FELC vs GAB
Fidelity Enhanced Large Cap Core ETF vs Gabelli Equity Trust
Which is better, FELC or GAB?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window.
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 | FELC | GAB |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.50% |
| AUM | $8.6B | $2.3B |
| Dividend Yield | 0.83% | 10.96% |
| Holdings | 590 | 682 |
| YTD Return | +14.93%Best | -8.60% |
| 1Y Return | +19.54%Best | -4.60% |
| 3Y Return (annualized) | +22.11%Best | +12.18% |
| 5Y Return (annualized) | - | +4.88% |
| Volatility (annualized) | 11.7% | 11.6%Best |
| Max Drawdown | -18.6% | -13.8%Best |
| $10,000 over 2.9 years | $17,848Best | $13,808 |
| Fund Family | Fidelity Investments (US) | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Aug 21, 1986 |
Not shown on this pair: Top 10 Weight.
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).
FELC vs GAB 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.
FELC vs GAB Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Gabelli Equity Trust (GAB) is an ETF from Gabelli Funds. Over the past year FELC returned +19.54% while GAB returned -4.60%. Year to date, FELC is up 14.93% versus a loss of 8.60% for GAB.
Over three years, FELC compounded at +22.11% per year against +12.18% for GAB.
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 GAB. 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 -18.6% for FELC and -13.8% for GAB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while GAB charges 1.50%. On a $10,000 position that is $18 vs $150 annually, a gap of $132 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 10.96% for GAB.
Holdings Overlap
At least 75.1% of FELC's money is in holdings GAB also owns.
Only one direction is shown: for GAB, our book for it lists positions totalling 115.3% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
Most of FELC is already inside GAB. Owning both mostly buys the same companies twice.
The two holdings books were reported 185 days apart, FELC as of Oct 2, 2026 and GAB as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
117 positions in common, counted across the 300 positions we hold weights for in FELC and 655 in GAB, against full books of 590 and 682.
Top Shared Holdings
| Stock | Weight in FELC | Weight in GAB | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 0.08% | 8.85% |
| AAPLApple, Inc | 7.73% | 0.09% | 7.64% |
| MSFTMicrosoft Corp | 5.08% | 0.15% | 4.93% |
| AMEAmetek Inc | 0.42% | 3.66% | 3.24% |
| AMZNAmazon.Com Inc | 3.83% | 0.13% | 3.70% |
| MAMastercard Inc. Cl A | 1.10% | 2.49% | 1.39% |
| AVGOBroadcom Inc | 2.80% | 0.10% | 2.70% |
| METAMeta Platforms Inc Class A | 2.38% | 0.37% | 2.01% |
| TXNTexas Instruments, Inc | 0.73% | 1.89% | 1.16% |
| GOOGAlphabet Inc Cl C | 2.12% | 0.47% | 1.65% |
75.1% of FELC is already inside GAB.
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, FELC or GAB?
FELC has an expense ratio of 0.18% while GAB charges 1.50%. FELC is the cheaper option, by $132 a year on a $10,000 investment.
Which performed better, FELC or GAB?
Over the past year FELC returned +19.54% vs -4.60% for GAB, so FELC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or GAB?
FELC has been the more volatile fund at 11.7% annualized versus 11.6% for GAB. Worst drawdown: FELC -18.6% vs GAB -13.8%.
Should I hold both FELC and GAB?
FELC and GAB have a monthly-return correlation of 0.53, 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 FELC and GAB?
At least 75.1% of FELC's money is in holdings GAB also owns. Our book for GAB is partial, so the real figure is this or higher. They hold 117 positions in common, counted across the 300 positions we hold weights for in FELC and 655 in GAB.
Which pays a higher dividend, FELC or GAB?
FELC yields 0.83% while GAB yields 10.96%, so GAB currently pays the higher dividend yield.
Is GAB better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.