FELC vs MGC: Holdings Overlap
FELCFidelity Enhanced Large Cap Core ETF
Fidelity · 210 holdings · $8.4B · as of 2026-03-31
MGCVanguard Mega Cap Index Fund
Vanguard · 173 holdings · $10.3B · as of 2026-05-31
Holdings snapshots are 61 days apart (FELC: 2026-03-31, MGC: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FELC and MGC?
Fidelity Enhanced Large Cap Core ETF (FELC, by Fidelity) holds 210 positions; Vanguard Mega Cap Index Fund (MGC, by Vanguard) holds 173. They have 107 holdings in common, and by portfolio weight the two funds are 66.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 66.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 107FELC holds 210 · MGC holds 173
- Weight in Shared Holdings
- FELC 81%·MGC 87%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FELC
103 of 210 positions (17.7% of the fund) are not held by MGC. Showing the top 30 by weight.
Only in MGC
66 of 173 positions (12.9% of the fund) are not held by FELC. Showing the top 30 by weight.
Sector Breakdown
| Sector | FELC | MGC |
|---|---|---|
| Information Technology | 33.6% | 42.4% |
| Financials | 13.1% | 10.7% |
| Communication Services | 11.9% | 12.2% |
| Consumer Discretionary | 9.7% | 9.7% |
| Industrials | 9.7% | 6.4% |
| Other Sectors | 20.8% | 18.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FELC | +4.4% | +15.7% | +26.2% | — | — | — | 0.81% |
| MGC | +3.6% | +13.6% | +24.3% | +22.7% | +14.0% | +16.2% | 0.89% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FELC vs MGC →
Shared Holdings(107)
The top 10 shared positions account for 57% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.96% | 9.10% | 7.96% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.14% | 8.55% | 7.14% |
 MSFTMicrosoft Corp. COM | 4.70% | 6.24% | 4.70% |
 AMZNAmazon.com, Inc. COM | 3.97% | 4.88% | 3.97% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.10% | 4.13% | 3.10% |
 AVGOBroadcom Inc COM | 3.09% | 3.95% | 3.09% |
 METAMeta Platforms, Inc., Class A | 2.58% | 2.58% | 2.58% |
 GOOGAlphabet Inc. CAP STK CL C | 2.31% | 3.25% | 2.31% |
 LLYEli Lilly & Co. COM | 1.56% | 1.75% | 1.56% |
 BRK-BBerkshire Hathaway, Inc., Class B | 2.09% | 1.53% | 1.53% |
 TSLATesla Inc COM | 1.52% | 2.29% | 1.52% |
 JPMJPMorgan Chase & Co. COM | 1.66% | 1.41% | 1.41% |
 XOMExxon Mobil Corp. COM | 1.49% | 1.13% | 1.13% |
 MUMicron Technology Inc. COM | 1.07% | 2.04% | 1.07% |
 CSCOCisco Systems, Inc. COM | 0.82% | 0.80% | 0.80% |
 MAMasterCard Incorporated CL A | 1.22% | 0.73% | 0.73% |
 ABBVAbbVie Inc. COM | 1.14% | 0.72% | 0.72% |
 JNJJohnson & Johnson COM | 0.65% | 1.01% | 0.65% |
 BACBank of America Corp. COM | 0.71% | 0.62% | 0.62% |
 VVisa, Inc., Class A | 0.61% | 1.02% | 0.61% |
 UNHUnitedHealth Group Inc. COM | 0.60% | 0.64% | 0.60% |
 GEGeneral Electric Co. | 1.01% | 0.60% | 0.60% |
 CVXChevron Corp. COM | 0.59% | 0.65% | 0.59% |
 NFLXNetflix, Inc. COM | 0.57% | 0.68% | 0.57% |
 WMTWalmart Inc COM | 0.54% | 0.95% | 0.54% |
Frequently Asked Questions
How much do FELC and MGC overlap?
FELC and MGC overlap by 66.0% of portfolio weight. They share 107 holdings (FELC holds 210 positions and MGC holds 173), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FELC and MGC?
The two portfolios are 66.0% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of FELC and MGC?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 57% of the total overlap.
What does FELC own that MGC doesn't?
103 positions (17.7% of FELC) are unique to FELC, led by GM, AME and EA. In the other direction, 66 positions (12.9% of MGC) are unique to MGC.