FELG vs. FELV
Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Enhanced Large Cap Value ETF (FELV).
FELG and FELV 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. FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELG or FELV.
Correlation
The correlation between FELG and FELV is 0.46, 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.
Performance
FELG vs. FELV - Performance Comparison
Key characteristics
FELG:
1.94
FELV:
1.88
FELG:
2.54
FELV:
2.66
FELG:
1.35
FELV:
1.34
FELG:
2.60
FELV:
2.73
FELG:
9.94
FELV:
8.11
FELG:
3.48%
FELV:
2.59%
FELG:
17.88%
FELV:
11.17%
FELG:
-13.29%
FELV:
-7.69%
FELG:
-0.85%
FELV:
-2.55%
Returns By Period
In the year-to-date period, FELG achieves a 3.14% return, which is significantly lower than FELV's 4.53% return.
FELG
3.14%
-0.36%
17.25%
34.12%
N/A
N/A
FELV
4.53%
3.01%
8.20%
20.30%
N/A
N/A
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FELG vs. FELV - Expense Ratio Comparison
Both FELG and FELV 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%.
Risk-Adjusted Performance
FELG vs. FELV — Risk-Adjusted Performance Rank
FELG
FELV
FELG vs. FELV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity Enhanced Large Cap Value ETF (FELV). 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.
Dividends
FELG vs. FELV - Dividend Comparison
FELG's dividend yield for the trailing twelve months is around 0.43%, less than FELV's 1.93% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FELG Fidelity Enhanced Large Cap Growth ETF | 0.43% | 0.44% | 0.11% |
FELV Fidelity Enhanced Large Cap Value ETF | 1.93% | 2.02% | 0.04% |
Drawdowns
FELG vs. FELV - Drawdown Comparison
The maximum FELG drawdown since its inception was -13.29%, which is greater than FELV's maximum drawdown of -7.69%. Use the drawdown chart below to compare losses from any high point for FELG and FELV. For additional features, visit the drawdowns tool.
Volatility
FELG vs. FELV - Volatility Comparison
Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher volatility of 5.45% compared to Fidelity Enhanced Large Cap Value ETF (FELV) at 3.37%. This indicates that FELG's price experiences larger fluctuations and is considered to be riskier than FELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.