BLCV vs FLCV
iShares Large Cap Value Active ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, BLCV or FLCV?
FLCV has been ahead.
FLCV has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. FLCV is less concentrated, with 31.3% of the fund in its ten largest positions against 42.0%.
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 | BLCV | FLCV |
|---|---|---|
| Expense Ratio | 0.45% | 0.32%Best |
| AUM | $356M | $233M |
| Dividend Yield | 1.24% | 0.68% |
| Holdings | 109 | 253 |
| YTD Return | +15.51% | +20.43%Best |
| 1Y Return | +21.95% | +27.01%Best |
| 3Y Return (annualized) | +20.15% | - |
| Volatility (annualized) | 11.5%Best | 11.7% |
| Max Drawdown | -13.4%Best | -15.9% |
| $10,000 over 2.3 years | $14,030 | $14,980Best |
| Top 10 Weight | 42.0% | 31.3%Best |
| Fund Family | BlackRock, Inc. (US) | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 19, 2023 | Jul 30, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 31, 2024 to Nov 6, 2026 (2.3 years).
BLCV 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 2.3 years both funds cover.
BLCV vs FLCV Performance
iShares Large Cap Value Active ETF (BLCV) is an ETF from BlackRock, Inc. (US) and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year BLCV returned +21.95% while FLCV returned +27.01%. Year to date, BLCV is up 15.51% 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 11.7% compared with 11.5% for BLCV. 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 -13.4% for BLCV 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BLCV charges 0.45% per year while FLCV charges 0.32%. On a $10,000 position that is $45 vs $32 annually, a gap of $13 per year that compounds over a long holding period. On income, BLCV currently yields 1.24% against 0.68% for FLCV.
Holdings Overlap
42.1% of BLCV's money is in holdings FLCV also owns. 24.5% of FLCV's money is in holdings BLCV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 54 positions we hold weights for in BLCV and 126 in FLCV, against full books of 109 and 253.
What only one of them owns
Our book lists 112 positions for FLCV that do not appear in our book for BLCV (75.5% of the fund), and 39 for BLCV that do not appear in FLCV (55.4%).
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 BLCV | Weight in FLCV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.87% | 5.69% | 2.18% |
| MSFTMicrosoft Corp | 8.93% | 4.43% | 4.50% |
| AAPLApple Inc | 5.97% | 6.24% | 0.27% |
| CVXChevron Corp | 3.82% | 0.63% | 3.19% |
| JNJJohnson & Johnson - Common | 2.25% | 1.53% | 0.72% |
| SCHWSchwab Strategic T | 2.96% | 0.68% | 2.28% |
| UNHUnitedhealth Group Incorporated | 2.12% | 1.05% | 1.07% |
| PPGPpg Industries Inc. | 2.10% | 0.64% | 1.46% |
| CVSCvs Health Corp | 2.26% | 0.44% | 1.82% |
| INTCIntel Corp. | 1.24% | 0.78% | 0.46% |
42.1% of BLCV 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.
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Frequently Asked Questions
Which is cheaper, BLCV or FLCV?
BLCV has an expense ratio of 0.45% while FLCV charges 0.32%. FLCV is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, BLCV or FLCV?
Over the past year BLCV returned +21.95% vs +27.01% for FLCV, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), BLCV annualized +15.86% vs +19.21% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BLCV or FLCV?
FLCV has been the more volatile fund at 11.7% annualized versus 11.5% for BLCV. Worst drawdown: BLCV -13.4% vs FLCV -15.9%.
Should I hold both BLCV and FLCV?
BLCV and FLCV have a monthly-return correlation of 0.94, 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 BLCV and FLCV?
42.1% of BLCV's money is in holdings FLCV also owns. 24.5% of FLCV's is in holdings BLCV also owns. They hold 14 positions in common, counted across the 54 positions we hold weights for in BLCV and 126 in FLCV.
Which pays a higher dividend, BLCV or FLCV?
BLCV yields 1.24% while FLCV yields 0.68%, so BLCV currently pays the higher dividend yield.
Is FLCV better than BLCV?
FLCV has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. FLCV is less concentrated, with 31.3% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.