FELV vs VTI
Fidelity Enhanced Large Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. FELV delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | FELV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $3.3B | $666.9B | |
| Dividend Yield | 1.41% | 1.07% | |
| Holdings | 373 | 3,543 | |
| YTD Return | +24.59% | +13.95% | |
| 1Y Return | +33.28% | +21.44% | |
| 3Y Return (annualized) | - | +21.10% | |
| 5Y Return (annualized) | - | +11.77% | |
| Volatility (annualized) | 11.5% | 15.3% | |
| Max Drawdown | -16.1% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | May 24, 2001 |
FELV vs VTI Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is a ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FELV returned +33.28% while VTI returned +21.44%. Year to date, FELV is up 24.59% versus a gain of 13.95% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV charges 0.18% per year while VTI 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 1.07% for VTI.
Holdings Overlap
FELV and VTI share 312 holdings out of 2843 unique holdings combined, representing a 42.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FELV or VTI?
FELV has an expense ratio of 0.18% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FELV or VTI?
Over the past year FELV returned +33.28% vs +21.44% for VTI, so FELV leads on 1-year performance. Over the longest common window we track (3 years), FELV annualized +23.66% vs +8.11% for VTI. Past performance does not guarantee future results.
Which is riskier, FELV or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 11.5% for FELV. Worst drawdown: FELV -16.1% vs VTI -56.6%.
Should I hold both FELV and VTI?
FELV and VTI have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELV and VTI?
FELV and VTI share 312 common holdings with a 42.5% weight overlap. Combined, they hold 2843 unique securities.
Which pays a higher dividend, FELV or VTI?
FELV yields 1.41% while VTI yields 1.07%, so FELV currently pays the higher dividend yield.
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