FELV vs MFSV
Fidelity Enhanced Large Cap Value ETF vs MFS Active Value ETF
Which is better, FELV or MFSV?
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 32.9%.
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 | MFSV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.44% |
| AUM | $3.4B | $618M |
| Dividend Yield | 1.43% | 1.41% |
| Holdings | 364 | 64 |
| YTD Return | +22.64%Best | +9.21% |
| 1Y Return | +29.22%Best | +12.64% |
| 3Y Return (annualized) | +21.98% | - |
| Volatility (annualized) | 10.6% | 9.6%Best |
| Max Drawdown | -15.0% | -12.7%Best |
| $10,000 over 1.9 years | $13,621Best | $11,981 |
| Top 10 Weight | 30.1%Best | 32.9% |
| Fund Family | Fidelity Investments (US) | MFS Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Dec 5, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 5, 2024 to Oct 14, 2026 (1.9 years).
FELV vs MFSV 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 1.9 years both funds cover.
FELV vs MFSV Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and MFS Active Value ETF (MFSV) is an ETF from MFS Investment Management. Over the past year FELV returned +29.22% while MFSV returned +12.64%. Year to date, FELV is up 22.64% versus a gain of 9.21% for MFSV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELV has been the more volatile fund, with annualized monthly volatility of 10.6% compared with 9.6% for MFSV. 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 -15.0% for FELV and -12.7% for MFSV. 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 MFSV charges 0.44%. On a $10,000 position that is $18 vs $44 annually, a gap of $26 per year that compounds over a long holding period. On income, FELV currently yields 1.43% against 1.41% for MFSV.
Holdings Overlap
39.4% of FELV's money is in holdings MFSV also owns. 80.9% of MFSV's money is in holdings FELV also owns.
Most of MFSV is already inside FELV. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 389 positions we hold weights for in FELV and 60 in MFSV, against full books of 364 and 64.
What only one of them owns
Our book lists 15 positions for MFSV that do not appear in our book for FELV (15.8% of the fund), and 290 for FELV that do not appear in MFSV (59.5%).
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 MFSV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.20% | 5.28% | 0.92% |
| MSFTMicrosoft Corp | 4.67% | 5.35% | 0.68% |
| AAPLApple, Inc | 6.50% | 3.09% | 3.41% |
| JPMJpmorgan Chase | 2.62% | 4.50% | 1.88% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.91% | 3.04% | 1.13% |
| CVXChevron Corp | 1.21% | 2.29% | 1.08% |
| BACBank Of America Corp | 1.13% | 2.25% | 1.12% |
| RTXRaytheon Co. | 0.89% | 2.20% | 1.31% |
| CICigna Corp. | 0.22% | 2.75% | 2.53% |
| JNJJohnson & Johnson - Common | 1.29% | 1.66% | 0.37% |
80.9% of MFSV 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 MFSV?
FELV has an expense ratio of 0.18% while MFSV charges 0.44%. FELV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, FELV or MFSV?
Over the past year FELV returned +29.22% vs +12.64% for MFSV, so FELV leads on 1-year performance. Over the longest common window we track (2 years), FELV annualized +17.66% vs +9.98% for MFSV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or MFSV?
FELV has been the more volatile fund at 10.6% annualized versus 9.6% for MFSV. Worst drawdown: FELV -15.0% vs MFSV -12.7%.
Should I hold both FELV and MFSV?
FELV and MFSV 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 MFSV?
80.9% of MFSV's money is in holdings FELV also owns. 80.9% of MFSV's is in holdings FELV also owns. They hold 44 positions in common, counted across the 389 positions we hold weights for in FELV and 60 in MFSV.
Which pays a higher dividend, FELV or MFSV?
FELV yields 1.43% while MFSV yields 1.41%, so FELV currently pays the higher dividend yield.
Is MFSV 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 32.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.