FELC vs LGHT
Fidelity Enhanced Large Cap Core ETF vs Langar Global Healthtech ETF
Which is better, FELC or LGHT?
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 75.5%.
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 | LGHT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.85% |
| AUM | $8.6B | $2M |
| Dividend Yield | 0.83% | 0.00% |
| Holdings | 590 | 32 |
| YTD Return | +15.12%Best | +12.20% |
| 1Y Return | +19.31%Best | +11.48% |
| 3Y Return (annualized) | +22.16% | - |
| Volatility (annualized) | 11.8%Best | 17.9% |
| Max Drawdown | -18.6%Best | -28.6% |
| $10,000 over 2.8 years | $16,951Best | $11,023 |
| Top 10 Weight | 40.1%Best | 75.5% |
| Fund Family | Fidelity Investments (US) | Langar Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 10, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 10, 2024 to Oct 15, 2026 (2.8 years).
FELC vs LGHT 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 2.8 years both funds cover.
FELC vs LGHT Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Langar Global Healthtech ETF (LGHT) is an ETF from Langar Investment Management. Over the past year FELC returned +19.31% while LGHT returned +11.48%. Year to date, FELC is up 15.12% versus a gain of 12.20% for LGHT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LGHT has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 11.8% 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 -28.6% for LGHT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while LGHT charges 0.85%. On a $10,000 position that is $18 vs $85 annually, a gap of $67 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.00% for LGHT.
Holdings Overlap
0.2% of FELC's money is in holdings LGHT also owns. 21.1% of LGHT's money is in holdings FELC also owns.
LGHT and FELC share little of their money.
3 positions in common, counted across the 300 positions we hold weights for in FELC and 31 in LGHT, against full books of 590 and 32.
What only one of them owns
Our book lists 24 positions for LGHT that do not appear in our book for FELC (68.0% of the fund), and 215 for FELC that do not appear in LGHT (99.2%).
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.
21.1% of LGHT 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FELC or LGHT?
FELC has an expense ratio of 0.18% while LGHT charges 0.85%. FELC is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, FELC or LGHT?
Over the past year FELC returned +19.31% vs +11.48% for LGHT, 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 LGHT?
LGHT has been the more volatile fund at 17.9% annualized versus 11.8% for FELC. Worst drawdown: FELC -18.6% vs LGHT -28.6%.
Should I hold both FELC and LGHT?
FELC and LGHT have a monthly-return correlation of 0.39, 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 LGHT?
21.1% of LGHT's money is in holdings FELC also owns. 21.1% of LGHT's is in holdings FELC also owns. They hold 3 positions in common, counted across the 300 positions we hold weights for in FELC and 31 in LGHT.
Which pays a higher dividend, FELC or LGHT?
FELC yields 0.83% while LGHT yields 0.00%, so FELC currently pays the higher dividend yield.
Is LGHT 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 75.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.