FELC vs PMAP
Fidelity Enhanced Large Cap Core ETF vs PGIM S&P 500 Max Buffer ETF - April
Which is better, FELC or PMAP?
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 | PMAP |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.50% |
| AUM | $8.6B | $5M |
| Dividend Yield | 0.83% | 0.00% |
| Holdings | 590 | 14 |
| YTD Return | +14.93%Best | +4.90% |
| 1Y Return | +19.54%Best | +6.34% |
| 3Y Return (annualized) | +22.11% | - |
| Volatility (annualized) | 11.8% | 1.1%Best |
| Max Drawdown | -12.0% | -1.8%Best |
| $10,000 over 1.5 years | $14,016Best | $11,032 |
| Fund Family | Fidelity Investments (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Mar 31, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 1, 2025 to Oct 14, 2026 (1.5 years).
FELC vs PMAP 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 1.5 years both funds cover.
FELC vs PMAP Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and PGIM S&P 500 Max Buffer ETF - April (PMAP) is an ETF from PGIM Investments. Over the past year FELC returned +19.54% while PMAP returned +6.34%. Year to date, FELC is up 14.93% versus a gain of 4.90% for PMAP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 1.1% for PMAP. 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 -12.0% for FELC and -1.8% for PMAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while PMAP charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.00% for PMAP.
You are not choosing between two funds in isolation.
Whichever of FELC and PMAP 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 PMAP?
FELC has an expense ratio of 0.18% while PMAP charges 0.50%. FELC is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FELC or PMAP?
Over the past year FELC returned +19.54% vs +6.34% for PMAP, so FELC leads on 1-year performance. Over the longest common window we track (2 years), FELC annualized +25.24% vs +6.77% for PMAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELC or PMAP?
FELC has been the more volatile fund at 11.8% annualized versus 1.1% for PMAP. Worst drawdown: FELC -12.0% vs PMAP -1.8%.
Should I hold both FELC and PMAP?
FELC and PMAP have a monthly-return correlation of 0.83, 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 PMAP?
FELC yields 0.83% while PMAP yields 0.00%, so FELC currently pays the higher dividend yield.
Is PMAP 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.