DIVL vs FELV
Madison Dividend Value ETF vs Fidelity Enhanced Large Cap Value ETF
Which is better, DIVL or FELV?
FELV has been ahead.
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 41.2%.
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 | DIVL | FELV |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $61M | $3.4B |
| Dividend Yield | 1.83% | 1.43% |
| Holdings | 40 | 364 |
| YTD Return | +10.65% | +22.64%Best |
| 1Y Return | +12.67% | +29.22%Best |
| 3Y Return (annualized) | +12.06% | +21.98%Best |
| Volatility (annualized) | 11.6%Tie | 11.6%Tie |
| Max Drawdown | -14.1%Best | -16.1% |
| $10,000 over 2.9 years | $14,155 | $17,793Best |
| Top 10 Weight | 41.2% | 30.1%Best |
| Fund Family | Madison Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 14, 2023 | Nov 20, 2023 |
Not shown on this pair: 5Y Return (annualized).
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 14, 2026 (2.9 years).
DIVL 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 2.9 years both funds cover.
DIVL vs FELV Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US). Over the past year DIVL returned +12.67% while FELV returned +29.22%. Year to date, DIVL is up 10.65% versus a gain of 22.64% for FELV.
Over three years, DIVL compounded at +12.06% per year against +21.98% for FELV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVL and FELV have been equally volatile, both at 11.6% annualized.
The deepest peak-to-trough decline in our data was -14.1% for DIVL 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVL charges 0.65% per year while FELV charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, DIVL currently yields 1.83% against 1.43% for FELV.
Holdings Overlap
81.9% of DIVL's money is in holdings FELV also owns. 17.4% of FELV's money is in holdings DIVL also owns.
Most of DIVL is already inside FELV. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 37 positions we hold weights for in DIVL and 389 in FELV, against full books of 40 and 364.
What only one of them owns
Our book lists 304 positions for FELV that do not appear in our book for DIVL (81.5% of the fund), and 8 for DIVL that do not appear in FELV (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 DIVL | Weight in FELV | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 5.26% | 1.91% | 3.35% |
| JNJJohnson & Johnson - Common | 5.57% | 1.29% | 4.28% |
| CVXChevron Corp | 5.27% | 1.21% | 4.06% |
| JPMJpmorgan Chase | 2.77% | 2.62% | 0.15% |
| ABBVAbbvie Inc. | 3.80% | 0.92% | 2.88% |
| PGProcter & Gamble Company | 3.38% | 0.99% | 2.39% |
| CMEC M E Group Inc. | 3.76% | 0.37% | 3.39% |
| COPConocophillips Common Stock USD 0.01 | 3.56% | 0.49% | 3.07% |
| ADIAnalog Devices, Inc. | 3.51% | 0.45% | 3.06% |
| NEENextera Energy Inc | 3.58% | 0.24% | 3.34% |
81.9% of DIVL 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, DIVL or FELV?
DIVL has an expense ratio of 0.65% while FELV charges 0.18%. FELV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, DIVL or FELV?
Over the past year DIVL returned +12.67% vs +29.22% for FELV, so FELV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVL or FELV?
DIVL and FELV have been equally volatile, both at 11.6% annualized. Worst drawdown: DIVL -14.1% vs FELV -16.1%.
Should I hold both DIVL and FELV?
DIVL and FELV have a monthly-return correlation of 0.85, 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 DIVL and FELV?
81.9% of DIVL's money is in holdings FELV also owns. 17.4% of FELV's is in holdings DIVL also owns. They hold 28 positions in common, counted across the 37 positions we hold weights for in DIVL and 389 in FELV.
Which pays a higher dividend, DIVL or FELV?
DIVL yields 1.83% while FELV yields 1.43%, so DIVL currently pays the higher dividend yield.
Is FELV better than DIVL?
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.