FELC vs GGTL
Fidelity Enhanced Large Cap Core ETF vs Gabelli Global Technology Leaders ETF
Which is better, FELC or GGTL?
Each has led over a different period.
GGTL has a lower expense ratio. FELC led over 3Y and the full window, GGTL over 1Y.
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 | GGTL |
|---|---|---|
| Expense Ratio | 0.18% | 0.00%Best |
| AUM | $8.6B | $16M |
| Dividend Yield | 0.83% | 0.82% |
| Holdings | 590 | 149 |
| YTD Return | +14.93% | +21.53%Best |
| 1Y Return | +19.54% | +22.76%Best |
| 3Y Return (annualized) | +22.11%Best | +20.64% |
| Volatility (annualized) | 11.7%Best | 19.6% |
| Max Drawdown | -18.6%Best | -21.5% |
| $10,000 over 2.9 years | $17,848Best | $17,603 |
| 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: 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 GGTL 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 GGTL Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Gabelli Global Technology Leaders ETF (GGTL) is an ETF from Gabelli Funds. Over the past year FELC returned +19.54% while GGTL returned +22.76%. Year to date, FELC is up 14.93% versus a gain of 21.53% for GGTL.
Over three years, FELC compounded at +22.11% per year against +20.64% for GGTL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGTL has been the more volatile fund, with annualized monthly volatility of 19.6% 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 -21.5% for GGTL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while GGTL 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 0.82% for GGTL.
Holdings Overlap
At least 31.3% of FELC's money is in holdings GGTL also owns.
Stated as a floor: for GGTL, our book for it covers 85.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
18 positions in common, counted across the 300 positions we hold weights for in FELC and 70 in GGTL, against full books of 590 and 149.
Top Shared Holdings
| Stock | Weight in FELC | Weight in GGTL | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.93% | 2.32% | 6.61% |
| MSFTMicrosoft Corp | 5.08% | 1.84% | 3.24% |
| AMDAdvanced Micro Devices Inc | 0.99% | 4.54% | 3.55% |
| AVGOBroadcom Inc | 2.80% | 2.65% | 0.15% |
| AMZNAmazon.Com Inc | 3.83% | 0.84% | 2.99% |
| MUMicron Technology, Inc. | 2.04% | 1.72% | 0.32% |
| GOOGLAlphabet Inc | 3.35% | 0.31% | 3.04% |
| ANETArista Networks Inc. | 0.43% | 3.15% | 2.72% |
| ORCLOracle Corp - Common | 0.13% | 3.16% | 3.03% |
| FTNTFortinet Inc | 0.73% | 1.99% | 1.26% |
31.3% of FELC is already inside GGTL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, FELC or GGTL?
FELC has an expense ratio of 0.18% while GGTL charges 0.00%. GGTL is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, FELC or GGTL?
Over the past year FELC returned +19.54% vs +22.76% for GGTL, so GGTL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or GGTL?
GGTL has been the more volatile fund at 19.6% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs GGTL -21.5%.
Should I hold both FELC and GGTL?
FELC and GGTL have a monthly-return correlation of 0.77, 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 GGTL?
At least 31.3% of FELC's money is in holdings GGTL also owns. Our book for GGTL is partial, so the real figure is this or higher. They hold 18 positions in common, counted across the 300 positions we hold weights for in FELC and 70 in GGTL.
Which pays a higher dividend, FELC or GGTL?
FELC yields 0.83% while GGTL yields 0.82%, so FELC currently pays the higher dividend yield.
Is GGTL better than FELC?
GGTL has a lower expense ratio. FELC led over 3Y and the full window, GGTL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.