FELG vs. IUSG

Last updated Aug 4, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and IUSG (iShares Core S&P U.S. Growth ETF) are both Large Cap Growth Equities funds. FELG is actively managed, while IUSG is passively managed. Over the past year, FELG returned 16.43% vs 24.41% for IUSG. Their 0.98 correlation means they have historically moved very closely together. FELG charges 0.18%/yr vs 0.04%/yr for IUSG.

Performance

FELG vs. IUSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Growth ETF (FELG) and iShares Core S&P U.S. Growth ETF (IUSG). 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 lower than IUSG's 12.72% return.

FELG

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

IUSG

• 1D: 2.17%
• 1M: 1.92%
• 6M: 11.50%
• YTD: 12.72%
• 1Y: 24.41%
• 3Y*: 25.35%
• 5Y*: 13.30%
• 10Y*: 17.20%
• ALL TIME*: 8.19%

*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
IUSG iShares Core S&P U.S. Growth ETF	$105.73M	$92.27M	$99.82M

FELG vs. IUSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	4.21%	18.44%	35.45%	4.37%
IUSG iShares Core S&P U.S. Growth ETF	12.72%	21.23%	34.70%	4.84%

Correlation

The correlation between FELG and IUSG is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.98

The correlation between FELG and IUSG has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

FELG vs. IUSG - Sectors Allocation Comparison

Sectors	FELG	IUSG
Technology	55.9%	50.9%
Communication Services	14.7%	14.9%
Consumer Cyclical	8.6%	8.5%
Industrials	8.4%	7.7%
Healthcare	5.7%	6.5%
Financial Services	4.6%	8.6%
Utilities	1.2%	0.4%
Consumer Defensive	1.2%	1.0%
Energy	0.7%	0.2%
Basic Materials	0.1%	0.5%
Real Estate	0.1%	0.8%

Return for Risk

FELG vs. IUSG — 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

IUSG

IUSG Risk / Return Rank: 54
IUSG Sharpe Ratio Rank: 57
IUSG Sortino Ratio Rank: 55
IUSG Omega Ratio Rank: 52
IUSG Calmar Ratio Rank: 52
IUSG Martin Ratio Rank: 57

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. IUSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and iShares Core S&P U.S. Growth ETF (IUSG). 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	IUSG	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.38	-0.42
Sortino ratio: Return per unit of downside risk	1.41	1.95	-0.54
Omega ratio: Gain probability vs. loss probability	1.17	1.24	-0.07
Calmar ratio: Return relative to maximum drawdown	1.02	1.88	-0.86
Martin ratio: Return relative to average drawdown	3.17	6.96	-3.79

FELG vs. IUSG - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 0.96, which is lower than the IUSG Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FELG and IUSG, 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. IUSG - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum IUSG drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for FELG and IUSG.

Drawdown Indicators

	FELG	IUSG	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-63.41%	+39.52%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-13.07%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.35%	—
Current Drawdown Current decline from peak	-4.54%	-2.17%	-2.37%
Average Drawdown Average peak-to-trough decline	-3.62%	-21.33%	+17.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	3.52%	+1.68%

Volatility

FELG vs. IUSG - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) and iShares Core S&P U.S. Growth ETF (IUSG) have volatilities of 6.31% and 6.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELG	IUSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	6.24%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	14.68%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	17.84%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	21.22%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	20.55%	-0.51%

FELG vs. IUSG - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is higher than IUSG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FELG vs. IUSG - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.36%, less than IUSG's 0.49% 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%
IUSG iShares Core S&P U.S. Growth ETF	0.49%	0.53%	0.59%	1.12%	1.07%	0.59%	0.93%	1.64%	1.32%	1.28%	1.48%	1.29%

Frequently Asked Questions

Can I hold both FELG and IUSG in my portfolio?

With a correlation of 0.97, FELG and IUSG 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 IUSG?

FELG has higher volatility (6.31%) compared to IUSG (6.24%). In terms of maximum drawdown, FELG dropped -23.89% vs IUSG's -63.41%.

Which ETF is better, FELG or IUSG?

On 1-year performance, IUSG leads with 24.41% vs 16.43% for FELG. On fees, IUSG is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELG or IUSG?

Over the 1-year period, IUSG has performed better with a 24.41% return vs 16.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELG or IUSG?

IUSG is cheaper with a 0.04% expense ratio, compared with 0.18% for FELG.

Which ETF pays a higher dividend yield, FELG or IUSG?

IUSG has the higher dividend yield at 0.49%, compared with 0.36% for FELG.

What is the main difference between FELG and IUSG?

They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.18% for FELG and 0.04% for IUSG.

Which has better risk-adjusted returns?

IUSG currently has the higher Sharpe Ratio (1.38 vs 0.96), 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.