FLCV vs IVV
Federated Hermes MDT Large Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FLCV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLCV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.03% | |
| AUM | $127M | $865.2B | |
| Dividend Yield | 0.72% | 1.09% | |
| Holdings | 127 | 508 | |
| YTD Return | +21.68% | +14.50% | |
| 1Y Return | +27.72% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 11.4% | 15.1% | |
| Max Drawdown | -15.9% | -56.5% | |
| Fund Family | Federated Hermes | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | May 15, 2000 |
FLCV vs IVV Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is a ETF from Federated Hermes and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLCV returned +27.72% while IVV returned +22.02%. Year to date, FLCV is up 21.68% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV. 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 0.79. 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 0.72% against 1.09% for IVV.
Holdings Overlap
FLCV and IVV share 103 holdings out of 531 unique holdings combined, representing a 26.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $29 per year of difference.
Which performed better, FLCV or IVV?
Over the past year FLCV returned +27.72% vs +22.02% for IVV, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +22.25% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, FLCV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.4% for FLCV. Worst drawdown: FLCV -15.9% vs IVV -56.5%.
Should I hold both FLCV and IVV?
FLCV and IVV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCV and IVV?
FLCV and IVV share 103 common holdings with a 26.1% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, FLCV or IVV?
FLCV yields 0.72% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.