FELG vs SPY: Holdings Overlap
FELGFidelity Enhanced Large Cap Growth ETF
Fidelity · 100 holdings · $5.8B · as of 2026-03-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (FELG: 2026-03-31, SPY: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FELG and SPY?
Fidelity Enhanced Large Cap Growth ETF (FELG, by Fidelity) holds 100 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 65 holdings in common, and by portfolio weight the two funds are 51.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 65FELG holds 100 · SPY holds 504
- Weight in Shared Holdings
- FELG 92%·SPY 55%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FELG
35 of 100 positions (7.3% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | FELG | SPY |
|---|---|---|
| Information Technology | 51.1% | 37.6% |
| Communication Services | 12.6% | 9.7% |
| Financials | 4.8% | 12.3% |
| Consumer Discretionary | 11.4% | 9.3% |
| Health Care | 8.1% | 8.9% |
| Other Sectors | 11.1% | 22.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FELG | +3.4% | +7.3% | +16.4% | — | — | — | 0.34% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FELG vs SPY →
Shared Holdings(65)
The top 10 shared positions account for 74% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.29% | 8.00% | 8.00% |
|---|---|---|---|
 AAPLApple Inc. COM | 12.03% | 6.92% | 6.92% |
 MSFTMicrosoft Corp. COM | 8.19% | 5.60% | 5.60% |
 AMZNAmazon.com, Inc. COM | 4.22% | 4.02% | 4.02% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.61% | 3.16% | 3.16% |
 AVGOBroadcom Inc COM | 5.23% | 3.00% | 3.00% |
 GOOGAlphabet Inc. CAP STK CL C | 3.22% | 2.54% | 2.54% |
 METAMeta Platforms, Inc., Class A | 3.93% | 1.95% | 1.95% |
 LLYEli Lilly & Co. COM | 2.91% | 1.42% | 1.42% |
 TSLATesla Inc COM | 3.83% | 1.36% | 1.36% |
 VVisa, Inc., Class A | 1.32% | 0.93% | 0.93% |
 MAMasterCard Incorporated CL A | 1.98% | 0.70% | 0.70% |
 ABBVAbbVie Inc. COM | 1.92% | 0.65% | 0.65% |
 COSTCostco Wholesale Corporation COM | 1.05% | 0.63% | 0.63% |
 GEGeneral Electric Co. | 1.55% | 0.59% | 0.59% |
 LRCXLam Research Corporation COM NEW | 1.48% | 0.58% | 0.58% |
 PLTRPalantir Technologies, Inc., Class A | 0.78% | 0.54% | 0.54% |
 HDHome Depot, Inc. (The) | 0.78% | 0.52% | 0.52% |
 NFLXNetflix, Inc. COM | 0.95% | 0.47% | 0.47% |
 MUMicron Technology Inc. COM | 0.44% | 1.50% | 0.44% |
 GEVGE Vernova Inc. COM | 0.64% | 0.41% | 0.41% |
 RTXRTX Corp. COM | 0.39% | 0.45% | 0.39% |
 KLACKLA Corp. COM NEW | 0.40% | 0.38% | 0.38% |
 ORCLOracle Corp. COM | 0.38% | 0.37% | 0.37% |
 LINLinde PLC COM EUR0.001 | 0.40% | 0.34% | 0.34% |
Frequently Asked Questions
How much do FELG and SPY overlap?
FELG and SPY overlap by 51.4% of portfolio weight. They share 65 holdings (FELG holds 100 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FELG and SPY?
The two portfolios are 51.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FELG and SPY?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 74% of the total overlap.
What does FELG own that SPY doesn't?
35 positions (7.3% of FELG) are unique to FELG, led by ALNY, ZM and FTI. In the other direction, 439 positions (45.0% of SPY) are unique to SPY.