FELG vs. VV

Last updated Jun 4, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and VV (Vanguard Large-Cap ETF) are both Large Cap Growth Equities funds. FELG is actively managed, while VV is passively managed. Over the past year, FELG returned 27.58% vs 27.77% for VV. Their correlation of 0.93 suggests significant overlap in exposure. FELG charges 0.18%/yr vs 0.04%/yr for VV.

Performance

FELG vs. VV - Performance Comparison

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

Returns By Period

In the year-to-date period, FELG achieves a 7.70% return, which is significantly lower than VV's 10.69% return.

FELG

• 1D: -1.12%
• 1M: 5.85%
• YTD: 7.70%
• 6M: 7.23%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

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

FELG vs. VV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	7.70%	18.44%	35.45%	4.20%
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	5.12%

Correlation

The correlation between FELG and VV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.93

The correlation between FELG and VV has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

FELG vs. VV - Sectors Allocation Comparison

Sectors	FELG	VV
Technology	53.9%	35.9%
Communication Services	13.8%	11.2%
Consumer Cyclical	11.5%	9.8%
Industrials	7.2%	8.0%
Healthcare	6.3%	8.6%
Financial Services	4.7%	11.8%
Energy	1.1%	3.6%
Consumer Defensive	1.0%	4.8%
Basic Materials	0.5%	1.6%
Utilities	0.1%	2.7%
Real Estate	0.0%	1.7%

Return for Risk

FELG vs. VV — Risk / Return Rank

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

FELG

FELG Risk / Return Rank: 44
FELG Sharpe Ratio Rank: 51
FELG Sortino Ratio Rank: 49
FELG Omega Ratio Rank: 49
FELG Calmar Ratio Rank: 34
FELG Martin Ratio Rank: 37

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

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. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Growth ETF (FELG) and Vanguard Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.33	-0.53
Sortino ratio: Return per unit of downside risk	2.45	3.18	-0.74
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	1.71	3.03	-1.32
Martin ratio: Return relative to average drawdown	5.86	13.86	-8.00
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. VV - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 1.79, which is comparable to the VV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FELG and VV, 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

	FELG	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.33	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.59	+0.73

Drawdowns

FELG vs. VV - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for FELG and VV.

Drawdown Indicators

	FELG	VV	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-54.81%	+30.92%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-9.21%	-6.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.28%	—
Current Drawdown Current decline from peak	-1.34%	-0.72%	-0.62%
Average Drawdown Average peak-to-trough decline	-3.52%	-6.84%	+3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	2.01%	+2.71%

Volatility

FELG vs. VV - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher volatility of 3.50% compared to Vanguard Large-Cap ETF (VV) at 2.84%. This indicates that FELG's price experiences larger fluctuations and is considered to be riskier than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELG	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	2.84%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	8.98%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	11.99%	+3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	17.22%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	18.19%	+1.70%

FELG vs. VV - Expense Ratio Comparison

FELG has a 0.18% expense ratio, which is higher than VV's 0.04% 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

FELG vs. VV - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.34%, less than VV's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both FELG and VV in my portfolio?

With a correlation of 0.93, FELG and VV 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, FELG or VV?

FELG has higher volatility (3.50%) compared to VV (2.84%). In terms of maximum drawdown, FELG dropped -23.89% vs VV's -54.81%.

Which ETF is better, FELG or VV?

On 1-year performance, VV leads with 27.77% vs 27.58% for FELG. On fees, VV is cheaper at 0.04% per year. On volatility, VV has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELG or VV?

Over the 1-year period, VV has performed better with a 27.77% return vs 27.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELG or VV?

VV is cheaper with a 0.04% expense ratio, compared with 0.18% for FELG.

Which ETF pays a higher dividend yield, FELG or VV?

VV has the higher dividend yield at 0.98%, compared with 0.34% for FELG.

What is the main difference between FELG and VV?

They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.18% for FELG and 0.04% for VV.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (2.33 vs 1.79), 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.