FELG vs NUGO
Fidelity Enhanced Large Cap Growth ETF vs Nuveen Growth Opportunities ETF
Which is better, FELG or NUGO?
Nearly the same fund. FELG costs less.
FELG has a lower expense ratio. FELG led over the full window, NUGO over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.98. FELG is less concentrated, with 58.9% of the fund in its ten largest positions against 62.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FELG | NUGO |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.50% |
| AUM | $5.4B | $2.2B |
| Dividend Yield | 0.37% | 0.00% |
| Holdings | 267 | 86 |
| YTD Return | +0.40% | +2.88%Best |
| 1Y Return | -1.12% | +0.83%Best |
| 3Y Return (annualized) | +18.91% | +19.84%Best |
| 5Y Return (annualized) | - | +9.40% |
| Volatility (annualized) | 16.1%Best | 16.9% |
| Max Drawdown | -23.9%Best | -25.1% |
| $10,000 over 3 years | $16,813Best | $16,741 |
| Top 10 Weight | 58.9%Best | 62.4% |
| Fund Family | Fidelity Investments (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 20, 2023 | Sep 27, 2021 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Nov 20, 2023 to Nov 11, 2026 (3 years).
FELG vs NUGO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
FELG vs NUGO Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is an ETF from Fidelity Investments (US) and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year FELG returned -1.12% while NUGO returned +0.83%. Year to date, FELG is up 0.40% versus a gain of 2.88% for NUGO.
Over three years, FELG compounded at +18.91% per year against +19.84% for NUGO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGO has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.1% for FELG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.9% for FELG and -25.1% for NUGO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELG charges 0.18% per year while NUGO charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, FELG currently yields 0.37% against 0.00% for NUGO.
Holdings Overlap
71.8% of FELG's money is in holdings NUGO also owns. 91.8% of NUGO's money is in holdings FELG also owns.
Most of NUGO is already inside FELG. Owning both mostly buys the same companies twice.
32 positions in common, counted across the 129 positions we hold weights for in FELG and 43 in NUGO, against full books of 267 and 86.
What only one of them owns
Our book lists 11 positions for NUGO that do not appear in our book for FELG (8.2% of the fund), and 83 for FELG that do not appear in NUGO (28.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FELG | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.59% | 15.28% | 0.31% |
| GOOGLAlphabet Inc | 7.76% | 10.56% | 2.80% |
| AAPLApple Inc | 8.65% | 7.45% | 1.20% |
| MSFTMicrosoft Corp | 5.37% | 7.58% | 2.21% |
| AVGOBroadcom Inc | 4.85% | 6.00% | 1.15% |
| LLYEli Lilly & Co | 3.59% | 4.20% | 0.61% |
| MUMicron Technology, Inc. | 3.45% | 2.64% | 0.81% |
| METAMeta Platforms Inc | 3.89% | 2.17% | 1.72% |
| MAMastercard Inc | 1.70% | 3.47% | 1.77% |
| AMDAdvanced Micro Devices Inc | 2.13% | 2.83% | 0.70% |
91.8% of NUGO is already inside FELG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FELG or NUGO?
FELG has an expense ratio of 0.18% while NUGO charges 0.50%. FELG is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FELG or NUGO?
Over the past year FELG returned -1.12% vs +0.83% for NUGO, so NUGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELG or NUGO?
NUGO has been the more volatile fund at 16.9% annualized versus 16.1% for FELG. Worst drawdown: FELG -23.9% vs NUGO -25.1%.
Should I hold both FELG and NUGO?
FELG and NUGO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FELG and NUGO?
91.8% of NUGO's money is in holdings FELG also owns. 91.8% of NUGO's is in holdings FELG also owns. They hold 32 positions in common, counted across the 129 positions we hold weights for in FELG and 43 in NUGO.
Which pays a higher dividend, FELG or NUGO?
FELG yields 0.37% while NUGO yields 0.00%, so FELG currently pays the higher dividend yield.
Is NUGO better than FELG?
FELG has a lower expense ratio. FELG led over the full window, NUGO over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.98. FELG is less concentrated, with 58.9% of the fund in its ten largest positions against 62.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.