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.
Key characteristics
| FELV | FLCOX | |
|---|---|---|
| YTD Return | 21.21% | 19.40% |
| Daily Std Dev | 10.69% | 11.08% |
| Max Drawdown | -5.34% | -38.28% |
| Current Drawdown | -0.19% | -0.26% |
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
In the year-to-date period, FELV achieves a 21.21% return, which is significantly higher than FLCOX's 19.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Not enough dataDividends
FELV vs. FLCOX - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.51%, which matches FLCOX's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.51% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCOX Fidelity Large Cap Value Index Fund | 1.51% | 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 -5.34%, 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) and Fidelity Large Cap Value Index Fund (FLCOX) have volatilities of 3.80% and 3.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.