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FELC vs OVLH

Fidelity Enhanced Large Cap Core ETF vs Overlay Shares Hedged Large Cap Equity ETF

FELC

Fidelity Enhanced Large Cap Core ETF

Fidelity Investments

Annual cost

0.18%

Fund size

$7.0B

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

Key differences

  • FELC costs 0.62% less per year.
  • FELC is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • FELC is classified as equity, while OVLH is alternative — different risk/return profiles.
  • FELC follows a active selection strategy; OVLH uses volatility strategy.
  • FELC has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FELCOVLH
Annual cost (TER)0.18%0.80%
Fund size (AUM)$7.0B$102M
Since20072021
Dividend yield0.90%0.29%
Asset classequityalternative
Regionnorth americanorth america
Strategyactive selectionvolatility strategy
CAGR 1Y+29.4%+19.1%
CAGR 3YN/A+17.4%
CAGR 5YN/A+9.9%
Sharpe 3YN/A1.35
Volatility 1Y12.06%8.52%
Max drawdown-18.59%-20.69%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FELC and OVLH