DVND vs FELV
Touchstone Dividend Select ETF vs Fidelity Enhanced Large Cap Value ETF
Which is better, DVND or FELV?
FELV has been ahead.
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DVND is less concentrated, with 28.8% of the fund in its ten largest positions against 30.1%.
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 | DVND | FELV |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $54M | $3.4B |
| Dividend Yield | 1.81% | 1.43% |
| Holdings | 112 | 364 |
| YTD Return | +11.56% | +22.64%Best |
| 1Y Return | +14.57% | +29.22%Best |
| 3Y Return (annualized) | +17.34% | +21.98%Best |
| Volatility (annualized) | 10.3%Best | 11.6% |
| Max Drawdown | -14.6%Best | -16.1% |
| $10,000 over 2.9 years | $15,375 | $17,793Best |
| Top 10 Weight | 28.8%Best | 30.1% |
| Fund Family | Touchstone Investments | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 2, 2022 | 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).
DVND 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.
DVND vs FELV Performance
Touchstone Dividend Select ETF (DVND) is an ETF from Touchstone Investments and Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US). Over the past year DVND returned +14.57% while FELV returned +29.22%. Year to date, DVND is up 11.56% versus a gain of 22.64% for FELV.
Over three years, DVND compounded at +17.34% per year against +21.98% 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 11.6% compared with 10.3% for DVND. 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 -14.6% for DVND 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
DVND charges 0.50% per year while FELV charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, DVND currently yields 1.81% against 1.43% for FELV.
Holdings Overlap
77.6% of DVND's money is in holdings FELV also owns. 42.2% of FELV's money is in holdings DVND also owns.
Most of DVND is already inside FELV. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 56 positions we hold weights for in DVND and 389 in FELV, against full books of 112 and 364.
What only one of them owns
Our book lists 289 positions for FELV that do not appear in our book for DVND (56.7% of the fund), and 13 for DVND that do not appear in FELV (22.4%).
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 DVND | Weight in FELV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.29% | 4.67% | 0.62% |
| AAPLApple, Inc | 3.10% | 6.50% | 3.40% |
| AMZNAmazon.Com Inc | 1.74% | 6.20% | 4.46% |
| XOMExxonmobil Corp. | 2.46% | 1.91% | 0.55% |
| JPMJpmorgan Chase | 1.74% | 2.62% | 0.88% |
| JNJJohnson & Johnson - Common | 1.98% | 1.29% | 0.69% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.00% | 1.25% | 0.75% |
| CVXChevron Corp | 1.99% | 1.21% | 0.78% |
| METAMeta Platforms Inc | 2.56% | 0.63% | 1.93% |
| PGProcter & Gamble Company | 1.98% | 0.99% | 0.99% |
77.6% of DVND 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, DVND or FELV?
DVND has an expense ratio of 0.50% while FELV charges 0.18%. FELV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, DVND or FELV?
Over the past year DVND returned +14.57% 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, DVND or FELV?
FELV has been the more volatile fund at 11.6% annualized versus 10.3% for DVND. Worst drawdown: DVND -14.6% vs FELV -16.1%.
Should I hold both DVND and FELV?
DVND 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 DVND and FELV?
77.6% of DVND's money is in holdings FELV also owns. 42.2% of FELV's is in holdings DVND also owns. They hold 43 positions in common, counted across the 56 positions we hold weights for in DVND and 389 in FELV.
Which pays a higher dividend, DVND or FELV?
DVND yields 1.81% while FELV yields 1.43%, so DVND currently pays the higher dividend yield.
Is FELV better than DVND?
FELV has a lower expense ratio. FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. DVND is less concentrated, with 28.8% of the fund in its ten largest positions against 30.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.