FELG vs VOO
Fidelity Enhanced Large Cap Growth ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FELG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $5.7B | $979.0B | |
| Dividend Yield | 0.35% | 1.09% | |
| Holdings | 129 | 509 | |
| YTD Return | +8.51% | +14.48% | |
| 1Y Return | +15.44% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 16.1% | 14.2% | |
| Max Drawdown | -23.9% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Sep 7, 2010 |
FELG vs VOO Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FELG returned +15.44% while VOO returned +22.02%. Year to date, FELG is up 8.51% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.2% 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 -34.3% for VOO. 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 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 0.35% against 1.09% for VOO.
Holdings Overlap
FELG and VOO share 76 holdings out of 550 unique holdings combined, representing a 49.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FELG or VOO?
Over the past year FELG returned +15.44% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), FELG annualized +24.27% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, FELG or VOO?
FELG has been the more volatile fund at 16.1% annualized versus 14.2% for VOO. Worst drawdown: FELG -23.9% vs VOO -34.3%.
Should I hold both FELG and VOO?
FELG and VOO 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 VOO?
FELG and VOO share 76 common holdings with a 49.5% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, FELG or VOO?
FELG yields 0.35% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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