FCLO vs. FELC
Compare and contrast key facts about Fidelity CLO ETF (FCLO) and Fidelity Enhanced Large Cap Core ETF (FELC).
FCLO and FELC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCLO is an actively managed fund by Fidelity. It was launched on Feb 10, 2026. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007.
Performance
FCLO vs. FELC - Performance Comparison
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FCLO vs. FELC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FCLO Fidelity CLO ETF | 0.06% |
FELC Fidelity Enhanced Large Cap Core ETF | -4.21% |
Returns By Period
FCLO
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FELC
- 1D
- 2.92%
- 1M
- -4.96%
- YTD
- -4.71%
- 6M
- -2.19%
- 1Y
- 17.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FCLO vs. FELC - Expense Ratio Comparison
FCLO has a 0.45% expense ratio, which is higher than FELC's 0.18% expense ratio.
Return for Risk
FCLO vs. FELC — Risk / Return Rank
FCLO
FELC
FCLO vs. FELC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity CLO ETF (FCLO) and Fidelity Enhanced Large Cap Core ETF (FELC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FCLO | FELC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.18 | -0.87 |
Correlation
The correlation between FCLO and FELC is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FCLO vs. FELC - Dividend Comparison
FCLO's dividend yield for the trailing twelve months is around 0.54%, less than FELC's 0.99% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCLO Fidelity CLO ETF | 0.54% | 0.00% | 0.00% | 0.00% |
FELC Fidelity Enhanced Large Cap Core ETF | 0.99% | 0.92% | 1.03% | 0.04% |
Drawdowns
FCLO vs. FELC - Drawdown Comparison
The maximum FCLO drawdown since its inception was -0.58%, smaller than the maximum FELC drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FCLO and FELC.
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Drawdown Indicators
| FCLO | FELC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -18.59% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.01% | — |
Current DrawdownCurrent decline from peak | -0.09% | -6.43% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -1.98% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.56% | — |
Volatility
FCLO vs. FELC - Volatility Comparison
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Volatility by Period
| FCLO | FELC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 18.21% | -16.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.62% | 15.42% | -13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 15.42% | -13.80% |