AELV vs FELV
Harbor AlphaEdge Large Cap Value ETF vs Fidelity Enhanced Large Cap Value ETF
Which is better, AELV or FELV?
FELV has been ahead.
FELV has a lower expense ratio. FELV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 37.0%.
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 | AELV | FELV |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $3M | $3.4B |
| Dividend Yield | 1.38% | 1.43% |
| Holdings | 150 | 364 |
| YTD Return | +11.24% | +22.64%Best |
| 1Y Return | +18.09% | +29.22%Best |
| 3Y Return (annualized) | - | +21.98% |
| Volatility (annualized) | 10.7%Best | 12.2% |
| Max Drawdown | -16.6% | -16.1%Best |
| $10,000 over 2.1 years | $13,487 | $14,675Best |
| Top 10 Weight | 37.0% | 30.1%Best |
| Fund Family | Harbor Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | Nov 20, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
AELV vs FELV 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 2.1 years both funds cover.
AELV vs FELV Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US). Over the past year AELV returned +18.09% while FELV returned +29.22%. Year to date, AELV is up 11.24% versus a gain of 22.64% for FELV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELV has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 10.7% for AELV. 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 -16.6% for AELV and -16.1% for FELV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AELV charges 0.25% per year while FELV charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 1.43% for FELV.
Holdings Overlap
71.5% of AELV's money is in holdings FELV also owns. 38.4% of FELV's money is in holdings AELV also owns.
Most of AELV is already inside FELV. Owning both mostly buys the same companies twice.
50 positions in common, counted across the 75 positions we hold weights for in AELV and 389 in FELV, against full books of 150 and 364.
What only one of them owns
Our book lists 285 positions for FELV that do not appear in our book for AELV (60.5% of the fund), and 21 for AELV that do not appear in FELV (23.9%).
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 AELV | Weight in FELV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 6.50% | 0.55% |
| AMZNAmazon.Com Inc | 3.20% | 6.20% | 3.00% |
| MSFTMicrosoft Corp | 3.13% | 4.67% | 1.54% |
| JNJJohnson & Johnson - Common | 4.56% | 1.29% | 3.27% |
| BACBank of America Corp.: Financials | 3.63% | 1.13% | 2.50% |
| BMYBristol-Myers Squibb Co. | 3.21% | 0.84% | 2.37% |
| ADBEAdobe Systems | 3.16% | 0.55% | 2.61% |
| GDGeneral Dynamics Corp. | 3.01% | 0.37% | 2.64% |
| CCitigroup Inc. | 2.97% | 0.39% | 2.58% |
| JPMJpmorgan Chase | 0.55% | 2.62% | 2.07% |
71.5% of AELV is already inside FELV.
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, AELV or FELV?
AELV has an expense ratio of 0.25% while FELV charges 0.18%. FELV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, AELV or FELV?
Over the past year AELV returned +18.09% vs +29.22% for FELV, so FELV leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +15.31% vs +20.04% for FELV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or FELV?
FELV has been the more volatile fund at 12.2% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs FELV -16.1%.
Should I hold both AELV and FELV?
AELV and FELV have a monthly-return correlation of 0.92, 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 AELV and FELV?
71.5% of AELV's money is in holdings FELV also owns. 38.4% of FELV's is in holdings AELV also owns. They hold 50 positions in common, counted across the 75 positions we hold weights for in AELV and 389 in FELV.
Which pays a higher dividend, AELV or FELV?
AELV yields 1.38% while FELV yields 1.43%, so FELV currently pays the higher dividend yield.
Is FELV better than AELV?
FELV has a lower expense ratio. FELV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.