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FELCvsPBPETF Comparison

ETF 1

FELC

Fidelity Enhanced Large Cap Core ETF

This fund is part of

US Large Cap

+0.9%

Full FELC fund page

VS

ETF 2

PBP

Invesco S&P 500 BuyWrite ETF

This fund is part of

Options Strategies

+0.26%

Full PBP fund page

Fidelity Enhanced Large Cap Core ETF (FELC) belongs to the US Large Cap segment. Invesco S&P 500 BuyWrite ETF (PBP) is part of the Options Strategies segment. FELC's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, PBP's top sector exposures are Information Technology, Financials and Communication Services. FELC is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.29% for PBP. FELC is up 4.41% year-to-date (YTD) with +$566M in YTD flows. PBP performs worse with 2.22% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of FELC and PBP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FELC vs PBP performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FELC PBP	+8.97%+3.59%	+3.50%+1.09%	+4.41%+2.22%	+31.66%+17.41%	n/a+38.81%	n/a+47.00%
Flows	FELC PBP	-$26M+$10M	+$271M+$16M	+$566M+$8M	+$1.64B+$189M	-+$232M	-+$163M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FELC PBP	+15.33%+10.41%	+12.53%+6.89%	n/a+10.33%	n/a+11.37%
Max drawdown	FELC PBP	-9.05%-5.24%	-9.05%-5.24%	n/a-15.51%	n/a-18.35%
Max drawdown duration	FELC PBP	70d58d	70d58d	n/a240d	n/a679d

Trading data

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	FELC	PBP
Last sale 4/27/2026 at 1:30 PM	$39.87	$22.52
Previous close 04/24/2026	$39.75	$22.48
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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FELC

is actively managed and doesn’t replicate an index

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	FELC	PBP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FELC	PBP
Last price	$39.87	$22.52
1D performance	+0.30%	+0.18%
AuM	$6.92 B	$333.37 M
E/R	0.18%	0.29%

Characteristics

	FELC	PBP
Management strategy	Active	Passive
Provider	Fidelity	Invesco
Benchmark	-	CBOE S&P 500 BuyWrite Index
N° of holdings	186	478
Asset class	-	Alternative
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	December 20, 2007
ESG	No	No

More FELC data on Trackinsight

More PBP data on Trackinsight

Exposure

Countries

FELC

USA

97.07%

Other

2.93%

PBP

USA

98.16%

Other

1.84%

Sectors

FELC

Information Techn.

35.46%

Communication Ser.

11.84%

Financials

11.08%

Consumer Discreti.

9.73%

Industrials

8.97%

Health Care

8.36%

Other

14.56%

PBP

Information Techn.

34.3%

Financials

10.44%

Communication Ser.

10.14%

Consumer Discreti.

10.07%

Health Care

9.46%

Industrials

8.51%

Other

17.08%

Diversification

FELC

Total weight of top 15 holdings out of 15

45.76%

PBP

Total weight of top 15 holdings out of 15

42.59%

Top 15 holdings

Data as of March 31, 2026

FELC

NVIDIA

7.98%

APPLE

7.30%

MICROSOFT-T

4.72%

AMAZON.COM INC

3.96%

BROADCOM LIMITED

3.13%

ALPHABET INC-CL

3.09%

META PLATFORMS

2.46%

ALPHABET INC-CL

2.30%

BERKSHIRE HATHWAY

2.12%

JPMORGAN CHASE

1.66%

EXXON

1.56%

LILLY

1.54%

TESLA

1.54%

MASTERCARD

1.23%

MICRON TECHNOLOGY

1.17%

PBP

NVIDIA

7.56%

APPLE

6.78%

MICROSOFT-T

4.92%

AMAZON.COM INC

3.62%

ALPHABET INC-CL

2.97%

BROADCOM LIMITED

2.65%

ALPHABET INC-CL

2.38%

META PLATFORMS

2.13%

TESLA

1.89%

BERKSHIRE HATHWAY

1.59%

JPMORGAN CHASE

1.42%

EXXON

1.33%

LILLY

1.29%

JOHNSON&JOHNSON

1.08%

WALMART INC

1.00%

Frequently asked questions about FELC and PBP

How have the FELC and PBP ETFs performed in 2026?

As of April 24, 2026, FELC is up 4.41% year-to-date (YTD), while PBP has returned 2.22%. That puts FELC better performer ahead so far this year.

Which ETF is attracting more investor money: FELC or PBP?

Year-to-date, the FELC ETF saw +$566M in flows, compared to +$8M for PBP.

Which ETF is more volatile: FELC or PBP?

Over the past year, FELC had a volatility of 12.53%, while PBP experienced 6.89%.

Which ETF is bigger: FELC or PBP?

As of April 24, 2026, FELC holds $6.92 B in assets under management (AUM), while PBP manages $333.37 M.

What sectors do the FELC and PBP ETFs invest in?

FELC leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, PBP focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the FELC ETF and PBP ETF?

FELC top holdings include NVIDIA, APPLE and MICROSOFT-T. PBP holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: FELC or PBP?

FELC holds 198 securities with 45.76% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 42.59%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

November 27, 2023

FELC

Options Strategies in ETFs, Part 1: A Grand Overview

November 1, 2023

PBP

FELCvsPBPETF Comparison

Fidelity Enhanced Large Cap Core ETF

Invesco S&P 500 BuyWrite ETF

FELC vs PBP performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FELC and PBP ETFs performed in 2026?

As of April 24, 2026, FELC is up 4.41% year-to-date (YTD), while PBP has returned 2.22%. That puts FELC better performer ahead so far this year.

Which ETF is attracting more investor money: FELC or PBP?

Year-to-date, the FELC ETF saw +$566M in flows, compared to +$8M for PBP.

Which ETF is more volatile: FELC or PBP?

Over the past year, FELC had a volatility of 12.53%, while PBP experienced 6.89%.

Which ETF is bigger: FELC or PBP?

As of April 24, 2026, FELC holds $6.92 B in assets under management (AUM), while PBP manages $333.37 M.

What sectors do the FELC and PBP ETFs invest in?

FELC leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, PBP focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the FELC ETF and PBP ETF?

FELC top holdings include NVIDIA, APPLE and MICROSOFT-T. PBP holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: FELC or PBP?

FELC holds 198 securities with 45.76% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 42.59%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

Options Strategies in ETFs, Part 1: A Grand Overview

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