growth Equities |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The Fidelity Enhanced Large Cap Growth ETF features an expense ratio of 0.18%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Enhanced Large Cap Growth ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.01% | 6.92% |
| 1 month | -2.67% | -2.83% |
| 6 months | N/A | 23.86% |
| 1 year | N/A | 23.33% |
| 5 years (annualized) | N/A | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.74% | 7.16% | 2.41% | |||||||||
| 2023 | 0.08% | 4.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Fidelity Enhanced Large Cap Growth ETF granted a 0.19% dividend yield in the last twelve months. The annual payout for that period amounted to $0.05 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.05 | $0.03 |
Dividend yield | 0.19% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Large Cap Growth ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | |||||||||
| 2023 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Large Cap Growth ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced Large Cap Growth ETF was 6.48%, occurring on Apr 19, 2024. The portfolio has not yet recovered.
The current Fidelity Enhanced Large Cap Growth ETF drawdown is 3.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.48% | Mar 25, 2024 | 19 | Apr 19, 2024 | — | — | — |
| -3.19% | Dec 29, 2023 | 4 | Jan 4, 2024 | 4 | Jan 10, 2024 | 8 |
| -2.37% | Feb 12, 2024 | 7 | Feb 21, 2024 | 1 | Feb 22, 2024 | 8 |
| -2.36% | Jan 30, 2024 | 2 | Jan 31, 2024 | 2 | Feb 2, 2024 | 4 |
| -1.91% | Mar 4, 2024 | 2 | Mar 5, 2024 | 5 | Mar 12, 2024 | 7 |
Volatility
Volatility Chart
The current Fidelity Enhanced Large Cap Growth ETF volatility is 5.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.