FIVA vs. FELG

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity International Value Factor ETF (FIVA) and Fidelity Enhanced Large Cap Growth ETF (FELG).

FIVA and FELG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIVA is a passively managed fund by Fidelity that tracks the performance of the Fidelity® International Value Factor Index. It was launched on Jan 16, 2018. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.

Performance

FIVA vs. FELG - Performance Comparison

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

FIVA vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIVA Fidelity International Value Factor ETF	4.22%	45.83%	2.53%	5.00%
FELG Fidelity Enhanced Large Cap Growth ETF	-9.08%	18.44%	35.45%	4.20%

Returns By Period

In the year-to-date period, FIVA achieves a 4.22% return, which is significantly higher than FELG's -9.08% return.

FIVA

• 1D: 1.58%
• 1M: -4.66%
• YTD: 4.22%
• 6M: 13.27%
• 1Y: 36.80%
• 3Y*: 20.03%
• 5Y*: 12.30%
• 10Y*: —

FELG

• 1D: 1.04%
• 1M: -4.28%
• YTD: -9.08%
• 6M: -8.16%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIVA vs. FELG - Expense Ratio Comparison

FIVA has a 0.39% expense ratio, which is higher than FELG's 0.18% expense ratio.

FIVA

Fidelity International Value Factor ETF

FELG

Fidelity Enhanced Large Cap Growth ETF

Return for Risk

FIVA vs. FELG — Risk / Return Rank

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

FIVA

FIVA Risk / Return Rank: 91
FIVA Sharpe Ratio Rank: 91
FIVA Sortino Ratio Rank: 92
FIVA Omega Ratio Rank: 92
FIVA Calmar Ratio Rank: 90
FIVA Martin Ratio Rank: 90

FELG

FELG Risk / Return Rank: 48
FELG Sharpe Ratio Rank: 46
FELG Sortino Ratio Rank: 51
FELG Omega Ratio Rank: 50
FELG Calmar Ratio Rank: 47
FELG Martin Ratio Rank: 45

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.

FIVA vs. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.

	FIVA	FELG	Difference
Sharpe ratio Return per unit of total volatility	2.13	0.87	+1.26
Sortino ratio Return per unit of downside risk	2.82	1.41	+1.42
Omega ratio Gain probability vs. loss probability	1.41	1.20	+0.21
Calmar ratio Return relative to maximum drawdown	3.14	1.28	+1.86
Martin ratio Return relative to average drawdown	12.22	4.39	+7.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIVA vs. FELG - Sharpe Ratio Comparison

The current FIVA Sharpe Ratio is 2.13, which is higher than the FELG Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of FIVA and FELG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIVA	FELG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.87	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.97	-0.53

Correlation

The correlation between FIVA and FELG is 0.51, 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.

Dividends

FIVA vs. FELG - Dividend Comparison

FIVA's dividend yield for the trailing twelve months is around 2.73%, more than FELG's 0.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIVA Fidelity International Value Factor ETF	2.73%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%
FELG Fidelity Enhanced Large Cap Growth ETF	0.40%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FIVA vs. FELG - Drawdown Comparison

The maximum FIVA drawdown since its inception was -39.76%, which is greater than FELG's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FIVA and FELG.

Drawdown Indicators

	FIVA	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-23.89%	-15.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-16.17%	+4.46%
Max Drawdown (5Y) Largest decline over 5 years	-28.70%	—	—
Current Drawdown Current decline from peak	-6.56%	-11.99%	+5.43%
Average Drawdown Average peak-to-trough decline	-7.89%	-3.57%	-4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	4.73%	-1.72%

Volatility

FIVA vs. FELG - Volatility Comparison

Fidelity International Value Factor ETF (FIVA) and Fidelity Enhanced Large Cap Growth ETF (FELG) have volatilities of 7.08% and 6.95%, 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.

Volatility by Period

	FIVA	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	6.95%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	12.45%	-1.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	22.60%	-5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	20.23%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	20.23%	-2.35%