FELC vs GSPY
Fidelity Enhanced Large Cap Core ETF vs The Gotham Enhanced 500 ETF
Which is better, FELC or GSPY?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over the full window, GSPY over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.99. GSPY is less concentrated, with 39.2% 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 | GSPY |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.50% |
| AUM | $8.6B | $723M |
| Dividend Yield | 0.83% | 2.28% |
| Holdings | 590 | 1,004 |
| YTD Return | +14.93% | +15.70%Best |
| 1Y Return | +19.54% | +20.41%Best |
| 3Y Return (annualized) | +22.11% | +22.71%Best |
| 5Y Return (annualized) | - | +13.69% |
| Volatility (annualized) | 11.7% | 11.4%Best |
| Max Drawdown | -18.6%Best | -18.7% |
| $10,000 over 2.9 years | $17,848Best | $17,767 |
| Top 10 Weight | 40.1% | 39.2%Best |
| Fund Family | Fidelity Investments (US) | Gotham Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Dec 30, 2016 |
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 GSPY 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 GSPY Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds. Over the past year FELC returned +19.54% while GSPY returned +20.41%. Year to date, FELC is up 14.93% versus a gain of 15.70% for GSPY.
Over three years, FELC compounded at +22.11% per year against +22.71% for GSPY.
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 11.4% for GSPY. 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 -18.7% for GSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 GSPY charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 2.28% for GSPY.
Holdings Overlap
90.1% of FELC's money is in holdings GSPY also owns. 79.3% of GSPY's money is in holdings FELC also owns.
Most of FELC is already inside GSPY. Owning both mostly buys the same companies twice.
195 positions in common, counted across the 300 positions we hold weights for in FELC and 501 in GSPY, against full books of 590 and 1,004.
What only one of them owns
Our book lists 283 positions for GSPY that do not appear in our book for FELC (20.6% of the fund), and 51 for FELC that do not appear in GSPY (8.7%).
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 GSPY | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 6.68% | 2.25% |
| AAPLApple, Inc | 7.73% | 6.97% | 0.76% |
| MSFTMicrosoft Corp | 5.08% | 6.29% | 1.21% |
| AMZNAmazon.Com Inc | 3.83% | 4.57% | 0.74% |
| GOOGLAlphabet Inc Cl A | 3.35% | 4.74% | 1.39% |
| METAMeta Platforms Inc Class A | 2.38% | 2.85% | 0.47% |
| MUMicron Technology Inc . | 2.04% | 2.56% | 0.52% |
| AVGOBroadcom Inc | 2.80% | 1.60% | 1.20% |
| BRK.BBerkshire Hathaway, Inc. | 1.89% | 1.57% | 0.32% |
| JPMJpmorgan Chase & Co | 1.71% | 1.36% | 0.35% |
90.1% of FELC is already inside GSPY.
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 GSPY?
FELC has an expense ratio of 0.18% while GSPY charges 0.50%. FELC is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FELC or GSPY?
Over the past year FELC returned +19.54% vs +20.41% for GSPY, so GSPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or GSPY?
FELC has been the more volatile fund at 11.7% annualized versus 11.4% for GSPY. Worst drawdown: FELC -18.6% vs GSPY -18.7%.
Should I hold both FELC and GSPY?
FELC and GSPY have a monthly-return correlation of 0.99, 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 GSPY?
90.1% of FELC's money is in holdings GSPY also owns. 79.3% of GSPY's is in holdings FELC also owns. They hold 195 positions in common, counted across the 300 positions we hold weights for in FELC and 501 in GSPY.
Which pays a higher dividend, FELC or GSPY?
FELC yields 0.83% while GSPY yields 2.28%, so GSPY currently pays the higher dividend yield.
Is GSPY better than FELC?
FELC has a lower expense ratio. FELC led over the full window, GSPY over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.99. GSPY is less concentrated, with 39.2% 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.