FELC vs NANC
Fidelity Enhanced Large Cap Core ETF vs Subversive Congressional Democrats Trading ETF
Which is better, FELC or NANC?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over 1Y, NANC over 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. FELC is less concentrated, with 38.8% of the fund in its ten largest positions against 46.8%.
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 | NANC |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.72% |
| AUM | $8.5B | $296M |
| Dividend Yield | 0.81% | 0.18% |
| Holdings | 590 | 181 |
| YTD Return | +16.14%Best | +15.70% |
| 1Y Return | +20.54%Best | +17.90% |
| 3Y Return (annualized) | +22.58% | +24.65%Best |
| Volatility (annualized) | 11.7%Best | 14.0% |
| Max Drawdown | -18.6%Best | -20.9% |
| $10,000 over 2.9 years | $18,047 | $18,365Best |
| Top 10 Weight | 38.8%Best | 46.8% |
| Fund Family | Fidelity Investments (US) | Subversive Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Feb 7, 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 13, 2026 (2.9 years).
FELC vs NANC 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 NANC Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Subversive Congressional Democrats Trading ETF (NANC) is an ETF from Subversive Capital. Over the past year FELC returned +20.54% while NANC returned +17.90%. Year to date, FELC is up 16.14% versus a gain of 15.70% for NANC.
Over three years, FELC compounded at +22.58% per year against +24.65% for NANC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NANC has been the more volatile fund, with annualized monthly volatility of 14.0% 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 -20.9% for NANC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 NANC charges 0.72%. On a $10,000 position that is $18 vs $72 annually, a gap of $54 per year that compounds over a long holding period. On income, FELC currently yields 0.81% against 0.18% for NANC.
Holdings Overlap
55.1% of FELC's money is in holdings NANC also owns. 77.0% of NANC's money is in holdings FELC also owns.
Most of NANC is already inside FELC. Owning both mostly buys the same companies twice.
54 positions in common, counted across the 278 positions we hold weights for in FELC and 89 in NANC, against full books of 590 and 181.
What only one of them owns
Our book lists 32 positions for NANC that do not appear in our book for FELC (21.2% of the fund), and 161 for FELC that do not appear in NANC (41.3%).
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 NANC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.36% | 8.19% | 0.17% |
| AAPLApple, Inc | 7.79% | 4.54% | 3.25% |
| MSFTMicrosoft Corp | 4.95% | 6.71% | 1.76% |
| AMZNAmazon.Com Inc | 3.91% | 4.89% | 0.98% |
| GOOGAlphabet Inc. C | 2.12% | 6.04% | 3.92% |
| CRWDCrowdstrike Holdings Inc | 0.27% | 4.15% | 3.88% |
| METAMeta Platforms Inc | 2.18% | 2.22% | 0.04% |
| LLYEli Lilly & Co. | 1.70% | 2.48% | 0.78% |
| MUMicron Technology, Inc. | 1.68% | 2.31% | 0.63% |
| AMATApplied Materials, Inc. | 0.17% | 3.70% | 3.53% |
77.0% of NANC 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 NANC?
FELC has an expense ratio of 0.18% while NANC charges 0.72%. FELC is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, FELC or NANC?
Over the past year FELC returned +20.54% vs +17.90% for NANC, 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 NANC?
NANC has been the more volatile fund at 14.0% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs NANC -20.9%.
Should I hold both FELC and NANC?
FELC and NANC have a monthly-return correlation of 0.96, 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 NANC?
77.0% of NANC's money is in holdings FELC also owns. 77.0% of NANC's is in holdings FELC also owns. They hold 54 positions in common, counted across the 278 positions we hold weights for in FELC and 89 in NANC.
Which pays a higher dividend, FELC or NANC?
FELC yields 0.81% while NANC yields 0.18%, so FELC currently pays the higher dividend yield.
Is NANC better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, NANC over 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. FELC is less concentrated, with 38.8% of the fund in its ten largest positions against 46.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.