FELV vs REVS
Fidelity Enhanced Large Cap Value ETF vs Columbia Research Enhanced Value ETF
Which is better, FELV or REVS?
Nearly the same fund. FELV costs less.
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. FELV is less concentrated, with 29.6% of the fund in its ten largest positions against 32.8%.
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 | REVS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.19% |
| AUM | $3.7B | $395M |
| Dividend Yield | 1.38% | 1.75% |
| Holdings | 1,206 | 609 |
| YTD Return | +26.64%Best | +21.93% |
| 1Y Return | +31.30%Best | +26.09% |
| 3Y Return (annualized) | +22.63%Best | +21.49% |
| 5Y Return (annualized) | - | +12.50% |
| Volatility (annualized) | 11.5%Tie | 11.5%Tie |
| Max Drawdown | -16.1%Best | -16.4% |
| $10,000 over 3 years | $18,441Best | $17,910 |
| Top 10 Weight | 29.6%Best | 32.8% |
| Fund Family | Fidelity Investments (US) | Columbia Threadneedle Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Sep 25, 2019 |
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 13, 2026 (3 years).
FELV vs REVS 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 REVS Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Columbia Research Enhanced Value ETF (REVS) is an ETF from Columbia Threadneedle Investments. Over the past year FELV returned +31.30% while REVS returned +26.09%. Year to date, FELV is up 26.64% versus a gain of 21.93% for REVS.
Over three years, FELV compounded at +22.63% per year against +21.49% for REVS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELV and REVS have been equally volatile, both at 11.5% annualized.
The deepest peak-to-trough decline in our data was -16.1% for FELV and -16.4% for REVS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELV charges 0.18% per year while REVS charges 0.19%. On a $10,000 position that is $18 vs $19 annually, a gap of $1 per year that compounds over a long holding period. On income, FELV currently yields 1.38% against 1.75% for REVS.
Holdings Overlap
39.3% of FELV's money is in holdings REVS also owns. 78.6% of REVS's money is in holdings FELV also owns.
Most of REVS is already inside FELV. Owning both mostly buys the same companies twice.
139 positions in common, counted across the 400 positions we hold weights for in FELV and 299 in REVS, against full books of 1,206 and 609.
What only one of them owns
Our book lists 151 positions for REVS that do not appear in our book for FELV (19.6% of the fund), and 212 for FELV that do not appear in REVS (60.1%).
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 REVS | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.37% | 8.44% | 2.07% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.58% | 7.50% | 2.92% |
| CVXChevron Corp. | 1.33% | 3.07% | 1.74% |
| BACBank Of America Corp. | 0.75% | 2.98% | 2.23% |
| MOAltria Group Inc. | 0.41% | 2.46% | 2.05% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.13% | 1.49% | 0.36% |
| BMYBristol-Myers Squibb Co. | 0.84% | 1.66% | 0.82% |
| METAMeta Platform Inc | 0.51% | 1.96% | 1.45% |
| PGRProgressive Corp. | 0.87% | 1.39% | 0.52% |
| ABBVAbbvie Inc. | 1.00% | 1.23% | 0.23% |
78.6% of REVS 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 REVS?
FELV has an expense ratio of 0.18% while REVS charges 0.19%. FELV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FELV or REVS?
Over the past year FELV returned +31.30% vs +26.09% for REVS, 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 REVS?
FELV and REVS have been equally volatile, both at 11.5% annualized. Worst drawdown: FELV -16.1% vs REVS -16.4%.
Should I hold both FELV and REVS?
FELV and REVS have a monthly-return correlation of 0.97, 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 FELV and REVS?
78.6% of REVS's money is in holdings FELV also owns. 78.6% of REVS's is in holdings FELV also owns. They hold 139 positions in common, counted across the 400 positions we hold weights for in FELV and 299 in REVS.
Which pays a higher dividend, FELV or REVS?
FELV yields 1.38% while REVS yields 1.75%, so REVS currently pays the higher dividend yield.
Is REVS better than FELV?
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. FELV is less concentrated, with 29.6% of the fund in its ten largest positions against 32.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.