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FELV vs. FELG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FELVFELG
YTD Return22.00%34.23%
Daily Std Dev10.68%17.00%
Max Drawdown-5.34%-13.29%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.5

The correlation between FELV and FELG is 0.49, 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

FELV vs. FELG - Performance Comparison

In the year-to-date period, FELV achieves a 22.00% return, which is significantly lower than FELG's 34.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


15.00%20.00%25.00%30.00%35.00%40.00%JuneJulyAugustSeptemberOctoberNovember
30.78%
39.87%
FELV
FELG

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FELV vs. FELG - Expense Ratio Comparison

Both FELV and FELG 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%.


FELV
Fidelity Enhanced Large Cap Value ETF
Expense ratio chart for FELV: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%
Expense ratio chart for FELG: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

FELV vs. FELG - Risk-Adjusted Performance Comparison

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


FELV
Sharpe ratio
No data

FELV vs. FELG - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

FELV vs. FELG - Dividend Comparison

FELV's dividend yield for the trailing twelve months is around 1.50%, more than FELG's 0.39% yield.


TTM2023
FELV
Fidelity Enhanced Large Cap Value ETF
1.50%0.04%
FELG
Fidelity Enhanced Large Cap Growth ETF
0.39%0.11%

Drawdowns

FELV vs. FELG - Drawdown Comparison

The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum FELG drawdown of -13.29%. Use the drawdown chart below to compare losses from any high point for FELV and FELG. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
FELV
FELG

Volatility

FELV vs. FELG - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Value ETF (FELV) is 3.80%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 5.20%. This indicates that FELV experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.80%
5.20%
FELV
FELG