FELV vs FLV
Fidelity Enhanced Large Cap Value ETF vs American Century Focused Large Cap Value ETF
Which is better, FELV or FLV?
FELV has been ahead.
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. FELV is less concentrated, with 30.0% of the fund in its ten largest positions against 34.8%.
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 | FELV | FLV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.42% |
| AUM | $3.7B | $397M |
| Dividend Yield | 1.38% | 1.61% |
| Holdings | 801 | 49 |
| YTD Return | +26.70%Best | +19.57% |
| 1Y Return | +30.13%Best | +23.29% |
| 3Y Return (annualized) | +22.69%Best | +18.53% |
| 5Y Return (annualized) | - | +10.86% |
| Volatility (annualized) | 11.5%Best | 11.9% |
| Max Drawdown | -16.1% | -12.4%Best |
| $10,000 over 3 years | $18,468Best | $16,372 |
| Top 10 Weight | 30.0%Best | 34.8% |
| Fund Family | Fidelity Investments (US) | American Century ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Mar 31, 2020 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Nov 20, 2023 to Nov 11, 2026 (3 years).
FELV vs FLV 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 3 years both funds cover.
FELV vs FLV Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and American Century Focused Large Cap Value ETF (FLV) is an ETF from American Century ETFs. Over the past year FELV returned +30.13% while FLV returned +23.29%. Year to date, FELV is up 26.70% versus a gain of 19.57% for FLV.
Over three years, FELV compounded at +22.69% per year against +18.53% for FLV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLV has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.5% for FELV. 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 -16.1% for FELV and -12.4% for FLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV charges 0.18% per year while FLV charges 0.42%. On a $10,000 position that is $18 vs $42 annually, a gap of $24 per year that compounds over a long holding period. On income, FELV currently yields 1.38% against 1.61% for FLV.
Holdings Overlap
32.7% of FELV's money is in holdings FLV also owns. 66.5% of FLV's money is in holdings FELV also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 400 positions we hold weights for in FELV and 48 in FLV, against full books of 801 and 49.
What only one of them owns
Our book lists 15 positions for FLV that do not appear in our book for FELV (26.5% of the fund), and 306 for FELV that do not appear in FLV (66.5%).
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 FELV | Weight in FLV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 4.68% | 5.31% | 0.63% |
| AAPLApple Inc | 6.53% | 3.42% | 3.11% |
| AMZNAmazon.Com Inc | 6.03% | 3.69% | 2.34% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.14% | 3.25% | 0.11% |
| JPMJpmorgan Chase | 2.62% | 2.63% | 0.01% |
| JNJJohnson & Johnson - Common | 1.13% | 3.07% | 1.94% |
| CVXChevron Corp | 1.28% | 2.67% | 1.39% |
| MMCMarsh & Mclennan Cos Inc Common Stock Usd 1 | 0.21% | 3.69% | 3.48% |
| DUKDuke Energy Corp | 0.04% | 3.62% | 3.58% |
| UNHUnitedhealth Group Incorporated | 1.39% | 2.13% | 0.74% |
66.5% of FLV is already inside FELV.
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, FELV or FLV?
FELV has an expense ratio of 0.18% while FLV charges 0.42%. FELV is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, FELV or FLV?
Over the past year FELV returned +30.13% vs +23.29% for FLV, so FELV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or FLV?
FLV has been the more volatile fund at 11.9% annualized versus 11.5% for FELV. Worst drawdown: FELV -16.1% vs FLV -12.4%.
Should I hold both FELV and FLV?
FELV and FLV have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FELV and FLV?
66.5% of FLV's money is in holdings FELV also owns. 66.5% of FLV's is in holdings FELV also owns. They hold 29 positions in common, counted across the 400 positions we hold weights for in FELV and 48 in FLV.
Which pays a higher dividend, FELV or FLV?
FELV yields 1.38% while FLV yields 1.61%, so FLV currently pays the higher dividend yield.
Is FLV better than FELV?
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. FELV is less concentrated, with 30.0% of the fund in its ten largest positions against 34.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.