CAPE vs FFLC
DoubleLine Shiller CAPE US Equities ETF vs Fidelity Fundamental Large Cap Core ETF
Which is better, CAPE or FFLC?
FFLC has been ahead.
FFLC has a lower expense ratio. FFLC led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 41.9%.
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 | CAPE | FFLC |
|---|---|---|
| Expense Ratio | 0.65% | 0.38%Best |
| AUM | $209M | $1.2B |
| Dividend Yield | 1.46% | 1.01% |
| Holdings | 182 | 216 |
| YTD Return | +0.19% | +9.90%Best |
| 1Y Return | +0.83% | +14.13%Best |
| 3Y Return (annualized) | +11.60% | +22.06%Best |
| 5Y Return (annualized) | - | +15.97% |
| Volatility (annualized) | 16.7% | 15.7%Best |
| Max Drawdown | -22.1% | -19.7%Best |
| $10,000 over 4.5 years | $13,406 | $20,091Best |
| Top 10 Weight | 29.0%Best | 41.9% |
| Fund Family | DoubleLine Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Jun 2, 2020 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
CAPE vs FFLC 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 4.5 years both funds cover.
CAPE vs FFLC Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and Fidelity Fundamental Large Cap Core ETF (FFLC) is an ETF from Fidelity Investments (US). Over the past year CAPE returned +0.83% while FFLC returned +14.13%. Year to date, CAPE is up 0.19% versus a gain of 9.90% for FFLC.
Over three years, CAPE compounded at +11.60% per year against +22.06% for FFLC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 15.7% for FFLC. 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 -22.1% for CAPE and -19.7% for FFLC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while FFLC charges 0.38%. On a $10,000 position that is $65 vs $38 annually, a gap of $27 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 1.01% for FFLC.
Holdings Overlap
21.7% of CAPE's money is in holdings FFLC also owns. 14.1% of FFLC's money is in holdings CAPE also owns.
CAPE and FFLC share little of their money.
19 positions in common, counted across the 170 positions we hold weights for in CAPE and 108 in FFLC, against full books of 182 and 216.
What only one of them owns
Our book lists 77 positions for FFLC that do not appear in our book for CAPE (77.6% of the fund), and 146 for CAPE that do not appear in FFLC (73.5%).
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 CAPE | Weight in FFLC | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.04% | 5.51% | 0.53% |
| KOCoca Cola Co. | 1.84% | 0.73% | 1.11% |
| NEMNewmont Corp Common | 1.99% | 0.38% | 1.61% |
| PMPhilip Morris International Inc. | 1.56% | 0.70% | 0.86% |
| HDHome Depot Inc/The | 1.35% | 0.75% | 0.60% |
| CTVACorteva Inc Ctva | 1.25% | 0.41% | 0.84% |
| KDPKeurig Dr Pepper, Inc. | 0.70% | 0.94% | 0.24% |
| TGTTARGET CORP | 1.17% | 0.40% | 0.77% |
| LOWLowes Cos., Inc. | 0.71% | 0.75% | 0.04% |
| STLDSteel Dynamics Inc | 0.96% | 0.39% | 0.57% |
21.7% of CAPE is already inside FFLC.
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, CAPE or FFLC?
CAPE has an expense ratio of 0.65% while FFLC charges 0.38%. FFLC is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, CAPE or FFLC?
Over the past year CAPE returned +0.83% vs +14.13% for FFLC, so FFLC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or FFLC?
CAPE has been the more volatile fund at 16.7% annualized versus 15.7% for FFLC. Worst drawdown: CAPE -22.1% vs FFLC -19.7%.
Should I hold both CAPE and FFLC?
CAPE and FFLC have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CAPE and FFLC?
21.7% of CAPE's money is in holdings FFLC also owns. 14.1% of FFLC's is in holdings CAPE also owns. They hold 19 positions in common, counted across the 170 positions we hold weights for in CAPE and 108 in FFLC.
Which pays a higher dividend, CAPE or FFLC?
CAPE yields 1.46% while FFLC yields 1.01%, so CAPE currently pays the higher dividend yield.
Is FFLC better than CAPE?
FFLC has a lower expense ratio. FFLC led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 41.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.