FELC vs. FREL
Compare and contrast key facts about Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity MSCI Real Estate Index ETF (FREL).
FELC and FREL 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. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Performance
FELC vs. FREL - Performance Comparison
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FELC vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | -4.71% | 17.09% | 25.25% | 5.68% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 3.09% | 5.05% | 12.19% |
Returns By Period
In the year-to-date period, FELC achieves a -4.71% return, which is significantly lower than FREL's 0.98% return.
FELC
- 1D
- 2.92%
- 1M
- -4.96%
- YTD
- -4.71%
- 6M
- -2.19%
- 1Y
- 17.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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FELC vs. FREL - Expense Ratio Comparison
FELC has a 0.18% expense ratio, which is higher than FREL's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FELC vs. FREL — Risk / Return Rank
FELC
FREL
FELC vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
| FELC | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.09 | +0.87 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.24 | +1.24 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.03 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.20 | +1.30 |
Martin ratioReturn relative to average drawdown | 7.02 | 0.77 | +6.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FELC | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.09 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.23 | +0.95 |
Correlation
The correlation between FELC and FREL is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FELC vs. FREL - Dividend Comparison
FELC's dividend yield for the trailing twelve months is around 0.99%, less than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 0.99% | 0.92% | 1.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
FELC vs. FREL - Drawdown Comparison
The maximum FELC drawdown since its inception was -18.59%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FELC and FREL.
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Drawdown Indicators
| FELC | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -42.61% | +24.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -12.42% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -6.43% | -9.83% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -10.05% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.19% | -0.63% |
Volatility
FELC vs. FREL - Volatility Comparison
Fidelity Enhanced Large Cap Core ETF (FELC) has a higher volatility of 5.29% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.55%. This indicates that FELC's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FELC | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.55% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 9.29% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 16.41% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 18.85% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 20.67% | -5.25% |