FELV vs VYM
FELV vs VYM
Fidelity Enhanced Large Cap Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. FELV delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FELV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $3.2B | $79.0B | |
| Dividend Yield | 1.48% | 2.86% | |
| Holdings | 365 | 568 | |
| YTD Return | +22.95% | +15.20% | |
| 1Y Return | +36.07% | +25.56% | |
| 3Y Return (annualized) | - | +17.86% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 11.7% | 14.6% | |
| Max Drawdown | -16.1% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
FELV vs VYM Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FELV returned +36.07% while VYM returned +25.56%. Year to date, FELV is up 22.95% versus a gain of 15.20% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -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 0.94. 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 1.48% against 2.86% for VYM.
Holdings Overlap
FELV and VYM share 147 holdings out of 770 unique holdings combined, representing a 42.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FELV | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 0.45% | 6.47% | 6.02% |
| JPM:US | 2.71% | 3.36% | 0.65% |
| XOM | 2.31% | 2.83% | 0.52% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
See all 10 holdings FELV 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, FELV or VYM?
FELV 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, FELV or VYM?
Over the past year FELV returned +36.07% vs +25.56% for VYM, so FELV leads on 1-year performance. Over the longest common window we track (3 years), FELV annualized +23.79% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, FELV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.7% for FELV. Worst drawdown: FELV -16.1% vs VYM -58.8%.
Should I hold both FELV and VYM?
FELV and VYM have a monthly-return correlation of 0.94, 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 FELV and VYM?
FELV and VYM share 147 common holdings with a 42.0% weight overlap. Combined, they hold 770 unique securities.
Which pays a higher dividend, FELV or VYM?
FELV yields 1.48% while VYM yields 2.86%, so VYM 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.