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VPXvsFELCETF Comparison

ETF 1

VPX

Variant Perception Cycle Aware US Equity ETF

This fund is part of

US Multi-Factor

-0.38%

Full VPX fund page

VS

ETF 2

FELC

Fidelity Enhanced Large Cap Core ETF

This fund is part of

US Large Cap

-0.42%

Full FELC fund page

Variant Perception Cycle Aware US Equity ETF (VPX) belongs to the US Multi-Factor segment. Fidelity Enhanced Large Cap Core ETF (FELC) is part of the US Large Cap segment. VPX's top 3 sector exposures are Information Technology, Financials and Health Care. In contrast, FELC's top sector exposures are Information Technology, Communication Services and Financials. VPX is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.18% for FELC. Run a side-by-side ETF comparison of VPX and FELC 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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VPX vs FELC 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 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VPX FELC	+13.07%+12.60%	n/a+2.76%	n/a+4.25%	n/a+30.36%	n/an/a	n/an/a
Flows	VPX FELC	+$2M+$14M	-+$311M	-+$610M	-+$1.66B	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VPX FELC	n/a+15.33%	n/a+12.53%	n/an/a	n/an/a
Max drawdown	VPX FELC	n/a-9.05%	n/a-9.05%	n/an/a	n/an/a
Max drawdown duration	VPX FELC	n/a70d	n/a70d	n/an/a	n/an/a

Trading data

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	VPX	FELC
Last sale 4/29/2026 at 2:21 PM		$39.66
Previous close 04/28/2026		$39.70
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/29/2026 at 2:21 PM

Live

Closed

	VPX	FELC
Last price	–	$39.66
1D performance	–	-0.10%
AuM	$37.89 M	$6.95 B
E/R	0.75%	0.18%

Characteristics

	VPX	FELC
Management strategy	Active	Active
Provider	Alpha Architect	Fidelity
Benchmark	-	-
N° of holdings	2770	186
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 11, 2026	November 20, 2023
ESG	No	No

More VPX data on Trackinsight

More FELC data on Trackinsight

Exposure

Countries

VPX

USA

96.24%

Other

3.76%

FELC

USA

97.07%

Other

2.93%

Sectors

VPX

Information Techn.

37.93%

Financials

13.83%

Health Care

9.72%

Consumer Discreti.

7.38%

Other

31.14%

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%

Diversification

VPX

Total weight of top 15 holdings out of 15

46.49%

FELC

Total weight of top 15 holdings out of 15

45.76%

Top 15 holdings

Data as of March 31, 2026

VPX

NVIDIA

7.29%

APPLE

4.11%

MICROSOFT-T

4.09%

BERKSHIRE HATHWAY

3.74%

LILLY

3.65%

BROADCOM LIMITED

3.20%

AMAZON.COM INC

2.74%

TESLA

2.51%

ORACLE SYS

2.45%

ALPHABET INC-CL

2.29%

JOHNSON&JOHNSON

2.23%

VISA INCORPORATION

2.15%

CHEVRON TEXACO

2.10%

JPMORGAN CHASE

2.03%

MICRON TECHNOLOGY

1.91%

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%

Frequently asked questions about VPX and FELC

Which ETF is bigger: VPX or FELC?

As of April 28, 2026, VPX holds $37.89 M in assets under management (AUM), while FELC manages $6.95 B.

What sectors do the VPX and FELC ETFs invest in?

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

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

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

Which ETF is more diversified: VPX or FELC?

VPX holds 3449 securities with 46.49% of its assets in the top 15. FELC has 198 securities and a top 15 weight of 45.76%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

November 27, 2023

FELC

VPXvsFELCETF Comparison

Variant Perception Cycle Aware US Equity ETF

Fidelity Enhanced Large Cap Core ETF

VPX vs FELC 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

Which ETF is bigger: VPX or FELC?

As of April 28, 2026, VPX holds $37.89 M in assets under management (AUM), while FELC manages $6.95 B.

What sectors do the VPX and FELC ETFs invest in?

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

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

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

Which ETF is more diversified: VPX or FELC?

VPX holds 3449 securities with 46.49% of its assets in the top 15. FELC has 198 securities and a top 15 weight of 45.76%.

Fidelity Continues Trend of Mutual Fund Conversions to ETFs

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up