EQTY vs FELC
Kovitz Core Equity ETF vs Fidelity Enhanced Large Cap Core ETF
Which is better, EQTY or FELC?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 42.4%.
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 | EQTY | FELC |
|---|---|---|
| Expense Ratio | 0.99% | 0.18%Best |
| AUM | $1.4B | $8.6B |
| Dividend Yield | 0.02% | 0.83% |
| Holdings | 39 | 590 |
| YTD Return | +8.78% | +14.93%Best |
| 1Y Return | +13.61% | +19.54%Best |
| 3Y Return (annualized) | +17.28% | +22.11%Best |
| Volatility (annualized) | 11.6%Best | 11.7% |
| Max Drawdown | -17.3%Best | -18.6% |
| $10,000 over 2.9 years | $15,728 | $17,848Best |
| Top 10 Weight | 42.4% | 40.1%Best |
| Fund Family | Kovitz Investment Group | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | 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).
EQTY 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.
EQTY vs FELC Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US). Over the past year EQTY returned +13.61% while FELC returned +19.54%. Year to date, EQTY is up 8.78% versus a gain of 14.93% for FELC.
Over three years, EQTY compounded at +17.28% per year against +22.11% for FELC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 11.6% for EQTY. 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 -17.3% for EQTY 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQTY charges 0.99% per year while FELC charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 0.83% for FELC.
Holdings Overlap
64.9% of EQTY's money is in holdings FELC also owns. 32.5% of FELC's money is in holdings EQTY also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 38 positions we hold weights for in EQTY and 300 in FELC, against full books of 39 and 590.
What only one of them owns
Our book lists 195 positions for FELC that do not appear in our book for EQTY (66.9% of the fund), and 15 for EQTY that do not appear in FELC (30.7%).
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 EQTY | Weight in FELC | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.09% | 5.08% | 0.01% |
| AAPLApple, Inc | 1.72% | 7.73% | 6.01% |
| AMZNAmazon.Com Inc | 3.14% | 3.83% | 0.69% |
| GOOGAlphabet Inc. C | 4.01% | 2.12% | 1.89% |
| METAMeta Platforms Inc | 3.25% | 2.38% | 0.87% |
| VVisa Inc Class A | 4.50% | 0.91% | 3.59% |
| SCHWSchwab Strategic T | 4.57% | 0.72% | 3.85% |
| ADIAnalog Devices, Inc. | 3.99% | 0.39% | 3.60% |
| PMPhilip Morris International Inc. | 4.08% | 0.19% | 3.89% |
| GOOGLAlphabet Inc | 0.85% | 3.35% | 2.50% |
64.9% of EQTY 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, EQTY or FELC?
EQTY has an expense ratio of 0.99% while FELC charges 0.18%. FELC is the cheaper option, by $81 a year on a $10,000 investment.
Which performed better, EQTY or FELC?
Over the past year EQTY returned +13.61% vs +19.54% 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, EQTY or FELC?
FELC has been the more volatile fund at 11.7% annualized versus 11.6% for EQTY. Worst drawdown: EQTY -17.3% vs FELC -18.6%.
Should I hold both EQTY and FELC?
EQTY and FELC have a monthly-return correlation of 0.87, 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 EQTY and FELC?
64.9% of EQTY's money is in holdings FELC also owns. 32.5% of FELC's is in holdings EQTY also owns. They hold 22 positions in common, counted across the 38 positions we hold weights for in EQTY and 300 in FELC.
Which pays a higher dividend, EQTY or FELC?
EQTY yields 0.02% while FELC yields 0.83%, so FELC currently pays the higher dividend yield.
Is FELC better than EQTY?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 42.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.