FELG vs IVV
Fidelity Enhanced Large Cap Growth ETF vs iShares Core S&P 500 ETF
Which is better, FELG or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. FELG led over the full window, IVV over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.91. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 58.3%.
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 | FELG | IVV |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $5.8B | $896.5B |
| Dividend Yield | 0.35% | 1.10% |
| Holdings | 135 | 508 |
| YTD Return | +7.63% | +13.59%Best |
| 1Y Return | +10.39% | +17.54%Best |
| 3Y Return (annualized) | +22.35% | +22.46%Best |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 15.6% | 11.6%Best |
| Max Drawdown | -23.9% | -18.8%Best |
| $10,000 over 2.9 years | $17,949Best | $17,607 |
| Top 10 Weight | 58.3% | 38.9%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Nov 20, 2023 | May 15, 2000 |
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).
FELG vs IVV 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.
FELG vs IVV Performance
Fidelity Enhanced Large Cap Growth ETF (FELG) is an ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FELG returned +10.39% while IVV returned +17.54%. Year to date, FELG is up 7.63% versus a gain of 13.59% for IVV.
Over three years, FELG compounded at +22.35% per year against +22.46% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELG has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 11.6% for IVV. 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 -23.9% for FELG and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FELG charges 0.18% per year while IVV 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, FELG currently yields 0.35% against 1.10% for IVV.
Holdings Overlap
92.2% of FELG's money is in holdings IVV also owns. 59.4% of IVV's money is in holdings FELG also owns.
Most of FELG is already inside IVV. Owning both mostly buys the same companies twice.
74 positions in common, counted across the 127 positions we hold weights for in FELG and 506 in IVV, against full books of 135 and 508.
What only one of them owns
Our book lists 425 positions for IVV that do not appear in our book for FELG (40.1% of the fund), and 41 for FELG that do not appear in IVV (7.4%).
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 FELG | Weight in IVV | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 16.24% | 8.44% | 7.80% |
| AAPLApple, Inc | 8.01% | 7.29% | 0.72% |
| MSFTMicrosoft Corp | 5.00% | 5.76% | 0.76% |
| GOOGLAlphabet Inc Cl A | 7.46% | 3.00% | 4.46% |
| AVGOBroadcom Inc | 5.05% | 2.47% | 2.58% |
| METAMeta Platforms Inc Class A | 3.81% | 2.42% | 1.39% |
| MUMicron Technology Inc . | 4.02% | 1.87% | 2.15% |
| GOOGAlphabet Inc Cl C | 2.99% | 2.41% | 0.58% |
| LLYEli Lilly & Co. | 3.11% | 1.39% | 1.72% |
| AMZNAmazon.Com Inc | 0.53% | 3.68% | 3.15% |
92.2% of FELG is already inside IVV.
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, FELG or IVV?
FELG has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FELG or IVV?
Over the past year FELG returned +10.39% vs +17.54% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELG or IVV?
FELG has been the more volatile fund at 15.6% annualized versus 11.6% for IVV. Worst drawdown: FELG -23.9% vs IVV -18.8%.
Should I hold both FELG and IVV?
FELG and IVV have a monthly-return correlation of 0.91, 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 FELG and IVV?
92.2% of FELG's money is in holdings IVV also owns. 59.4% of IVV's is in holdings FELG also owns. They hold 74 positions in common, counted across the 127 positions we hold weights for in FELG and 506 in IVV.
Which pays a higher dividend, FELG or IVV?
FELG yields 0.35% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than FELG?
IVV has a lower expense ratio. FELG led over the full window, IVV over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.91. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 58.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.