- Issuer
- Fidelity
- Inception Date
- Nov 20, 2023
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $5B
Share Price Chart
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Performance
FELG Performance Chart
Fidelity Enhanced Large Cap Growth ETF (FELG) is up 4.1% since the beginning of the year. FELG is currently trading at $43 per share.
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Returns By Period
Fidelity Enhanced Large Cap Growth ETF (FELG) has returned 4.10% so far this year and 23.38% over the past 12 months.
Fidelity Enhanced Large Cap Growth ETF
- 1D
- -3.43%
- 1M
- -0.21%
- YTD
- 4.10%
- 6M
- 3.11%
- 1Y
- 23.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FELG Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2023, FELG's average daily return is +0.10%, while the average monthly return is +1.85%. At this rate, an investment would double in approximately 3.2 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +12.4%, while the worst month was Mar 2025 at -8.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FELG closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +11.6%, while the worst single day was Apr 3, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.73% | -3.49% | -5.12% | 12.38% | 7.14% | -3.92% | 4.10% | ||||||
| 2025 | 1.44% | -3.71% | -8.69% | 1.65% | 8.87% | 6.36% | 3.16% | 1.83% | 5.80% | 3.60% | -1.60% | -0.43% | 18.44% |
| 2024 | 2.74% | 7.16% | 2.41% | -4.13% | 6.53% | 7.04% | -2.05% | 2.31% | 2.74% | -0.54% | 5.82% | 1.39% | 35.45% |
| 2023 | 0.08% | 4.12% | 4.20% |
Benchmark Metrics
Fidelity Enhanced Large Cap Growth ETF has an annualized alpha of -5.19%, beta of 1.23, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since November 21, 2023.
- This ETF participated in 141.67% of S&P 500 Index downside but only 115.50% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -5.19% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -5.19%
- Beta
- 1.23
- R²
- 0.90
- Upside Capture
- 115.50%
- Downside Capture
- 141.67%
Expense Ratio
FELG has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
FELG ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and compare them to S&P 500 Index.
| FELG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | — | — |
| Martin ratioReturn relative to average drawdown | 4.96 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Enhanced Large Cap Growth ETF provided a 0.35% dividend yield over the last twelve months, with an annual payout of $0.15 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.15 | $0.16 | $0.16 | $0.03 |
Dividend yield | 0.35% | 0.38% | 0.44% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.16 |
| 2023 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 23.89%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current Fidelity Enhanced Large Cap Growth ETF drawdown is 4.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.89%Apr 2025 | 3mo 22d | 2mo 20d | 6mo 12dDec 2024 - Jun 2025 |
2026 correction2026 | -16.17%Mar 2026 | 5mo 1d | 1mo 7d | 6mo 8dOct 2025 - May 2026 |
2024 correction2024 | -13.29%Aug 2024 | 27d | 2mo 8d | 3mo 5dJul 2024 - Oct 2024 |
2024 pullback2024 | -6.48%Apr 2024 | 25d | 25d | 1mo 20dMar 2024 - May 2024 |
2026 pullback2026 | -4.64%Jun 2026 | 3d | — | 4d 3hJun 2026 - now |
Drawdown Indicators
| FELG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.89% | -9.10% | -14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | — | — |
Current DrawdownCurrent decline from peak | -4.64% | -2.97% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -1.13% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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