FELG vs PWB: Differences, Returns & Fees
FELG and PWB hold 44% of their weight in the same names, and PWB returned +20.2% over the year. Net assets: $5.8bn on Sep 30, 2026 for Fidelity Enhanced Large Cap Growth ETF, and $2.6bn on Oct 20, 2026 for Invesco Large Cap Growth ETF.
FELG costs 0.37 points a year less; their one-year returns differ by 13.4 points.
| FELG | PWB | |
|---|---|---|
| Expense ratio | 0.18% | 0.55% |
| Net assets, FELG as of Sep 30, 2026 and PWB as of Oct 20, 2026 | $5.8bn | $2.6bn |
| Total return, 1 year | +6.8% | +20.2% |
| What it tracks | No index, actively managed | Dynamic Large Cap Growth Intellidex Index |
| Holdings in common | 44% | |
| Top ten holdings, share of the fund | 54.6% | 36.0% |
| Below its high | 5.2%, high on Oct 6, 2026 | 8.9%, high on Jun 22, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, FELG and PWB hold 44% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
44% in common
On the same fields
FELG and PWB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FELG
FELG is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +6.8% with distributions reinvested. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 142 positions, with the top ten at 54.6%. It sat 5.2% below its high of Oct 6, 2026 on Oct 20, 2026.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, FELG or PWB?
- In the year to Oct 20, 2026, with distributions reinvested, FELG returned +6.8% and PWB +20.2%.
- Which is cheaper, FELG or PWB?
- FELG is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FELG against PWB, data as of Oct 20, 2026. https://etfiq.com/compare/any/felg-vs-pwb
ETFIQ. (Oct 20, 2026). FELG against PWB. Retrieved from https://etfiq.com/compare/any/felg-vs-pwb
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