FLCV vs SCHD
Federated Hermes MDT Large Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, FLCV or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. FLCV led over the full window, SCHD over 1Y. FLCV is less concentrated, with 30.5% of the fund in its ten largest positions against 41.8%.
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 | SCHD |
|---|---|---|
| Expense Ratio | 0.32% | 0.06%Best |
| AUM | $139M | $112.1B |
| Dividend Yield | 0.69% | 3.00% |
| Holdings | 127 | 103 |
| YTD Return | +17.54% | +23.68%Best |
| 1Y Return | +21.22% | +28.36%Best |
| 3Y Return (annualized) | - | +16.20% |
| 5Y Return (annualized) | - | +10.07% |
| Volatility (annualized) | 11.4%Best | 13.3% |
| Max Drawdown | -15.9%Best | -16.1% |
| $10,000 over 2.1 years | $14,425Best | $13,112 |
| Top 10 Weight | 30.5%Best | 41.8% |
| Fund Family | Federated Hermes | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 30, 2024 | Oct 20, 2011 |
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 22, 2026 (2.1 years).
FLCV vs SCHD 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 SCHD Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FLCV returned +21.22% while SCHD returned +28.36%. Year to date, FLCV is up 17.54% versus a gain of 23.68% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.3% 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 -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLCV charges 0.32% per year while SCHD charges 0.06%. On a $10,000 position that is $32 vs $6 annually, a gap of $26 per year that compounds over a long holding period. On income, FLCV currently yields 0.69% against 3.00% for SCHD.
Holdings Overlap
8.4% of FLCV's money is in holdings SCHD also owns. 37.7% of SCHD's money is in holdings FLCV also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 126 positions we hold weights for in FLCV and 100 in SCHD, against full books of 127 and 103.
What only one of them owns
Measured across the 126 and 100 positions we hold weights for.
SCHD holds 86 positions FLCV does not, 62.2% of the fund.
Largest: MRK 4.77%, ABT 4.69%, KO 4.17%, COP 3.94%, HD 3.88%
Top Shared Holdings
| Stock | Weight in FLCV | Weight in SCHD | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 1.08% | 4.70% | 3.62% |
| UNHUnitedhealth Group Incorporated | 0.96% | 3.82% | 2.86% |
| VZVerizon Communic | 0.58% | 3.97% | 3.39% |
| PEPPepsico Inc. | 0.85% | 3.64% | 2.79% |
| CVXChevron Corp | 0.47% | 4.02% | 3.55% |
| TXNTexas Instrument Inc | 0.99% | 3.13% | 2.14% |
| LMTLockheed Martin Corp | 0.68% | 2.78% | 2.10% |
| BMYBristol-Myers Squibb Co. | 0.07% | 3.33% | 3.26% |
| MOAltria Group Inc | 0.57% | 2.79% | 2.22% |
| EOGEog Resources Inc | 1.11% | 1.88% | 0.77% |
37.7% of SCHD 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, FLCV or SCHD?
FLCV has an expense ratio of 0.32% while SCHD charges 0.06%. SCHD is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, FLCV or SCHD?
Over the past year FLCV returned +21.22% vs +28.36% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +19.06% vs +13.77% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or SCHD?
SCHD has been the more volatile fund at 13.3% annualized versus 11.4% for FLCV. Worst drawdown: FLCV -15.9% vs SCHD -16.1%.
Should I hold both FLCV and SCHD?
FLCV and SCHD have a monthly-return correlation of 0.71, 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 SCHD?
37.7% of SCHD's money is in holdings FLCV also owns. 37.7% of SCHD's is in holdings FLCV also owns. They hold 13 positions in common, counted across the 126 positions we hold weights for in FLCV and 100 in SCHD.
Which pays a higher dividend, FLCV or SCHD?
FLCV yields 0.69% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FLCV?
SCHD has a lower expense ratio. FLCV led over the full window, SCHD over 1Y. FLCV is less concentrated, with 30.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.