FELC vs NDVG
Fidelity Enhanced Large Cap Core ETF vs Nuveen Dividend Growth ETF
Which is better, FELC or NDVG?
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 43.3%.
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 | NDVG |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.65% |
| AUM | $8.6B | $13M |
| Dividend Yield | 0.83% | 1.09% |
| Holdings | 590 | 43 |
| Volatility (annualized) | 10.9% | 9.6%Best |
| Max Drawdown | -18.6% | -14.9%Best |
| $10,000 over 2.4 years | $15,017Best | $12,944 |
| Top 10 Weight | 40.1%Best | 43.3% |
| Fund Family | Fidelity Investments (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 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 NDVG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Nov 20, 2023 to Apr 6, 2026 (2.4 years).
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 10.9% compared with 9.6% for NDVG. 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 -14.9% for NDVG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while NDVG charges 0.65%. On a $10,000 position that is $18 vs $65 annually, a gap of $47 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 1.09% for NDVG.
Holdings Overlap
27.1% of FELC's money is in holdings NDVG also owns. 68.8% of NDVG's money is in holdings FELC also owns.
The two portfolios partly overlap.
The two holdings books were reported 275 days apart, FELC as of Oct 2, 2026 and NDVG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
27 positions in common, counted across the 300 positions we hold weights for in FELC and 41 in NDVG, against full books of 590 and 43.
What only one of them owns
Our book lists 10 positions for NDVG that do not appear in our book for FELC (19.7% of the fund), and 192 for FELC that do not appear in NDVG (72.3%).
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 NDVG | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.73% | 6.70% | 1.03% |
| MSFTMicrosoft Corp | 5.08% | 7.90% | 2.82% |
| AVGOBroadcom Inc | 2.80% | 5.85% | 3.05% |
| JPMJpmorgan Chase | 1.71% | 4.24% | 2.53% |
| APHAmphenol Corp. Class A | 0.47% | 3.60% | 3.13% |
| METAMeta Platforms Inc | 2.38% | 1.51% | 0.87% |
| MAMastercard Inc | 1.10% | 2.76% | 1.66% |
| ABBVAbbvie Inc. | 0.83% | 2.57% | 1.74% |
| XOMExxonmobil Corp. | 1.00% | 1.90% | 0.90% |
| TTTrane Technologies PLC|125 | 0.69% | 1.97% | 1.28% |
68.8% of NDVG 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 NDVG?
FELC has an expense ratio of 0.18% while NDVG charges 0.65%. FELC is the cheaper option, by $47 a year on a $10,000 investment.
Which is riskier, FELC or NDVG?
FELC has been the more volatile fund at 10.9% annualized versus 9.6% for NDVG. Worst drawdown: FELC -18.6% vs NDVG -14.9%.
Should I hold both FELC and NDVG?
FELC and NDVG have a monthly-return correlation of 0.65, 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 NDVG?
68.8% of NDVG's money is in holdings FELC also owns. 68.8% of NDVG's is in holdings FELC also owns. They hold 27 positions in common, counted across the 300 positions we hold weights for in FELC and 41 in NDVG.
Which pays a higher dividend, FELC or NDVG?
FELC yields 0.83% while NDVG yields 1.09%, so NDVG currently pays the higher dividend yield.
Is NDVG 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 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.