ELCV vs FFLV
Eventide High Dividend ETF vs Fidelity Fundamental Large Cap Value ETF
Quick Verdict
FFLV has a lower expense ratio. FFLV delivered stronger 1-year returns. FFLV offers more diversification with 109 holdings.
Side-by-Side Comparison
| Metric | ELCV | FFLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.38% | |
| AUM | $262M | $16M | |
| Dividend Yield | 2.15% | 1.36% | |
| Holdings | 47 | 109 | |
| YTD Return | +21.66% | +18.48% | |
| 1Y Return | +26.89% | +29.80% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 13.9% | 12.3% | |
| Max Drawdown | -18.4% | -16.7% | |
| Fund Family | Eventide | Fidelity Investments (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Feb 9, 2024 |
ELCV vs FFLV Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US). Over the past year ELCV returned +26.89% while FFLV returned +29.80%. Year to date, ELCV is up 21.66% versus a gain of 18.48% for FFLV.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 12.3% for FFLV. 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 -18.4% for ELCV and -16.7% for FFLV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ELCV charges 0.49% per year while FFLV charges 0.38%. On a $10,000 position that is $49 vs $38 annually, a gap of $11 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 1.36% for FFLV.
Holdings Overlap
ELCV and FFLV share 9 holdings out of 149 unique holdings combined, representing a 10.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or FFLV?
ELCV has an expense ratio of 0.49% while FFLV charges 0.38%. FFLV is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, ELCV or FFLV?
Over the past year ELCV returned +26.89% vs +29.80% for FFLV, so FFLV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +16.61% vs +17.67% for FFLV. Past performance does not guarantee future results.
Which is riskier, ELCV or FFLV?
ELCV has been the more volatile fund at 13.9% annualized versus 12.3% for FFLV. Worst drawdown: ELCV -18.4% vs FFLV -16.7%.
Should I hold both ELCV and FFLV?
ELCV and FFLV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and FFLV?
ELCV and FFLV share 9 common holdings with a 10.2% weight overlap. Combined, they hold 149 unique securities.
Which pays a higher dividend, ELCV or FFLV?
ELCV yields 2.15% while FFLV yields 1.36%, so ELCV currently pays the higher dividend yield.
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