FELV vs. MGV
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and Vanguard Mega Cap Value ETF (MGV).
FELV and MGV 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. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELV or MGV.
Performance
FELV vs. MGV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FELV having a 23.25% return and MGV slightly lower at 23.10%.
FELV
23.25%
4.38%
14.53%
31.75%
N/A
N/A
MGV
23.10%
2.46%
13.24%
30.27%
12.10%
10.91%
Key characteristics
| FELV | MGV | |
|---|---|---|
| Sharpe Ratio | 2.96 | 3.02 |
| Sortino Ratio | 4.15 | 4.28 |
| Omega Ratio | 1.54 | 1.56 |
| Calmar Ratio | 5.94 | 6.13 |
| Martin Ratio | 17.94 | 19.78 |
| Ulcer Index | 1.77% | 1.53% |
| Daily Std Dev | 10.74% | 10.02% |
| Max Drawdown | -5.34% | -56.31% |
| Current Drawdown | 0.00% | 0.00% |
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FELV vs. MGV - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is higher than MGV's 0.07% 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%.
Correlation
The correlation between FELV and MGV 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. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and Vanguard Mega Cap Value ETF (MGV). 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. MGV - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.48%, less than MGV's 2.21% 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% |
MGV Vanguard Mega Cap Value ETF | 2.21% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
FELV vs. MGV - Drawdown Comparison
The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for FELV and MGV. For additional features, visit the drawdowns tool.
Volatility
FELV vs. MGV - Volatility Comparison
Fidelity Enhanced Large Cap Value ETF (FELV) and Vanguard Mega Cap Value ETF (MGV) have volatilities of 4.03% and 3.84%, 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.