FFLCvsMSLCETF Comparison
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Fidelity Fundamental Large Cap Core ETF (FFLC) belongs to the Global Large Cap segment. Morgan Stanley Pathway Large Cap Equity ETF (MSLC) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. FFLC is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.63% for MSLC. FFLC is up 13.1% year-to-date (YTD) with +$165M in YTD flows. MSLC performs worse with 12.02% YTD performance, and +$132M in YTD flows. Run a side-by-side ETF comparison of FFLC and MSLC 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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FFLC vs MSLC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FFLC MSLC | +2.95%+3.84% | +1.94%+2.83% | +13.10%+12.02% | +18.56%+16.59% | +84.08%n/a | +116.62%n/a |
| Flows | FFLC MSLC | +$4M-$9M | +$30M-$18M | +$165M+$132M | +$218M+$265M | +$795M- | +$829M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FFLC MSLC | +14.11%+12.41% | +13.73%+12.45% | +15.72%n/a | +16.71%n/a |
| Max drawdown | FFLC MSLC | -4.04%-4.07% | -9.91%-9.33% | -19.59%n/a | -19.59%n/a |
| Max drawdown duration | FFLC MSLC | 8d59d | 63d92d | 153dn/a | 153dn/a |
Trading data
FFLC | MSLC | |
Last sale 8/31/2026 at 1:30 PM | $59.71 | $60.64 |
| Previous close 08/28/2026 | $60.03 | $60.86 |
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
FFLC | MSLC | |
|---|---|---|
| Last price | $59.71 | $60.64 |
| 1D performance | -0.53% | -0.36% |
| AuM | $1.22 B | $4.08 B |
| E/R | 0.38% | 0.63% |
Characteristics
FFLC | MSLC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 108 | 766 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 2, 2020 | December 6, 2024 |
| ESG | No | No |
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Exposure
Countries
FFLC
USA
88.15%
Other
11.85%
MSLC
USA
94.56%
Other
5.44%
Sectors
FFLC
Technology
40.64%
Finance
14.11%
Industrials
11.67%
Consumer Non-Cycl.
10.14%
Healthcare
9.32%
Other
14.13%
MSLC
Technology
40.02%
Finance
16.19%
Industrials
9.22%
Consumer Non-Cycl.
8.91%
Healthcare
8.59%
Other
17.08%
Diversification
FFLC
Total weight of top 15 holdings out of 15
47.38%
MSLC
Total weight of top 15 holdings out of 15
39.92%
Top 15 holdings
Data as of July 31, 2026
FFLC
NVIDIA Corp.
8.57%
Alphabet, Inc.
6.80%
Amazon.com, Inc.
4.65%
Apple, Inc.
4.47%
Meta Platforms, Inc.
3.26%
Broadcom Inc.
2.53%
Microsoft Corp.
2.27%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.13%
US30233Q1085
2.01%
Visa, Inc.
1.99%
The Boeing Co.
1.89%
Bank of America Corp.
1.74%
Western Digital Corp.
1.74%
Eli Lilly & Co.
1.68%
Wells Fargo & Co.
1.64%
MSLC
NVIDIA Corp.
6.38%
Apple, Inc.
5.52%
Microsoft Corp.
5.28%
Amazon.com, Inc.
4.60%
Alphabet, Inc.
3.11%
Broadcom Inc.
2.55%
Alphabet, Inc.
2.09%
Meta Platforms, Inc.
2.06%
JPMorgan Chase & Co.
1.62%
Visa, Inc.
1.33%
Micron Technology, Inc.
1.27%
Berkshire Hathaway, Inc.
1.19%
US30233Q1085
1.02%
Tesla, Inc.
0.97%
Cisco Systems, Inc.
0.90%
Frequently asked questions about FFLC and MSLC
How have the FFLC and MSLC ETFs performed in 2026?
As of August 28, 2026, FFLC is up 13.1% year-to-date (YTD), while MSLC has returned 12.02%. That puts FFLC better performer ahead so far this year.
Which ETF is attracting more investor money: FFLC or MSLC?
Year-to-date, the FFLC ETF saw +$165M in flows, compared to +$132M for MSLC.
Which ETF is more volatile: FFLC or MSLC?
Over the past year, FFLC had a volatility of 13.73%, while MSLC experienced 12.45%.
Which ETF is bigger: FFLC or MSLC?
As of August 28, 2026, FFLC holds $1.22 B in assets under management (AUM), while MSLC manages $4.08 B.
What sectors do the FFLC and MSLC ETFs invest in?
FFLC leans toward sectors like Technology, Finance and Industrials. Meanwhile, MSLC focuses on Technology, Finance and Industrials.
What are the top holdings of the FFLC ETF and MSLC ETF?
FFLC top holdings include NVIDIA Corp., Alphabet, Inc. and Amazon.com, Inc.. MSLC holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: FFLC or MSLC?
FFLC holds 109 securities with 47.38% of its assets in the top 15. MSLC has 786 securities and a top 15 weight of 39.92%.
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