FELC: An Actively Managed ETF That Fails To Outperform The S&P 500

Fidelity Enhanced Large Cap Core ETF is an actively managed fund aiming to outperform the S&P 500, but closely mirrors its holdings. FELC charges higher fees (0.18% expense ratio) than VOO (0.03%), yet delivers nearly identical or worse performance and lower income metrics. The fund's higher concentration and turnover add risks and costs without delivering meaningful outperformance or risk reduction compared to VOO.

Seeking Alpha • Nov 22, 2025

FELC: Growth, Quality Heavy ETF With Unconvincing Risk-Adjusted Returns

Fidelity Enhanced Large Cap Core ETF is an actively managed vehicle focused principally on S&P 500 names that it believes have outperformance potential. In the current iteration, the FELC portfolio has a GARP tilt combined with large exposure to quality and momentum. Unfortunately, FELC has underperformed IVV, as well as VOO, SPY, and SPYM since its conversion into an ETF in November 2023.

Seeking Alpha • Nov 23, 2025

FELC: Alternative Exposure To The S&P 500, Positive Track Record

FELC offers a growth-focused, mega-cap tilt with strong technology exposure while maintaining reasonable valuations below the S&P 500 average. The fund blends value, growth, and quality factors, outperforming most peers and matching S&P 500 returns, especially during market stress. FELC's volatility is slightly lower than the S&P 500, with high liquidity and top-tier risk-adjusted returns (Sharpe ratio).

Seeking Alpha • Aug 22, 2025

Building a Diversified Portfolio With Fidelity ETFs: A Step-by-Step Guide

For many investors, building a diversified portfolio is one of the first steps in investing. Fidelity Investments' extensive range of ETFs offers a powerful toolkit to achieve this.

ETF Trends • Jul 30, 2025

FELC: Considering The Opportunity Risk

The Fidelity Enhanced Large Cap Core ETF is an actively managed ETF targeting large-cap stocks with a multi-factor quantitative strategy for enhanced total returns. In the long run, FELC has performed very similarly to the S&P 500, and the portfolio is slightly more aggressive. The short-term outlook is also not good for the fund because of macro challenges that should surface in the upcoming relevant reports.

Seeking Alpha • Jul 10, 2025

Two ETFs Offering Yield, Growth, And Potential Outperformance

With U.S. equities expensive, I recommend diversifying with two ETFs: VYMI for yield and FFLC for growth potential. VYMI offers 4%+ yield, global diversification, and has outperformed the S&P and SCHD, making it attractive for value-seeking investors. FFLC provides U.S. large-cap growth exposure, tech focus, and downside protection, outperforming the S&P and SCHG over the past 5 years.

Seeking Alpha • Jun 18, 2025

Fidelity Leaders Talk Changing Passive, Active ETF Landscape

As the number and variety of ETFs continue to grow, classic ETFs have changed. Many investors are very familiar with the large market tracking ETFs that play core roles for millions of investors.

ETF Trends • Apr 30, 2025

Fidelity's Active High-Yield Bond ETF Stands Out for Low Cost

Cost is one reason why investors may prefer the ETF wrapper over mutual funds for active high-yield bond exposure. ETFs charge shareholders an expense ratio, which pays for fund management and operations.

ETF Trends • Jan 6, 2025

The Great Mutual-Fund-to-ETF Migration

The growth of active ETFs has propelled a wave of mutual fund-to-ETF conversions. Nearly 80% of all new product launches in both the third quarter and for the full year have been actively managed.

ETF Trends • Oct 17, 2024

Fidelity Slashes Price on Its Active High Yield ETF

Fidelity Investments is making changes to its active high yield ETF, effectively lowering costs for investors. The fund's name changed from The Fidelity High Yield Factor ETF to the Fidelity Enhanced High Yield ETF on Oct. 10.

ETF Trends • Oct 15, 2024