FELC vs OALC
Fidelity Enhanced Large Cap Core ETF vs OneAscent Large Cap Core ETF
Which is better, FELC or OALC?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over the full window, OALC over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.96. OALC is less concentrated, with 34.0% 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 | OALC |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.49% |
| AUM | $8.6B | $280M |
| Dividend Yield | 0.83% | 0.52% |
| Holdings | 590 | 424 |
| YTD Return | +14.93% | +16.12%Best |
| 1Y Return | +19.54% | +19.96%Best |
| 3Y Return (annualized) | +22.11% | +22.66%Best |
| 5Y Return (annualized) | - | +11.01% |
| Volatility (annualized) | 11.7%Best | 12.1% |
| Max Drawdown | -18.6% | -17.6%Best |
| $10,000 over 2.9 years | $17,848Best | $17,716 |
| Top 10 Weight | 40.1% | 34.0%Best |
| Fund Family | Fidelity Investments (US) | OneAscent Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Nov 15, 2021 |
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 OALC 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 OALC Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and OneAscent Large Cap Core ETF (OALC) is an ETF from OneAscent Investments. Over the past year FELC returned +19.54% while OALC returned +19.96%. Year to date, FELC is up 14.93% versus a gain of 16.12% for OALC.
Over three years, FELC compounded at +22.11% per year against +22.66% for OALC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OALC has been the more volatile fund, with annualized monthly volatility of 12.1% 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 -17.6% for OALC. 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 OALC charges 0.49%. On a $10,000 position that is $18 vs $49 annually, a gap of $31 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.52% for OALC.
Holdings Overlap
68.8% of FELC's money is in holdings OALC also owns. 77.5% of OALC's money is in holdings FELC also owns.
Most of OALC is already inside FELC. Owning both mostly buys the same companies twice.
118 positions in common, counted across the 300 positions we hold weights for in FELC and 211 in OALC, against full books of 590 and 424.
What only one of them owns
Our book lists 91 positions for OALC that do not appear in our book for FELC (21.4% of the fund), and 108 for FELC that do not appear in OALC (30.0%).
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 OALC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.93% | 8.63% | 0.30% |
| MSFTMicrosoft Corp | 5.08% | 6.37% | 1.29% |
| AMZNAmazon.Com Inc | 3.83% | 3.83% | 0.00% |
| GOOGLAlphabet Inc | 3.35% | 3.20% | 0.15% |
| AVGOBroadcom Inc | 2.80% | 2.61% | 0.19% |
| GOOGAlphabet Inc. C | 2.12% | 2.59% | 0.47% |
| MUMicron Technology, Inc. | 2.04% | 1.87% | 0.17% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.89% | 1.51% | 0.38% |
| LLYEli Lilly & Co. | 1.74% | 1.64% | 0.10% |
| JPMJpmorgan Chase | 1.71% | 1.62% | 0.09% |
77.5% of OALC 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 OALC?
FELC has an expense ratio of 0.18% while OALC charges 0.49%. FELC is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, FELC or OALC?
Over the past year FELC returned +19.54% vs +19.96% for OALC, so OALC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or OALC?
OALC has been the more volatile fund at 12.1% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs OALC -17.6%.
Should I hold both FELC and OALC?
FELC and OALC 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 OALC?
77.5% of OALC's money is in holdings FELC also owns. 77.5% of OALC's is in holdings FELC also owns. They hold 118 positions in common, counted across the 300 positions we hold weights for in FELC and 211 in OALC.
Which pays a higher dividend, FELC or OALC?
FELC yields 0.83% while OALC yields 0.52%, so FELC currently pays the higher dividend yield.
Is OALC better than FELC?
FELC has a lower expense ratio. FELC led over the full window, OALC over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.96. OALC is less concentrated, with 34.0% 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.