FELG vs. HNASX

Last updated Aug 4, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and HNASX (Homestead Growth Fund) are both Large Cap Growth Equities funds. Over the past year, FELG returned 16.43% vs 9.97% for HNASX. Their 0.95 correlation means they have historically moved very closely together. FELG charges 0.18%/yr vs 0.84%/yr for HNASX.

Performance

FELG vs. HNASX - Performance Comparison

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

Returns By Period

In the year-to-date period, FELG achieves a 4.21% return, which is significantly higher than HNASX's 1.51% return.

FELG

• 1D: 1.95%
• 1M: 0.86%
• 6M: 5.50%
• YTD: 4.21%
• 1Y: 16.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.87%

HNASX

• 1D: 0.27%
• 1M: -0.64%
• 6M: 4.41%
• YTD: 1.51%
• 1Y: 9.97%
• 3Y*: 19.08%
• 5Y*: 9.07%
• 10Y*: 16.52%
• ALL TIME*: 7.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FELG Fidelity Enhanced Large Cap Growth ETF	$14.74M	$13.52M	$19.60M
HNASX Homestead Growth Fund	$0.00	$0.00	$0.00

FELG vs. HNASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	4.21%	18.44%	35.45%	4.37%
HNASX Homestead Growth Fund	1.51%	16.97%	30.93%	5.20%

Correlation

The correlation between FELG and HNASX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.95

The correlation between FELG and HNASX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FELG vs. HNASX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FELG

FELG Risk / Return Rank: 35
FELG Sharpe Ratio Rank: 38
FELG Sortino Ratio Rank: 37
FELG Omega Ratio Rank: 36
FELG Calmar Ratio Rank: 31
FELG Martin Ratio Rank: 33

HNASX

HNASX Risk / Return Rank: 9
HNASX Sharpe Ratio Rank: 10
HNASX Sortino Ratio Rank: 10
HNASX Omega Ratio Rank: 10
HNASX Calmar Ratio Rank: 8
HNASX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FELG vs. HNASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and Homestead Growth Fund (HNASX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FELG	HNASX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	0.42	+0.53
Sortino ratio: Return per unit of downside risk	1.41	0.69	+0.72
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.09
Calmar ratio: Return relative to maximum drawdown	1.02	0.40	+0.62
Martin ratio: Return relative to average drawdown	3.17	1.18	+1.99

FELG vs. HNASX - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 0.96, which is higher than the HNASX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of FELG and HNASX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FELG vs. HNASX - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum HNASX drawdown of -72.74%. Use the drawdown chart below to compare losses from any high point for FELG and HNASX.

Drawdown Indicators

	FELG	HNASX	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-72.74%	+48.85%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-18.90%	+2.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.22%	—
Current Drawdown Current decline from peak	-4.54%	-4.43%	-0.11%
Average Drawdown Average peak-to-trough decline	-3.62%	-24.55%	+20.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	6.36%	-1.16%

Volatility

FELG vs. HNASX - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher volatility of 6.31% compared to Homestead Growth Fund (HNASX) at 4.52%. This indicates that FELG's price experiences larger fluctuations and is considered to be riskier than HNASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELG	HNASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	4.52%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	14.20%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	17.79%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	22.49%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	21.84%	-1.80%

FELG vs. HNASX - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is lower than HNASX's 0.84% expense ratio.

Dividends

FELG vs. HNASX - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.36%, less than HNASX's 14.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.36%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HNASX Homestead Growth Fund	14.62%	15.31%	6.29%	2.57%	6.80%	9.12%	4.73%	5.35%	10.41%	6.41%	1.54%	6.52%

Frequently Asked Questions

Can I hold both FELG and HNASX in my portfolio?

With a correlation of 0.93, FELG and HNASX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FELG or HNASX?

FELG has higher volatility (6.31%) compared to HNASX (4.52%). In terms of maximum drawdown, FELG dropped -23.89% vs HNASX's -72.74%.

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (0.96 vs 0.42), 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.