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FELCvsSMAXETF 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

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.52%

Full SMAX fund page

Fidelity Enhanced Large Cap Core ETF (FELC) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. FELC's top 3 sector exposures are Technology, Finance and Industrials. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. FELC is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.53% for SMAX. FELC is up 14.76% year-to-date (YTD) with +$1.50B in YTD flows. SMAX performs worse with 5.38% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of FELC and SMAX 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 SMAX 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 SMAX	-0.41%+0.51%	+5.67%+2.24%	+14.76%+5.38%	+19.61%+7.28%	n/an/a	n/an/a
Flows	FELC SMAX	+$240M-$1M	+$336M-$4M	+$1.50B-$34M	+$2.17B+$515K	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FELC SMAX	+11.57%+2.14%	+12.92%+2.77%	n/an/a	n/an/a
Max drawdown	FELC SMAX	-2.73%-0.49%	-9.05%-1.93%	n/an/a	n/an/a
Max drawdown duration	FELC SMAX	16d14d	70d44d	n/an/a	n/an/a

Trading data

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	FELC	SMAX
Last sale 9/11/2026 at 1:30 PM	$43.58	$28.33
Previous close 09/10/2026	$43.22	$28.28
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	FELC	SMAX
Last price	$43.58	$28.33
1D performance	+0.83%	+0.17%
AuM	$8.57 B	$88.41 M
E/R	0.18%	0.53%

Characteristics

	FELC	SMAX
Management strategy	Active	Active
Provider	Fidelity	iShares
Benchmark	-	-
N° of holdings	218	501
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2023	September 30, 2024
ESG	No	No

More FELC data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

FELC

USA

97.96%

Other

2.04%

SMAX

USA

102.01%

Other

-2.01%

Sectors

FELC

Technology

46.95%

Finance

15.04%

Industrials

10.12%

Healthcare

9.57%

Consumer Non-Cycl.

7.79%

Other

10.53%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

FELC

Total weight of top 15 holdings out of 15

45.74%

SMAX

Total weight of top 15 holdings out of 15

45.4%

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%

SMAX

Apple, Inc.

7.90%

NVIDIA Corp.

7.62%

Microsoft Corp.

5.40%

Amazon.com, Inc.

3.72%

Alphabet, Inc.

3.16%

Broadcom Inc.

2.96%

Alphabet, Inc.

2.54%

Meta Platforms, Inc.

1.91%

Micron Technology, Inc.

1.59%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.47%

BlackRock Cash Funds - Treasury

1.42%

Tesla, Inc.

1.40%

Advanced Micro Devices, Inc.

1.28%

Frequently asked questions about FELC and SMAX

How have the FELC and SMAX ETFs performed in 2026?

As of September 11, 2026, FELC is up 14.76% year-to-date (YTD), while SMAX has returned 5.38%. That puts FELC better performer ahead so far this year.

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

Year-to-date, the FELC ETF saw +$1.50B in flows, compared to -$34M for SMAX.

Which ETF is more volatile: FELC or SMAX?

Over the past year, FELC had a volatility of 12.92%, while SMAX experienced 2.77%.

Which ETF is bigger: FELC or SMAX?

As of September 11, 2026, FELC holds $8.57 B in assets under management (AUM), while SMAX manages $88.41 M.

What sectors do the FELC and SMAX ETFs invest in?

FELC leans toward sectors like Technology, Finance and Industrials. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

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

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

Which ETF is more diversified: FELC or SMAX?

FELC holds 219 securities with 45.74% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

November 27, 2023

FELC

FELCvsSMAXETF Comparison

Fidelity Enhanced Large Cap Core ETF

iShares Large Cap Max Buffer Sep ETF

FELC vs SMAX 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 SMAX ETFs performed in 2026?

As of September 11, 2026, FELC is up 14.76% year-to-date (YTD), while SMAX has returned 5.38%. That puts FELC better performer ahead so far this year.

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

Year-to-date, the FELC ETF saw +$1.50B in flows, compared to -$34M for SMAX.

Which ETF is more volatile: FELC or SMAX?

Over the past year, FELC had a volatility of 12.92%, while SMAX experienced 2.77%.

Which ETF is bigger: FELC or SMAX?

As of September 11, 2026, FELC holds $8.57 B in assets under management (AUM), while SMAX manages $88.41 M.

What sectors do the FELC and SMAX ETFs invest in?

FELC leans toward sectors like Technology, Finance and Industrials. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

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

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

Which ETF is more diversified: FELC or SMAX?

FELC holds 219 securities with 45.74% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

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