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 |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
FELG has an expense ratio of 0.18%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FELG vs. SCHG, FELG vs. FSPGX, FELG vs. FDTX, FELG vs. FXAIX, FELG vs. QQQM, FELG vs. FFLG, FELG vs. QQQ, FELG vs. FTEC, FELG vs. FELV, FELG vs. FBGRX
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 | 33.93% | 25.48% |
| 1 month | 3.30% | 2.14% |
| 6 months | 15.95% | 12.76% |
| 1 year | N/A | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FELG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.75% | 7.16% | 2.41% | -4.13% | 6.53% | 7.04% | -2.05% | 2.31% | 2.74% | -0.54% | 33.93% | ||
| 2023 | 0.08% | 4.12% | 4.20% |
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 provided a 0.39% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.14 | $0.03 |
Dividend yield | 0.39% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | |
| 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.
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 13.29%, occurring on Aug 7, 2024. Recovery took 47 trading sessions.
The current Fidelity Enhanced Large Cap Growth ETF drawdown is 0.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.29% | Jul 11, 2024 | 20 | Aug 7, 2024 | 47 | Oct 14, 2024 | 67 |
| -6.48% | Mar 25, 2024 | 19 | Apr 19, 2024 | 17 | May 14, 2024 | 36 |
| -3.28% | Oct 30, 2024 | 2 | Oct 31, 2024 | 4 | Nov 6, 2024 | 6 |
| -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 |
Volatility
Volatility Chart
The current Fidelity Enhanced Large Cap Growth ETF volatility is 5.06%, 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.