FELG vs. AUSF

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Global X Adaptive U.S. Factor ETF (AUSF).

FELG and AUSF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. AUSF is a passively managed fund by Global X that tracks the performance of the Adaptive Wealth Strategies U.S. Factor Index. It was launched on Aug 24, 2018.

Performance

FELG vs. AUSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Growth ETF (FELG) and Global X Adaptive U.S. Factor ETF (AUSF). The values are adjusted to include any dividend payments, if applicable.

FELG vs. AUSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	-9.08%	18.44%	35.45%	4.20%
AUSF Global X Adaptive U.S. Factor ETF	5.27%	13.69%	16.05%	8.44%

Returns By Period

In the year-to-date period, FELG achieves a -9.08% return, which is significantly lower than AUSF's 5.27% return.

FELG

• 1D: 1.04%
• 1M: -4.28%
• YTD: -9.08%
• 6M: -8.16%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUSF

• 1D: 0.33%
• 1M: -3.58%
• YTD: 5.27%
• 6M: 6.48%
• 1Y: 14.35%
• 3Y*: 20.11%
• 5Y*: 13.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FELG vs. AUSF - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is lower than AUSF's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

AUSF

Global X Adaptive U.S. Factor ETF

FELG

Fidelity Enhanced Large Cap Growth ETF

Return for Risk

FELG vs. AUSF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FELG

FELG Risk / Return Rank: 48
FELG Sharpe Ratio Rank: 46
FELG Sortino Ratio Rank: 51
FELG Omega Ratio Rank: 50
FELG Calmar Ratio Rank: 47
FELG Martin Ratio Rank: 45

AUSF

AUSF Risk / Return Rank: 53
AUSF Sharpe Ratio Rank: 54
AUSF Sortino Ratio Rank: 52
AUSF Omega Ratio Rank: 53
AUSF Calmar Ratio Rank: 48
AUSF Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FELG vs. AUSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and Global X Adaptive U.S. Factor ETF (AUSF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FELG	AUSF	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.00	-0.13
Sortino ratio Return per unit of downside risk	1.41	1.43	-0.03
Omega ratio Gain probability vs. loss probability	1.20	1.21	-0.01
Calmar ratio Return relative to maximum drawdown	1.28	1.33	-0.05
Martin ratio Return relative to average drawdown	4.39	5.71	-1.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELG vs. AUSF - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 0.87, which is comparable to the AUSF Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FELG and AUSF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FELG	AUSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.00	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.64	+0.32

Correlation

The correlation between FELG and AUSF is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FELG vs. AUSF - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.40%, less than AUSF's 2.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FELG Fidelity Enhanced Large Cap Growth ETF	0.40%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
AUSF Global X Adaptive U.S. Factor ETF	2.70%	2.78%	2.63%	1.83%	2.51%	2.22%	2.95%	4.02%	1.46%

Drawdowns

FELG vs. AUSF - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum AUSF drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for FELG and AUSF.

Drawdown Indicators

	FELG	AUSF	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-44.25%	+20.36%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-10.84%	-5.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.23%	—
Current Drawdown Current decline from peak	-11.99%	-3.58%	-8.41%
Average Drawdown Average peak-to-trough decline	-3.57%	-4.26%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	2.52%	+2.21%

Volatility

FELG vs. AUSF - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher volatility of 6.95% compared to Global X Adaptive U.S. Factor ETF (AUSF) at 3.17%. This indicates that FELG's price experiences larger fluctuations and is considered to be riskier than AUSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELG	AUSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	3.17%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	7.44%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	22.60%	14.38%	+8.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	13.69%	+6.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	19.24%	+0.99%