Fidelity Enhanced Large Cap Value ETF
$41.89−0.18 (−0.43%)
History starts Nov 20, 2023.
- Expense ratio
- 0.18%
- Fund size
- $3.4B
- 1Y return
- +28.1%
- Yield · Last 12 months
- 1.41%
- Holdings
- 342
- Volume · 30D
- 0.2M sh
- NAV per share
- $42.25
- 52W range
The ETF.net FELV Grade
Score 61 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 59Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 79Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 65Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 42Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
Our read on FELV
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.
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
- Quantitative multifactor models choose the holdings, but the Russell 1000 Value Index remains the benchmark, so the portfolio still looks and behaves like US large-cap value.
- At 0.18%, it costs exactly the median of its value-factor peer group, unusual for a strategy that actively tries to beat its index rather than match it.
- Same 0.18% as IWD, the plain tracker on the same Russell 1000 Value benchmark, so the active tilt is not priced at a premium to that route.
- A multi-billion-dollar fund spread across about 300 large-cap names, paying quarterly, run under a strategy whose track record starts at its 2007 launch.
Worth knowing
- Plain-vanilla value beta is cheaper: VTV charges 0.03% and SCHV 0.04%. The quant tilt costs several times that.
- Aiming to beat the Russell 1000 Value means results can diverge from it in either direction, which a straight index tracker will not do.
- Moderately traded rather than a volume leader in its category, so spreads on larger orders can run wider than at the busiest value ETFs.
FELV Holdings
- Stocks
- 342
- 30%
- AAPL
Sectors
- Technology22.9%
- Financials18.6%
- Health Care13.6%
- Industrials9.8%
- Consumer Discr.9.4%
- Energy6.1%
- Cons. Staples5.7%
- Materials4.0%
- Communication3.8%
- Real Estate3.2%
- Utilities2.9%
Geography
- United States96.51%
- Ireland2.36%
- United Kingdom0.65%
- Netherlands0.42%
- Switzerland0.04%
- Bermuda0.01%
- Israel0.01%
FELV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FELV$12,808
Returns run to the Sep 22, 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 | +22.8% |
| 1 month | −1.2% |
| 3 months | +4.8% |
| 1 year | +28.1% |
| 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 | +22.8% | |
| 2025 | +15.8% | |
| 2024 | +15.9% | |
| 2023 | +7.2% |
FELV in the news
FELV Dividends
- 1.41%
- $0.59
- $0.15 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.15 |
| Jun 18, 2026 | Jun 23, 2026 | $0.14 |
| Mar 20, 2026 | Mar 24, 2026 | $0.16 |
| Dec 19, 2025 | Dec 23, 2025 | $0.14 |
| Sep 19, 2025 | Sep 23, 2025 | $0.15 |
| Jun 20, 2025 | Jun 24, 2025 | $0.15 |
| Mar 21, 2025 | Mar 25, 2025 | $0.14 |
| Dec 20, 2024 | Dec 24, 2024 | $0.15 |
| Sep 20, 2024 | Sep 24, 2024 | $0.14 |
| Jun 21, 2024 | Jun 25, 2024 | $0.07 |
| Mar 15, 2024 | Mar 20, 2024 | $0.26 |
| Dec 28, 2023 | Jan 3, 2024 | $0.01 |
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.
- 1.46
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.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FELV Cost
0.18%
FELV0.18%
- The middle half of US Value Index funds
- Median 0.20%
15 of the 41 US Value Index funds charge less.