FELG vs SCHD
Fidelity Enhanced Large Cap Growth ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FELG offers more diversification with 121 holdings.
Side-by-Side Comparison
| Metric | FELG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $5.7B | $103.7B | |
| Dividend Yield | 0.35% | 3.31% | |
| Holdings | 129 | 104 | |
| YTD Return | +6.51% | +25.62% | |
| 1Y Return | +14.63% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 16.0% | 13.6% | |
| Max Drawdown | -23.9% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Oct 20, 2011 |
FELG vs SCHD Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FELG returned +14.63% while SCHD returned +32.62%. Year to date, FELG is up 6.51% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FELG charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, FELG currently yields 0.35% against 3.31% for SCHD.
Holdings Overlap
FELG and SCHD share 6 holdings out of 215 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FELG or SCHD?
FELG has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FELG or SCHD?
Over the past year FELG returned +14.63% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), FELG annualized +23.47% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, FELG or SCHD?
FELG has been the more volatile fund at 16.0% annualized versus 13.6% for SCHD. Worst drawdown: FELG -23.9% vs SCHD -33.4%.
Should I hold both FELG and SCHD?
FELG and SCHD have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELG and SCHD?
FELG and SCHD share 6 common holdings with a 2.0% weight overlap. Combined, they hold 215 unique securities.
Which pays a higher dividend, FELG or SCHD?
FELG yields 0.35% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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