FELG vs. FELC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Enhanced Large Cap Core ETF (FELC).

FELG and FELC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007.

Performance

FELG vs. FELC - Performance Comparison

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

FELG vs. FELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	-9.08%	18.44%	35.45%	4.20%
FELC Fidelity Enhanced Large Cap Core ETF	-3.95%	17.09%	25.25%	5.68%

Returns By Period

In the year-to-date period, FELG achieves a -9.08% return, which is significantly lower than FELC's -3.95% return.

FELG

• 1D: 1.04%
• 1M: -4.28%
• YTD: -9.08%
• 6M: -8.16%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FELC

• 1D: 0.80%
• 1M: -4.23%
• YTD: -3.95%
• 6M: -1.59%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FELG vs. FELC - Expense Ratio Comparison

Both FELG and FELC have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

FELG

Fidelity Enhanced Large Cap Growth ETF

FELC

Fidelity Enhanced Large Cap Core ETF

Return for Risk

FELG vs. FELC — Risk / Return Rank

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

FELG

FELG Risk / Return Rank: 48
FELG Sharpe Ratio Rank: 46
FELG Sortino Ratio Rank: 51
FELG Omega Ratio Rank: 50
FELG Calmar Ratio Rank: 47
FELG Martin Ratio Rank: 45

FELC

FELC Risk / Return Rank: 59
FELC Sharpe Ratio Rank: 53
FELC Sortino Ratio Rank: 56
FELC Omega Ratio Rank: 60
FELC Calmar Ratio Rank: 58
FELC 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.

FELG vs. FELC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Enhanced Large Cap Core ETF (FELC). 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.

	FELG	FELC	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.98	-0.11
Sortino ratio Return per unit of downside risk	1.41	1.50	-0.10
Omega ratio Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio Return relative to maximum drawdown	1.28	1.53	-0.25
Martin ratio Return relative to average drawdown	4.39	7.11	-2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELG vs. FELC - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 0.87, which is comparable to the FELC Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of FELG and FELC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FELG	FELC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.98	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.20	-0.23

Correlation

The correlation between FELG and FELC is 0.93, 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.

Dividends

FELG vs. FELC - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.40%, less than FELC's 0.98% yield.

	TTM	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	0.40%	0.38%	0.44%	0.11%
FELC Fidelity Enhanced Large Cap Core ETF	0.98%	0.92%	1.03%	0.04%

Drawdowns

FELG vs. FELC - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, which is greater than FELC's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FELG and FELC.

Drawdown Indicators

	FELG	FELC	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-18.59%	-5.30%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-12.01%	-4.16%
Current Drawdown Current decline from peak	-11.99%	-5.68%	-6.31%
Average Drawdown Average peak-to-trough decline	-3.57%	-1.99%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	2.59%	+2.14%

Volatility

FELG vs. FELC - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher volatility of 6.95% compared to Fidelity Enhanced Large Cap Core ETF (FELC) at 5.34%. This indicates that FELG's price experiences larger fluctuations and is considered to be riskier than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELG	FELC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	5.34%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	9.62%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.60%	18.22%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	15.42%	+4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	15.42%	+4.81%