FLCV vs IVV
Federated Hermes MDT Large Cap Value ETF vs iShares Core S&P 500 ETF
Which is better, FLCV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. FLCV led over 1Y and the full window. FLCV is less concentrated, with 30.5% of the fund in its ten largest positions against 37.8%.
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 | FLCV | IVV |
|---|---|---|
| Expense Ratio | 0.32% | 0.03%Best |
| AUM | $139M | $876.4B |
| Dividend Yield | 0.69% | 1.06% |
| Holdings | 127 | 508 |
| YTD Return | +17.62%Best | +12.39% |
| 1Y Return | +21.32%Best | +16.61% |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +13.51% |
| Volatility (annualized) | 11.4%Best | 12.2% |
| Max Drawdown | -15.9%Best | -18.8% |
| $10,000 over 2.1 years | $14,463Best | $14,146 |
| Top 10 Weight | 30.5%Best | 37.8% |
| Fund Family | Federated Hermes | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 30, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jul 31, 2024 to Sep 18, 2026 (2.1 years).
FLCV vs IVV 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 2.1 years both funds cover.
FLCV vs IVV Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FLCV returned +21.32% while IVV returned +16.61%. Year to date, FLCV is up 17.62% versus a gain of 12.39% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.4% for FLCV. 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 -15.9% for FLCV and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLCV charges 0.32% per year while IVV charges 0.03%. On a $10,000 position that is $32 vs $3 annually, a gap of $29 per year that compounds over a long holding period. On income, FLCV currently yields 0.69% against 1.06% for IVV.
Holdings Overlap
88.7% of FLCV's money is in holdings IVV also owns. 43.2% of IVV's money is in holdings FLCV also owns.
Most of FLCV is already inside IVV. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 126 positions we hold weights for in FLCV and 490 in IVV, against full books of 127 and 508.
What only one of them owns
Measured across the 126 and 490 positions we hold weights for.
IVV holds 383 positions FLCV does not, 55.4% of the fund.
Largest: NVDA 8.07%, AVGO 2.65%, GOOG 2.39%, TSLA 1.56%, BRK.B 1.39%
Top Shared Holdings
| Stock | Weight in FLCV | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.91% | 7.02% | 1.11% |
| MSFTMicrosoft Corp | 4.07% | 5.69% | 1.62% |
| AMZNAmazon.Com Inc | 5.68% | 3.84% | 1.84% |
| ABBVAbbvie Inc. | 2.77% | 0.68% | 2.09% |
| JPMJpmorgan Chase | 1.84% | 1.44% | 0.40% |
| GOOGLAlphabet Inc,class A | 0.26% | 3.00% | 2.74% |
| JNJJohnson & Johnson - Common | 1.99% | 0.97% | 1.02% |
| WMTWalmart, Inc. | 2.04% | 0.69% | 1.35% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.57% | 1.01% | 0.56% |
| COSTCostco Wholesale Corp. | 1.59% | 0.63% | 0.96% |
88.7% of FLCV is already inside IVV.
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, FLCV or IVV?
FLCV has an expense ratio of 0.32% while IVV charges 0.03%. IVV is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, FLCV or IVV?
Over the past year FLCV returned +21.32% vs +16.61% for IVV, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +19.21% vs +17.96% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or IVV?
IVV has been the more volatile fund at 12.2% annualized versus 11.4% for FLCV. Worst drawdown: FLCV -15.9% vs IVV -18.8%.
Should I hold both FLCV and IVV?
FLCV and IVV have a monthly-return correlation of 0.78, 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 FLCV and IVV?
88.7% of FLCV's money is in holdings IVV also owns. 43.2% of IVV's is in holdings FLCV also owns. They hold 99 positions in common, counted across the 126 positions we hold weights for in FLCV and 490 in IVV.
Which pays a higher dividend, FLCV or IVV?
FLCV yields 0.69% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than FLCV?
IVV has a lower expense ratio. FLCV led over 1Y and the full window. FLCV is less concentrated, with 30.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.