FELV vs VYM
Fidelity Enhanced Large Cap Value ETF vs Vanguard High Dividend Yield ETF
Which is better, FELV or VYM?
FELV has been ahead.
VYM has a lower expense ratio. FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 29.6%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $3.7B | $95.8B |
| Dividend Yield | 1.38% | 2.23% |
| Holdings | 1,206 | 610 |
| YTD Return | +26.64%Best | +15.95% |
| 1Y Return | +31.30%Best | +19.62% |
| 3Y Return (annualized) | +22.63%Best | +19.64% |
| 5Y Return (annualized) | - | +11.48% |
| Volatility (annualized) | 11.5% | 10.8%Best |
| Max Drawdown | -16.1% | -14.5%Best |
| $10,000 over 3 years | $18,441Best | $17,018 |
| Top 10 Weight | 29.6% | 25.8%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
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 VYM 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 VYM Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FELV returned +31.30% while VYM returned +19.62%. Year to date, FELV is up 26.64% versus a gain of 15.95% for VYM.
Over three years, FELV compounded at +22.63% per year against +19.64% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELV has been the more volatile fund, with annualized monthly volatility of 11.5% compared with 10.8% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, FELV currently yields 1.38% against 2.23% for VYM.
Holdings Overlap
49.7% of FELV's money is in holdings VYM also owns. 69.8% of VYM's money is in holdings FELV also owns.
The two portfolios partly overlap.
The two holdings books were reported 60 days apart, FELV as of Oct 30, 2026 and VYM as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
185 positions in common, counted across the 400 positions we hold weights for in FELV and 602 in VYM, against full books of 1,206 and 610.
What only one of them owns
Our book lists 392 positions for VYM that do not appear in our book for FELV (28.8% of the fund), and 172 for FELV that do not appear in VYM (49.6%).
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 VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase & Co. | 2.58% | 3.83% | 1.25% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 2.12% | 2.70% | 0.58% |
| JNJJohnson & Johnson - Common | 1.19% | 2.58% | 1.39% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.13% | 1.76% | 0.63% |
| CVXChevron Corp. | 1.33% | 1.54% | 0.21% |
| ABBVAbbvie Inc. | 1.00% | 1.83% | 0.83% |
| UNHUnitedhealth Group Inc. | 1.40% | 1.42% | 0.02% |
| MRKMerck & Co. Inc. | 1.02% | 1.47% | 0.45% |
| PGProcter & Gamble Company | 1.07% | 1.36% | 0.29% |
| BACBank Of America Corp. | 0.75% | 1.65% | 0.90% |
69.8% of VYM 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 VYM?
FELV has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, FELV or VYM?
Over the past year FELV returned +31.30% vs +19.62% for VYM, 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 VYM?
FELV has been the more volatile fund at 11.5% annualized versus 10.8% for VYM. Worst drawdown: FELV -16.1% vs VYM -14.5%.
Should I hold both FELV and VYM?
FELV and VYM have a monthly-return correlation of 0.94, 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 VYM?
69.8% of VYM's money is in holdings FELV also owns. 69.8% of VYM's is in holdings FELV also owns. They hold 185 positions in common, counted across the 400 positions we hold weights for in FELV and 602 in VYM.
Which pays a higher dividend, FELV or VYM?
FELV yields 1.38% while VYM yields 2.23%, so VYM currently pays the higher dividend yield.
Is VYM better than FELV?
VYM has a lower expense ratio. FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 29.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.