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FELV vs SPYV: Differences, Returns & Fees

FELV and SPYV hold 50% 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 $36.2bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 Value ETF.

SPYV costs 0.14 points a year less; their one-year returns differ by 14.0 points; SPYV is 10.4 times larger.

FELV vs SPYV: Differences, Returns & Fees
FELVSPYV
Expense ratio0.18%0.04%
Net assets, as of Sep 30, 2026$3.4bn$35.6bn
Total return, 1 year+28.5%+14.5%
What it tracksNo index, actively managedS&P 500 Value Index ?
Holdings in common50%
Top ten holdings, share of the fund26.2%24.7%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 8, 2026.

+28.5%
FELV total return, 1 year
+14.5%
SPYV total return, 1 year
0.18%
FELV expense ratio
0.04%
SPYV expense ratio

What they hold in common

By the books each fund has filed, FELV and SPYV hold 50% 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 8, 2026.

half

50% in common

Positions both hold, largest shared weight first
Holding FELV SPYV
APPLE INC 4.66% 8.40%
AMAZON.COM INC 5.15% 3.96%
INTEL CORP 1.77% 1.80%
UNITEDHEALTH GROUP INC 1.18% 1.13%
WALMART INC 1.01% 1.67%
CHEVRON CORP NEW 0.98% 1.41%
JPMORGAN CHASE and CO 2.62% 0.95%
BANK OF AMERICA CORPORATION 0.86% 1.18%
JOHNSON and JOHNSON 1.30% 0.86%
WELLS FARGO and CO 0.97% 0.84%
PROCTER and GAMBLE CO 0.78% 1.18%
MERCK and CO INC 0.72% 1.19%
Only in FELV
MICROSOFT CORP 3.39%
BERKSHIRE HATHAWAY INC DEL 3.08%
EXXON MOBIL CORP 1.80%
RTX CORP 1.09%
WELLTOWER INC 0.79%
APPLIED MATERIALS INC 0.65%
AMPHENOL CORPORATION NEW 0.59%
ALPHABET INC 0.56%
Only in SPYV
EXXONMOBIL HOLDINGS CORP 2.34%
TESLA INC 1.36%
VISA INC CLASS A SHARES 0.97%
DELL TECHNOLOGIES C 0.59%
UNION PACIFIC CORP 0.56%
DEERE + CO 0.55%
PALO ALTO NETWORKS INC 0.48%
ACCENTURE PLC CL A 0.43%

Check overlap with more funds →

On the same fields

FELV
Fidelity Enhanced Large Cap Value ETF
SPYV
State Street SPDR Portfolio S&P 500 Value ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity State Street
What it is Actively managed Tracks an index
Total return, 1 year +28.5% +14.5%
Its benchmark over the same days not published +14.4% (IVE)
Gap to its benchmark not available +0.1 pts vs IVE
Expense ratio 0.18% 0.04%
Already in the S&P 500 87.5% 99.8%
Holdings 351 435
Net assets, FELV as of Sep 30, 2026 and SPYV as of Oct 8, 2026 $3.4bn $36.2bn

FELV and SPYV 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 SPYV

SPYV tracks an index. Over the year to Oct 9, 2026 it returned +14.5% with distributions reinvested, against +14.4% for its benchmark, the S&P 500 Value Index ?. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 435 positions, with the top ten at 24.7%.

Questions people ask

Which returned more over the last year, FELV or SPYV?
In the year to Oct 9, 2026, with distributions reinvested, FELV returned +28.5% and SPYV +14.5%.
Which is cheaper, FELV or SPYV?
SPYV is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FELV and SPYV overlap with the S&P 500?
By their latest filed holdings, 88% of FELV and 100% of SPYV by weight is stocks the S&P 500 already holds.
Other comparisons
DGRO vs FELVFELV vs IUSVFELV vs IVEFELV vs FNDXIWX vs SPYVSPHD vs SPYVNULV vs SPYVPWV vs SPYV
FELV on its own →SPYV 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 ↗SPYV filings on SEC EDGAR ↗SPYV prospectus with the expense ratio (SEC) ↗State Street website ↗

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 SPYV, data as of Oct 9, 2026. https://etfiq.com/compare/any/felv-vs-spyv

Open data

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