FELC vs USMC
Fidelity Enhanced Large Cap Core ETF vs Principal U.S. Mega-Cap ETF
Which is better, FELC or USMC?
Nearly the same fund. USMC costs less.
USMC has a lower expense ratio. FELC led over 1Y and the full window, USMC over 3Y. The two have moved almost in lockstep, correlation 0.95. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 55.3%.
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 | USMC |
|---|---|---|
| Expense Ratio | 0.18% | 0.12%Best |
| AUM | $8.6B | $5.2B |
| Dividend Yield | 0.83% | 0.74% |
| Holdings | 590 | 58 |
| YTD Return | +14.93%Best | +13.98% |
| 1Y Return | +19.54%Best | +14.91% |
| 3Y Return (annualized) | +22.11% | +22.22%Best |
| 5Y Return (annualized) | - | +14.81% |
| Volatility (annualized) | 11.7% | 11.6%Best |
| Max Drawdown | -18.6%Best | -19.1% |
| $10,000 over 2.9 years | $17,848Best | $17,649 |
| Top 10 Weight | 40.1%Best | 55.3% |
| Fund Family | Fidelity Investments (US) | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Oct 11, 2017 |
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 USMC 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 USMC Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year FELC returned +19.54% while USMC returned +14.91%. Year to date, FELC is up 14.93% versus a gain of 13.98% for USMC.
Over three years, FELC compounded at +22.11% per year against +22.22% for USMC.
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 11.6% for USMC. 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 USMC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 USMC charges 0.12%. On a $10,000 position that is $18 vs $12 annually, a gap of $6 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.74% for USMC.
Holdings Overlap
51.0% of FELC's money is in holdings USMC also owns. 96.2% of USMC's money is in holdings FELC also owns.
Most of USMC is already inside FELC. Owning both mostly buys the same companies twice.
25 positions in common, counted across the 300 positions we hold weights for in FELC and 27 in USMC, against full books of 590 and 58.
What only one of them owns
Our book lists 2 positions for USMC that do not appear in our book for FELC (3.7% of the fund), and 192 for FELC that do not appear in USMC (48.4%).
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 USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.93% | 7.99% | 0.94% |
| AAPLApple, Inc | 7.73% | 7.40% | 0.33% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.08% | 5.55% | 0.47% |
| MUMicron Technology, Inc. | 2.04% | 7.18% | 5.14% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.35% | 5.33% | 1.98% |
| AMZNAmazon.Com Inc | 3.83% | 3.77% | 0.06% |
| AVGOBroadcom Inc | 2.80% | 4.44% | 1.64% |
| JPMJpmorgan Chase | 1.71% | 4.65% | 2.94% |
| METAMeta Platform Inc | 2.38% | 3.92% | 1.54% |
| VVisa Inc-class A Shares | 0.91% | 4.54% | 3.63% |
96.2% of USMC 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 USMC?
FELC has an expense ratio of 0.18% while USMC charges 0.12%. USMC is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, FELC or USMC?
Over the past year FELC returned +19.54% vs +14.91% for USMC, 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 USMC?
FELC has been the more volatile fund at 11.7% annualized versus 11.6% for USMC. Worst drawdown: FELC -18.6% vs USMC -19.1%.
Should I hold both FELC and USMC?
FELC and USMC have a monthly-return correlation of 0.95, 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 USMC?
96.2% of USMC's money is in holdings FELC also owns. 96.2% of USMC's is in holdings FELC also owns. They hold 25 positions in common, counted across the 300 positions we hold weights for in FELC and 27 in USMC.
Which pays a higher dividend, FELC or USMC?
FELC yields 0.83% while USMC yields 0.74%, so FELC currently pays the higher dividend yield.
Is USMC better than FELC?
USMC has a lower expense ratio. FELC led over 1Y and the full window, USMC over 3Y. The two have moved almost in lockstep, correlation 0.95. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 55.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.