FELC vs WBIL
Fidelity Enhanced Large Cap Core ETF vs WBI BullBear Quality 3000 ETF
Which is better, FELC or WBIL?
FELC has been ahead.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. WBIL is less concentrated, with 23.0% 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 | WBIL |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.55% |
| AUM | $8.6B | $30M |
| Dividend Yield | 0.83% | 0.04% |
| Holdings | 590 | 142 |
| YTD Return | +14.93%Best | +14.67% |
| 1Y Return | +19.54%Best | +14.68% |
| 3Y Return (annualized) | +22.11%Best | +10.76% |
| 5Y Return (annualized) | - | +6.30% |
| Volatility (annualized) | 11.7%Best | 14.7% |
| Max Drawdown | -18.6%Best | -25.3% |
| $10,000 over 2.9 years | $17,848Best | $13,443 |
| Top 10 Weight | 40.1% | 23.0%Best |
| Fund Family | Fidelity Investments (US) | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Aug 25, 2014 |
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 WBIL 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 WBIL Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and WBI BullBear Quality 3000 ETF (WBIL) is an ETF from WBI Investments. Over the past year FELC returned +19.54% while WBIL returned +14.68%. Year to date, FELC is up 14.93% versus a gain of 14.67% for WBIL.
Over three years, FELC compounded at +22.11% per year against +10.76% for WBIL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WBIL has been the more volatile fund, with annualized monthly volatility of 14.7% 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 -25.3% for WBIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELC charges 0.18% per year while WBIL charges 1.55%. On a $10,000 position that is $18 vs $155 annually, a gap of $137 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.04% for WBIL.
Holdings Overlap
19.3% of FELC's money is in holdings WBIL also owns. 60.5% of WBIL's money is in holdings FELC also owns.
The two portfolios partly overlap.
38 positions in common, counted across the 300 positions we hold weights for in FELC and 64 in WBIL, against full books of 590 and 142.
What only one of them owns
Our book lists 25 positions for WBIL that do not appear in our book for FELC (36.9% of the fund), and 182 for FELC that do not appear in WBIL (80.0%).
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 WBIL | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 2.04% | 2.38% | 0.34% |
| METAMeta Platform Inc | 2.38% | 1.65% | 0.73% |
| BRK.BBrk/B | 1.89% | 1.92% | 0.03% |
| TTTrane Technologies PLC|125 | 0.69% | 2.17% | 1.48% |
| VVisa Inc-class A Shares | 0.91% | 1.94% | 1.03% |
| NTAPNetapp Inc | 0.56% | 2.25% | 1.69% |
| AMDAdvanced Micro Devices Inc | 0.99% | 1.69% | 0.70% |
| DELLDell Technologies Inc. | 0.16% | 2.51% | 2.35% |
| GILDGilead Sciences | 0.79% | 1.83% | 1.04% |
| APHAmphenol Corp. Class A | 0.47% | 2.10% | 1.63% |
60.5% of WBIL 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 WBIL?
FELC has an expense ratio of 0.18% while WBIL charges 1.55%. FELC is the cheaper option, by $137 a year on a $10,000 investment.
Which performed better, FELC or WBIL?
Over the past year FELC returned +19.54% vs +14.68% for WBIL, 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 WBIL?
WBIL has been the more volatile fund at 14.7% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs WBIL -25.3%.
Should I hold both FELC and WBIL?
FELC and WBIL have a monthly-return correlation of 0.85, 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 WBIL?
60.5% of WBIL's money is in holdings FELC also owns. 60.5% of WBIL's is in holdings FELC also owns. They hold 38 positions in common, counted across the 300 positions we hold weights for in FELC and 64 in WBIL.
Which pays a higher dividend, FELC or WBIL?
FELC yields 0.83% while WBIL yields 0.04%, so FELC currently pays the higher dividend yield.
Is WBIL better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. WBIL is less concentrated, with 23.0% 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.