FELV vs SCHD
Fidelity Enhanced Large Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. FELV delivered stronger 1-year returns. FELV offers more diversification with 373 holdings.
Side-by-Side Comparison
| Metric | FELV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $3.3B | $112.2B | |
| Dividend Yield | 1.41% | 3.13% | |
| Holdings | 373 | 103 | |
| YTD Return | +23.52% | +28.33% | |
| 1Y Return | +32.18% | +30.37% | |
| 3Y Return (annualized) | - | +16.64% | |
| 5Y Return (annualized) | - | +10.04% | |
| Volatility (annualized) | 11.5% | 13.6% | |
| Max Drawdown | -16.1% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Oct 20, 2011 |
FELV vs SCHD Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FELV returned +32.18% while SCHD returned +30.37%. Year to date, FELV is up 23.52% versus a gain of 28.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, FELV currently yields 1.41% against 3.13% for SCHD.
Holdings Overlap
FELV and SCHD share 29 holdings out of 439 unique holdings combined, representing a 10.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FELV or SCHD?
FELV has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FELV or SCHD?
Over the past year FELV returned +32.18% vs +30.37% for SCHD, so FELV leads on 1-year performance. Over the longest common window we track (3 years), FELV annualized +23.30% vs +11.58% for SCHD. Past performance does not guarantee future results.
Which is riskier, FELV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.5% for FELV. Worst drawdown: FELV -16.1% vs SCHD -33.4%.
Should I hold both FELV and SCHD?
FELV and SCHD have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELV and SCHD?
FELV and SCHD share 29 common holdings with a 10.4% weight overlap. Combined, they hold 439 unique securities.
Which pays a higher dividend, FELV or SCHD?
FELV yields 1.41% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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