FELG vs. FIFNX

Last updated Jun 4, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and FIFNX (Fidelity Founders Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past year, FELG returned 27.58% vs 23.88% for FIFNX. Their correlation of 0.91 suggests significant overlap in exposure. FELG charges 0.18%/yr vs 0.90%/yr for FIFNX.

Performance

FELG vs. FIFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Founders Fund (FIFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FELG achieves a 7.70% return, which is significantly lower than FIFNX's 9.17% return.

FELG

• 1D: -1.12%
• 1M: 5.85%
• YTD: 7.70%
• 6M: 7.23%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIFNX

• 1D: -0.72%
• 1M: 6.76%
• YTD: 9.17%
• 6M: 10.05%
• 1Y: 23.88%
• 3Y*: 25.47%
• 5Y*: 13.30%
• 10Y*: —

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

FELG vs. FIFNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	7.70%	18.44%	35.45%	4.20%
FIFNX Fidelity Founders Fund	9.17%	16.34%	36.44%	5.85%

Correlation

The correlation between FELG and FIFNX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.91

The correlation between FELG and FIFNX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

FELG vs. FIFNX — Risk / Return Rank

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

FELG

FELG Risk / Return Rank: 44
FELG Sharpe Ratio Rank: 51
FELG Sortino Ratio Rank: 49
FELG Omega Ratio Rank: 49
FELG Calmar Ratio Rank: 34
FELG Martin Ratio Rank: 37

FIFNX

FIFNX Risk / Return Rank: 32
FIFNX Sharpe Ratio Rank: 33
FIFNX Sortino Ratio Rank: 31
FIFNX Omega Ratio Rank: 32
FIFNX Calmar Ratio Rank: 29
FIFNX Martin Ratio Rank: 37

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. FIFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Founders Fund (FIFNX). 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	FIFNX	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.66	+0.14
Sortino ratio Return per unit of downside risk	2.45	2.33	+0.12
Omega ratio Gain probability vs. loss probability	1.31	1.30	+0.02
Calmar ratio Return relative to maximum drawdown	1.71	2.00	-0.29
Martin ratio Return relative to average drawdown	5.86	8.13	-2.28
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. FIFNX - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 1.79, which is comparable to the FIFNX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FELG and FIFNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FELG	FIFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.66	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.81	+0.51

Drawdowns

FELG vs. FIFNX - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum FIFNX drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for FELG and FIFNX.

Drawdown Indicators

	FELG	FIFNX	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-32.52%	+8.63%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-12.27%	-3.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.52%	—
Current Drawdown Current decline from peak	-1.34%	-0.72%	-0.62%
Average Drawdown Average peak-to-trough decline	-3.52%	-7.99%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	3.01%	+1.71%

Volatility

FELG vs. FIFNX - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Growth ETF (FELG) is 3.50%, while Fidelity Founders Fund (FIFNX) has a volatility of 4.71%. This indicates that FELG experiences smaller price fluctuations and is considered to be less risky than FIFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELG	FIFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	4.71%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	11.41%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	14.82%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	21.18%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	22.58%	-2.69%

FELG vs. FIFNX - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is lower than FIFNX's 0.90% expense ratio.

Dividends

FELG vs. FIFNX - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.34%, less than FIFNX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%
FIFNX Fidelity Founders Fund	2.20%	2.40%	6.31%	0.11%	2.54%	6.17%	0.00%	0.09%

Frequently Asked Questions

Can I hold both FELG and FIFNX in my portfolio?

FELG and FIFNX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELG or FIFNX?

FIFNX has higher volatility (4.71%) compared to FELG (3.50%). In terms of maximum drawdown, FELG dropped -23.89% vs FIFNX's -32.52%.

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (1.79 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.