FELV vs. FNDX
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and Schwab Fundamental U.S. Large Company Index ETF (FNDX).
FELV and FNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. FNDX is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental U.S. Large Company Index. It was launched on Aug 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELV or FNDX.
Performance
FELV vs. FNDX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FELV having a 23.25% return and FNDX slightly lower at 23.03%.
FELV
23.25%
4.51%
14.53%
31.37%
N/A
N/A
FNDX
23.03%
3.67%
13.95%
32.34%
17.98%
14.11%
Key characteristics
| FELV | FNDX | |
|---|---|---|
| Sharpe Ratio | 2.96 | 2.94 |
| Sortino Ratio | 4.15 | 4.01 |
| Omega Ratio | 1.54 | 1.54 |
| Calmar Ratio | 5.94 | 5.01 |
| Martin Ratio | 17.94 | 19.04 |
| Ulcer Index | 1.77% | 1.70% |
| Daily Std Dev | 10.74% | 11.00% |
| Max Drawdown | -5.34% | -37.71% |
| Current Drawdown | 0.00% | 0.00% |
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FELV vs. FNDX - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is lower than FNDX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FELV and FNDX is 0.95, 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.
Risk-Adjusted Performance
FELV vs. FNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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. FNDX - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.48%, less than FNDX's 2.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.48% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 2.50% | 4.59% | 3.97% | 4.90% | 5.81% | 3.20% | 3.43% | 2.75% | 3.94% | 2.01% | 1.62% | 0.60% |
Drawdowns
FELV vs. FNDX - Drawdown Comparison
The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum FNDX drawdown of -37.71%. Use the drawdown chart below to compare losses from any high point for FELV and FNDX. For additional features, visit the drawdowns tool.
Volatility
FELV vs. FNDX - Volatility Comparison
Fidelity Enhanced Large Cap Value ETF (FELV) and Schwab Fundamental U.S. Large Company Index ETF (FNDX) have volatilities of 4.03% and 4.00%, 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.