FELV vs PJFV
Fidelity Enhanced Large Cap Value ETF vs PGIM Jennison Focused Value ETF
Which is better, FELV or PJFV?
Each has led over a different period.
FELV has a lower expense ratio. FELV led over 1Y, PJFV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 41.1%.
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 | PJFV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.33% |
| AUM | $3.4B | $183M |
| Dividend Yield | 1.43% | 0.57% |
| Holdings | 364 | 37 |
| YTD Return | +22.64%Best | +20.68% |
| 1Y Return | +29.22%Best | +27.75% |
| 3Y Return (annualized) | +21.98% | +24.90%Best |
| Volatility (annualized) | 11.6%Tie | 11.6%Tie |
| Max Drawdown | -16.1%Best | -18.1% |
| $10,000 over 2.9 years | $17,793 | $19,131Best |
| Top 10 Weight | 30.1%Best | 41.1% |
| Fund Family | Fidelity Investments (US) | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Dec 12, 2022 |
Not shown on this pair: 5Y Return (annualized).
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 PJFV 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 PJFV Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments. Over the past year FELV returned +29.22% while PJFV returned +27.75%. Year to date, FELV is up 22.64% versus a gain of 20.68% for PJFV.
Over three years, FELV compounded at +21.98% per year against +24.90% for PJFV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FELV and PJFV have been equally volatile, both at 11.6% annualized.
The deepest peak-to-trough decline in our data was -16.1% for FELV and -18.1% for PJFV. 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
FELV charges 0.18% per year while PJFV charges 0.33%. On a $10,000 position that is $18 vs $33 annually, a gap of $15 per year that compounds over a long holding period. On income, FELV currently yields 1.43% against 0.57% for PJFV.
Holdings Overlap
29.1% of FELV's money is in holdings PJFV also owns. 73.7% of PJFV's money is in holdings FELV also owns.
Most of PJFV is already inside FELV. Owning both mostly buys the same companies twice.
25 positions in common, counted across the 389 positions we hold weights for in FELV and 35 in PJFV, against full books of 364 and 37.
What only one of them owns
Our book lists 6 positions for PJFV that do not appear in our book for FELV (15.3% of the fund), and 309 for FELV that do not appear in PJFV (69.7%).
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 PJFV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.50% | 5.66% | 0.84% |
| MSFTMicrosoft Corp | 4.67% | 6.30% | 1.63% |
| AMZNAmazon.Com Inc | 6.20% | 4.67% | 1.53% |
| JPMJpmorgan Chase | 2.62% | 4.28% | 1.66% |
| XOMExxonmobil Corp. | 1.91% | 4.01% | 2.10% |
| WMTWalmart, Inc. | 0.84% | 3.41% | 2.57% |
| ABBVAbbvie Inc. | 0.92% | 2.93% | 2.01% |
| WFCWells Fargo & Co. | 0.90% | 2.69% | 1.79% |
| BACBank of America Corp.: Financials | 1.13% | 2.21% | 1.08% |
| TOLToll Bros Inc | 0.10% | 3.20% | 3.10% |
73.7% of PJFV 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 PJFV?
FELV has an expense ratio of 0.18% while PJFV charges 0.33%. FELV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FELV or PJFV?
Over the past year FELV returned +29.22% vs +27.75% for PJFV, 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 PJFV?
FELV and PJFV have been equally volatile, both at 11.6% annualized. Worst drawdown: FELV -16.1% vs PJFV -18.1%.
Should I hold both FELV and PJFV?
FELV and PJFV 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 FELV and PJFV?
73.7% of PJFV's money is in holdings FELV also owns. 73.7% of PJFV's is in holdings FELV also owns. They hold 25 positions in common, counted across the 389 positions we hold weights for in FELV and 35 in PJFV.
Which pays a higher dividend, FELV or PJFV?
FELV yields 1.43% while PJFV yields 0.57%, so FELV currently pays the higher dividend yield.
Is PJFV better than FELV?
FELV has a lower expense ratio. FELV led over 1Y, PJFV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.