FELV vs SASS
Fidelity Enhanced Large Cap Value ETF vs M.D. Sass Concentrated Value ETF
Which is better, FELV or SASS?
FELV costs less.
FELV has a lower expense ratio. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 57.2%.
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 | SASS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $3.4B | $76M |
| Dividend Yield | 1.43% | 0.00% |
| Holdings | 364 | 24 |
| YTD Return | +22.64%Best | -7.30% |
| 1Y Return | +29.22% | - |
| 3Y Return (annualized) | +21.98% | - |
| Top 10 Weight | 30.1%Best | 57.2% |
| Fund Family | Fidelity Investments (US) | MD Sass |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Mar 4, 2026 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
FELV vs SASS 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FELV vs SASS Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and M.D. Sass Concentrated Value ETF (SASS) is an ETF from MD Sass. Year to date, FELV is up 22.64% versus a loss of 7.30% for SASS.
Past performance does not guarantee future results.
Fees and Cost Over Time
FELV charges 0.18% per year while SASS 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 0.00% for SASS.
Holdings Overlap
8.0% of FELV's money is in holdings SASS also owns. 45.5% of SASS's money is in holdings FELV also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 389 positions we hold weights for in FELV and 22 in SASS, against full books of 364 and 24.
What only one of them owns
Measured across the 389 and 22 positions we hold weights for.
FELV holds 323 positions SASS does not, 90.9% of the fund.
Largest: AAPL 6.50%, MSFT 4.67%, BRK.B 3.04%, JPM 2.62%, XOM 1.91%
Top Shared Holdings
| Stock | Weight in FELV | Weight in SASS | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.20% | 5.98% | 0.22% |
| AMEAmetek Inc | 0.43% | 6.01% | 5.58% |
| COFCapital One Financial Corp. | 0.24% | 5.71% | 5.47% |
| ADIAnalog Devices, Inc. | 0.45% | 5.43% | 4.98% |
| KNXKnight-Swift Transportation Holdings Inc | 0.06% | 5.68% | 5.62% |
| PRMBPrimo Brands Corp | 0.03% | 5.62% | 5.59% |
| WELLWelltower, Inc. | 0.45% | 4.74% | 4.29% |
| SNXSynnex Corp | 0.10% | 4.13% | 4.03% |
| QQnity Electronics Inc | 0.01% | 2.16% | 2.15% |
45.5% of SASS 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.
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Frequently Asked Questions
Which is cheaper, FELV or SASS?
FELV has an expense ratio of 0.18% while SASS charges 0.75%. FELV is the cheaper option, by $57 a year on a $10,000 investment.
What is the holdings overlap between FELV and SASS?
45.5% of SASS's money is in holdings FELV also owns. 45.5% of SASS's is in holdings FELV also owns. They hold 9 positions in common, counted across the 389 positions we hold weights for in FELV and 22 in SASS.
Which pays a higher dividend, FELV or SASS?
FELV yields 1.43% while SASS yields 0.00%, so FELV currently pays the higher dividend yield.
Is SASS better than FELV?
FELV has a lower expense ratio. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.