BKDV vs FLCV
BNY Mellon Dynamic Value ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, BKDV or FLCV?
Nearly the same fund. FLCV costs less.
FLCV has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. FLCV is less concentrated, with 31.3% of the fund in its ten largest positions against 32.6%.
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 | BKDV | FLCV |
|---|---|---|
| Expense Ratio | 0.60% | 0.32%Best |
| AUM | $2.3B | $233M |
| Dividend Yield | 0.52% | 0.68% |
| Holdings | 162 | 253 |
| YTD Return | +17.52% | +20.43%Best |
| 1Y Return | +24.85% | +27.01%Best |
| Volatility (annualized) | 11.7%Best | 11.8% |
| Max Drawdown | -15.5%Best | -15.9% |
| $10,000 over 2 years | $13,924 | $14,042Best |
| Top 10 Weight | 32.6% | 31.3%Best |
| Fund Family | BNY Mellon Investment Management | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2024 | Jul 30, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Nov 4, 2024 to Nov 6, 2026 (2 years).
BKDV vs FLCV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
BKDV vs FLCV Performance
BNY Mellon Dynamic Value ETF (BKDV) is an ETF from BNY Mellon Investment Management and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year BKDV returned +24.85% while FLCV returned +27.01%. Year to date, BKDV is up 17.52% versus a gain of 20.43% for FLCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLCV has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 11.7% for BKDV. 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 -15.5% for BKDV and -15.9% for FLCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BKDV charges 0.60% per year while FLCV charges 0.32%. On a $10,000 position that is $60 vs $32 annually, a gap of $28 per year that compounds over a long holding period. On income, BKDV currently yields 0.52% against 0.68% for FLCV.
Holdings Overlap
42.1% of BKDV's money is in holdings FLCV also owns. 38.8% of FLCV's money is in holdings BKDV also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 81 positions we hold weights for in BKDV and 126 in FLCV, against full books of 162 and 253.
What only one of them owns
Our book lists 102 positions for FLCV that do not appear in our book for BKDV (61.1% of the fund), and 56 for BKDV that do not appear in FLCV (56.3%).
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 BKDV | Weight in FLCV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 5.51% | 5.69% | 0.18% |
| MSFTMicrosoft Corp | 5.99% | 4.43% | 1.56% |
| AAPLApple Inc | 3.38% | 6.24% | 2.86% |
| JPMJpmorgan Chase | 3.71% | 1.74% | 1.97% |
| ABBVAbbvie Inc. | 1.48% | 3.14% | 1.66% |
| JNJJohnson & Johnson - Common | 1.90% | 1.53% | 0.37% |
| UNHUnitedhealth Group Incorporated | 2.32% | 1.05% | 1.27% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.87% | 1.50% | 0.37% |
| RTXRtx Corp. | 1.30% | 1.41% | 0.11% |
| NEMNewmont Corp. | 1.60% | 1.01% | 0.59% |
42.1% of BKDV is already inside FLCV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKDV or FLCV?
BKDV has an expense ratio of 0.60% while FLCV charges 0.32%. FLCV is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, BKDV or FLCV?
Over the past year BKDV returned +24.85% vs +27.01% for FLCV, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +18.00% vs +18.50% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKDV or FLCV?
FLCV has been the more volatile fund at 11.8% annualized versus 11.7% for BKDV. Worst drawdown: BKDV -15.5% vs FLCV -15.9%.
Should I hold both BKDV and FLCV?
BKDV and FLCV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BKDV and FLCV?
42.1% of BKDV's money is in holdings FLCV also owns. 38.8% of FLCV's is in holdings BKDV also owns. They hold 24 positions in common, counted across the 81 positions we hold weights for in BKDV and 126 in FLCV.
Which pays a higher dividend, BKDV or FLCV?
BKDV yields 0.52% while FLCV yields 0.68%, so FLCV currently pays the higher dividend yield.
Is FLCV better than BKDV?
FLCV has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. FLCV is less concentrated, with 31.3% of the fund in its ten largest positions against 32.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.