FFLC vs. FELG

Last updated Jul 14, 2026

FFLC (Fidelity Fundamental Large Cap Core ETF) and FELG (Fidelity Enhanced Large Cap Growth ETF) are both exchange-traded funds - FFLC is a Large Cap Blend Equities fund actively managed by Fidelity, while FELG is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, FFLC returned 20.89% vs 17.29% for FELG. Their correlation of 0.90 suggests significant overlap in exposure. FFLC charges 0.38%/yr vs 0.18%/yr for FELG.

Performance

FFLC vs. FELG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Core ETF (FFLC) and Fidelity Enhanced Large Cap Growth ETF (FELG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFLC achieves a 10.82% return, which is significantly higher than FELG's 4.30% return.

FFLC

• 1D: -1.03%
• 1M: 1.34%
• 6M: 8.16%
• YTD: 10.82%
• 1Y: 20.89%
• 3Y*: 21.33%
• 5Y*: 16.70%
• 10Y*: —

FELG

• 1D: -1.77%
• 1M: 0.97%
• 6M: 3.93%
• YTD: 4.30%
• 1Y: 17.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFLC vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FFLC Fidelity Fundamental Large Cap Core ETF	10.82%	17.67%	27.89%	5.69%
FELG Fidelity Enhanced Large Cap Growth ETF	4.30%	18.44%	35.45%	4.37%

Correlation

The correlation between FFLC and FELG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.90

The correlation between FFLC and FELG has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

FFLC vs. FELG - Sectors Allocation Comparison

Sectors	FFLC	FELG
Technology	31.3%	54.4%
Financial Services	13.5%	6.4%
Communication Services	11.1%	14.4%
Industrials	10.7%	7.2%
Consumer Cyclical	9.7%	8.1%
Healthcare	8.7%	5.3%
Consumer Defensive	4.7%	1.3%
Energy	4.0%	0.6%
Utilities	2.7%	1.2%
Basic Materials	2.0%	0.1%
Real Estate	1.1%	0.1%

Return for Risk

FFLC vs. FELG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFLC

FFLC Risk / Return Rank: 57
FFLC Sharpe Ratio Rank: 57
FFLC Sortino Ratio Rank: 56
FFLC Omega Ratio Rank: 56
FFLC Calmar Ratio Rank: 53
FFLC Martin Ratio Rank: 65

FELG

FELG Risk / Return Rank: 32
FELG Sharpe Ratio Rank: 36
FELG Sortino Ratio Rank: 34
FELG Omega Ratio Rank: 34
FELG Calmar Ratio Rank: 27
FELG Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFLC vs. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FFLC	FELG	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.05	+0.50
Sortino ratio: Return per unit of downside risk	2.15	1.50	+0.65
Omega ratio: Gain probability vs. loss probability	1.28	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	2.10	1.07	+1.03
Martin ratio: Return relative to average drawdown	9.26	3.48	+5.78

FFLC vs. FELG - Sharpe Ratio Comparison

The current FFLC Sharpe Ratio is 1.54, which is higher than the FELG Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FFLC and FELG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFLC vs. FELG - Drawdown Comparison

The maximum FFLC drawdown since its inception was -19.72%, smaller than the maximum FELG drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FFLC and FELG.

Drawdown Indicators

	FFLC	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-23.89%	+4.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-16.17%	+6.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	—	—
Current Drawdown Current decline from peak	-1.03%	-4.45%	+3.42%
Average Drawdown Average peak-to-trough decline	-2.96%	-3.57%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	4.98%	-2.72%

Volatility

FFLC vs. FELG - Volatility Comparison

The current volatility for Fidelity Fundamental Large Cap Core ETF (FFLC) is 4.63%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 6.02%. This indicates that FFLC experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLC	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	6.02%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	13.20%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	16.62%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	19.98%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	19.98%	-2.34%

FFLC vs. FELG - Expense Ratio Comparison

FFLC has a 0.38% expense ratio, which is higher than FELG's 0.18% expense ratio.

Dividends

FFLC vs. FELG - Dividend Comparison

FFLC's dividend yield for the trailing twelve months is around 0.99%, more than FELG's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FELG Fidelity Enhanced Large Cap Growth ETF	0.35%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%
FFLC Fidelity Fundamental Large Cap Core ETF	0.99%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%

Frequently Asked Questions

Can I hold both FFLC and FELG in my portfolio?

FFLC and FELG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFLC or FELG?

FELG has higher volatility (6.02%) compared to FFLC (4.63%). In terms of maximum drawdown, FFLC dropped -19.72% vs FELG's -23.89%.

Which ETF is better, FFLC or FELG?

On 1-year performance, FFLC leads with 20.89% vs 17.29% for FELG. On fees, FELG is cheaper at 0.18% per year. On volatility, FFLC has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFLC or FELG?

Over the 1-year period, FFLC has performed better with a 20.89% return vs 17.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFLC or FELG?

FELG is cheaper with a 0.18% expense ratio, compared with 0.38% for FFLC.

Which ETF pays a higher dividend yield, FFLC or FELG?

FFLC has the higher dividend yield at 0.99%, compared with 0.35% for FELG.

What is the main difference between FFLC and FELG?

FFLC is categorized as Large Cap Blend Equities, while FELG is Large Cap Growth Equities. Their fees differ too: 0.38% for FFLC and 0.18% for FELG.

Which has better risk-adjusted returns?

FFLC currently has the higher Sharpe Ratio (1.54 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.