FLCV vs SCHD
Federated Hermes MDT Large Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FLCV offers more diversification with 127 holdings.
Side-by-Side Comparison
| Metric | FLCV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.06% | |
| AUM | $140M | $112.2B | |
| Dividend Yield | 0.70% | 3.13% | |
| Holdings | 127 | 103 | |
| YTD Return | +19.39% | +27.60% | |
| 1Y Return | +24.81% | +29.63% | |
| 3Y Return (annualized) | - | +16.43% | |
| 5Y Return (annualized) | - | +10.05% | |
| Volatility (annualized) | 11.3% | 13.6% | |
| Max Drawdown | -15.9% | -33.4% | |
| Fund Family | Federated Hermes | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Oct 20, 2011 |
FLCV vs SCHD Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is a ETF from Federated Hermes and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLCV returned +24.81% while SCHD returned +29.63%. Year to date, FLCV is up 19.39% versus a gain of 27.60% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.3% 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 -33.4% for SCHD. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.70% against 3.13% for SCHD.
Holdings Overlap
FLCV and SCHD share 15 holdings out of 212 unique holdings combined, representing a 9.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FLCV or SCHD?
Over the past year FLCV returned +24.81% vs +29.63% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +20.54% vs +11.54% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLCV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.3% for FLCV. Worst drawdown: FLCV -15.9% vs SCHD -33.4%.
Should I hold both FLCV and SCHD?
FLCV and SCHD have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCV and SCHD?
FLCV and SCHD share 15 common holdings with a 9.0% weight overlap. Combined, they hold 212 unique securities.
Which pays a higher dividend, FLCV or SCHD?
FLCV yields 0.70% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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