Fidelity Enhanced Large Cap Value ETF
$43.06+0.12 (+0.28%)
- 0.18%
- $3.41B
- +29.3%
- 1.38%
- 265K sh
- low $32.83high $43.32
The ETF.net FELV Grade
B
Score 60 out of 100
- 16 of 40
Score 60 of 100 falls in the B 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.B59 out of 100Rank 16 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A81 out of 100Rank 4 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 13 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C40 out of 100Rank 32 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 19 of 40
Our read on FELV
In short
BIndex-fund shape, active brain. Fidelity's quant models tilt roughly 300 large-cap value stocks while the Russell 1000 Value stays the yardstick, and the whole thing costs 0.18%, the median fee in its peer group.
Stated mandate
The fund is a diversified domestic equity strategy focused on large-cap value stocks. It uses quantitative, multifactor statistical models to seek benchmark outperformance.
Why people hold it
Worth knowing
FELV Holdings
- Stocks
- 404
- 30%
- AAPL
Sectors
- Technology21.5%
- Financials18.8%
- Health Care13.8%
- Industrials12.5%
- Consumer Discretionary9.4%
- Consumer Staples5.9%
- Energy5.8%
- Real Estate3.4%
- Materials3.1%
- Communication3.0%
- Utilities2.7%
Geography
- United States100.00%
FELV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FELV$12,929
Returns run to the Oct 30, 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 | FELV |
|---|---|
| Year to date | +25.3% |
| 1 month | +3.8% |
| 3 months | +2.7% |
| 1 year | +29.3% |
| 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 | FELV |
|---|---|---|
| 2026 YTD | +25.3% | |
| 2025 | +15.8% | |
| 2024 | +15.9% | |
| 2023 | +7.2% |
FELV in the news
FELV Dividends
- 1.38%
- $0.59
- $0.15 per share
- Quarterly
FELV Risk
- 11.7%
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.
- −16.1%
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.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FELV Cost
Overpaying vs VTV, tied cheapest in US Value Index
$3,111
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FELV 0.18%
$3,749
VTV 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | FELV | VTV | Overpaying |
|---|---|---|---|
| 10 | $328 | $55 | $273 |
| 20 | $1,281 | $216 | $1,065 |
| 30 | $3,749 | $638 | $3,111 |
Other funds in US Value Index
- BDFUVDimensional US Marketwide Value ETFExpense ratio 0.21%1 year return +28.8%
- BIWNiShares Russell 2000 Value ETFExpense ratio 0.24%1 year return +23.1%
- BFVALFidelity Value Factor ETFExpense ratio 0.15%1 year return +17.6%
- BPYPrincipal Value ETFExpense ratio 0.15%1 year return +15.5%
- BREVSColumbia Research Enhanced Value ETFExpense ratio 0.20%1 year return +25.5%
