FELC vs LVOL
Fidelity Enhanced Large Cap Core ETF vs American Century Low Volatility ETF
Which is better, FELC or LVOL?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y and the full window.
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 | LVOL |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.29% |
| AUM | $8.6B | $9M |
| Dividend Yield | 0.83% | 1.09% |
| Holdings | 590 | 201 |
| Volatility (annualized) | 13.1% | 11.6%Best |
| Max Drawdown | -18.6% | -15.1%Best |
| $10,000 over 1.4 years | $11,822Best | $11,379 |
| Fund Family | Fidelity Investments (US) | American Century Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 12, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FELC has data through Oct 14, 2026 and LVOL through Apr 22, 2025.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Nov 20, 2023 to Apr 22, 2025 (1.4 years).
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 11.6% for LVOL. 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 -15.1% for LVOL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while LVOL 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 1.09% for LVOL.
You are not choosing between two funds in isolation.
Whichever of FELC and LVOL 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 LVOL?
FELC has an expense ratio of 0.18% while LVOL charges 0.29%. FELC is the cheaper option, by $11 a year on a $10,000 investment.
Which is riskier, FELC or LVOL?
FELC has been the more volatile fund at 13.1% annualized versus 11.6% for LVOL. Worst drawdown: FELC -18.6% vs LVOL -15.1%.
Should I hold both FELC and LVOL?
FELC and LVOL have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FELC or LVOL?
FELC yields 0.83% while LVOL yields 1.09%, so LVOL currently pays the higher dividend yield.
Is LVOL better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.