FELC vs XLVI
Fidelity Enhanced Large Cap Core ETF vs State Street Health Care Select Sector SPDR Premium Income ETF
Which is better, FELC or XLVI?
XLVI has been ahead.
FELC has a lower expense ratio. XLVI 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 | XLVI |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $8.7B | $39M |
| Dividend Yield | 0.85% | 11.99% |
| Holdings | 622 | 11 |
| YTD Return | +12.88% | +13.71%Best |
| 1Y Return | +13.52% | +17.42%Best |
| 3Y Return (annualized) | +20.75% | - |
| Volatility (annualized) | 11.8% | 9.9%Best |
| Max Drawdown | -9.1% | -8.1%Best |
| $10,000 over 1.3 years | $12,386 | $12,907Best |
| 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 11, 2026 (1.3 years).
FELC vs XLVI 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 XLVI Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) is an ETF from State Street Investment Management. Over the past year FELC returned +13.52% while XLVI returned +17.42%. Year to date, FELC is up 12.88% versus a gain of 13.71% for XLVI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 9.9% for XLVI. 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 -8.1% for XLVI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.25. They move largely independently of each other.
Fees and Cost Over Time
FELC charges 0.18% per year while XLVI 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 11.99% for XLVI.
Holdings Overlap
At least 0.1% of FELC's money is in holdings XLVI also owns.
Stated as a floor: for XLVI, our book for it covers 101.5% 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 XLVI, against full books of 622 and 11.
Top Shared Holdings
| Stock | Weight in FELC | Weight in XLVI | Difference |
|---|---|---|---|
| NMFSsi Us Gov Money Market Class | 0.14% | 0.58% | 0.44% |
You are not choosing between two funds in isolation.
Whichever of FELC and XLVI 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 XLVI?
FELC has an expense ratio of 0.18% while XLVI charges 0.35%. FELC is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, FELC or XLVI?
Over the past year FELC returned +13.52% vs +17.42% for XLVI, so XLVI leads on 1-year performance. Over the longest common window we track (1 years), FELC annualized +17.89% vs +21.69% for XLVI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or XLVI?
FELC has been the more volatile fund at 11.8% annualized versus 9.9% for XLVI. Worst drawdown: FELC -9.1% vs XLVI -8.1%.
Should I hold both FELC and XLVI?
FELC and XLVI have a monthly-return correlation of 0.25, 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 XLVI?
FELC yields 0.85% while XLVI yields 11.99%, so XLVI currently pays the higher dividend yield.
Is XLVI better than FELC?
FELC has a lower expense ratio. XLVI 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.