FELC vs MODL
Fidelity Enhanced Large Cap Core ETF vs VictoryShares WestEnd US Sector ETF
Which is better, FELC or MODL?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. MODL is less concentrated, with 34.5% 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 | MODL |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.46% |
| AUM | $8.6B | $1.1B |
| Dividend Yield | 0.83% | 0.70% |
| Holdings | 590 | 724 |
| YTD Return | +14.93%Best | +11.79% |
| 1Y Return | +19.54%Best | +15.41% |
| 3Y Return (annualized) | +22.11%Best | +21.46% |
| Volatility (annualized) | 11.7% | 11.4%Best |
| Max Drawdown | -18.6% | -17.6%Best |
| $10,000 over 2.9 years | $17,848Best | $17,319 |
| Top 10 Weight | 40.1% | 34.5%Best |
| Fund Family | Fidelity Investments (US) | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Oct 11, 2022 |
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 MODL 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 MODL Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and VictoryShares WestEnd US Sector ETF (MODL) is an ETF from Victory Capital Management Inc.. Over the past year FELC returned +19.54% while MODL returned +15.41%. Year to date, FELC is up 14.93% versus a gain of 11.79% for MODL.
Over three years, FELC compounded at +22.11% per year against +21.46% for MODL.
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 MODL. 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 -17.6% for MODL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 MODL charges 0.46%. On a $10,000 position that is $18 vs $46 annually, a gap of $28 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.70% for MODL.
Holdings Overlap
78.3% of FELC's money is in holdings MODL also owns. 72.2% of MODL's money is in holdings FELC also owns.
Most of FELC is already inside MODL. Owning both mostly buys the same companies twice.
133 positions in common, counted across the 300 positions we hold weights for in FELC and 361 in MODL, against full books of 590 and 724.
What only one of them owns
Our book lists 214 positions for MODL that do not appear in our book for FELC (25.9% of the fund), and 98 for FELC that do not appear in MODL (20.5%).
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 MODL | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 6.45% | 2.48% |
| AAPLApple, Inc | 7.73% | 6.16% | 1.57% |
| MSFTMicrosoft Corp | 5.08% | 4.58% | 0.50% |
| GOOGLAlphabet Inc Cl A | 3.35% | 3.12% | 0.23% |
| AMZNAmazon.Com Inc | 3.83% | 2.07% | 1.76% |
| AVGOBroadcom Inc | 2.80% | 2.17% | 0.63% |
| GOOGAlphabet Inc Cl C | 2.12% | 2.69% | 0.57% |
| METAMeta Platforms Inc Class A | 2.38% | 2.22% | 0.16% |
| JPMJpmorgan Chase & Co | 1.71% | 2.30% | 0.59% |
| LLYEli Lilly & Co. | 1.74% | 2.01% | 0.27% |
78.3% of FELC is already inside MODL.
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 MODL?
FELC has an expense ratio of 0.18% while MODL charges 0.46%. FELC is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, FELC or MODL?
Over the past year FELC returned +19.54% vs +15.41% for MODL, 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 MODL?
FELC has been the more volatile fund at 11.7% annualized versus 11.4% for MODL. Worst drawdown: FELC -18.6% vs MODL -17.6%.
Should I hold both FELC and MODL?
FELC and MODL have a monthly-return correlation of 0.98, 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 MODL?
78.3% of FELC's money is in holdings MODL also owns. 72.2% of MODL's is in holdings FELC also owns. They hold 133 positions in common, counted across the 300 positions we hold weights for in FELC and 361 in MODL.
Which pays a higher dividend, FELC or MODL?
FELC yields 0.83% while MODL yields 0.70%, so FELC currently pays the higher dividend yield.
Is MODL 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 0.98. MODL is less concentrated, with 34.5% 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.