FEAC vs. BLCR

Last updated Jun 3, 2026

FEAC (Fidelity Enhanced U.S. All-Cap Equity ETF) and BLCR (Blackrock Large Cap Core ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, FEAC returned 32.02% vs 47.09% for BLCR. Their correlation of 0.91 suggests significant overlap in exposure. FEAC charges 0.18%/yr vs 0.36%/yr for BLCR.

Performance

FEAC vs. BLCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and Blackrock Large Cap Core ETF (BLCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAC achieves a 13.02% return, which is significantly lower than BLCR's 19.56% return.

FEAC

• 1D: 0.47%
• 1M: 6.39%
• YTD: 13.02%
• 6M: 13.99%
• 1Y: 32.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLCR

• 1D: -0.33%
• 1M: 6.16%
• YTD: 19.56%
• 6M: 21.53%
• 1Y: 47.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEAC vs. BLCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	13.02%	18.01%	-1.69%
BLCR Blackrock Large Cap Core ETF	19.56%	30.93%	0.84%

Correlation

The correlation between FEAC and BLCR is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.91

The correlation between FEAC and BLCR has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

FEAC vs. BLCR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEAC

FEAC Risk / Return Rank: 78
FEAC Sharpe Ratio Rank: 78
FEAC Sortino Ratio Rank: 77
FEAC Omega Ratio Rank: 75
FEAC Calmar Ratio Rank: 77
FEAC Martin Ratio Rank: 84

BLCR

BLCR Risk / Return Rank: 87
BLCR Sharpe Ratio Rank: 89
BLCR Sortino Ratio Rank: 87
BLCR Omega Ratio Rank: 85
BLCR Calmar Ratio Rank: 84
BLCR Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEAC vs. BLCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and Blackrock Large Cap Core ETF (BLCR). 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.

	FEAC	BLCR	Difference
Sharpe ratio Return per unit of total volatility	2.57	3.05	-0.47
Sortino ratio Return per unit of downside risk	3.49	4.02	-0.53
Omega ratio Gain probability vs. loss probability	1.45	1.52	-0.07
Calmar ratio Return relative to maximum drawdown	3.97	4.61	-0.64
Martin ratio Return relative to average drawdown	17.41	21.86	-4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEAC vs. BLCR - Sharpe Ratio Comparison

The current FEAC Sharpe Ratio is 2.57, which is comparable to the BLCR Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of FEAC and BLCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEAC	BLCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	3.05	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.90	-0.77

Drawdowns

FEAC vs. BLCR - Drawdown Comparison

The maximum FEAC drawdown since its inception was -18.96%, smaller than the maximum BLCR drawdown of -21.29%. Use the drawdown chart below to compare losses from any high point for FEAC and BLCR.

Drawdown Indicators

	FEAC	BLCR	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-21.29%	+2.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-10.26%	+2.11%
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-2.56%	-2.19%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.16%	-0.30%

Volatility

FEAC vs. BLCR - Volatility Comparison

The current volatility for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is 3.07%, while Blackrock Large Cap Core ETF (BLCR) has a volatility of 4.45%. This indicates that FEAC experiences smaller price fluctuations and is considered to be less risky than BLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAC	BLCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	4.45%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	9.15%	12.24%	-3.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	15.54%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	17.47%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	17.47%	+0.04%

FEAC vs. BLCR - Expense Ratio Comparison

FEAC has a 0.18% expense ratio, which is lower than BLCR's 0.36% expense ratio.

Dividends

FEAC vs. BLCR - Dividend Comparison

FEAC's dividend yield for the trailing twelve months is around 0.85%, more than BLCR's 0.23% yield.

Position	TTM	2025	2024	2023
BLCR Blackrock Large Cap Core ETF	0.23%	0.33%	0.75%	0.13%
FEAC Fidelity Enhanced U.S. All-Cap Equity ETF	0.85%	0.94%	0.12%	0.00%

Frequently Asked Questions

Can I hold both FEAC and BLCR in my portfolio?

With a correlation of 0.91, FEAC and BLCR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEAC or BLCR?

BLCR has higher volatility (4.45%) compared to FEAC (3.07%). In terms of maximum drawdown, FEAC dropped -18.96% vs BLCR's -21.29%.

Which ETF is better, FEAC or BLCR?

On 1-year performance, BLCR leads with 47.09% vs 32.02% for FEAC. On fees, FEAC is cheaper at 0.18% per year. On volatility, FEAC has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAC or BLCR?

Over the 1-year period, BLCR has performed better with a 47.09% return vs 32.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAC or BLCR?

FEAC is cheaper with a 0.18% expense ratio, compared with 0.36% for BLCR.

Which ETF pays a higher dividend yield, FEAC or BLCR?

FEAC has the higher dividend yield at 0.85%, compared with 0.23% for BLCR.

What is the main difference between FEAC and BLCR?

They also come from different issuers: Fidelity and BlackRock. Their fees differ too: 0.18% for FEAC and 0.36% for BLCR.

Which has better risk-adjusted returns?

BLCR currently has the higher Sharpe Ratio (3.05 vs 2.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.