Data as of Oct 28, 2026.
FELV vs VOOV: Differences, Returns & Fees
Over the year to Oct 28, 2026, FELV returned +28.8% to VOOV's +15.5%; 40% of their weight is in the same names.
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Net assets on Sep 30, 2026: $3.4bn for Fidelity Enhanced Large Cap Value ETF and $6.6bn for Vanguard S&P 500 Value ETF.
Pair scorecard
VOOV costs 0.11 points a year less; their one-year returns differ by 13.3 points; VOOV is 1.9 times larger.
| Measure | FELV | VOOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +28.8% | +15.5% |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Value Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.07% |
| Net assets, as of Sep 30, 2026 | $3.4bn | $6.6bn |
| Holdings | ||
| Holdings in common | 40% | |
| Top ten holdings, share of the fund | 26.2% | 24.8% |
Holdings in common uses holdings dated Jun 30, 2026 and Sep 30, 2026. Method
Risk and return
Dec 1, 2023 to Oct 23, 2026 · 151 weekly returnsFELV returned more: +75.1% to +50.9%. VOOV swung slightly less: 11.4% to 12.0%. FELV fell slightly less at its worst: −14.3% to −15.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FELV | VOOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +75.1% | +50.9% | FELV | Price change plus distributions, reinvested. |
| Annualized | +21.3% | +15.2% | FELV | Total return as a yearly rate. |
| Price return | +66.4% | +42.4% | FELV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.0% | 11.4% | VOOV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.2% | 8.1% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.3% | −15.3% | FELV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.30 | 0.91 | FELV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.92 | 1.29 | FELV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.49 | 0.99 | FELV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 151 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FELV and VOOV hold 40% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Sep 30, 2026.
half
40% in common
Only in one fund ↓
Side by side
FELV and VOOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FELV and VOOV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FELV follows No index, actively managed and VOOV follows S&P 500 Value Index.
- Holdings in common. 40% of the weight is in the same securities (holdings dated Jun 30, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FELV returned +28.8% and VOOV +15.5% with distributions reinvested, a gap of 13.3 points.
Data as of Oct 28, 2026.
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FELV
FELV is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +28.8% 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%.
VOOV
VOOV tracks an index. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the S&P 500 Value Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 438 positions, with the top ten at 24.8%.
Questions people ask
- Which returned more over the last year, FELV or VOOV?
- In the year to Oct 28, 2026, with distributions reinvested, FELV returned +28.8% and VOOV +15.5%.
- Which is cheaper, FELV or VOOV?
- VOOV is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, FELV against VOOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/felv-vs-voov
ETFIQ. (Oct 28, 2026). FELV against VOOV. Retrieved from https://etfiq.com/compare/any/felv-vs-voov
[FELV against VOOV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/felv-vs-voov)
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