FELV vs VOO
Fidelity Enhanced Large Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, FELV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 29.1% of the fund in its ten largest positions against 36.4%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $3.3B | $997.4B |
| Dividend Yield | 1.41% | 1.08% |
| Holdings | 373 | 509 |
| YTD Return | +23.72%Best | +13.37% |
| 1Y Return | +31.20%Best | +20.08% |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 11.5%Best | 11.7% |
| Max Drawdown | -16.1%Best | -18.7% |
| $10,000 over 2.8 years | $17,984Best | $17,611 |
| Top 10 Weight | 29.1%Best | 36.4% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 20, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 20, 2023 to Sep 4, 2026 (2.8 years).
FELV vs VOO 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 2.8 years both funds cover.
FELV vs VOO Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FELV returned +31.20% while VOO returned +20.08%. Year to date, FELV is up 23.72% versus a gain of 13.37% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 11.7% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV 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, FELV currently yields 1.41% against 1.08% for VOO.
Holdings Overlap
86.5% of FELV's money is in holdings VOO also owns. 60.5% of VOO's money is in holdings FELV also owns.
Most of FELV is already inside VOO. Owning both mostly buys the same companies twice.
219 positions in common, counted across the 368 positions we hold weights for in FELV and 505 in VOO, against full books of 373 and 509.
What only one of them owns
Our book lists 279 positions for VOO that do not appear in our book for FELV (39.1% of the fund), and 130 for FELV that do not appear in VOO (12.7%).
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 VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.81% | 6.59% | 0.78% |
| AMZNAmazon.Com Inc | 6.41% | 3.62% | 2.79% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.37% | 4.30% | 0.07% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.09% | 1.42% | 1.67% |
| JPMJpmorgan Chase | 2.74% | 1.26% | 1.48% |
| GOOGLAlphabet Inc.Class A | 0.00% | 3.25% | 3.25% |
| GOOGAlphabet Inc. C | 0.15% | 2.59% | 2.44% |
| XOMExxon Mobil Corp. | 1.76% | 0.88% | 0.88% |
| METAMeta Platform Inc | 0.56% | 1.92% | 1.36% |
| JNJJohnson & Johnson - Common | 1.26% | 0.95% | 0.31% |
86.5% of FELV is already inside VOO.
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 VOO?
FELV has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FELV or VOO?
Over the past year FELV returned +31.20% vs +20.08% for VOO, 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 VOO?
VOO has been the more volatile fund at 11.7% annualized versus 11.5% for FELV. Worst drawdown: FELV -16.1% vs VOO -18.7%.
Should I hold both FELV and VOO?
FELV and VOO have a monthly-return correlation of 0.78, 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 VOO?
86.5% of FELV's money is in holdings VOO also owns. 60.5% of VOO's is in holdings FELV also owns. They hold 219 positions in common, counted across the 368 positions we hold weights for in FELV and 505 in VOO.
Which pays a higher dividend, FELV or VOO?
FELV yields 1.41% while VOO yields 1.08%, so FELV currently pays the higher dividend yield.
Is VOO better than FELV?
VOO has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 29.1% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.