FELC vs VYM
FELC vs VYM
Fidelity Enhanced Large Cap Core ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. FELC delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FELC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $7.9B | $79.0B | |
| Dividend Yield | 0.85% | 2.86% | |
| Holdings | 225 | 568 | |
| YTD Return | +15.02% | +15.45% | |
| 1Y Return | +26.85% | +26.05% | |
| 3Y Return (annualized) | - | +17.96% | |
| 5Y Return (annualized) | - | +12.54% | |
| Volatility (annualized) | 11.9% | 14.6% | |
| Max Drawdown | -18.6% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
FELC vs VYM Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FELC returned +26.85% while VYM returned +26.05%. Year to date, FELC is up 15.02% versus a gain of 15.45% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC 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, FELC currently yields 0.85% against 2.86% for VYM.
Holdings Overlap
FELC and VYM share 89 holdings out of 712 unique holdings combined, representing a 25.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FELC | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 3.16% | 6.47% | 3.31% |
| JPM | 1.52% | 3.36% | 1.84% |
| XOM | 1.01% | 2.83% | 1.82% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings FELC shares with VYM 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 VYM?
FELC has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, FELC or VYM?
Over the past year FELC returned +26.85% vs +26.05% for VYM, so FELC leads on 1-year performance. Over the longest common window we track (3 years), FELC annualized +23.88% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, FELC or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.9% for FELC. Worst drawdown: FELC -18.6% vs VYM -58.8%.
Should I hold both FELC and VYM?
FELC and VYM have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELC and VYM?
FELC and VYM share 89 common holdings with a 25.7% weight overlap. Combined, they hold 712 unique securities.
Which pays a higher dividend, FELC or VYM?
FELC yields 0.85% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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