FELC vs VOO
FELC vs VOO
Fidelity Enhanced Large Cap Core ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FELC delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FELC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $7.9B | $979.0B | |
| Dividend Yield | 0.85% | 1.09% | |
| Holdings | 225 | 509 | |
| YTD Return | +13.36% | +11.51% | |
| 1Y Return | +24.52% | +21.46% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 11.9% | 14.1% | |
| Max Drawdown | -18.6% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Sep 7, 2010 |
FELC vs VOO Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FELC returned +24.52% while VOO returned +21.46%. Year to date, FELC is up 13.36% versus a gain of 11.51% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.9% 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 -34.3% for VOO. 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 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, FELC currently yields 0.85% against 1.09% for VOO.
Holdings Overlap
FELC and VOO share 166 holdings out of 582 unique holdings combined, representing a 65.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FELC | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.86% | 7.51% | 0.35% |
| AAPL | 6.92% | 6.59% | 0.33% |
| MSFT | 3.99% | 4.30% | 0.31% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings FELC shares with VOO 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 VOO?
FELC has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FELC or VOO?
Over the past year FELC returned +24.52% vs +21.46% for VOO, so FELC leads on 1-year performance. Over the longest common window we track (3 years), FELC annualized +23.28% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, FELC or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.9% for FELC. Worst drawdown: FELC -18.6% vs VOO -34.3%.
Should I hold both FELC and VOO?
FELC and VOO 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 VOO?
FELC and VOO share 166 common holdings with a 65.4% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, FELC or VOO?
FELC yields 0.85% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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