FELC vs XLII
Fidelity Enhanced Large Cap Core ETF vs State Street Industrial Select Sector SPDR Premium Income ETF
Which is better, FELC or XLII?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y and the full window.
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 | XLII |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $8.7B | $17M |
| Dividend Yield | 0.85% | 25.23% |
| Holdings | 622 | 9 |
| YTD Return | +12.56%Best | +6.27% |
| 1Y Return | +13.08%Best | +9.28% |
| 3Y Return (annualized) | +20.62% | - |
| Volatility (annualized) | 11.9% | 11.5%Best |
| Max Drawdown | -9.1%Best | -11.5% |
| $10,000 over 1.3 years | $12,345Best | $11,446 |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jul 29, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 30, 2025 to Nov 12, 2026 (1.3 years).
FELC vs XLII 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 1.3 years both funds cover.
FELC vs XLII Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII) is an ETF from State Street Investment Management. Over the past year FELC returned +13.08% while XLII returned +9.28%. Year to date, FELC is up 12.56% versus a gain of 6.27% for XLII.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.5% for XLII. 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 -11.5% for XLII. 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 XLII charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, FELC currently yields 0.85% against 25.23% for XLII.
Holdings Overlap
At least 0.1% of FELC's money is in holdings XLII also owns.
Stated as a floor: for XLII, our book for it covers 101.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 306 positions we hold weights for in FELC and 2 in XLII, against full books of 622 and 9.
Top Shared Holdings
| Stock | Weight in FELC | Weight in XLII | Difference |
|---|---|---|---|
| NMFSsi Us Gov Money Market Class | 0.14% | 0.10% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of FELC and XLII you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FELC or XLII?
FELC has an expense ratio of 0.18% while XLII charges 0.35%. FELC is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, FELC or XLII?
Over the past year FELC returned +13.08% vs +9.28% for XLII, so FELC leads on 1-year performance. Over the longest common window we track (1 years), FELC annualized +17.59% vs +10.95% for XLII. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or XLII?
FELC has been the more volatile fund at 11.9% annualized versus 11.5% for XLII. Worst drawdown: FELC -9.1% vs XLII -11.5%.
Should I hold both FELC and XLII?
FELC and XLII 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.
Which pays a higher dividend, FELC or XLII?
FELC yields 0.85% while XLII yields 25.23%, so XLII currently pays the higher dividend yield.
Is XLII better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.