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FELV vs SPLV: Differences, Returns & Fees

FELV and SPLV hold 20% of their weight in the same names, and FELV returned +28.5% over the year. Net assets: $3.4bn on Sep 30, 2026 for Fidelity Enhanced Large Cap Value ETF, and $7.0bn on Oct 9, 2026 for Invesco S&P 500 Low Volatility ETF.

FELV costs 0.07 points a year less; their one-year returns differ by 26.5 points; SPLV is 4.2 times larger.

FELV vs SPLV: Differences, Returns & Fees
FELVSPLV
Expense ratio0.18%0.25%
Net assets, as of Feb 29, 2024$1.9bn$8.1bn
Total return, 1 year+28.5%+2.0%
What it tracksNo index, actively managedS&P 500 Low Volatility Index
Holdings in common20%
Holdings datedJun 30, 2026Oct 10, 2026
Top ten holdings, share of the fund26.2%12.7%
Below its high7.1%, high on Jul 28, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+28.5%
FELV total return, 1 year
+2.0%
SPLV total return, 1 year
0.18%
FELV expense ratio
0.25%
SPLV expense ratio

What they hold in common

By the books each fund has filed, FELV and SPLV hold 20% 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

20% in common

Positions both hold, largest shared weight first
Holding FELV SPLV
BERKSHIRE HATHAWAY INC DEL 3.08% 1.44%
JOHNSON and JOHNSON 1.30% 1.14%
CHEVRON CORP NEW 0.98% 0.99%
JPMORGAN CHASE and CO 2.62% 0.86%
BANK OF AMERICA CORPORATION 0.86% 0.81%
WELLTOWER INC 0.79% 0.93%
PROCTER and GAMBLE CO 0.78% 1.14%
BANK NEW YORK MELLON CORP 0.69% 0.86%
SEMPRA 0.65% 1.01%
US BANCORP DEL 0.64% 0.82%
PEPSICO INC 0.62% 0.89%
MCDONALDS CORP 0.59% 0.99%
Only in FELV
AMAZON.COM INC 5.15%
APPLE INC 4.66%
MICROSOFT CORP 3.39%
EXXON MOBIL CORP 1.80%
INTEL CORP 1.77%
CISCO SYSTEMS INC 1.23%
UNITEDHEALTH GROUP INC 1.18%
RTX CORP 1.09%
Only in SPLV
Evergy Inc 1.28%
WEC Energy Group Inc 1.27%
FirstEnergy Corp 1.27%
Pinnacle West Capital Corp 1.23%
Alliant Energy Corp 1.22%
Aflac Inc 1.18%
CMS Energy Corp 1.16%
DTE Energy Co 1.14%

Check overlap with more funds →

On the same fields

FELV
Fidelity Enhanced Large Cap Value ETF
SPLV
Invesco S&P 500 Low Volatility ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity Invesco
What it is Actively managed Tracks an index
Total return, 1 year +28.5% +2.0%
Expense ratio 0.18% 0.25%
Already in the S&P 500 87.5% 98.7%
Holdings 351 108
Net assets, FELV as of Sep 30, 2026 and SPLV as of Oct 9, 2026 $3.4bn $7.0bn

FELV and SPLV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FELV

FELV is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +28.5% with distributions reinvested. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 351 positions, with the top ten at 26.2%.

About SPLV

SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FELV or SPLV?
In the year to Oct 9, 2026, with distributions reinvested, FELV returned +28.5% and SPLV +2.0%.
Which is cheaper, FELV or SPLV?
FELV is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FELV and SPLV overlap with the S&P 500?
By their latest filed holdings, 88% of FELV and 99% of SPLV by weight is stocks the S&P 500 already holds.
Other comparisons
FELV vs SPYDFELV vs JAVADFLV vs FELVFELV vs FTCSIWD vs SPLVSCHD vs SPLVIWX vs SPLVSPHD vs SPLV
FELV on its own →SPLV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FELV filings on SEC EDGAR ↗FELV prospectus with the expense ratio (SEC) ↗Fidelity website ↗SPLV filings on SEC EDGAR ↗SPLV prospectus with the expense ratio (SEC) ↗Invesco page for SPLV ↗

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, FELV against SPLV, data as of Oct 9, 2026. https://etfiq.com/compare/any/felv-vs-splv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.