FELC vs RVRB
Fidelity Enhanced Large Cap Core ETF vs Reverb ETF
Which is better, FELC or RVRB?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. RVRB is less concentrated, with 38.2% 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 | RVRB |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.30% |
| AUM | $8.6B | $5M |
| Dividend Yield | 0.83% | 0.86% |
| Holdings | 590 | 499 |
| Volatility (annualized) | 11.3%Best | 11.4% |
| Max Drawdown | -18.6%Best | -19.1% |
| $10,000 over 2.3 years | $14,556Best | $14,471 |
| Top 10 Weight | 40.1% | 38.2%Best |
| Fund Family | Fidelity Investments (US) | Reverb ETF |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Nov 3, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 202 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 RVRB through Mar 26, 2026.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Nov 20, 2023 to Mar 26, 2026 (2.3 years).
Risk: Volatility and Drawdowns
RVRB has been the more volatile fund, with annualized monthly volatility of 11.4% compared with 11.3% 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 -19.1% for RVRB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 RVRB charges 0.30%. On a $10,000 position that is $18 vs $30 annually, a gap of $12 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.86% for RVRB.
Holdings Overlap
89.5% of FELC's money is in holdings RVRB also owns. 75.5% of RVRB's money is in holdings FELC also owns.
Most of FELC is already inside RVRB. Owning both mostly buys the same companies twice.
The two holdings books were reported 275 days apart, FELC as of Oct 2, 2026 and RVRB as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
190 positions in common, counted across the 300 positions we hold weights for in FELC and 493 in RVRB, against full books of 590 and 499.
What only one of them owns
Our book lists 251 positions for RVRB that do not appear in our book for FELC (20.4% of the fund), and 50 for FELC that do not appear in RVRB (9.3%).
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 RVRB | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 6.78% | 2.15% |
| AAPLApple, Inc | 7.73% | 5.40% | 2.33% |
| MSFTMicrosoft Corp | 5.08% | 5.92% | 0.84% |
| GOOGLAlphabet Inc Cl A | 3.35% | 6.28% | 2.93% |
| AMZNAmazon.Com Inc | 3.83% | 4.24% | 0.41% |
| AVGOBroadcom Inc | 2.80% | 2.52% | 0.28% |
| METAMeta Platforms Inc Class A | 2.38% | 2.13% | 0.25% |
| BRK.BBerkshire Hathaway, Inc. | 1.89% | 1.55% | 0.34% |
| LLYEli Lilly & Co. | 1.74% | 1.42% | 0.32% |
| JPMJpmorgan Chase & Co | 1.71% | 1.27% | 0.44% |
89.5% of FELC is already inside RVRB.
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 RVRB?
FELC has an expense ratio of 0.18% while RVRB charges 0.30%. FELC is the cheaper option, by $12 a year on a $10,000 investment.
Which is riskier, FELC or RVRB?
RVRB has been the more volatile fund at 11.4% annualized versus 11.3% for FELC. Worst drawdown: FELC -18.6% vs RVRB -19.1%.
Should I hold both FELC and RVRB?
FELC and RVRB have a monthly-return correlation of 0.99, 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 RVRB?
89.5% of FELC's money is in holdings RVRB also owns. 75.5% of RVRB's is in holdings FELC also owns. They hold 190 positions in common, counted across the 300 positions we hold weights for in FELC and 493 in RVRB.
Which pays a higher dividend, FELC or RVRB?
FELC yields 0.83% while RVRB yields 0.86%, so RVRB currently pays the higher dividend yield.
Is RVRB better than FELC?
FELC has a lower expense ratio. FELC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. RVRB is less concentrated, with 38.2% 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.