FELC vs XLSR
Fidelity Enhanced Large Cap Core ETF vs State Street US Sector Rotation ETF
Which is better, FELC or XLSR?
Nearly the same fund. FELC costs less.
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 85.3%.
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 | XLSR |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.70% |
| AUM | $8.6B | $1.1B |
| Dividend Yield | 0.83% | 0.45% |
| Holdings | 590 | 26 |
| YTD Return | +14.93%Best | +7.62% |
| 1Y Return | +19.54%Best | +12.95% |
| 3Y Return (annualized) | +22.11%Best | +17.39% |
| 5Y Return (annualized) | - | +9.72% |
| Volatility (annualized) | 11.7%Best | 11.8% |
| Max Drawdown | -18.6%Best | -20.6% |
| $10,000 over 2.9 years | $17,848Best | $15,580 |
| Top 10 Weight | 40.1%Best | 85.3% |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Apr 2, 2019 |
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 XLSR 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 XLSR Performance
Fidelity Enhanced Large Cap Core ETF (FELC) is an ETF from Fidelity Investments (US) and State Street US Sector Rotation ETF (XLSR) is an ETF from State Street Investment Management. Over the past year FELC returned +19.54% while XLSR returned +12.95%. Year to date, FELC is up 14.93% versus a gain of 7.62% for XLSR.
Over three years, FELC compounded at +22.11% per year against +17.39% for XLSR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLSR has been the more volatile fund, with annualized monthly volatility of 11.8% 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 -20.6% for XLSR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 XLSR charges 0.70%. On a $10,000 position that is $18 vs $70 annually, a gap of $52 per year that compounds over a long holding period. On income, FELC currently yields 0.83% against 0.45% for XLSR.
Holdings Overlap
42.4% of FELC's money is in holdings XLSR also owns. 28.2% of XLSR'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 25 in XLSR, against full books of 590 and 26.
What only one of them owns
Measured across the 300 and 25 positions we hold weights for.
FELC holds 202 positions XLSR does not, 57.0% of the fund.
Largest: BRK.B 1.89%, LLY 1.74%, JPM 1.71%, MA 1.10%, CSCO 1.03%
Top Shared Holdings
| Stock | Weight in FELC | Weight in XLSR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.93% | 4.47% | 4.46% |
| AAPLApple, Inc | 7.73% | 4.12% | 3.61% |
| GOOGLAlphabet Inc | 3.35% | 5.17% | 1.82% |
| MSFTMicrosoft Corp | 5.08% | 2.98% | 2.10% |
| GOOGAlphabet Inc. C | 2.12% | 4.02% | 1.90% |
| METAMeta Platforms Inc | 2.38% | 3.03% | 0.65% |
| AMZNAmazon.Com Inc | 3.83% | 0.95% | 2.88% |
| AVGOBroadcom Inc | 2.80% | 1.41% | 1.39% |
| MUMicron Technology, Inc. | 2.04% | 0.62% | 1.42% |
| XOMExxonmobil Corp. | 1.00% | 0.41% | 0.59% |
42.4% of FELC is already inside XLSR.
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 XLSR?
FELC has an expense ratio of 0.18% while XLSR charges 0.70%. FELC is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, FELC or XLSR?
Over the past year FELC returned +19.54% vs +12.95% for XLSR, 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 XLSR?
XLSR has been the more volatile fund at 11.8% annualized versus 11.7% for FELC. Worst drawdown: FELC -18.6% vs XLSR -20.6%.
Should I hold both FELC and XLSR?
FELC and XLSR have a monthly-return correlation of 0.97, 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 XLSR?
42.4% of FELC's money is in holdings XLSR also owns. 28.2% of XLSR'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 25 in XLSR.
Which pays a higher dividend, FELC or XLSR?
FELC yields 0.83% while XLSR yields 0.45%, so FELC currently pays the higher dividend yield.
Is XLSR better than FELC?
FELC has a lower expense ratio. FELC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. FELC is less concentrated, with 40.1% of the fund in its ten largest positions against 85.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.