FELC vs. FDVV
Compare and contrast key facts about Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity High Dividend ETF (FDVV).
FELC and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELC or FDVV.
Key characteristics
| FELC | FDVV | |
|---|---|---|
| YTD Return | 27.74% | 25.53% |
| Daily Std Dev | 12.10% | 10.36% |
| Max Drawdown | -8.70% | -40.25% |
| Current Drawdown | 0.00% | -0.23% |
Correlation
The correlation between FELC and FDVV is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FELC vs. FDVV - Performance Comparison
In the year-to-date period, FELC achieves a 27.74% return, which is significantly higher than FDVV's 25.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FELC vs. FDVV - Expense Ratio Comparison
FELC has a 0.18% expense ratio, which is lower than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
FELC vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity High Dividend ETF (FDVV). 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.
Not enough dataDividends
FELC vs. FDVV - Dividend Comparison
FELC's dividend yield for the trailing twelve months is around 0.76%, less than FDVV's 2.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 0.76% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 2.72% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
FELC vs. FDVV - Drawdown Comparison
The maximum FELC drawdown since its inception was -8.70%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FELC and FDVV. For additional features, visit the drawdowns tool.
Volatility
FELC vs. FDVV - Volatility Comparison
Fidelity Enhanced Large Cap Core ETF (FELC) has a higher volatility of 3.81% compared to Fidelity High Dividend ETF (FDVV) at 2.73%. This indicates that FELC's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.