FELG vs IVV
Fidelity Enhanced Large Cap Growth ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FELG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $5.5B | $907.0B | |
| Dividend Yield | 0.36% | 1.10% | |
| Holdings | 153 | 508 | |
| YTD Return | +5.18% | +12.28% | |
| 1Y Return | +14.18% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 16.0% | 15.1% | |
| Max Drawdown | -23.9% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | May 15, 2000 |
FELG vs IVV Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FELG returned +14.18% while IVV returned +20.94%. Year to date, FELG is up 5.18% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 15.1% for IVV. 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 -23.9% for FELG and -56.5% for IVV. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELG charges 0.18% per year while IVV 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, FELG currently yields 0.36% against 1.10% for IVV.
Holdings Overlap
FELG and IVV share 86 holdings out of 561 unique holdings combined, representing a 53.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FELG or IVV?
FELG has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FELG or IVV?
Over the past year FELG returned +14.18% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), FELG annualized +22.68% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FELG or IVV?
FELG has been the more volatile fund at 16.0% annualized versus 15.1% for IVV. Worst drawdown: FELG -23.9% vs IVV -56.5%.
Should I hold both FELG and IVV?
FELG and IVV have a monthly-return correlation of 0.92, 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 FELG and IVV?
FELG and IVV share 86 common holdings with a 53.2% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, FELG or IVV?
FELG yields 0.36% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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