TGRT vs. FELG

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Growth ETF (TGRT) and Fidelity Enhanced Large Cap Growth ETF (FELG).

TGRT and FELG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGRT is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.

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.

TGRT vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TGRT T. Rowe Price Growth ETF	-10.29%	16.94%	32.85%	3.88%
FELG Fidelity Enhanced Large Cap Growth ETF	-9.08%	18.44%	35.45%	4.20%

Returns By Period

In the year-to-date period, TGRT achieves a -10.29% return, which is significantly lower than FELG's -9.08% return.

TGRT

• 1D: 0.99%
• 1M: -5.02%
• YTD: -10.29%
• 6M: -9.32%
• 1Y: 14.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FELG

• 1D: 1.04%
• 1M: -4.28%
• YTD: -9.08%
• 6M: -8.16%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TGRT vs. FELG - Expense Ratio Comparison

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

TGRT

T. Rowe Price Growth ETF

FELG

Fidelity Enhanced Large Cap Growth ETF

Return for Risk

TGRT vs. FELG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGRT

TGRT Risk / Return Rank: 34
TGRT Sharpe Ratio Rank: 32
TGRT Sortino Ratio Rank: 36
TGRT Omega Ratio Rank: 35
TGRT Calmar Ratio Rank: 33
TGRT Martin Ratio Rank: 32

FELG

FELG Risk / Return Rank: 48
FELG Sharpe Ratio Rank: 46
FELG Sortino Ratio Rank: 51
FELG Omega Ratio Rank: 50
FELG Calmar Ratio Rank: 47
FELG Martin Ratio Rank: 45

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.

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.

	TGRT	FELG	Difference
Sharpe ratio Return per unit of total volatility	0.65	0.87	-0.23
Sortino ratio Return per unit of downside risk	1.09	1.41	-0.32
Omega ratio Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio Return relative to maximum drawdown	0.88	1.28	-0.40
Martin ratio Return relative to average drawdown	2.98	4.39	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGRT vs. FELG - Sharpe Ratio Comparison

The current TGRT Sharpe Ratio is 0.65, which is comparable to the FELG Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of TGRT and FELG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGRT	FELG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	0.87	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.97	-0.05

Correlation

The correlation between TGRT and FELG is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TGRT vs. FELG - Dividend Comparison

TGRT's dividend yield for the trailing twelve months is around 0.09%, less than FELG's 0.40% yield.

	TTM	2025	2024	2023
TGRT T. Rowe Price Growth ETF	0.09%	0.08%	0.09%	0.06%
FELG Fidelity Enhanced Large Cap Growth ETF	0.40%	0.38%	0.44%	0.11%

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%
Current Drawdown Current decline from peak	-13.75%	-11.99%	-1.76%
Average Drawdown Average peak-to-trough decline	-3.26%	-3.57%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	4.73%	+0.57%

Volatility

TGRT vs. FELG - Volatility Comparison

T. Rowe Price Growth ETF (TGRT) has a higher volatility of 7.45% compared to Fidelity Enhanced Large Cap Growth ETF (FELG) at 6.95%. This indicates that TGRT's price experiences larger fluctuations and is considered to be riskier 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	7.45%	6.95%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	13.10%	12.45%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	22.69%	22.60%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	20.23%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	20.23%	-0.93%