FELC vs LBO
Fidelity Enhanced Large Cap Core ETF vs WHITEWOLF Publicly Listed Private Equity ETF
Which is better, FELC or LBO?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 69.2%.
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 | LBO |
|---|---|---|
| Expense Ratio | 0.18%Best | 6.53% |
| AUM | $8.6B | $6M |
| Dividend Yield | 0.83% | 6.27% |
| Holdings | 590 | 40 |
| YTD Return | +15.12%Best | -19.02% |
| 1Y Return | +19.31%Best | -17.20% |
| 3Y Return (annualized) | +22.16% | - |
| Volatility (annualized) | 11.7%Best | 19.7% |
| Max Drawdown | -18.6%Best | -32.9% |
| $10,000 over 2.9 years | $17,860Best | $9,347 |
| Top 10 Weight | 40.1%Best | 69.2% |
| Fund Family | Fidelity Investments (US) | White Wolf Capital Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Nov 30, 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 30, 2023 to Oct 15, 2026 (2.9 years).
FELC vs LBO 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 LBO Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors. Over the past year FELC returned +19.31% while LBO returned -17.20%. Year to date, FELC is up 15.12% versus a loss of 19.02% for LBO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO 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 -32.9% for LBO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while LBO charges 6.53%. On a $10,000 position that is $18 vs $653 annually, a gap of $635 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 6.27% for LBO.
Holdings Overlap
0.1% of FELC's money is in holdings LBO also owns. 7.4% of LBO's money is in holdings FELC also owns.
LBO and FELC share little of their money.
1 positions in common, counted across the 300 positions we hold weights for in FELC and 38 in LBO, against full books of 590 and 40.
What only one of them owns
Our book lists 35 positions for LBO that do not appear in our book for FELC (85.5% of the fund), and 217 for FELC that do not appear in LBO (99.3%).
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 LBO | Difference |
|---|---|---|---|
| KKRKkr & Co. Inc. Class a | 0.13% | 7.37% | 7.24% |
You are not choosing between two funds in isolation.
Whichever of FELC and LBO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FELC or LBO?
FELC has an expense ratio of 0.18% while LBO charges 6.53%. FELC is the cheaper option, by $635 a year on a $10,000 investment.
Which performed better, FELC or LBO?
Over the past year FELC returned +19.31% vs -17.20% for LBO, 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 LBO?
LBO has been the more volatile fund at 19.7% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs LBO -32.9%.
Should I hold both FELC and LBO?
FELC and LBO have a monthly-return correlation of 0.48, 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 LBO?
7.4% of LBO's money is in holdings FELC also owns. 7.4% of LBO's is in holdings FELC also owns. They hold 1 positions in common, counted across the 300 positions we hold weights for in FELC and 38 in LBO.
Which pays a higher dividend, FELC or LBO?
FELC yields 0.83% while LBO yields 6.27%, so LBO currently pays the higher dividend yield.
Is LBO better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 69.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.