FELC vs KAT
Fidelity Enhanced Large Cap Core ETF vs Scharf ETF
Which is better, FELC or KAT?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 50.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FELC | KAT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $8.6B | $657M |
| Dividend Yield | 0.83% | 0.53% |
| Holdings | 590 | 68 |
| YTD Return | +14.93%Best | +6.42% |
| 1Y Return | +19.54%Best | +4.30% |
| 3Y Return (annualized) | +22.11% | - |
| Volatility (annualized) | 12.3%Best | 12.7% |
| Max Drawdown | -9.1%Best | -9.3% |
| $10,000 over 1.1 years | $12,226Best | $10,725 |
| Top 10 Weight | 40.1%Best | 50.9% |
| Fund Family | Fidelity Investments (US) | Scharf Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Dec 30, 2011 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 25, 2025 to Oct 14, 2026 (1.1 years).
FELC vs KAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.1 years both funds cover.
FELC vs KAT Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Scharf ETF (KAT) is an ETF from Scharf Funds. Over the past year FELC returned +19.54% while KAT returned +4.30%. Year to date, FELC is up 14.93% versus a gain of 6.42% for KAT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KAT has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 12.3% for FELC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.1% for FELC and -9.3% for KAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while KAT charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.53% for KAT.
Holdings Overlap
16.9% of FELC's money is in holdings KAT also owns. 47.7% of KAT's money is in holdings FELC also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 300 positions we hold weights for in FELC and 31 in KAT, against full books of 590 and 68.
What only one of them owns
Our book lists 13 positions for KAT that do not appear in our book for FELC (39.0% of the fund), and 205 for FELC that do not appear in KAT (82.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FELC | Weight in KAT | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.08% | 6.30% | 1.22% |
| AMZNAmazon.Com Inc | 3.83% | 5.94% | 2.11% |
| METAMeta Platforms Inc | 2.38% | 6.06% | 3.68% |
| OXYOccidental Petroleum Corp. | 0.29% | 5.72% | 5.43% |
| VVisa Inc Class A | 0.91% | 4.50% | 3.59% |
| SCHWSchwab Strategic T | 0.72% | 3.47% | 2.75% |
| ADBEAdobe Systems | 0.64% | 2.78% | 2.14% |
| AAgilent Technologies Inc | 0.05% | 3.36% | 3.31% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.89% | 1.48% | 0.41% |
| CMEC M E Group Inc. | 0.16% | 2.71% | 2.55% |
47.7% of KAT is already inside FELC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FELC or KAT?
FELC has an expense ratio of 0.18% while KAT charges 0.75%. FELC is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, FELC or KAT?
Over the past year FELC returned +19.54% vs +4.30% for KAT, so FELC leads on 1-year performance. Over the longest common window we track (1 years), FELC annualized +20.05% vs +6.57% for KAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or KAT?
KAT has been the more volatile fund at 12.7% annualized versus 12.3% for FELC. Worst drawdown: FELC -9.1% vs KAT -9.3%.
Should I hold both FELC and KAT?
FELC and KAT have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FELC and KAT?
47.7% of KAT's money is in holdings FELC also owns. 47.7% of KAT's is in holdings FELC also owns. They hold 13 positions in common, counted across the 300 positions we hold weights for in FELC and 31 in KAT.
Which pays a higher dividend, FELC or KAT?
FELC yields 0.83% while KAT yields 0.53%, so FELC currently pays the higher dividend yield.
Is KAT better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.