FELC vs GDE
Fidelity Enhanced Large Cap Core ETF vs WisdomTree Efficient Gold Plus Equity Strategy Fund
Which is better, FELC or GDE?
Each has led over a different period.
FELC has a lower expense ratio. FELC led over 1Y, GDE over 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 | GDE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.20% |
| AUM | $8.6B | $462M |
| Dividend Yield | 0.83% | 4.19% |
| Holdings | 590 | 506 |
| YTD Return | +14.93%Best | +2.61% |
| 1Y Return | +19.54%Best | +8.95% |
| 3Y Return (annualized) | +22.11% | +43.62%Best |
| Volatility (annualized) | 11.7%Best | 19.7% |
| Max Drawdown | -18.6%Best | -22.7% |
| $10,000 over 2.9 years | $17,848 | $27,975Best |
| Fund Family | Fidelity Investments (US) | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Mar 17, 2022 |
Not shown on this pair: 5Y Return (annualized), 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 GDE 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 GDE Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an ETF from WisdomTree Investments. Over the past year FELC returned +19.54% while GDE returned +8.95%. Year to date, FELC is up 14.93% versus a gain of 2.61% for GDE.
Over three years, FELC compounded at +22.11% per year against +43.62% for GDE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDE has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 11.7% 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 -22.7% for GDE. 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 GDE charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 4.19% for GDE.
Holdings Overlap
At least 88.0% of FELC's money is in holdings GDE also owns.
Stated as a floor: for GDE, our book for it covers 93.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of FELC is already inside GDE. Owning both mostly buys the same companies twice.
191 positions in common, counted across the 300 positions we hold weights for in FELC and 492 in GDE, against full books of 590 and 506.
Top Shared Holdings
| Stock | Weight in FELC | Weight in GDE | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 7.39% | 1.54% |
| AAPLApple, Inc | 7.73% | 7.10% | 0.63% |
| MSFTMicrosoft Corp | 5.08% | 5.26% | 0.18% |
| GOOGLAlphabet Inc Cl A | 3.35% | 5.94% | 2.59% |
| AMZNAmazon.Com Inc | 3.83% | 3.67% | 0.16% |
| AVGOBroadcom Inc | 2.80% | 2.14% | 0.66% |
| METAMeta Platforms Inc Class A | 2.38% | 2.31% | 0.07% |
| BRK.BBerkshire Hathaway, Inc. | 1.89% | 1.56% | 0.33% |
| MUMicron Technology Inc . | 2.04% | 1.40% | 0.64% |
| LLYEli Lilly & Co. | 1.74% | 1.57% | 0.17% |
88.0% of FELC is already inside GDE.
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 GDE?
FELC has an expense ratio of 0.18% while GDE charges 0.20%. FELC is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, FELC or GDE?
Over the past year FELC returned +19.54% vs +8.95% for GDE, 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 GDE?
GDE has been the more volatile fund at 19.7% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs GDE -22.7%.
Should I hold both FELC and GDE?
FELC and GDE 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 GDE?
At least 88.0% of FELC's money is in holdings GDE also owns. Our book for GDE is partial, so the real figure is this or higher. They hold 191 positions in common, counted across the 300 positions we hold weights for in FELC and 492 in GDE.
Which pays a higher dividend, FELC or GDE?
FELC yields 0.83% while GDE yields 4.19%, so GDE currently pays the higher dividend yield.
Is GDE better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, GDE over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.