FLCV vs VYM
Federated Hermes MDT Large Cap Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. FLCV delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | FLCV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.04% | |
| AUM | $140M | $81.6B | |
| Dividend Yield | 0.70% | 2.24% | |
| Holdings | 127 | 613 | |
| YTD Return | +19.39% | +14.18% | |
| 1Y Return | +24.81% | +20.67% | |
| 3Y Return (annualized) | - | +18.47% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 11.3% | 14.5% | |
| Max Drawdown | -15.9% | -58.8% | |
| Fund Family | Federated Hermes | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Nov 10, 2006 |
FLCV vs VYM Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is a ETF from Federated Hermes and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FLCV returned +24.81% while VYM returned +20.67%. Year to date, FLCV is up 19.39% versus a gain of 14.18% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.5% 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 -58.8% for VYM. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLCV charges 0.32% per year while VYM charges 0.04%. On a $10,000 position that is $32 vs $4 annually, a gap of $28 per year that compounds over a long holding period. On income, FLCV currently yields 0.70% against 2.24% for VYM.
Holdings Overlap
FLCV and VYM share 61 holdings out of 669 unique holdings combined, representing a 24.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCV or VYM?
FLCV has an expense ratio of 0.32% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, FLCV or VYM?
Over the past year FLCV returned +24.81% vs +20.67% for VYM, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +20.54% vs +6.97% for VYM. Past performance does not guarantee future results.
Which is riskier, FLCV or VYM?
VYM has been the more volatile fund at 14.5% annualized versus 11.3% for FLCV. Worst drawdown: FLCV -15.9% vs VYM -58.8%.
Should I hold both FLCV and VYM?
FLCV and VYM have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLCV and VYM?
FLCV and VYM share 61 common holdings with a 24.4% weight overlap. Combined, they hold 669 unique securities.
Which pays a higher dividend, FLCV or VYM?
FLCV yields 0.70% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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