FELV vs VTI
Fidelity Enhanced Large Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FELV or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 28.5% of the fund in its ten largest positions against 33.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $3.3B | $666.9B |
| Dividend Yield | 1.38% | 1.03% |
| Holdings | 373 | 3,543 |
| YTD Return | +20.69%Best | +13.14% |
| 1Y Return | +27.09%Best | +16.63% |
| 3Y Return (annualized) | - | +22.30% |
| 5Y Return (annualized) | - | +12.01% |
| Volatility (annualized) | 11.7%Best | 12.1% |
| Max Drawdown | -16.1%Best | -19.3% |
| $10,000 over 2.8 years | $17,363Best | $17,295 |
| Top 10 Weight | 28.5%Best | 33.3% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 20, 2023 | May 24, 2001 |
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 23, 2026 (2.8 years).
FELV vs VTI 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 VTI Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FELV returned +27.09% while VTI returned +16.63%. Year to date, FELV is up 20.69% versus a gain of 13.14% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 11.7% 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.38% against 1.03% for VTI.
Holdings Overlap
94.7% of FELV's money is in holdings VTI also owns. 57.5% of VTI's money is in holdings FELV also owns.
Most of FELV is already inside VTI. Owning both mostly buys the same companies twice.
353 positions in common, counted across the 364 positions we hold weights for in FELV and 3,463 in VTI, against full books of 373 and 3,543.
What only one of them owns
Our book lists 818 positions for VTI that do not appear in our book for FELV (40.1% of the fund), and 5 for FELV that do not appear in VTI (1.1%).
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 VTI | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.92% | 6.29% | 0.37% |
| AMZNAmazon.Com Inc | 6.04% | 3.65% | 2.39% |
| MSFTMicrosoft Corp | 4.34% | 4.79% | 0.45% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.92% | 1.28% | 1.64% |
| JPMJpmorgan Chase | 2.69% | 1.31% | 1.38% |
| GOOGLAlphabet Inc,class A | 0.00% | 2.90% | 2.90% |
| XOMExxon Mobil Corp. | 1.80% | 0.89% | 0.91% |
| METAMeta Platforms Inc | 0.62% | 1.70% | 1.08% |
| GOOGAlphabet Inc | 0.01% | 2.31% | 2.30% |
| JNJJohnson & Johnson - Common | 1.28% | 0.86% | 0.42% |
94.7% of FELV is already inside VTI.
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 VTI?
FELV has an expense ratio of 0.18% while VTI charges 0.03%. VTI is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FELV or VTI?
Over the past year FELV returned +27.09% vs +16.63% for VTI, 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 VTI?
VTI has been the more volatile fund at 12.1% annualized versus 11.7% for FELV. Worst drawdown: FELV -16.1% vs VTI -19.3%.
Should I hold both FELV and VTI?
FELV and VTI have a monthly-return correlation of 0.81, 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 VTI?
94.7% of FELV's money is in holdings VTI also owns. 57.5% of VTI's is in holdings FELV also owns. They hold 353 positions in common, counted across the 364 positions we hold weights for in FELV and 3,463 in VTI.
Which pays a higher dividend, FELV or VTI?
FELV yields 1.38% while VTI yields 1.03%, so FELV currently pays the higher dividend yield.
Is VTI better than FELV?
VTI has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 28.5% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.