FELC vs IVV
FELC vs IVV
Fidelity Enhanced Large Cap Core ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FELC delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FELC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $7.9B | $865.2B | |
| Dividend Yield | 0.85% | 1.09% | |
| Holdings | 225 | 508 | |
| YTD Return | +15.18% | +13.52% | |
| 1Y Return | +26.51% | +23.63% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 12.0% | 15.1% | |
| Max Drawdown | -18.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | May 15, 2000 |
FELC vs IVV Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FELC returned +26.51% while IVV returned +23.63%. Year to date, FELC is up 15.18% versus a gain of 13.52% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.0% for FELC. 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 -18.6% for FELC and -56.5% for IVV. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELC charges 0.18% per year while IVV 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, FELC currently yields 0.85% against 1.09% for IVV.
Holdings Overlap
FELC and IVV share 164 holdings out of 584 unique holdings combined, representing a 65.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FELC | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.86% | 7.76% | 0.10% |
| AAPL | 6.92% | 7.44% | 0.52% |
| MSFT | 3.99% | 4.57% | 0.58% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings FELC shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FELC or IVV?
FELC has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FELC or IVV?
Over the past year FELC returned +26.51% vs +23.63% for IVV, so FELC leads on 1-year performance. Over the longest common window we track (3 years), FELC annualized +23.97% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FELC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.0% for FELC. Worst drawdown: FELC -18.6% vs IVV -56.5%.
Should I hold both FELC and IVV?
FELC and IVV have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FELC and IVV?
FELC and IVV share 164 common holdings with a 65.0% weight overlap. Combined, they hold 584 unique securities.
Which pays a higher dividend, FELC or IVV?
FELC yields 0.85% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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