FELV
Fidelity Enhanced Large Cap Value ETF
FELV is actively managed, investing in large-cap value stocks belonging to a broad US equity value index.
US
EQUITY
Active
MANAGEMENT STYLE
2.0 B
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2007 |
| Assets (mns) | $2,002 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BERKSHIRE HATHAWAY INC-CL B | 3.8 % |
| JPMORGAN CHASE & CO | 3.0 % |
| EXXON MOBIL CORP | 2.7 % |
| UNITEDHEALTH GROUP INC | 1.8 % |
| BANK OF AMERICA CORP | 1.7 % |
| WAL-MART STORES INC | 1.6 % |
| PROCTER & GAMBLE CO/THE | 1.4 % |
| JOHNSON & JOHNSON | 1.3 % |
| PFIZER INC | 1.2 % |
| GENERAL ELECTRIC COMPANY | 1.1 % |
Constituent Breakdown
| Number of holdings | 355 |
| Herfindahl-Hirschman Index | 82 |
| Wgt avg mkt cap (mns) | $195,175 |
| Large cap (>$10bn) | 92.0% |
| Mid cap ($2-10bn) | 7.4% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.9 % |
 |
IRELAND | 2.8 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.1% | -- | -- | -- | -- | -- | 16.1% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 116 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $198,105 |
Technical Indicators
| Recent close | $31.79 |
| 30d moving avg. | $31.05 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FELV |
Expenses vs. FELV |
ALTAR Score™ vs. FELV |
|---|---|---|---|---|
| IVE | iShares S&P 500 Value ETF | 55.8% | 0 bp | -0.2% |
| VOOV | Vanguard S&P 500 Value ETF | 55.7% | -8 bp | -0.1% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 55.7% | -14 bp | 0.0% |
| IUSV | iShares Core S&P US Value ETF | 54.8% | -14 bp | +0.0% |
| VTV | Vanguard Value ETF | 54.3% | -14 bp | +0.2% |
| VONV | Vanguard Russell 1000 Value ETF | 53.6% | -10 bp | -0.1% |
| IWD | iShares Russell 1000 Value ETF | 53.6% | +1 bp | -0.3% |
| GVUS | Marketbeta Russell 1000 Value Equity ETF | 52.9% | -6 bp | -0.2% |
| IWX | iShares Russell Top 200 Value ETF | 52.8% | +2 bp | -0.4% |
| MGV | Vanguard Mega Cap Value ETF | 52.3% | -11 bp | 0.0% |
Risk and Returns: FELV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FELV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FELV
6.4%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FELV's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places FELV in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FELVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FELV (18 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FELV | 18.0 | 0.0 | 18 |
| Peer Avg. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .