FELC vs PWRD
Fidelity Enhanced Large Cap Core ETF vs TCW Transform Systems ETF
Which is better, FELC or PWRD?
Each has led over a different period.
FELC has a lower expense ratio. FELC led over 1Y, PWRD over 3Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 50.6%.
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 | PWRD |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $8.6B | $1.5B |
| Dividend Yield | 0.83% | 0.06% |
| Holdings | 590 | 56 |
| YTD Return | +14.93%Best | +3.29% |
| 1Y Return | +19.54%Best | +2.06% |
| 3Y Return (annualized) | +22.11% | +25.66%Best |
| Volatility (annualized) | 11.7%Best | 22.2% |
| Max Drawdown | -18.6%Best | -25.9% |
| $10,000 over 2.9 years | $17,848 | $19,127Best |
| Top 10 Weight | 40.1%Best | 50.6% |
| Fund Family | Fidelity Investments (US) | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Feb 2, 2022 |
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 14, 2026 (2.9 years).
FELC vs PWRD 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 PWRD Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year FELC returned +19.54% while PWRD returned +2.06%. Year to date, FELC is up 14.93% versus a gain of 3.29% for PWRD.
Over three years, FELC compounded at +22.11% per year against +25.66% for PWRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -25.9% for PWRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FELC charges 0.18% per year while PWRD charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.06% for PWRD.
Holdings Overlap
8.6% of FELC's money is in holdings PWRD also owns. 59.4% of PWRD's money is in holdings FELC also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 300 positions we hold weights for in FELC and 28 in PWRD, against full books of 590 and 56.
What only one of them owns
Our book lists 7 positions for PWRD that do not appear in our book for FELC (22.0% of the fund), and 205 for FELC that do not appear in PWRD (90.7%).
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 PWRD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.70% | 8.02% | 7.32% |
| AVGOBroadcom Inc | 2.80% | 3.79% | 0.99% |
| ANETArista Networks Inc Common Stock | 0.43% | 5.72% | 5.29% |
| AMATApplied Materials, Inc. | 0.73% | 4.88% | 4.15% |
| KLACKla-tencor | 0.02% | 5.32% | 5.30% |
| XOMExxonmobil Corp. | 1.00% | 3.35% | 2.35% |
| GEVGe Vernova, Inc. | 0.74% | 3.56% | 2.82% |
| TTTrane Technologies PLC|125 | 0.69% | 3.58% | 2.89% |
| ETNEaton Corp Plc | 0.28% | 3.75% | 3.47% |
| VRTVertiv Holdings Co | 0.00% | 3.89% | 3.89% |
59.4% of PWRD 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 PWRD?
FELC has an expense ratio of 0.18% while PWRD charges 0.75%. FELC is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, FELC or PWRD?
Over the past year FELC returned +19.54% vs +2.06% for PWRD, 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 PWRD?
PWRD has been the more volatile fund at 22.2% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs PWRD -25.9%.
Should I hold both FELC and PWRD?
FELC and PWRD have a monthly-return correlation of 0.63, 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 PWRD?
59.4% of PWRD's money is in holdings FELC also owns. 59.4% of PWRD's is in holdings FELC also owns. They hold 15 positions in common, counted across the 300 positions we hold weights for in FELC and 28 in PWRD.
Which pays a higher dividend, FELC or PWRD?
FELC yields 0.83% while PWRD yields 0.06%, so FELC currently pays the higher dividend yield.
Is PWRD better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, PWRD over 3Y and the full window. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 50.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.