FELC vs GAST
Fidelity Enhanced Large Cap Core ETF vs Gabelli Automation ETF
Which is better, FELC or GAST?
Each has led over a different period.
GAST has a lower expense ratio. FELC led over the full window, GAST over 1Y. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 44.1%.
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 | FELC | GAST |
|---|---|---|
| Expense Ratio | 0.18% | 0.00%Best |
| AUM | $8.6B | $5M |
| Dividend Yield | 0.83% | 0.63% |
| Holdings | 590 | 49 |
| Volatility (annualized) | 10.7%Best | 16.8% |
| Max Drawdown | -18.6%Best | -21.5% |
| $10,000 over 2.1 years | $15,543Best | $14,422 |
| Top 10 Weight | 40.1%Best | 44.1% |
| Fund Family | Fidelity Investments (US) | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 5, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 306 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FELC has data through Oct 14, 2026 and GAST through Dec 12, 2025.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Nov 20, 2023 to Dec 12, 2025 (2.1 years).
Risk: Volatility and Drawdowns
GAST has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 10.7% for FELC. 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 -21.5% for GAST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while GAST charges 0.00%. On a $10,000 position that is $18 vs $0 annually, a gap of $18 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.63% for GAST.
Holdings Overlap
8.9% of FELC's money is in holdings GAST also owns. 21.2% of GAST's money is in holdings FELC also owns.
GAST and FELC share little of their money.
The two holdings books were reported 367 days apart, FELC as of Oct 2, 2026 and GAST as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
10 positions in common, counted across the 300 positions we hold weights for in FELC and 49 in GAST, against full books of 590 and 49.
What only one of them owns
Our book lists 32 positions for GAST that do not appear in our book for FELC (63.1% of the fund), and 209 for FELC that do not appear in GAST (90.5%).
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 FELC | Weight in GAST | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc | 3.35% | 3.29% | 0.06% |
| AMZNAmazon.Com Inc | 3.83% | 1.68% | 2.15% |
| ROKRockwell Automation | 0.00% | 4.65% | 4.65% |
| AMEAmetek Inc | 0.42% | 3.46% | 3.04% |
| ORCLOracle Corp - Common | 0.13% | 3.71% | 3.58% |
| NOCNorthrop Grumman Corp. | 0.14% | 1.71% | 1.57% |
| TXNTexas Instrument Inc | 0.73% | 0.90% | 0.17% |
| OXYOccidental Petroleum Corp. | 0.29% | 0.67% | 0.38% |
| NDAQNasdaq Inc. | 0.00% | 0.66% | 0.66% |
| HALHalliburton Co. | 0.01% | 0.47% | 0.46% |
21.2% of GAST 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, FELC or GAST?
FELC has an expense ratio of 0.18% while GAST charges 0.00%. GAST is the cheaper option, by $18 a year on a $10,000 investment.
Which is riskier, FELC or GAST?
GAST has been the more volatile fund at 16.8% annualized versus 10.7% for FELC. Worst drawdown: FELC -18.6% vs GAST -21.5%.
Should I hold both FELC and GAST?
FELC and GAST have a monthly-return correlation of 0.82, 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 GAST?
21.2% of GAST's money is in holdings FELC also owns. 21.2% of GAST's is in holdings FELC also owns. They hold 10 positions in common, counted across the 300 positions we hold weights for in FELC and 49 in GAST.
Which pays a higher dividend, FELC or GAST?
FELC yields 0.83% while GAST yields 0.63%, so FELC currently pays the higher dividend yield.
Is GAST better than FELC?
GAST has a lower expense ratio. FELC led over the full window, GAST over 1Y. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 44.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.