FELC vs. IHG

Last updated Jun 4, 2026

FELC (Fidelity Enhanced Large Cap Core ETF) is Large Cap Growth Equities fund actively managed by Fidelity, while IHG (InterContinental Hotels Group PLC) is a stock. Over the past year, FELC returned 28.58% vs 39.91% for IHG. At a 0.46 correlation, their price movements are largely independent.

Performance

FELC vs. IHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Core ETF (FELC) and InterContinental Hotels Group PLC (IHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FELC achieves a 11.23% return, which is significantly lower than IHG's 14.98% return.

FELC

• 1D: -0.59%
• 1M: 5.59%
• YTD: 11.23%
• 6M: 11.57%
• 1Y: 28.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IHG

• 1D: 1.45%
• 1M: 14.96%
• YTD: 14.98%
• 6M: 17.70%
• 1Y: 39.91%
• 3Y*: 34.74%
• 5Y*: 19.86%
• 10Y*: 17.12%

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

FELC vs. IHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	11.23%	17.09%	25.25%	5.68%
IHG InterContinental Hotels Group PLC	14.98%	14.53%	39.13%	17.73%

Correlation

The correlation between FELC and IHG is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.46

Return for Risk

FELC vs. IHG — Risk / Return Rank

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

FELC

FELC Risk / Return Rank: 70
FELC Sharpe Ratio Rank: 72
FELC Sortino Ratio Rank: 71
FELC Omega Ratio Rank: 71
FELC Calmar Ratio Rank: 63
FELC Martin Ratio Rank: 75

IHG

IHG Risk / Return Rank: 81
IHG Sharpe Ratio Rank: 82
IHG Sortino Ratio Rank: 81
IHG Omega Ratio Rank: 75
IHG Calmar Ratio Rank: 82
IHG Martin Ratio Rank: 85

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.

FELC vs. IHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and InterContinental Hotels Group PLC (IHG). 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	IHG	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.56	+0.86
Sortino ratio: Return per unit of downside risk	3.29	2.41	+0.88
Omega ratio: Gain probability vs. loss probability	1.44	1.26	+0.17
Calmar ratio: Return relative to maximum drawdown	3.16	3.08	+0.08
Martin ratio: Return relative to average drawdown	14.66	9.17	+5.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELC vs. IHG - Sharpe Ratio Comparison

The current FELC Sharpe Ratio is 2.41, which is higher than the IHG Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FELC and IHG, 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

	FELC	IHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.56	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.64	+0.95

Drawdowns

FELC vs. IHG - Drawdown Comparison

The maximum FELC drawdown since its inception was -18.59%, smaller than the maximum IHG drawdown of -77.84%. Use the drawdown chart below to compare losses from any high point for FELC and IHG.

Drawdown Indicators

	FELC	IHG	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-77.84%	+59.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-13.04%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.29%	—
Current Drawdown Current decline from peak	-0.59%	0.00%	-0.59%
Average Drawdown Average peak-to-trough decline	-1.91%	-13.87%	+11.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	4.36%	-2.41%

Volatility

FELC vs. IHG - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Core ETF (FELC) is 2.78%, while InterContinental Hotels Group PLC (IHG) has a volatility of 6.77%. This indicates that FELC experiences smaller price fluctuations and is considered to be less risky than IHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELC	IHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	6.77%	-3.99%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	19.18%	-10.25%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	25.80%	-13.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	26.84%	-11.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	30.53%	-15.36%

Dividends

FELC vs. IHG - Dividend Comparison

FELC's dividend yield for the trailing twelve months is around 0.85%, less than IHG's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELC Fidelity Enhanced Large Cap Core ETF	0.85%	0.92%	1.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IHG InterContinental Hotels Group PLC	1.15%	1.23%	1.26%	1.57%	2.22%	0.00%	0.00%	5.52%	1.97%	8.04%	30.47%	2.72%

Frequently Asked Questions

Can I hold both FELC and IHG in my portfolio?

FELC and IHG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELC or IHG?

IHG has higher volatility (6.77%) compared to FELC (2.78%). In terms of maximum drawdown, FELC dropped -18.59% vs IHG's -77.84%.

Which has better risk-adjusted returns?

FELC currently has the higher Sharpe Ratio (2.41 vs 1.56), 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.