AELV vs FBCV
Harbor AlphaEdge Large Cap Value ETF vs Fidelity Blue Chip Value ETF
Which is better, AELV or FBCV?
FBCV has been ahead.
AELV has a lower expense ratio. FBCV led over 1Y and the full window. FBCV is less concentrated, with 32.4% of the fund in its ten largest positions against 37.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AELV | FBCV |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.57% |
| AUM | $3M | $199M |
| Dividend Yield | 1.38% | 1.18% |
| Holdings | 150 | 135 |
| Volatility (annualized) | 10.7%Best | 11.6% |
| Max Drawdown | -16.6% | -14.3%Best |
| $10,000 over 2.1 years | $13,581 | $13,605Best |
| Top 10 Weight | 37.0% | 32.4%Best |
| Fund Family | Harbor Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | Jun 2, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 27 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AELV has data through Oct 15, 2026 and FBCV through Nov 11, 2026.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 15, 2026 (2.1 years).
Risk: Volatility and Drawdowns
FBCV has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 10.7% for AELV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for AELV and -14.3% for FBCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AELV charges 0.25% per year while FBCV charges 0.57%. On a $10,000 position that is $25 vs $57 annually, a gap of $32 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 1.18% for FBCV.
Holdings Overlap
30.1% of AELV's money is in holdings FBCV also owns. 32.1% of FBCV's money is in holdings AELV also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 75 positions we hold weights for in AELV and 113 in FBCV, against full books of 150 and 135.
What only one of them owns
Our book lists 87 positions for FBCV that do not appear in our book for AELV (59.6% of the fund), and 55 for AELV that do not appear in FBCV (68.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AELV | Weight in FBCV | Difference |
|---|---|---|---|
| AAPLApple Inc | 7.05% | 3.74% | 3.31% |
| AMZNAmazon.Com Inc | 3.20% | 6.97% | 3.77% |
| MSFTMicrosoft Corp | 3.13% | 5.53% | 2.40% |
| XOMExxonmobil Corp. | 0.74% | 3.37% | 2.63% |
| VVisa Inc Class A | 2.86% | 1.03% | 1.83% |
| GDGeneral Dynamics Corp. | 3.01% | 0.08% | 2.93% |
| MRKMerck & Company Inc | 0.58% | 2.49% | 1.91% |
| AMPAmeriprise Financial Inc | 2.07% | 0.64% | 1.43% |
| TRVTravelers Cos Inc/The | 0.55% | 1.98% | 1.43% |
| COPConocophillips Common Stock USD 0.01 | 0.50% | 1.91% | 1.41% |
32.1% of FBCV is already inside AELV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, AELV or FBCV?
AELV has an expense ratio of 0.25% while FBCV charges 0.57%. AELV is the cheaper option, by $32 a year on a $10,000 investment.
Which is riskier, AELV or FBCV?
FBCV has been the more volatile fund at 11.6% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs FBCV -14.3%.
Should I hold both AELV and FBCV?
AELV and FBCV have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AELV and FBCV?
32.1% of FBCV's money is in holdings AELV also owns. 32.1% of FBCV's is in holdings AELV also owns. They hold 17 positions in common, counted across the 75 positions we hold weights for in AELV and 113 in FBCV.
Which pays a higher dividend, AELV or FBCV?
AELV yields 1.38% while FBCV yields 1.18%, so AELV currently pays the higher dividend yield.
Is FBCV better than AELV?
AELV has a lower expense ratio. FBCV led over 1Y and the full window. FBCV is less concentrated, with 32.4% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.