FELV vs IWD
Fidelity Enhanced Large Cap Value ETF vs iShares Russell 1000 Value ETF
Which is better, FELV or IWD?
FELV has been ahead.
FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 30.1%.
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 | FELV | IWD |
|---|---|---|
| Expense Ratio | 0.18%Tie | 0.18%Tie |
| AUM | $3.4B | $83.2B |
| Dividend Yield | 1.43% | 1.43% |
| Holdings | 364 | 869 |
| YTD Return | +22.64%Best | +21.07% |
| 1Y Return | +29.22%Best | +27.09% |
| 3Y Return (annualized) | +21.98%Best | +20.91% |
| 5Y Return (annualized) | - | +11.56% |
| Volatility (annualized) | 11.6%Best | 11.7% |
| Max Drawdown | -16.1% | -15.7%Best |
| $10,000 over 2.9 years | $17,793Best | $17,277 |
| Top 10 Weight | 30.1% | 29.7%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | May 22, 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).
FELV vs IWD 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.
FELV vs IWD Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year FELV returned +29.22% while IWD returned +27.09%. Year to date, FELV is up 22.64% versus a gain of 21.07% for IWD.
Over three years, FELV compounded at +21.98% per year against +20.91% for IWD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 11.6% for FELV. 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 -16.1% for FELV and -15.7% for IWD. 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
FELV charges 0.18% per year while IWD charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, FELV currently yields 1.43% against 1.43% for IWD.
Holdings Overlap
88.7% of FELV's money is in holdings IWD also owns. 74.5% of IWD's money is in holdings FELV also owns.
Most of FELV is already inside IWD. Owning both mostly buys the same companies twice.
311 positions in common, counted across the 389 positions we hold weights for in FELV and 871 in IWD, against full books of 364 and 869.
What only one of them owns
Our book lists 489 positions for IWD that do not appear in our book for FELV (24.2% of the fund), and 56 for FELV that do not appear in IWD (10.5%).
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 FELV | Weight in IWD | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.50% | 6.01% | 0.49% |
| AMZNAmazon.Com Inc | 6.20% | 6.06% | 0.14% |
| MSFTMicrosoft Corp | 4.67% | 5.23% | 0.56% |
| JPMJpmorgan Chase & Co | 2.62% | 2.45% | 0.17% |
| XOMExxon Mobil Corp | 1.91% | 1.85% | 0.06% |
| JNJJohnson & Johnson | 1.29% | 1.71% | 0.42% |
| INTCINTEL CORP | 1.44% | 1.50% | 0.06% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.25% | 1.18% | 0.07% |
| CVXChevron Corp. | 1.21% | 1.05% | 0.16% |
| UNHUnitedhealth Group Incorporated | 1.23% | 0.91% | 0.32% |
88.7% of FELV is already inside IWD.
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, FELV or IWD?
FELV has an expense ratio of 0.18% while IWD charges 0.18%. At the precision these are quoted to, they cost the same.
Which performed better, FELV or IWD?
Over the past year FELV returned +29.22% vs +27.09% for IWD, so FELV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or IWD?
IWD has been the more volatile fund at 11.7% annualized versus 11.6% for FELV. Worst drawdown: FELV -16.1% vs IWD -15.7%.
Should I hold both FELV and IWD?
FELV and IWD 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 FELV and IWD?
88.7% of FELV's money is in holdings IWD also owns. 74.5% of IWD's is in holdings FELV also owns. They hold 311 positions in common, counted across the 389 positions we hold weights for in FELV and 871 in IWD.
Which pays a higher dividend, FELV or IWD?
FELV yields 1.43% while IWD yields 1.43%, so FELV currently pays the higher dividend yield.
Is IWD better than FELV?
FELV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 30.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.