ACLC vs FELC
American Century Large Cap Equity ETF vs Fidelity Enhanced Large Cap Core ETF
Which is better, ACLC or FELC?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. ACLC is less concentrated, with 38.7% of the fund in its ten largest positions against 40.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACLC | FELC |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $336M | $8.6B |
| Dividend Yield | 0.56% | 0.83% |
| Holdings | 101 | 590 |
| YTD Return | +10.67% | +15.12%Best |
| 1Y Return | +13.39% | +19.31%Best |
| 3Y Return (annualized) | +17.64% | +22.16%Best |
| 5Y Return (annualized) | +9.72% | - |
| Volatility (annualized) | 12.4% | 11.7%Best |
| Max Drawdown | -20.5% | -18.6%Best |
| $10,000 over 2.9 years | $15,692 | $17,869Best |
| Top 10 Weight | 38.7%Best | 40.1% |
| Fund Family | American Century Investments | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 15, 2020 | Nov 20, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 15, 2026 (2.9 years).
ACLC vs FELC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
ACLC vs FELC Performance
American Century Large Cap Equity ETF (ACLC) is an ETF from American Century Investments and Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US). Over the past year ACLC returned +13.39% while FELC returned +19.31%. Year to date, ACLC is up 10.67% versus a gain of 15.12% for FELC.
Over three years, ACLC compounded at +17.64% per year against +22.16% for FELC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACLC has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 11.7% 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 -20.5% for ACLC and -18.6% for FELC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
ACLC charges 0.39% per year while FELC charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, ACLC currently yields 0.56% against 0.83% for FELC.
Holdings Overlap
81.7% of ACLC's money is in holdings FELC also owns. 61.5% of FELC's money is in holdings ACLC also owns.
Most of ACLC is already inside FELC. Owning both mostly buys the same companies twice.
70 positions in common, counted across the 100 positions we hold weights for in ACLC and 300 in FELC, against full books of 101 and 590.
What only one of them owns
Our book lists 152 positions for FELC that do not appear in our book for ACLC (38.0% of the fund), and 28 for ACLC that do not appear in FELC (16.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ACLC | Weight in FELC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.10% | 8.93% | 0.83% |
| AAPLApple, Inc | 4.75% | 7.73% | 2.98% |
| MSFTMicrosoft Corp | 5.54% | 5.08% | 0.46% |
| GOOGLAlphabet Inc | 6.53% | 3.35% | 3.18% |
| AMZNAmazon.Com Inc | 3.41% | 3.83% | 0.42% |
| AVGOBroadcom Inc | 3.27% | 2.80% | 0.47% |
| MUMicron Technology, Inc. | 2.06% | 2.04% | 0.02% |
| METAMeta Platforms Inc | 1.52% | 2.38% | 0.86% |
| LLYEli Lilly & Co. | 1.65% | 1.74% | 0.09% |
| JPMJpmorgan Chase | 1.54% | 1.71% | 0.17% |
81.7% of ACLC is already inside FELC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACLC or FELC?
ACLC has an expense ratio of 0.39% while FELC charges 0.18%. FELC is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, ACLC or FELC?
Over the past year ACLC returned +13.39% vs +19.31% for FELC, so FELC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACLC or FELC?
ACLC has been the more volatile fund at 12.4% annualized versus 11.7% for FELC. Worst drawdown: ACLC -20.5% vs FELC -18.6%.
Should I hold both ACLC and FELC?
ACLC and FELC have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ACLC and FELC?
81.7% of ACLC's money is in holdings FELC also owns. 61.5% of FELC's is in holdings ACLC also owns. They hold 70 positions in common, counted across the 100 positions we hold weights for in ACLC and 300 in FELC.
Which pays a higher dividend, ACLC or FELC?
ACLC yields 0.56% while FELC yields 0.83%, so FELC currently pays the higher dividend yield.
Is FELC better than ACLC?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. ACLC is less concentrated, with 38.7% of the fund in its ten largest positions against 40.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.