Fidelity Enhanced Large Cap Value ETF (FELV)
The ETF aims for capital appreciation by investing primarily in common stocks from the Russell 1000® Value Index using quantitative analysis, seeking higher returns than the index. It also includes domestic and foreign issuers and engages in securities lending for additional income.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Nov 20, 2023 |
| Category | Large Cap Value Equities |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
FELV has an expense ratio of 0.18%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FELV vs. FELG, FELV vs. VUG, FELV vs. MGV, FELV vs. FNDX, FELV vs. FLCOX, FELV vs. FNILX, FELV vs. XLK, FELV vs. VIG, FELV vs. JEPI, FELV vs. FZROX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Enhanced Large Cap Value ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 21.95% | 25.48% |
| 1 month | 2.17% | 2.14% |
| 6 months | 11.75% | 12.76% |
| 1 year | N/A | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FELV, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.34% | 3.86% | 5.33% | -4.32% | 2.79% | -0.30% | 4.62% | 2.78% | 1.26% | -0.55% | 21.95% | ||
| 2023 | 1.36% | 5.76% | 7.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Fidelity Enhanced Large Cap Value ETF provided a 1.50% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.48 | $0.01 |
Dividend yield | 1.50% | 0.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced Large Cap Value 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.47 | |
| 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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced Large Cap Value 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 Value ETF was 5.34%, occurring on Apr 17, 2024. Recovery took 59 trading sessions.
The current Fidelity Enhanced Large Cap Value ETF drawdown is 0.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.34% | Apr 1, 2024 | 13 | Apr 17, 2024 | 59 | Jul 12, 2024 | 72 |
| -5.15% | Aug 1, 2024 | 3 | Aug 5, 2024 | 10 | Aug 19, 2024 | 13 |
| -3.39% | Sep 3, 2024 | 4 | Sep 6, 2024 | 9 | Sep 19, 2024 | 13 |
| -2.67% | Oct 17, 2024 | 11 | Oct 31, 2024 | 4 | Nov 6, 2024 | 15 |
| -2.1% | Jul 18, 2024 | 5 | Jul 24, 2024 | 5 | Jul 31, 2024 | 10 |
Volatility
Volatility Chart
The current Fidelity Enhanced Large Cap Value ETF volatility is 3.78%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.