FLCV vs SPY
Federated Hermes MDT Large Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLCV or SPY?
Large Cap Value against Large Cap Blend.
SPY 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 | SPY |
|---|---|---|
| Expense Ratio | 0.32% | 0.09%Best |
| AUM | $139M | $804.7B |
| Dividend Yield | 0.69% | 0.98% |
| Holdings | 127 | 505 |
| YTD Return | +17.62%Best | +12.09% |
| 1Y Return | +21.32%Best | +16.29% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 11.4%Best | 12.2% |
| Max Drawdown | -15.9%Best | -18.8% |
| $10,000 over 2.1 years | $14,463Best | $14,081 |
| Top 10 Weight | 30.5%Best | 37.8% |
| Fund Family | Federated Hermes | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 30, 2024 | Jan 22, 1993 |
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 SPY 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 SPY Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FLCV returned +21.32% while SPY returned +16.29%. Year to date, FLCV is up 17.62% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY 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 SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 SPY charges 0.09%. On a $10,000 position that is $32 vs $9 annually, a gap of $23 per year that compounds over a long holding period. On income, FLCV currently yields 0.69% against 0.98% for SPY.
Holdings Overlap
89.2% of FLCV's money is in holdings SPY also owns. 43.6% of SPY's money is in holdings FLCV also owns.
Most of FLCV is already inside SPY. Owning both mostly buys the same companies twice.
102 positions in common, counted across the 126 positions we hold weights for in FLCV and 504 in SPY, against full books of 127 and 505.
What only one of them owns
Measured across the 126 and 504 positions we hold weights for.
SPY holds 395 positions FLCV does not, 55.7% of the fund.
Largest: NVDA 8.01%, AVGO 2.66%, GOOG 2.39%, TSLA 1.52%, LLY 1.40%
Top Shared Holdings
| Stock | Weight in FLCV | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.91% | 7.26% | 1.35% |
| MSFTMicrosoft Corp | 4.07% | 5.66% | 1.59% |
| AMZNAmazon.Com Inc | 5.68% | 3.79% | 1.89% |
| ABBVAbbvie Inc. | 2.77% | 0.70% | 2.07% |
| JPMJpmorgan Chase | 1.84% | 1.45% | 0.39% |
| GOOGLAlphabet Inc,class A | 0.26% | 2.99% | 2.73% |
| JNJJohnson & Johnson - Common | 1.99% | 0.99% | 1.00% |
| WMTWalmart, Inc. | 2.04% | 0.71% | 1.33% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.57% | 1.04% | 0.53% |
| COSTCostco Wholesale Corp. | 1.59% | 0.63% | 0.96% |
89.2% of FLCV is already inside SPY.
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 SPY?
FLCV has an expense ratio of 0.32% while SPY charges 0.09%. SPY is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, FLCV or SPY?
Over the past year FLCV returned +21.32% vs +16.29% for SPY, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +19.21% vs +17.70% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or SPY?
SPY has been the more volatile fund at 12.2% annualized versus 11.4% for FLCV. Worst drawdown: FLCV -15.9% vs SPY -18.8%.
Should I hold both FLCV and SPY?
FLCV and SPY have a monthly-return correlation of 0.79, 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 SPY?
89.2% of FLCV's money is in holdings SPY also owns. 43.6% of SPY's is in holdings FLCV also owns. They hold 102 positions in common, counted across the 126 positions we hold weights for in FLCV and 504 in SPY.
Which pays a higher dividend, FLCV or SPY?
FLCV yields 0.69% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FLCV?
SPY 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.