FELV vs. FLCOX
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity Large Cap Value Index Fund (FLCOX).
FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. FLCOX is a passively managed fund by Fidelity that tracks the performance of the Russell 1000 Value Index. It was launched on Jun 7, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELV or FLCOX.
Correlation
The correlation between FELV and FLCOX is 0.98, 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.
Performance
FELV vs. FLCOX - Performance Comparison
Key characteristics
FELV:
1.35
FLCOX:
1.22
FELV:
1.94
FLCOX:
1.76
FELV:
1.24
FLCOX:
1.22
FELV:
1.94
FLCOX:
1.72
FELV:
6.05
FLCOX:
5.41
FELV:
2.46%
FLCOX:
2.48%
FELV:
11.03%
FLCOX:
11.04%
FELV:
-7.69%
FLCOX:
-38.28%
FELV:
-7.69%
FLCOX:
-7.82%
Returns By Period
In the year-to-date period, FELV achieves a -0.98% return, which is significantly lower than FLCOX's -0.77% return.
FELV
-0.98%
-4.34%
4.31%
15.04%
N/A
N/A
FLCOX
-0.77%
-4.39%
3.71%
13.86%
8.41%
N/A
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FELV vs. FLCOX - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is higher than FLCOX'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%.
Risk-Adjusted Performance
FELV vs. FLCOX — Risk-Adjusted Performance Rank
FELV
FLCOX
FELV vs. FLCOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity Large Cap Value Index Fund (FLCOX). 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
FELV vs. FLCOX - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 2.04%, more than FLCOX's 1.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 2.04% | 2.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCOX Fidelity Large Cap Value Index Fund | 1.63% | 1.62% | 1.99% | 2.01% | 1.55% | 2.28% | 2.13% | 2.33% | 1.73% | 0.52% |
Drawdowns
FELV vs. FLCOX - Drawdown Comparison
The maximum FELV drawdown since its inception was -7.69%, smaller than the maximum FLCOX drawdown of -38.28%. Use the drawdown chart below to compare losses from any high point for FELV and FLCOX. For additional features, visit the drawdowns tool.
Volatility
FELV vs. FLCOX - Volatility Comparison
Fidelity Enhanced Large Cap Value ETF (FELV) has a higher volatility of 3.91% compared to Fidelity Large Cap Value Index Fund (FLCOX) at 3.71%. This indicates that FELV's price experiences larger fluctuations and is considered to be riskier than FLCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.