- Issuer
- Fidelity
- Inception Date
- Apr 19, 2007
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $8B
Share Price Chart
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Performance
FELC Performance Chart
Fidelity Enhanced Large Cap Core ETF (FELC) is up 10.3% since the beginning of the year. FELC is currently trading at $42 per share.
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Returns By Period
Fidelity Enhanced Large Cap Core ETF (FELC) has returned 10.25% so far this year and 27.67% over the past 12 months.
Fidelity Enhanced Large Cap Core ETF
- 1D
- -0.17%
- 1M
- 0.55%
- YTD
- 10.25%
- 6M
- 9.77%
- 1Y
- 27.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FELC Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2023, FELC's average daily return is +0.09%, while the average monthly return is +1.76%. At this rate, an investment would double in approximately 3.3 years.
Historically, 72% of months were positive and 28% were negative. The best month was Apr 2026 with a return of +10.4%, while the worst month was Mar 2025 at -5.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FELC closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.3%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.18% | -0.91% | -4.96% | 10.42% | 5.79% | -0.95% | 10.25% | ||||||
| 2025 | 2.58% | -1.87% | -5.63% | -0.67% | 6.26% | 5.06% | 1.48% | 2.91% | 3.70% | 1.99% | 0.18% | 0.46% | 17.09% |
| 2024 | 2.03% | 5.60% | 3.32% | -4.34% | 4.54% | 4.00% | 0.85% | 2.27% | 1.93% | -0.31% | 5.60% | -2.24% | 25.25% |
| 2023 | 0.95% | 5.06% | 6.06% |
Benchmark Metrics
Fidelity Enhanced Large Cap Core ETF has an annualized alpha of 1.71%, beta of 0.98, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since November 20, 2023.
- This ETF captured 103.18% of S&P 500 Index gains but only 93.98% of its losses - a favorable profile for investors.
- With beta of 0.98 and R2 of 0.99, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.71%
- Beta
- 0.98
- R²
- 0.99
- Upside Capture
- 103.18%
- Downside Capture
- 93.98%
Expense Ratio
FELC has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
FELC ranks 70 for risk / return — better than 70% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FELC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.78 | +0.27 |
| Martin ratioReturn relative to average drawdown | 13.72 | 12.44 | +1.28 |
Dividends
Dividend History
Fidelity Enhanced Large Cap Core ETF provided a 0.85% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.36 | $0.35 | $0.34 | $0.01 |
Dividend yield | 0.85% | 0.92% | 1.03% | 0.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Large Cap Core ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.19 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.35 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.34 |
| 2023 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Large Cap Core ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced Large Cap Core ETF was 18.59%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current Fidelity Enhanced Large Cap Core ETF drawdown is 1.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.59%Apr 2025 | 2mo 14d | 2mo 19d | 5mo 3dJan 2025 - Jun 2025 |
2026 pullback2026 | -9.09%Mar 2026 | 1mo 25d | 15d | 2mo 10dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.70%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2025 pullback2025 | -5.14%Nov 2025 | 22d | 15d | 1mo 7dOct 2025 - Dec 2025 |
2024 pullback2024 | -5.08%Apr 2024 | 18d | 26d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| FELC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -56.78% | +38.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.10% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.46% | -1.80% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -10.71% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.03% | -0.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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