TGRT vs. FELG

Last updated Aug 2, 2026

TGRT (T. Rowe Price Growth ETF) and FELG (Fidelity Enhanced Large Cap Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, TGRT returned 10.30% vs 14.20% for FELG. Their 0.98 correlation means they have historically moved very closely together. TGRT charges 0.38%/yr vs 0.18%/yr for FELG.

Performance

TGRT vs. FELG - Performance Comparison

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

Returns By Period

In the year-to-date period, TGRT achieves a 1.18% return, which is significantly lower than FELG's 2.21% return.

TGRT

• 1D: 0.70%
• 1M: -1.08%
• 6M: 3.42%
• YTD: 1.18%
• 1Y: 10.30%
• 3Y*: 19.48%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.22%

FELG

• 1D: 0.93%
• 1M: -1.07%
• 6M: 4.01%
• YTD: 2.21%
• 1Y: 14.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.07%

*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	$14.80M	$13.72M	$19.44M
TGRT T. Rowe Price Growth ETF	$4.26M	$3.99M	$7.47M

TGRT vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	1.18%	16.94%	32.85%	4.99%
FELG Fidelity Enhanced Large Cap Growth ETF	2.21%	18.44%	35.45%	4.37%

Correlation

The correlation between TGRT and FELG is 0.98 - 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.	0.98
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.98

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

TGRT vs. FELG - Sectors Allocation Comparison

Sectors	TGRT	FELG
Technology	53.5%	55.9%
Communication Services	15.8%	14.7%
Healthcare	8.5%	5.7%
Consumer Cyclical	7.6%	8.6%
Industrials	7.2%	8.4%
Financial Services	5.9%	4.6%
Consumer Defensive	1.0%	1.2%
Utilities	0.5%	1.2%
Basic Materials	0.2%	0.1%
Energy	0.2%	0.7%
Real Estate	-	0.1%

Return for Risk

TGRT vs. FELG — Risk / Return Rank

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

TGRT

TGRT Risk / Return Rank: 20
TGRT Sharpe Ratio Rank: 22
TGRT Sortino Ratio Rank: 21
TGRT Omega Ratio Rank: 20
TGRT Calmar Ratio Rank: 18
TGRT Martin Ratio Rank: 21

FELG

FELG Risk / Return Rank: 27
FELG Sharpe Ratio Rank: 29
FELG Sortino Ratio Rank: 28
FELG Omega Ratio Rank: 27
FELG Calmar Ratio Rank: 24
FELG Martin Ratio Rank: 27

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.

TGRT vs. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth ETF (TGRT) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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.

	TGRT	FELG	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.68	-0.23
Sortino ratio: Return per unit of downside risk	0.74	1.05	-0.31
Omega ratio: Gain probability vs. loss probability	1.09	1.13	-0.04
Calmar ratio: Return relative to maximum drawdown	0.44	0.73	-0.29
Martin ratio: Return relative to average drawdown	1.36	2.27	-0.91

TGRT vs. FELG - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 0.45, which is lower than the FELG Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of TGRT and FELG, 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

TGRT vs. FELG - Drawdown Comparison

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

Drawdown Indicators

	TGRT	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-23.89%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-17.89%	-16.17%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	—	—
Current Drawdown Current decline from peak	-5.79%	-6.36%	+0.57%
Average Drawdown Average peak-to-trough decline	-3.36%	-3.62%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	5.19%	+0.63%

Volatility

TGRT vs. FELG - Volatility Comparison

The current volatility for T. Rowe Price Growth ETF (TGRT) is 5.11%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 6.11%. This indicates that TGRT experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGRT	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	6.11%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	14.20%	13.74%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	17.29%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.20%	20.02%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	20.02%	-0.82%

TGRT vs. FELG - Expense Ratio Comparison

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

Dividends

TGRT vs. FELG - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.08%, less than FELG's 0.36% yield.

Position	TTM	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	0.36%	0.38%	0.44%	0.11%
TGRT T. Rowe Price Growth ETF	0.08%	0.08%	0.09%	0.06%

Frequently Asked Questions

Can I hold both TGRT and FELG in my portfolio?

With a correlation of 0.98, TGRT and FELG 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, TGRT or FELG?

FELG has higher volatility (6.11%) compared to TGRT (5.11%). In terms of maximum drawdown, TGRT dropped -22.04% vs FELG's -23.89%.

Which ETF is better, TGRT or FELG?

On 1-year performance, FELG leads with 14.20% vs 10.30% for TGRT. On fees, FELG is cheaper at 0.18% per year. On volatility, TGRT has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGRT or FELG?

Over the 1-year period, FELG has performed better with a 14.20% return vs 10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGRT or FELG?

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

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

FELG has the higher dividend yield at 0.36%, compared with 0.08% for TGRT.

What is the main difference between TGRT and FELG?

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

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (0.68 vs 0.45), 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.