FELC vs GPIX
Fidelity Enhanced Large Cap Core ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, FELC or GPIX?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over 1Y and the full window, GPIX over 3Y. The two have moved almost in lockstep, correlation 0.98. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 40.1%.
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 | GPIX |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.29% |
| AUM | $8.6B | $6.3B |
| Dividend Yield | 0.83% | 8.16% |
| Holdings | 590 | 496 |
| YTD Return | +14.93%Best | +13.52% |
| 1Y Return | +19.54%Best | +17.92% |
| 3Y Return (annualized) | +22.11% | +23.39%Best |
| Volatility (annualized) | 11.7% | 10.1%Best |
| Max Drawdown | -18.6% | -17.5%Best |
| $10,000 over 2.9 years | $17,848Best | $17,207 |
| Top 10 Weight | 40.1% | 38.9%Best |
| Fund Family | Fidelity Investments (US) | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Oct 24, 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).
FELC vs GPIX 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 GPIX Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year FELC returned +19.54% while GPIX returned +17.92%. Year to date, FELC is up 14.93% versus a gain of 13.52% for GPIX.
Over three years, FELC compounded at +22.11% per year against +23.39% for GPIX.
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 10.1% for GPIX. 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 -17.5% for GPIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELC charges 0.18% per year while GPIX charges 0.29%. On a $10,000 position that is $18 vs $29 annually, a gap of $11 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 8.16% for GPIX.
Holdings Overlap
93.9% of FELC's money is in holdings GPIX also owns. 77.4% of GPIX's money is in holdings FELC also owns.
Most of FELC is already inside GPIX. Owning both mostly buys the same companies twice.
199 positions in common, counted across the 300 positions we hold weights for in FELC and 491 in GPIX, against full books of 590 and 496.
What only one of them owns
Our book lists 272 positions for GPIX that do not appear in our book for FELC (22.3% of the fund), and 49 for FELC that do not appear in GPIX (5.7%).
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 FELC | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 8.14% | 0.79% |
| AAPLApple, Inc | 7.73% | 7.41% | 0.32% |
| MSFTMicrosoft Corp | 5.08% | 5.50% | 0.42% |
| AMZNAmazon.Com Inc | 3.83% | 3.83% | 0.00% |
| GOOGLAlphabet Inc Cl A | 3.35% | 3.25% | 0.10% |
| AVGOBroadcom Inc | 2.80% | 2.51% | 0.29% |
| METAMeta Platforms Inc Class A | 2.38% | 1.47% | 0.91% |
| MUMicron Technology Inc . | 2.04% | 1.69% | 0.35% |
| BRK.BBerkshire Hathaway, Inc. | 1.89% | 1.38% | 0.51% |
| GOOGAlphabet Inc Cl C | 2.12% | 1.14% | 0.98% |
93.9% of FELC is already inside GPIX.
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 GPIX?
FELC has an expense ratio of 0.18% while GPIX charges 0.29%. FELC is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FELC or GPIX?
Over the past year FELC returned +19.54% vs +17.92% for GPIX, 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 GPIX?
FELC has been the more volatile fund at 11.7% annualized versus 10.1% for GPIX. Worst drawdown: FELC -18.6% vs GPIX -17.5%.
Should I hold both FELC and GPIX?
FELC and GPIX have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FELC and GPIX?
93.9% of FELC's money is in holdings GPIX also owns. 77.4% of GPIX's is in holdings FELC also owns. They hold 199 positions in common, counted across the 300 positions we hold weights for in FELC and 491 in GPIX.
Which pays a higher dividend, FELC or GPIX?
FELC yields 0.83% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window, GPIX over 3Y. The two have moved almost in lockstep, correlation 0.98. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 40.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.