FELG vs VOO
Fidelity Enhanced Large Cap Growth ETF vs Vanguard S&P 500 ETF
Which is better, FELG or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. FELG led over the full window, VOO over 1Y. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 56.6%.
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 | FELG | VOO |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $5.5B | $997.4B |
| Dividend Yield | 0.36% | 1.08% |
| Holdings | 149 | 509 |
| YTD Return | +7.16% | +13.81%Best |
| 1Y Return | +14.42% | +21.53%Best |
| 3Y Return (annualized) | - | +21.46% |
| 5Y Return (annualized) | - | +12.87% |
| Volatility (annualized) | 15.8% | 11.7%Best |
| Max Drawdown | -23.9% | -18.7%Best |
| $10,000 over 2.8 years | $17,919Best | $17,688 |
| Top 10 Weight | 56.6% | 36.4%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Nov 20, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 20, 2023 to Sep 3, 2026 (2.8 years).
FELG vs VOO 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 2.8 years both funds cover.
FELG vs VOO Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FELG returned +14.42% while VOO returned +21.53%. Year to date, FELG is up 7.16% versus a gain of 13.81% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 11.7% for VOO. 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 1.08% for VOO.
Holdings Overlap
92.6% of FELG's money is in holdings VOO also owns. 61.1% of VOO's money is in holdings FELG also owns.
Most of FELG is already inside VOO. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 142 positions we hold weights for in FELG and 505 in VOO, against full books of 149 and 509.
What only one of them owns
Our book lists 410 positions for VOO that do not appear in our book for FELG (38.4% of the fund), and 43 for FELG that do not appear in VOO (6.8%).
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 FELG | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 15.59% | 7.51% | 8.08% |
| AAPLApple, Inc | 7.72% | 6.59% | 1.13% |
| GOOGLAlphabet Inc.Class A | 7.79% | 3.25% | 4.54% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.97% | 4.30% | 0.67% |
| AVGOBroadcom Inc | 5.99% | 2.77% | 3.22% |
| GOOGAlphabet Inc. C | 3.35% | 2.59% | 0.76% |
| MUMicron Technology, Inc. | 3.42% | 2.02% | 1.40% |
| METAMeta Platform Inc | 2.81% | 1.92% | 0.89% |
| AMZNAmazon.Com Inc | 0.99% | 3.62% | 2.63% |
| TSLATesla Motors Inc | 2.50% | 1.84% | 0.66% |
92.6% of FELG is already inside VOO.
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, FELG or VOO?
FELG has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FELG or VOO?
Over the past year FELG returned +14.42% vs +21.53% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELG or VOO?
FELG has been the more volatile fund at 15.8% annualized versus 11.7% for VOO. Worst drawdown: FELG -23.9% vs VOO -18.7%.
Should I hold both FELG and VOO?
FELG and VOO have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FELG and VOO?
92.6% of FELG's money is in holdings VOO also owns. 61.1% of VOO's is in holdings FELG also owns. They hold 87 positions in common, counted across the 142 positions we hold weights for in FELG and 505 in VOO.
Which pays a higher dividend, FELG or VOO?
FELG yields 0.36% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than FELG?
VOO has a lower expense ratio. FELG led over the full window, VOO over 1Y. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 56.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.