FELG vs VYM
Fidelity Enhanced Large Cap Growth ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FELG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $5.7B | $79.0B | |
| Dividend Yield | 0.35% | 2.86% | |
| Holdings | 129 | 568 | |
| YTD Return | +8.51% | +16.78% | |
| 1Y Return | +15.44% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 16.1% | 14.6% | |
| Max Drawdown | -23.9% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
FELG vs VYM Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FELG returned +15.44% while VYM returned +24.43%. Year to date, FELG is up 8.51% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FELG charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, FELG currently yields 0.35% against 2.86% for VYM.
Holdings Overlap
FELG and VYM share 26 holdings out of 653 unique holdings combined, representing a 11.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FELG or VYM?
FELG has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, FELG or VYM?
Over the past year FELG returned +15.44% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), FELG annualized +24.27% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, FELG or VYM?
FELG has been the more volatile fund at 16.1% annualized versus 14.6% for VYM. Worst drawdown: FELG -23.9% vs VYM -58.8%.
Should I hold both FELG and VYM?
FELG and VYM have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELG and VYM?
FELG and VYM share 26 common holdings with a 11.8% weight overlap. Combined, they hold 653 unique securities.
Which pays a higher dividend, FELG or VYM?
FELG yields 0.35% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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