FELC vs POWA
Fidelity Enhanced Large Cap Core ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, FELC or POWA?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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 | POWA |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.40% |
| AUM | $8.6B | $162M |
| Dividend Yield | 0.83% | 0.98% |
| Holdings | 590 | 106 |
| YTD Return | +14.93%Best | -0.75% |
| 1Y Return | +19.54%Best | -0.04% |
| 3Y Return (annualized) | +22.11%Best | +10.97% |
| 5Y Return (annualized) | - | +6.65% |
| Volatility (annualized) | 11.7% | 11.0%Best |
| Max Drawdown | -18.6% | -15.7%Best |
| $10,000 over 2.9 years | $17,848Best | $13,460 |
| Top 10 Weight | 40.1% | 22.9%Best |
| Fund Family | Fidelity Investments (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Dec 15, 2006 |
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 POWA 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 POWA Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year FELC returned +19.54% while POWA returned -0.04%. Year to date, FELC is up 14.93% versus a loss of 0.75% for POWA.
Over three years, FELC compounded at +22.11% per year against +10.97% for POWA.
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 11.0% for POWA. 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 -15.7% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while POWA charges 0.40%. On a $10,000 position that is $18 vs $40 annually, a gap of $22 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.98% for POWA.
Holdings Overlap
9.3% of FELC's money is in holdings POWA also owns. 48.5% of POWA's money is in holdings FELC also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 300 positions we hold weights for in FELC and 51 in POWA, against full books of 590 and 106.
What only one of them owns
Our book lists 27 positions for POWA that do not appear in our book for FELC (51.5% of the fund), and 197 for FELC that do not appear in POWA (90.0%).
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 POWA | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.08% | 2.26% | 2.82% |
| KEYSKeysight Technologies Inc. | 0.40% | 2.55% | 2.15% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.46% | 2.29% | 1.83% |
| AMEAmetek Inc | 0.42% | 2.19% | 1.77% |
| ADBEAdobe Systems | 0.64% | 1.85% | 1.21% |
| KLACKla-tencor | 0.02% | 2.34% | 2.32% |
| GDDYGodaddy Inc. Class A | 0.15% | 2.13% | 1.98% |
| PWRQuanta Services Inc | 0.14% | 2.12% | 1.98% |
| GDGeneral Dynamics Corp. | 0.44% | 1.78% | 1.34% |
| FASTFastenal Co. | 0.09% | 2.09% | 2.00% |
48.5% of POWA 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 POWA?
FELC has an expense ratio of 0.18% while POWA charges 0.40%. FELC is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, FELC or POWA?
Over the past year FELC returned +19.54% vs -0.04% for POWA, 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 POWA?
FELC has been the more volatile fund at 11.7% annualized versus 11.0% for POWA. Worst drawdown: FELC -18.6% vs POWA -15.7%.
Should I hold both FELC and POWA?
FELC and POWA have a monthly-return correlation of 0.69, 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 POWA?
48.5% of POWA's money is in holdings FELC also owns. 48.5% of POWA's is in holdings FELC also owns. They hold 24 positions in common, counted across the 300 positions we hold weights for in FELC and 51 in POWA.
Which pays a higher dividend, FELC or POWA?
FELC yields 0.83% while POWA yields 0.98%, so POWA currently pays the higher dividend yield.
Is POWA better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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.