FELV vs VOO
FELV vs VOO
Fidelity Enhanced Large Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FELV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FELV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $3.2B | $979.0B | |
| Dividend Yield | 1.48% | 1.09% | |
| Holdings | 365 | 509 | |
| YTD Return | +23.81% | +13.80% | |
| 1Y Return | +37.15% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 11.7% | 14.1% | |
| Max Drawdown | -16.1% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Sep 7, 2010 |
FELV vs VOO Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FELV returned +37.15% while VOO returned +23.71%. Year to date, FELV is up 23.81% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV 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, FELV currently yields 1.48% against 1.09% for VOO.
Holdings Overlap
FELV and VOO share 223 holdings out of 641 unique holdings combined, representing a 41.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FELV | Weight in VOO | Difference |
|---|---|---|---|
| AAPL | 0.49% | 6.59% | 6.10% |
| AMZN | 2.42% | 3.62% | 1.20% |
| GOOGL | 2.37% | 3.25% | 0.88% |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings FELV 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, FELV or VOO?
FELV 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, FELV or VOO?
Over the past year FELV returned +37.15% vs +23.71% for VOO, so FELV leads on 1-year performance. Over the longest common window we track (3 years), FELV annualized +24.09% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, FELV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.7% for FELV. Worst drawdown: FELV -16.1% vs VOO -34.3%.
Should I hold both FELV and VOO?
FELV and VOO have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FELV and VOO?
FELV and VOO share 223 common holdings with a 41.9% weight overlap. Combined, they hold 641 unique securities.
Which pays a higher dividend, FELV or VOO?
FELV yields 1.48% while VOO yields 1.09%, so FELV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.