FELG vs. TGRT

Last updated Jun 4, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and TGRT (T. Rowe Price Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, FELG returned 27.58% vs 21.59% for TGRT. With a 0.98 correlation, they move nearly in lockstep. FELG charges 0.18%/yr vs 0.38%/yr for TGRT.

Performance

FELG vs. TGRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Growth ETF (FELG) and T. Rowe Price Growth ETF (TGRT). 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 higher than TGRT's 5.49% return.

FELG

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

TGRT

• 1D: -1.41%
• 1M: 4.44%
• YTD: 5.49%
• 6M: 5.18%
• 1Y: 21.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FELG vs. TGRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	7.70%	18.44%	35.45%	4.20%
TGRT T. Rowe Price Growth ETF	5.49%	16.94%	32.85%	3.88%

Correlation

The correlation between FELG and TGRT is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.98

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

FELG vs. TGRT - Sectors Allocation Comparison

Sectors	FELG	TGRT
Technology	53.9%	54.2%
Communication Services	13.8%	14.0%
Consumer Cyclical	11.5%	11.1%
Industrials	7.2%	4.6%
Healthcare	6.3%	8.0%
Financial Services	4.7%	5.3%
Energy	1.1%	0.2%
Consumer Defensive	1.0%	1.5%
Basic Materials	0.5%	0.4%
Utilities	0.1%	0.5%
Real Estate	0.0%	-

Return for Risk

FELG vs. TGRT — 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

TGRT

TGRT Risk / Return Rank: 32
TGRT Sharpe Ratio Rank: 37
TGRT Sortino Ratio Rank: 35
TGRT Omega Ratio Rank: 36
TGRT Calmar Ratio Rank: 25
TGRT Martin Ratio Rank: 28

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. TGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and T. Rowe Price Growth ETF (TGRT). 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	TGRT	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.35	+0.44
Sortino ratio: Return per unit of downside risk	2.45	1.88	+0.57
Omega ratio: Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	1.71	1.21	+0.50
Martin ratio: Return relative to average drawdown	5.86	3.98	+1.88
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. TGRT - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 1.79, which is higher than the TGRT Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FELG and TGRT, 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	TGRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.35	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.21	+0.11

Drawdowns

FELG vs. TGRT - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, which is greater than TGRT's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for FELG and TGRT.

Drawdown Indicators

	FELG	TGRT	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-22.04%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-17.89%	+1.72%
Current Drawdown Current decline from peak	-1.34%	-1.77%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.52%	-3.27%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	5.44%	-0.72%

Volatility

FELG vs. TGRT - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) and T. Rowe Price Growth ETF (TGRT) have volatilities of 3.50% and 3.66%, 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	TGRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.66%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	12.51%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	16.10%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	19.09%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	19.09%	+0.80%

FELG vs. TGRT - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is lower than TGRT's 0.38% expense ratio.

Dividends

FELG vs. TGRT - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.34%, more than TGRT's 0.07% yield.

Position	TTM	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	0.38%	0.44%	0.11%
TGRT T. Rowe Price Growth ETF	0.07%	0.08%	0.09%	0.06%

Frequently Asked Questions

Can I hold both FELG and TGRT in my portfolio?

With a correlation of 0.98, FELG and TGRT 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 TGRT?

TGRT has higher volatility (3.66%) compared to FELG (3.50%). In terms of maximum drawdown, FELG dropped -23.89% vs TGRT's -22.04%.

Which ETF is better, FELG or TGRT?

On 1-year performance, FELG leads with 27.58% vs 21.59% for TGRT. On fees, FELG is cheaper at 0.18% per year. On volatility, FELG has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELG or TGRT?

Over the 1-year period, FELG has performed better with a 27.58% return vs 21.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELG or TGRT?

FELG is cheaper with a 0.18% expense ratio, compared with 0.38% for TGRT.

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

FELG has the higher dividend yield at 0.34%, compared with 0.07% for TGRT.

What is the main difference between FELG and TGRT?

They also come from different issuers: Fidelity and T. Rowe Price. Their fees differ too: 0.18% for FELG and 0.38% for TGRT.

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (1.79 vs 1.35), 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.