FELC vs SCHX
Fidelity Enhanced Large Cap Core ETF vs Schwab US Large-Cap ETF
Which is better, FELC or SCHX?
Nearly the same fund. SCHX costs less.
SCHX has a lower expense ratio. FELC led over 1Y and the full window, SCHX over 3Y. The two have moved almost in lockstep, correlation 0.99. SCHX is less concentrated, with 36.9% 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 | SCHX |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $8.6B | $75.3B |
| Dividend Yield | 0.83% | 1.04% |
| Holdings | 590 | 752 |
| YTD Return | +14.93%Best | +13.08% |
| 1Y Return | +19.54%Best | +16.62% |
| 3Y Return (annualized) | +22.11% | +22.27%Best |
| 5Y Return (annualized) | - | +12.56% |
| Volatility (annualized) | 11.7%Tie | 11.7%Tie |
| Max Drawdown | -18.6%Best | -19.0% |
| $10,000 over 2.9 years | $17,848Best | $17,540 |
| Top 10 Weight | 40.1% | 36.9%Best |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Nov 3, 2009 |
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 SCHX 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 SCHX Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year FELC returned +19.54% while SCHX returned +16.62%. Year to date, FELC is up 14.93% versus a gain of 13.08% for SCHX.
Over three years, FELC compounded at +22.11% per year against +22.27% for SCHX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELC and SCHX have been equally volatile, both at 11.7% annualized.
The deepest peak-to-trough decline in our data was -18.6% for FELC and -19.0% for SCHX. 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 SCHX charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 1.04% for SCHX.
Holdings Overlap
95.5% of FELC's money is in holdings SCHX also owns. 76.8% of SCHX's money is in holdings FELC also owns.
Most of FELC is already inside SCHX. Owning both mostly buys the same companies twice.
247 positions in common, counted across the 300 positions we hold weights for in FELC and 752 in SCHX, against full books of 590 and 752.
What only one of them owns
Our book lists 484 positions for SCHX that do not appear in our book for FELC (22.5% of the fund), and 22 for FELC that do not appear in SCHX (3.4%).
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 SCHX | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 8.93% | 8.02% | 0.91% |
| AAPLApple, Inc | 7.73% | 6.90% | 0.83% |
| MSFTMicrosoft Corp | 5.08% | 5.44% | 0.36% |
| AMZNAmazon.Com Inc | 3.83% | 3.50% | 0.33% |
| GOOGLAlphabet Inc Cl A | 3.35% | 2.86% | 0.49% |
| AVGOBroadcom Inc | 2.80% | 2.40% | 0.40% |
| METAMeta Platforms Inc Class A | 2.38% | 2.28% | 0.10% |
| GOOGAlphabet Inc Cl C | 2.12% | 2.29% | 0.17% |
| MUMicron Technology Inc . | 2.04% | 1.72% | 0.32% |
| BRK.BBerkshire Hathaway, Inc. | 1.89% | 1.33% | 0.56% |
95.5% of FELC is already inside SCHX.
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 SCHX?
FELC has an expense ratio of 0.18% while SCHX charges 0.03%. SCHX is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FELC or SCHX?
Over the past year FELC returned +19.54% vs +16.62% for SCHX, 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 SCHX?
FELC and SCHX have been equally volatile, both at 11.7% annualized. Worst drawdown: FELC -18.6% vs SCHX -19.0%.
Should I hold both FELC and SCHX?
FELC and SCHX 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 SCHX?
95.5% of FELC's money is in holdings SCHX also owns. 76.8% of SCHX's is in holdings FELC also owns. They hold 247 positions in common, counted across the 300 positions we hold weights for in FELC and 752 in SCHX.
Which pays a higher dividend, FELC or SCHX?
FELC yields 0.83% while SCHX yields 1.04%, so SCHX currently pays the higher dividend yield.
Is SCHX better than FELC?
SCHX has a lower expense ratio. FELC led over 1Y and the full window, SCHX over 3Y. The two have moved almost in lockstep, correlation 0.99. SCHX is less concentrated, with 36.9% 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.