FELC vs VYM
Fidelity Enhanced Large Cap Core ETF vs Vanguard High Dividend Yield ETF
Which is better, FELC or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. FELC led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 38.8%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $8.5B | $83.1B |
| Dividend Yield | 0.81% | 2.22% |
| Holdings | 590 | 608 |
| YTD Return | +16.27%Best | +11.61% |
| 1Y Return | +19.16%Best | +15.90% |
| 3Y Return (annualized) | +22.72%Best | +18.72% |
| 5Y Return (annualized) | - | +11.76% |
| Volatility (annualized) | 11.7% | 10.7%Best |
| Max Drawdown | -18.6% | -14.5%Best |
| $10,000 over 2.9 years | $18,107Best | $16,368 |
| Top 10 Weight | 38.8% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 9, 2026 (2.9 years).
FELC vs VYM 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 2.9 years both funds cover.
FELC vs VYM Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FELC returned +19.16% while VYM returned +15.90%. Year to date, FELC is up 16.27% versus a gain of 11.61% for VYM.
Over three years, FELC compounded at +22.72% per year against +18.72% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 10.7% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, FELC currently yields 0.81% against 2.22% for VYM.
Holdings Overlap
32.7% of FELC's money is in holdings VYM also owns. 65.8% of VYM's money is in holdings FELC also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, FELC as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
115 positions in common, counted across the 278 positions we hold weights for in FELC and 557 in VYM, against full books of 590 and 608.
What only one of them owns
Our book lists 414 positions for VYM that do not appear in our book for FELC (31.5% of the fund), and 115 for FELC that do not appear in VYM (64.0%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.75% | 7.35% | 4.60% |
| JPMJpmorgan Chase | 1.83% | 3.82% | 1.99% |
| XOMExxon Mobil Corp. | 1.00% | 2.63% | 1.63% |
| JNJJohnson & Johnson - Common | 0.51% | 2.51% | 2.00% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.03% | 1.86% | 0.83% |
| ABBVAbbvie Inc. | 0.93% | 1.80% | 0.87% |
| BACBank Of America Corp. | 1.01% | 1.66% | 0.65% |
| UNHUnitedhealth Group Incorporated | 0.92% | 1.52% | 0.60% |
| CVXChevron Corp | 0.60% | 1.48% | 0.88% |
| CATCaterpillar, Inc. | 0.53% | 1.50% | 0.97% |
65.8% of VYM 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 VYM?
FELC has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, FELC or VYM?
Over the past year FELC returned +19.16% vs +15.90% for VYM, so FELC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or VYM?
FELC has been the more volatile fund at 11.7% annualized versus 10.7% for VYM. Worst drawdown: FELC -18.6% vs VYM -14.5%.
Should I hold both FELC and VYM?
FELC and VYM have a monthly-return correlation of 0.72, 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 VYM?
65.8% of VYM's money is in holdings FELC also owns. 65.8% of VYM's is in holdings FELC also owns. They hold 115 positions in common, counted across the 278 positions we hold weights for in FELC and 557 in VYM.
Which pays a higher dividend, FELC or VYM?
FELC yields 0.81% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FELC?
VYM has a lower expense ratio. FELC led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 38.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.