FELV vs. XLK
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and Technology Select Sector SPDR Fund (XLK).
FELV and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELV or XLK.
Performance
FELV vs. XLK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FELV having a 20.68% return and XLK slightly lower at 19.83%.
FELV
20.68%
0.79%
10.86%
N/A
N/A
N/A
XLK
19.83%
-0.63%
7.44%
26.45%
22.59%
20.19%
Key characteristics
| FELV | XLK | |
|---|---|---|
| Daily Std Dev | 10.67% | 21.76% |
| Max Drawdown | -5.34% | -82.05% |
| Current Drawdown | -1.76% | -3.36% |
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FELV vs. XLK - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is higher than XLK's 0.13% 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 XLK is 0.47, 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.
Risk-Adjusted Performance
FELV vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.52%, more than XLK's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.52% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FELV vs. XLK - Drawdown Comparison
The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FELV and XLK. For additional features, visit the drawdowns tool.
Volatility
FELV vs. XLK - Volatility Comparison
The current volatility for Fidelity Enhanced Large Cap Value ETF (FELV) is 3.88%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.32%. This indicates that FELV experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.