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FELCvsQVMLETF Comparison

ETF 1

FELC

Fidelity Enhanced Large Cap Core ETF

This fund is part of

US Large Cap

+0.86%

Full FELC fund page

VS

ETF 2

QVML

Invesco S&P 500 QVM Multi-factor ETF

This fund is part of

US Multi-Factor

+0.67%

Full QVML fund page

Fidelity Enhanced Large Cap Core ETF (FELC) belongs to the US Large Cap segment. Invesco S&P 500 QVM Multi-factor ETF (QVML) is part of the US Multi-Factor segment. FELC's top 3 sector exposures are Technology, Finance and Industrials. In contrast, QVML's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. FELC is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.11% for QVML. FELC is up 14.76% year-to-date (YTD) with +$1.50B in YTD flows. QVML performs worse with 13.6% YTD performance, and -$23M in YTD flows. Run a side-by-side ETF comparison of FELC and QVML 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 QVML 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 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FELC QVML	-0.41%-0.72%	+5.67%+4.18%	+14.76%+13.60%	+19.61%+18.13%	n/a+79.60%	n/a+85.97%
Flows	FELC QVML	+$240M+$132M	+$336M-$19M	+$1.50B-$23M	+$2.17B+$7M	-+$164M	-+$206M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FELC QVML	+11.57%+11.85%	+12.92%+12.52%	n/a+14.97%	n/a+16.66%
Max drawdown	FELC QVML	-2.73%-3.39%	-9.05%-8.73%	n/a-18.54%	n/a-23.56%
Max drawdown duration	FELC QVML	16d16d	70d70d	n/a127d	n/a707d

Trading data

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	FELC	QVML
Last sale 9/14/2026 at 1:30 PM	$43.35	$45.13
Previous close 09/11/2026	$43.58	$45.38
Consolidated volume 09/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 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	QVML
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/14/2026 at 1:30 PM

Live

Closed

	FELC	QVML
Last price	$43.35	$45.13
1D performance	-0.53%	-0.56%
AuM	$8.57 B	$1.65 B
E/R	0.18%	0.11%

Characteristics

	FELC	QVML
Management strategy	Active	Passive
Provider	Fidelity	Invesco
Benchmark	-	S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index
N° of holdings	218	449
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	June 30, 2021
ESG	No	No

More FELC data on Trackinsight

More QVML data on Trackinsight

Exposure

Countries

FELC

USA

97.96%

Other

2.04%

QVML

USA

97.36%

Other

2.64%

Sectors

FELC

Technology

46.95%

Finance

15.04%

Industrials

10.12%

Healthcare

9.57%

Consumer Non-Cycl.

7.79%

Other

10.53%

QVML

Technology

47.46%

Finance

14.18%

Consumer Non-Cycl.

9.24%

Healthcare

8.7%

Industrials

7.84%

Other

12.58%

Diversification

FELC

Total weight of top 15 holdings out of 15

45.74%

QVML

Total weight of top 15 holdings out of 15

48.62%

Top 15 holdings

Data as of July 31, 2026

FELC

Apple, Inc.

8.37%

NVIDIA Corp.

7.95%

Microsoft Corp.

4.18%

Amazon.com, Inc.

3.62%

Alphabet, Inc.

3.48%

Broadcom Inc.

2.93%

Alphabet, Inc.

2.28%

Meta Platforms, Inc.

2.04%

JPMorgan Chase & Co.

2.01%

Berkshire Hathaway, Inc.

2.01%

Micron Technology, Inc.

1.80%

Eli Lilly & Co.

1.59%

Mastercard, Inc.

1.22%

GE Aerospace

1.12%

UnitedHealth Group, Inc.

1.12%

QVML

Apple, Inc.

8.80%

NVIDIA Corp.

8.05%

Alphabet, Inc.

6.25%

Microsoft Corp.

5.02%

Amazon.com, Inc.

4.17%

Broadcom Inc.

3.49%

Meta Platforms, Inc.

2.35%

Eli Lilly & Co.

1.54%

Berkshire Hathaway, Inc.

1.53%

Micron Technology, Inc.

1.50%

JPMorgan Chase & Co.

1.48%

Advanced Micro Devices, Inc.

1.32%

ExxonMobil Holdings Corp.

1.06%

Visa, Inc.

1.05%

Johnson & Johnson

1.01%

Frequently asked questions about FELC and QVML

How have the FELC and QVML ETFs performed in 2026?

As of September 11, 2026, FELC is up 14.76% year-to-date (YTD), while QVML has returned 13.6%. That puts FELC better performer ahead so far this year.

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

Year-to-date, the FELC ETF saw +$1.50B in flows, compared to -$23M for QVML.

Which ETF is more volatile: FELC or QVML?

Over the past year, FELC had a volatility of 12.92%, while QVML experienced 12.52%.

Which ETF is bigger: FELC or QVML?

As of September 11, 2026, FELC holds $8.57 B in assets under management (AUM), while QVML manages $1.65 B.

What sectors do the FELC and QVML ETFs invest in?

FELC leans toward sectors like Technology, Finance and Industrials. Meanwhile, QVML focuses on Technology, Finance and Consumer Non-Cyclicals.

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

FELC top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. QVML holds in its top three: Apple, Inc., NVIDIA Corp. and Alphabet, Inc..

Which ETF is more diversified: FELC or QVML?

FELC holds 219 securities with 45.74% of its assets in the top 15. QVML has 449 securities and a top 15 weight of 48.62%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

November 27, 2023

FELC

FELCvsQVMLETF Comparison

Fidelity Enhanced Large Cap Core ETF

Invesco S&P 500 QVM Multi-factor ETF

FELC vs QVML 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 QVML ETFs performed in 2026?

As of September 11, 2026, FELC is up 14.76% year-to-date (YTD), while QVML has returned 13.6%. That puts FELC better performer ahead so far this year.

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

Year-to-date, the FELC ETF saw +$1.50B in flows, compared to -$23M for QVML.

Which ETF is more volatile: FELC or QVML?

Over the past year, FELC had a volatility of 12.92%, while QVML experienced 12.52%.

Which ETF is bigger: FELC or QVML?

As of September 11, 2026, FELC holds $8.57 B in assets under management (AUM), while QVML manages $1.65 B.

What sectors do the FELC and QVML ETFs invest in?

FELC leans toward sectors like Technology, Finance and Industrials. Meanwhile, QVML focuses on Technology, Finance and Consumer Non-Cyclicals.

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

FELC top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. QVML holds in its top three: Apple, Inc., NVIDIA Corp. and Alphabet, Inc..

Which ETF is more diversified: FELC or QVML?

FELC holds 219 securities with 45.74% of its assets in the top 15. QVML has 449 securities and a top 15 weight of 48.62%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

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