FELC vs. SCHK

Last updated Jun 24, 2026

FELC (Fidelity Enhanced Large Cap Core ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds. FELC is actively managed, while SCHK is passively managed. Over the past year, FELC returned 24.68% vs 23.67% for SCHK. With a 0.98 correlation, they move nearly in lockstep. FELC charges 0.18%/yr vs 0.03%/yr for SCHK.

Performance

FELC vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Core ETF (FELC) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FELC having a 8.65% return and SCHK slightly lower at 8.54%.

FELC

• 1D: -1.46%
• 1M: -0.92%
• YTD: 8.65%
• 6M: 7.63%
• 1Y: 24.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHK

• 1D: -1.42%
• 1M: -0.95%
• YTD: 8.54%
• 6M: 7.46%
• 1Y: 23.67%
• 3Y*: 20.74%
• 5Y*: 12.31%
• 10Y*: —

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

FELC vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	8.65%	17.09%	25.25%	6.06%
SCHK Schwab 1000 Index ETF	8.54%	17.23%	24.48%	6.53%

Correlation

The correlation between FELC and SCHK is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.98

The correlation between FELC and SCHK has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

FELC vs. SCHK - Sectors Allocation Comparison

Sectors	FELC	SCHK
Technology	40.8%	38.0%
Financial Services	12.3%	11.2%
Communication Services	11.4%	10.1%
Consumer Cyclical	10.0%	9.8%
Industrials	9.1%	8.9%
Healthcare	7.4%	8.4%
Energy	2.8%	3.2%
Consumer Defensive	2.5%	4.3%
Basic Materials	1.4%	1.9%
Utilities	1.3%	2.1%
Real Estate	1.1%	2.0%

Return for Risk

FELC vs. SCHK — Risk / Return Rank

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

FELC

FELC Risk / Return Rank: 61
FELC Sharpe Ratio Rank: 62
FELC Sortino Ratio Rank: 59
FELC Omega Ratio Rank: 60
FELC Calmar Ratio Rank: 57
FELC Martin Ratio Rank: 69

SCHK

SCHK Risk / Return Rank: 58
SCHK Sharpe Ratio Rank: 57
SCHK Sortino Ratio Rank: 55
SCHK Omega Ratio Rank: 56
SCHK Calmar Ratio Rank: 56
SCHK Martin Ratio Rank: 67

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. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and Schwab 1000 Index ETF (SCHK). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FELC	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.86	+0.11
Sortino ratio: Return per unit of downside risk	2.67	2.53	+0.14
Omega ratio: Gain probability vs. loss probability	1.36	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	2.73	2.65	+0.08
Martin ratio: Return relative to average drawdown	12.19	11.81	+0.37

FELC vs. SCHK - Sharpe Ratio Comparison

The current FELC Sharpe Ratio is 1.97, which is comparable to the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FELC and SCHK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FELC vs. SCHK - Drawdown Comparison

The maximum FELC drawdown since its inception was -18.59%, smaller than the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for FELC and SCHK.

Drawdown Indicators

	FELC	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-34.80%	+16.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-8.97%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.44%	—
Current Drawdown Current decline from peak	-2.90%	-2.98%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.91%	-5.16%	+3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.01%	+0.02%

Volatility

FELC vs. SCHK - Volatility Comparison

Fidelity Enhanced Large Cap Core ETF (FELC) and Schwab 1000 Index ETF (SCHK) have volatilities of 4.96% and 4.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELC	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.96%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	10.10%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	12.84%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	17.34%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	19.12%	-3.83%

FELC vs. SCHK - Expense Ratio Comparison

FELC has a 0.18% expense ratio, which is higher than SCHK's 0.03% 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%.

Dividends

FELC vs. SCHK - Dividend Comparison

FELC's dividend yield for the trailing twelve months is around 0.86%, less than SCHK's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FELC Fidelity Enhanced Large Cap Core ETF	0.86%	0.92%	1.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHK Schwab 1000 Index ETF	1.03%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both FELC and SCHK in my portfolio?

With a correlation of 0.98, FELC and SCHK 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, FELC or SCHK?

SCHK has higher volatility (4.96%) compared to FELC (4.96%). In terms of maximum drawdown, FELC dropped -18.59% vs SCHK's -34.80%.

Which ETF is better, FELC or SCHK?

On 1-year performance, FELC leads with 24.68% vs 23.67% for SCHK. On fees, SCHK is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELC or SCHK?

Over the 1-year period, FELC has performed better with a 24.68% return vs 23.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELC or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.18% for FELC.

Which ETF pays a higher dividend yield, FELC or SCHK?

SCHK has the higher dividend yield at 1.03%, compared with 0.86% for FELC.

What is the main difference between FELC and SCHK?

They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.18% for FELC and 0.03% for SCHK.

Which has better risk-adjusted returns?

FELC currently has the higher Sharpe Ratio (1.97 vs 1.86), 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.