FELG - ETF AI Analysis

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Fidelity Enhanced Large Cap Growth ETF (FELG)

Rating:73Outperform

Price Target:―

The Fidelity Enhanced Large Cap Growth ETF (FELG) benefits from strong contributions by top holdings like Nvidia and Apple, which are well-positioned for long-term growth due to their strategic focus on AI, data centers, and services expansion. Alphabet also adds strength with its robust profitability and investments in AI and cloud services. However, the ETF's overall rating is tempered by holdings like Tesla and Amazon, which face valuation concerns and short-term technical weaknesses. Investors should note the ETF's concentration in high-valuation tech stocks, which could pose risks during market downturns.

Positive Factors

Strong Top Holdings

Several of the ETF's largest positions, including Nvidia, Broadcom, and Netflix, have delivered strong year-to-date performance, driving overall returns.

Low Expense Ratio

The ETF has a competitive expense ratio, which helps investors keep more of their returns compared to higher-cost funds.

Technology Sector Leadership

With over half of its exposure in the technology sector, the ETF benefits from the strong performance of leading tech companies.

Negative Factors

High Sector Concentration

The ETF is heavily weighted toward technology, which increases risk if the sector faces a downturn.

Limited Geographic Diversification

Nearly all the ETF's holdings are U.S.-based, offering little exposure to international markets.

Underperformance in Key Holding

Amazon, one of the top holdings, has shown weak year-to-date performance, which could drag on overall returns.

FELG vs. SPDR S&P 500 ETF (SPY)

AUM4.66B

RegionNorth America

Expense Ratio0.18%

Beta1.26

IssuerFidelity

Inception DateNov 20, 2023

Dividend Yield0.41%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume477,031

30 Day Avg. Volume536,650

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

49.31

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering100

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FELG Summary

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an investment fund that focuses on large companies with strong growth potential, like Apple and Nvidia. It includes businesses in sectors such as technology, consumer discretionary, and healthcare, which are known for innovation and expansion. FELG is actively managed to find opportunities for higher returns compared to traditional large-cap growth funds. Investors might consider this ETF for its focus on growth and diversification across leading industries. However, since over half of its investments are in technology companies, its performance can be heavily influenced by the ups and downs of the tech sector.

How much will it cost me?The Fidelity Enhanced Large Cap Growth ETF (FELG) has an expense ratio of 0.18%, which means you’ll pay $1.80 per year for every $1,000 invested. This is slightly higher than average because the fund is actively managed, aiming to outperform traditional large-cap growth indices by leveraging Fidelity’s expertise and strategic selection process.

What would affect this ETF?The Fidelity Enhanced Large Cap Growth ETF (FELG) could benefit from continued innovation and growth in sectors like technology and healthcare, as well as strong performance from top holdings such as Nvidia, Apple, and Microsoft. However, rising interest rates or economic slowdowns could negatively impact growth-focused companies, particularly in consumer discretionary and technology sectors. Regulatory changes or geopolitical tensions affecting U.S.-based large-cap firms may also pose risks to the ETF’s future performance.

FELG Top 10 Holdings

The Fidelity Enhanced Large Cap Growth ETF (FELG) leans heavily into technology, with over half of its portfolio in the sector, making it a clear driver of performance. Nvidia and Broadcom are steady contributors, riding the AI wave, though Nvidia has shown signs of cooling recently. Apple is rising steadily, buoyed by strong earnings and service expansion, while Microsoft has been lagging, weighed down by valuation concerns. Alphabet’s strong momentum in AI and cloud services adds a bright spot, but Tesla’s mixed performance and Meta’s recent struggles are holding the fund back. With its U.S.-centric focus, FELG is a tech-heavy bet on innovation and growth.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	12.81%	$599.41M	$4.32T	32.60%	76 Outperform
AAPL	Apple	12.40%	$580.20M	$4.06T	10.71%	79 Outperform
MSFT	Microsoft	10.08%	$471.42M	$3.54T	8.85%	79 Outperform
AVGO	Broadcom	5.24%	$245.21M	$1.61T	45.79%	76 Outperform
TSLA	Tesla	4.05%	$189.55M	$1.63T	6.16%	73 Outperform
AMZN	Amazon	3.68%	$172.21M	$2.38T	0.34%	71 Outperform
META	Meta Platforms	3.57%	$166.82M	$1.66T	8.76%	76 Outperform
GOOGL	Alphabet Class A	3.48%	$162.78M	$3.71T	57.49%	85 Outperform
GOOG	Alphabet Class C	3.35%	$156.73M	$3.71T	56.75%	82 Outperform
LLY	Eli Lilly & Co	3.18%	$148.74M	$996.71B	36.23%	72 Outperform

FELG Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

41.55

Negative

100DMA

40.57

Positive

200DMA

37.23

Positive

Market Momentum

MACD

-0.04

Positive

RSI

37.61

Neutral

STOCH

10.74

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FELG, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 41.50, equal to the 50-day MA of 41.55, and equal to the 200-day MA of 37.23, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 10.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FELG.

FELG Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FELG	―	―	$4.66B	0.18%	―
AVLV	―	―	$8.98B	0.15%	―
JGRO	―	―	$8.40B	0.44%	―
QQQI	―	―	$6.87B	0.68%	―
TCAF	―	―	$6.68B	0.31%	―
SPYI	―	―	$6.51B	0.68%	―

Performance Comparison

FELG

Fidelity Enhanced Large Cap Growth ETF

40.64

5.28

14.93%

AVLV

Avantis U.S. Large Cap Value ETF

―

JGRO

JPMorgan Active Growth ETF

―

QQQI

NEOS Nasdaq 100 High Income ETF

―

TCAF

T. Rowe Price Capital Appreciation Equity ETF

―

SPYI

NEOS S&P 500 High Income ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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