Fidelity Enhanced Large Cap Core ETF
$44.11−0.01 (−0.02%)
- 0.18%
- $8.6B
- +22.4%
- 0.82%
- 0.8M sh
- $44.10
- low $35.09high $44.36
The ETF.net FELC Grade
A
Score 83 out of 100
- 5 of 127
Score 83 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A95 out of 100Rank 7 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.A84 out of 100Rank 6 of 48Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 28 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A83 out of 100Rank 8 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 35 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A94 out of 100Rank 3 of 127
Our read on FELC
AActive management priced like an index fund. Fidelity's quant screens tilt a roughly 220-stock large-cap portfolio toward value, growth and quality signals, with the S&P 500 as the yardstick, for 0.18% a year.
The fund seeks long-term capital appreciation.
Why people hold it
- 0.18% a year, well under the median fee for active US equity funds. Index-fund pricing with a stock-picking overlay on top.
- The screen is three-pronged: valuation, growth and quality signals, applied across about 220 large caps and measured against the S&P 500.
- A multi-billion-dollar, actively traded fund whose strategy has been on the books since 2007. Size and volume make it easy to get in and out of.
- One of the stronger implementations in its active US equity peer group: cheap, liquid, and running the mandate its prospectus describes.
Worth knowing
- Benchmarked to the S&P 500 and holding about 220 of its large caps, so it lives in the same neighborhood as a plain index fund. The tilts are the entire difference.
- Models pick the stocks, not an index. That means results can land on either side of the S&P 500 in any given stretch.
- The stated goal is long-term capital appreciation, not income. Distributions arrive quarterly as a byproduct of a fully invested stock portfolio, with no hedge or buffer.
FELC Holdings
- Stocks
- 306
- 40%
- NVDA
Sectors
- Technology43.6%
- Financials12.5%
- Communication9.5%
- Health Care9.2%
- Industrials8.1%
- Consumer Discretionary7.6%
- Energy3.1%
- Consumer Staples2.6%
- Materials1.6%
- Real Estate1.4%
- Utilities0.9%
Geography
- United States98.22%
- Ireland1.40%
- Netherlands0.37%
FELC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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FELC$12,239
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FELC |
|---|---|
| Year to date | +16.4% |
| 1 month | +1.4% |
| 3 months | +3.8% |
| 1 year | +22.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FELC |
|---|---|---|
| 2026 YTD | +16.4% | |
| 2025 | +17.1% | |
| 2024 | +25.3% | |
| 2023 | +5.7% |
FELC in the news
FELC Dividends
- 0.82%
- $0.36
- $0.09 per share
- Quarterly
Distribution history
FELC Risk
- 11.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.38
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FELC Cost
0.18%
FELC0.18%
- The middle half of US Active Equity funds
- Median 0.70%
6 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- ADYNFiShares U.S. Equity Factor Rotation Active ETFExpense ratio 0.26%1 year return +22.7%
- ADFACDimensional - US Core Equity 2 ETFExpense ratio 0.21%1 year return +21.6%
- AEBILongview Advantage ETFExpense ratio 0.34%1 year return +26.9%
- AAPUEActivePassive U.S. Equity ETFExpense ratio 0.31%1 year return +21.2%
- ALCTUiShares U.S. Carbon Transition Readiness Aware Active ETFExpense ratio 0.30%1 year return +18.2%