FFLG vs. VUG

Last updated Aug 4, 2026

FFLG (Fidelity Fundamental Large Cap Growth ETF) and VUG (Vanguard Growth ETF) are both Large Cap Growth Equities funds. FFLG is actively managed, while VUG is passively managed. Over the past 5 years, FFLG returned 9.43%/yr vs 12.56%/yr for VUG. Their correlation of 0.95 means they have usually moved in the same direction. FFLG charges 0.38%/yr vs 0.03%/yr for VUG.

Performance

FFLG vs. VUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Growth ETF (FFLG) and Vanguard Growth ETF (VUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFLG achieves a 9.18% return, which is significantly higher than VUG's 7.33% return.

FFLG

• 1D: 2.41%
• 1M: -1.57%
• 6M: 8.17%
• YTD: 9.18%
• 1Y: 20.68%
• 3Y*: 23.88%
• 5Y*: 9.43%
• 10Y*: —
• ALL TIME*: 9.48%

VUG

• 1D: 2.21%
• 1M: 1.85%
• 6M: 8.45%
• YTD: 7.33%
• 1Y: 17.91%
• 3Y*: 23.28%
• 5Y*: 12.56%
• 10Y*: 17.52%
• ALL TIME*: 12.19%

*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)
FFLG Fidelity Fundamental Large Cap Growth ETF	$3.52M	$6.28M	$4.13M
VUG Vanguard Growth ETF	$562.97M	$645.16M	$657.53M

FFLG vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFLG Fidelity Fundamental Large Cap Growth ETF	9.18%	19.61%	32.29%	49.71%	-37.86%	2.32%
VUG Vanguard Growth ETF	7.33%	19.40%	32.69%	46.83%	-33.16%	23.74%

Correlation

The correlation between FFLG and VUG is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021	0.95

The correlation between FFLG and VUG has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

FFLG vs. VUG - Sectors Allocation Comparison

Sectors	FFLG	VUG
Technology	49.2%	56.2%
Communication Services	16.1%	15.4%
Healthcare	7.4%	4.7%
Industrials	7.2%	5.3%
Consumer Cyclical	6.9%	11.5%
Financial Services	3.6%	3.8%
Utilities	1.7%	0.7%
Basic Materials	1.2%	0.5%
Real Estate	0.9%	1.0%
Consumer Defensive	0.6%	1.4%
Energy	0.3%	0.3%

Return for Risk

FFLG vs. VUG — Risk / Return Rank

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

FFLG

FFLG Risk / Return Rank: 39
FFLG Sharpe Ratio Rank: 39
FFLG Sortino Ratio Rank: 37
FFLG Omega Ratio Rank: 36
FFLG Calmar Ratio Rank: 40
FFLG Martin Ratio Rank: 42

VUG

VUG Risk / Return Rank: 37
VUG Sharpe Ratio Rank: 40
VUG Sortino Ratio Rank: 39
VUG Omega Ratio Rank: 38
VUG Calmar Ratio Rank: 33
VUG Martin Ratio Rank: 35

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.

FFLG vs. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Growth ETF (FFLG) and Vanguard Growth ETF (VUG). 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.

	FFLG	VUG	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.01	-0.04
Sortino ratio: Return per unit of downside risk	1.43	1.48	-0.05
Omega ratio: Gain probability vs. loss probability	1.18	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.46	1.09	+0.37
Martin ratio: Return relative to average drawdown	4.69	3.45	+1.24

FFLG vs. VUG - Sharpe Ratio Comparison

The current FFLG Sharpe Ratio is 0.97, which is comparable to the VUG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FFLG and VUG, 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

FFLG vs. VUG - Drawdown Comparison

The maximum FFLG drawdown since its inception was -44.52%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for FFLG and VUG.

Drawdown Indicators

	FFLG	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-44.52%	-50.68%	+6.16%
Max Drawdown (1Y) Largest decline over 1 year	-14.23%	-16.53%	+2.30%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-22.85%	-3.87%
Max Drawdown (5Y) Largest decline over 5 years	-44.52%	-35.61%	-8.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.61%	—
Current Drawdown Current decline from peak	-7.12%	-3.45%	-3.67%
Average Drawdown Average peak-to-trough decline	-14.01%	-7.08%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	5.20%	-0.79%

Volatility

FFLG vs. VUG - Volatility Comparison

Fidelity Fundamental Large Cap Growth ETF (FFLG) has a higher volatility of 7.78% compared to Vanguard Growth ETF (VUG) at 5.95%. This indicates that FFLG's price experiences larger fluctuations and is considered to be riskier than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLG	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	5.95%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	17.63%	14.38%	+3.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.35%	17.76%	+3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.80%	22.52%	+3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	21.57%	+3.95%

FFLG vs. VUG - Expense Ratio Comparison

FFLG has a 0.38% expense ratio, which is higher than VUG's 0.03% expense ratio.

Dividends

FFLG vs. VUG - Dividend Comparison

FFLG's dividend yield for the trailing twelve months is around 0.13%, less than VUG's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFLG Fidelity Fundamental Large Cap Growth ETF	0.13%	0.14%	0.09%	0.00%	1.50%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUG Vanguard Growth ETF	0.39%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both FFLG and VUG in my portfolio?

With a correlation of 0.94, FFLG and VUG 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, FFLG or VUG?

FFLG has higher volatility (7.78%) compared to VUG (5.95%). In terms of maximum drawdown, FFLG dropped -44.52% vs VUG's -50.68%.

Which ETF is better, FFLG or VUG?

On 5-year performance, VUG leads with 12.56% vs 9.43% for FFLG. On fees, VUG is cheaper at 0.03% per year. On volatility, VUG has been the lower-risk option at 5.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFLG or VUG?

Over the 5-year period, VUG has performed better with a 12.56% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFLG or VUG?

VUG is cheaper with a 0.03% expense ratio, compared with 0.38% for FFLG.

Which ETF pays a higher dividend yield, FFLG or VUG?

VUG has the higher dividend yield at 0.39%, compared with 0.13% for FFLG.

What is the main difference between FFLG and VUG?

They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.38% for FFLG and 0.03% for VUG.

Which has better risk-adjusted returns?

VUG currently has the higher Sharpe Ratio (1.01 vs 0.97), 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.