FELC vs SCHD
Fidelity Enhanced Large Cap Core ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FELC offers more diversification with 260 holdings.
Side-by-Side Comparison
| Metric | FELC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $8.0B | $108.7B | |
| Dividend Yield | 0.84% | 3.13% | |
| Holdings | 260 | 104 | |
| YTD Return | +14.15% | +28.70% | |
| 1Y Return | +22.24% | +31.07% | |
| 3Y Return (annualized) | - | +16.88% | |
| 5Y Return (annualized) | - | +10.20% | |
| Volatility (annualized) | 11.9% | 13.7% | |
| Max Drawdown | -18.6% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Oct 20, 2011 |
FELC vs SCHD Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FELC returned +22.24% while SCHD returned +31.07%. Year to date, FELC is up 14.15% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.9% 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 -18.6% for FELC and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FELC charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, FELC currently yields 0.84% against 3.13% for SCHD.
Holdings Overlap
FELC and SCHD share 20 holdings out of 323 unique holdings combined, representing a 6.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FELC or SCHD?
FELC has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FELC or SCHD?
Over the past year FELC returned +22.24% vs +31.07% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), FELC annualized +23.02% vs +11.62% for SCHD. Past performance does not guarantee future results.
Which is riskier, FELC or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 11.9% for FELC. Worst drawdown: FELC -18.6% vs SCHD -33.4%.
Should I hold both FELC and SCHD?
FELC and SCHD have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELC and SCHD?
FELC and SCHD share 20 common holdings with a 6.3% weight overlap. Combined, they hold 323 unique securities.
Which pays a higher dividend, FELC or SCHD?
FELC yields 0.84% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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