FELC vs SCHD
Fidelity Enhanced Large Cap Core ETF vs Schwab US Dividend Equity ETF
Which is better, FELC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. FELC led over the full window, SCHD over 1Y. FELC is less concentrated, with 38.7% of the fund in its ten largest positions against 41.8%.
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 | SCHD |
|---|---|---|
| Expense Ratio | 0.18% | 0.06%Best |
| AUM | $8.0B | $112.1B |
| Dividend Yield | 0.81% | 3.00% |
| Holdings | 260 | 103 |
| YTD Return | +14.10% | +24.23%Best |
| 1Y Return | +18.71% | +27.90%Best |
| 3Y Return (annualized) | - | +15.55% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 11.8%Best | 13.0% |
| Max Drawdown | -18.6% | -16.1%Best |
| $10,000 over 2.8 years | $17,627Best | $15,678 |
| Top 10 Weight | 38.7%Best | 41.8% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 20, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 20, 2023 to Sep 17, 2026 (2.8 years).
FELC vs SCHD 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 2.8 years both funds cover.
FELC vs SCHD Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FELC returned +18.71% while SCHD returned +27.90%. Year to date, FELC is up 14.10% versus a gain of 24.23% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 11.8% 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 -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
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 0.81% against 3.00% for SCHD.
Holdings Overlap
7.7% of FELC's money is in holdings SCHD also owns. 66.2% of SCHD's money is in holdings FELC also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 290 positions we hold weights for in FELC and 100 in SCHD, against full books of 260 and 103.
What only one of them owns
Our book lists 75 positions for SCHD that do not appear in our book for FELC (33.7% of the fund), and 197 for FELC that do not appear in SCHD (91.8%).
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 SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.54% | 4.77% | 4.23% |
| ABTAbbott Laboratories | 0.42% | 4.69% | 4.27% |
| UNHUnitedhealth Group Incorporated | 0.97% | 3.82% | 2.85% |
| KOCoca Cola Co. | 0.54% | 4.17% | 3.63% |
| CVXChevron Corp | 0.59% | 4.02% | 3.43% |
| COPConocophillips Common Stock USD 0.01 | 0.28% | 3.94% | 3.66% |
| PGProcter & Gamble Company | 0.26% | 3.83% | 3.57% |
| BMYBristol-Myers Squibb Co. | 0.75% | 3.33% | 2.58% |
| PEPPepsico Inc. | 0.33% | 3.64% | 3.31% |
| VZVerizon Communic | 0.00% | 3.97% | 3.97% |
66.2% of SCHD 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 SCHD?
FELC has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FELC or SCHD?
Over the past year FELC returned +18.71% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or SCHD?
SCHD has been the more volatile fund at 13.0% annualized versus 11.8% for FELC. Worst drawdown: FELC -18.6% vs SCHD -16.1%.
Should I hold both FELC and SCHD?
FELC and SCHD have a monthly-return correlation of 0.45, 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 SCHD?
66.2% of SCHD's money is in holdings FELC also owns. 66.2% of SCHD's is in holdings FELC also owns. They hold 24 positions in common, counted across the 290 positions we hold weights for in FELC and 100 in SCHD.
Which pays a higher dividend, FELC or SCHD?
FELC yields 0.81% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FELC?
SCHD has a lower expense ratio. FELC led over the full window, SCHD over 1Y. FELC is less concentrated, with 38.7% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.