FFLC vs XLF
Fidelity Fundamental Large Cap Core ETF vs State Street Financial Select Sector SPDR ETF
Which is better, FFLC or XLF?
FFLC has been ahead.
XLF has a lower expense ratio. FFLC led over 1Y, 3Y, 5Y and the full window. FFLC is less concentrated, with 41.9% of the fund in its ten largest positions against 57.3%.
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 | FFLC | XLF |
|---|---|---|
| Expense Ratio | 0.38% | 0.08%Best |
| AUM | $1.2B | $51.9B |
| Dividend Yield | 1.01% | 1.40% |
| Holdings | 216 | 160 |
| YTD Return | +9.90%Best | +0.47% |
| 1Y Return | +14.13%Best | +4.02% |
| 3Y Return (annualized) | +22.06%Best | +19.43% |
| 5Y Return (annualized) | +15.97%Best | +8.82% |
| Volatility (annualized) | 15.8%Best | 18.5% |
| Max Drawdown | -19.7%Best | -25.8% |
| $10,000 over 5 years | $20,976Best | $15,260 |
| Top 10 Weight | 41.9%Best | 57.3% |
| Fund Family | Fidelity Investments (US) | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 2, 2020 | Dec 16, 1998 |
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2020 to Oct 14, 2026 (6.4 years).
FFLC vs XLF 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 6.4 years both funds cover.
FFLC vs XLF Performance
Fidelity Fundamental Large Cap Core ETF (FFLC) is an ETF from Fidelity Investments (US) and State Street Financial Select Sector SPDR ETF (XLF) is an ETF from SPDR State Street Global Advisors. Over the past year FFLC returned +14.13% while XLF returned +4.02%. Year to date, FFLC is up 9.90% versus a gain of 0.47% for XLF.
Over three years, FFLC compounded at +22.06% per year against +19.43% for XLF; over five years the annualized figures are +15.97% and +8.82% respectively. Across the full 6-year window we track, FFLC has the edge at +19.16% annualized vs +14.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLF has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 15.8% for FFLC. 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 -19.7% for FFLC and -25.8% for XLF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFLC charges 0.38% per year while XLF charges 0.08%. On a $10,000 position that is $38 vs $8 annually, a gap of $30 per year that compounds over a long holding period. On income, FFLC currently yields 1.01% against 1.40% for XLF.
Holdings Overlap
11.5% of FFLC's money is in holdings XLF also owns. 27.4% of XLF's money is in holdings FFLC also owns.
XLF and FFLC share little of their money.
13 positions in common, counted across the 108 positions we hold weights for in FFLC and 77 in XLF, against full books of 216 and 160.
What only one of them owns
Our book lists 63 positions for XLF that do not appear in our book for FFLC (72.1% of the fund), and 83 for FFLC that do not appear in XLF (80.2%).
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 FFLC | Weight in XLF | Difference |
|---|---|---|---|
| VVisa Inc Class A | 1.90% | 7.62% | 5.72% |
| BACBank Of America Corp | 1.65% | 5.07% | 3.42% |
| WFCWells Fargo & Co. | 1.62% | 3.42% | 1.80% |
| SCHWSchwab Strategic T | 0.70% | 2.17% | 1.47% |
| CBChubb Ltd Common Stock Usd 24.15 | 0.94% | 1.51% | 0.57% |
| BKBank Of New York Mellon Corp | 0.94% | 1.38% | 0.44% |
| PNCPnc Financial Services Group Inc. | 0.84% | 1.21% | 0.37% |
| HOODRobinhood Markets Inc - A | 0.58% | 1.10% | 0.52% |
| APOAthene (Ath) / Apollo Global Management (Apo) | 0.74% | 0.74% | 0.00% |
| AJGArthur J Gallagher & Co. | 0.52% | 0.76% | 0.24% |
27.4% of XLF is already inside FFLC.
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, FFLC or XLF?
FFLC has an expense ratio of 0.38% while XLF charges 0.08%. XLF is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FFLC or XLF?
Over the past year FFLC returned +14.13% vs +4.02% for XLF, so FFLC leads on 1-year performance. Over the longest common window we track (6 years), FFLC annualized +19.16% vs +14.59% for XLF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFLC or XLF?
XLF has been the more volatile fund at 18.5% annualized versus 15.8% for FFLC. Worst drawdown: FFLC -19.7% vs XLF -25.8%.
Should I hold both FFLC and XLF?
FFLC and XLF have a monthly-return correlation of 0.82, 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 FFLC and XLF?
27.4% of XLF's money is in holdings FFLC also owns. 27.4% of XLF's is in holdings FFLC also owns. They hold 13 positions in common, counted across the 108 positions we hold weights for in FFLC and 77 in XLF.
Which pays a higher dividend, FFLC or XLF?
FFLC yields 1.01% while XLF yields 1.40%, so XLF currently pays the higher dividend yield.
Is XLF better than FFLC?
XLF has a lower expense ratio. FFLC led over 1Y, 3Y, 5Y and the full window. FFLC is less concentrated, with 41.9% of the fund in its ten largest positions against 57.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.