FELC vs HIDV
Fidelity Enhanced Large Cap Core ETF vs AB US High Dividend ETF
Which is better, FELC or HIDV?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. HIDV is less concentrated, with 36.8% 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 | HIDV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $8.6B | $205M |
| Dividend Yield | 0.83% | 2.56% |
| Holdings | 590 | 108 |
| YTD Return | +14.93%Best | +11.94% |
| 1Y Return | +19.54%Best | +17.30% |
| 3Y Return (annualized) | +22.11%Best | +21.14% |
| Volatility (annualized) | 11.7%Tie | 11.7%Tie |
| Max Drawdown | -18.6%Best | -18.8% |
| $10,000 over 2.9 years | $17,848Best | $17,248 |
| Top 10 Weight | 40.1% | 36.8%Best |
| Fund Family | Fidelity Investments (US) | AllianceBernstein L.P. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Mar 22, 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 HIDV 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 HIDV Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and AB US High Dividend ETF (HIDV) is an ETF from AllianceBernstein L.P.. Over the past year FELC returned +19.54% while HIDV returned +17.30%. Year to date, FELC is up 14.93% versus a gain of 11.94% for HIDV.
Over three years, FELC compounded at +22.11% per year against +21.14% for HIDV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC and HIDV have been equally volatile, both at 11.7% annualized.
The deepest peak-to-trough decline in our data was -18.6% for FELC and -18.8% for HIDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 HIDV charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 2.56% for HIDV.
Holdings Overlap
61.7% of FELC's money is in holdings HIDV also owns. 64.9% of HIDV's money is in holdings FELC also owns.
The two portfolios partly overlap.
51 positions in common, counted across the 300 positions we hold weights for in FELC and 107 in HIDV, against full books of 590 and 108.
What only one of them owns
Our book lists 52 positions for HIDV that do not appear in our book for FELC (33.1% of the fund), and 171 for FELC that do not appear in HIDV (37.7%).
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 HIDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.93% | 9.45% | 0.52% |
| AAPLApple, Inc | 7.73% | 7.03% | 0.70% |
| MSFTMicrosoft Corp | 5.08% | 5.27% | 0.19% |
| AMZNAmazon.Com Inc | 3.83% | 2.92% | 0.91% |
| GOOGLAlphabet Inc | 3.35% | 3.00% | 0.35% |
| MUMicron Technology, Inc. | 2.04% | 2.63% | 0.59% |
| AVGOBroadcom Inc | 2.80% | 1.77% | 1.03% |
| METAMeta Platforms Inc | 2.38% | 1.57% | 0.81% |
| GOOGAlphabet Inc. C | 2.12% | 1.62% | 0.50% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.03% | 1.52% | 0.49% |
64.9% of HIDV 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.
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Frequently Asked Questions
Which is cheaper, FELC or HIDV?
FELC has an expense ratio of 0.18% while HIDV charges 0.35%. FELC is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, FELC or HIDV?
Over the past year FELC returned +19.54% vs +17.30% for HIDV, 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 HIDV?
FELC and HIDV have been equally volatile, both at 11.7% annualized. Worst drawdown: FELC -18.6% vs HIDV -18.8%.
Should I hold both FELC and HIDV?
FELC and HIDV have a monthly-return correlation of 0.94, 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 HIDV?
64.9% of HIDV's money is in holdings FELC also owns. 64.9% of HIDV's is in holdings FELC also owns. They hold 51 positions in common, counted across the 300 positions we hold weights for in FELC and 107 in HIDV.
Which pays a higher dividend, FELC or HIDV?
FELC yields 0.83% while HIDV yields 2.56%, so HIDV currently pays the higher dividend yield.
Is HIDV better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. HIDV is less concentrated, with 36.8% 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.