FELC vs VTI
Fidelity Enhanced Large Cap Core ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. FELC delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | FELC | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $8.0B | $666.9B | |
| Dividend Yield | 0.84% | 1.07% | |
| Holdings | 260 | 3,543 | |
| YTD Return | +14.15% | +13.12% | |
| 1Y Return | +22.24% | +20.82% | |
| 3Y Return (annualized) | - | +21.43% | |
| 5Y Return (annualized) | - | +11.84% | |
| Volatility (annualized) | 11.9% | 15.3% | |
| Max Drawdown | -18.6% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | May 24, 2001 |
FELC vs VTI Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is a ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FELC returned +22.24% while VTI returned +20.82%. Year to date, FELC is up 14.15% versus a gain of 13.12% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELC charges 0.18% per year while VTI charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, FELC currently yields 0.84% against 1.07% for VTI.
Holdings Overlap
FELC and VTI share 215 holdings out of 2815 unique holdings combined, representing a 59.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FELC or VTI?
FELC has an expense ratio of 0.18% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FELC or VTI?
Over the past year FELC returned +22.24% vs +20.82% for VTI, so FELC leads on 1-year performance. Over the longest common window we track (3 years), FELC annualized +23.02% vs +8.08% for VTI. Past performance does not guarantee future results.
Which is riskier, FELC or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 11.9% for FELC. Worst drawdown: FELC -18.6% vs VTI -56.6%.
Should I hold both FELC and VTI?
FELC and VTI have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FELC and VTI?
FELC and VTI share 215 common holdings with a 59.3% weight overlap. Combined, they hold 2815 unique securities.
Which pays a higher dividend, FELC or VTI?
FELC yields 0.84% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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