FELV vs MAVF
Fidelity Enhanced Large Cap Value ETF vs Matrix Advisors Value ETF
Which is better, FELV or MAVF?
FELV has been ahead.
FELV has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 54.6%.
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 | MAVF |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $3.4B | $93M |
| Dividend Yield | 1.43% | 0.37% |
| Holdings | 364 | 29 |
| YTD Return | +22.64%Best | +13.01% |
| 1Y Return | +29.22%Best | +19.46% |
| 3Y Return (annualized) | +21.98% | - |
| Volatility (annualized) | 10.8%Best | 14.3% |
| Max Drawdown | -13.9%Best | -16.4% |
| $10,000 over 1.6 years | $13,737Best | $13,491 |
| Top 10 Weight | 30.1%Best | 54.6% |
| Fund Family | Fidelity Investments (US) | Matrix Asset Advisors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Sep 16, 1983 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 24, 2025 to Oct 14, 2026 (1.6 years).
FELV vs MAVF 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 1.6 years both funds cover.
FELV vs MAVF Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Matrix Advisors Value ETF (MAVF) is an ETF from Matrix Asset Advisors. Over the past year FELV returned +29.22% while MAVF returned +19.46%. Year to date, FELV is up 22.64% versus a gain of 13.01% for MAVF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAVF has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 10.8% 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 -13.9% for FELV and -16.4% for MAVF. 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
FELV charges 0.18% per year while MAVF charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, FELV currently yields 1.43% against 0.37% for MAVF.
Holdings Overlap
26.3% of FELV's money is in holdings MAVF also owns. 76.7% of MAVF's money is in holdings FELV also owns.
Most of MAVF is already inside FELV. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 389 positions we hold weights for in FELV and 27 in MAVF, against full books of 364 and 29.
What only one of them owns
Measured across the 389 and 27 positions we hold weights for.
FELV holds 312 positions MAVF does not, 72.6% of the fund.
Largest: BRK.B 3.04%, XOM 1.91%, INTC 1.44%, JNJ 1.29%, CSCO 1.25%
Top Shared Holdings
| Stock | Weight in FELV | Weight in MAVF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.50% | 7.06% | 0.56% |
| MSFTMicrosoft Corp | 4.67% | 8.61% | 3.94% |
| AMZNAmazon.Com Inc | 6.20% | 6.38% | 0.18% |
| GOOGAlphabet Inc. C | 0.01% | 7.81% | 7.80% |
| METAMeta Platforms Inc | 0.63% | 5.73% | 5.10% |
| JPMJpmorgan Chase | 2.62% | 3.19% | 0.57% |
| QCOMQualcomm Inc. | 0.49% | 3.98% | 3.49% |
| WFCWells Fargo & Co. | 0.90% | 3.34% | 2.44% |
| MDTMedtronic Plc Ordinary Shares | 0.21% | 3.54% | 3.33% |
| UBERUber Technologies Inc | 0.52% | 3.18% | 2.66% |
76.7% of MAVF is already inside FELV.
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 MAVF?
FELV has an expense ratio of 0.18% while MAVF charges 0.75%. FELV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, FELV or MAVF?
Over the past year FELV returned +29.22% vs +19.46% for MAVF, so FELV leads on 1-year performance. Over the longest common window we track (2 years), FELV annualized +21.95% vs +20.58% for MAVF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or MAVF?
MAVF has been the more volatile fund at 14.3% annualized versus 10.8% for FELV. Worst drawdown: FELV -13.9% vs MAVF -16.4%.
Should I hold both FELV and MAVF?
FELV and MAVF 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 FELV and MAVF?
76.7% of MAVF's money is in holdings FELV also owns. 76.7% of MAVF's is in holdings FELV also owns. They hold 19 positions in common, counted across the 389 positions we hold weights for in FELV and 27 in MAVF.
Which pays a higher dividend, FELV or MAVF?
FELV yields 1.43% while MAVF yields 0.37%, so FELV currently pays the higher dividend yield.
Is MAVF better than FELV?
FELV has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 54.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.