FELC vs USMV: Differences, Returns & Fees
FELC and USMV hold 23% of their weight in the same names, and FELC returned +19.2% over the year. Net assets: $8.6bn on Sep 30, 2026 for Fidelity Enhanced Large Cap Core ETF, and $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF.
USMV costs 0.03 points a year less; their one-year returns differ by 11.7 points; USMV is 2.7 times larger.
| FELC | USMV | |
|---|---|---|
| Expense ratio | 0.18% | 0.15% |
| Net assets, as of Sep 30, 2026 | $8.6bn | $23.2bn |
| Total return, 1 year | +19.2% | +7.5% |
| What it tracks | No index, actively managed | MSCI USA Minimum Volatility (USD) Index |
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 38.4% | 15.1% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, FELC and USMV hold 23% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 9, 2026.
half
23% in common
On the same fields
FELC and USMV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About FELC
FELC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +19.2% with distributions reinvested. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 252 positions, with the top ten at 38.4%.
About USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, FELC or USMV?
- In the year to Oct 9, 2026, with distributions reinvested, FELC returned +19.2% and USMV +7.5%.
- Which is cheaper, FELC or USMV?
- USMV is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FELC against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/felc-vs-usmv
ETFIQ. (Oct 9, 2026). FELC against USMV. Retrieved from https://etfiq.com/compare/any/felc-vs-usmv
[FELC against USMV (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/felc-vs-usmv)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.