AELV vs BLCV
Harbor AlphaEdge Large Cap Value ETF vs iShares Large Cap Value Active ETF
Which is better, AELV or BLCV?
BLCV has been ahead.
AELV has a lower expense ratio. BLCV led over 1Y and the full window. AELV is less concentrated, with 37.0% of the fund in its ten largest positions against 42.0%.
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 | AELV | BLCV |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.45% |
| AUM | $3M | $347M |
| Dividend Yield | 1.38% | 1.30% |
| Holdings | 150 | 56 |
| YTD Return | +11.24% | +12.91%Best |
| 1Y Return | +18.09% | +20.02%Best |
| 3Y Return (annualized) | - | +19.66% |
| Volatility (annualized) | 10.7%Best | 14.3% |
| Max Drawdown | -16.6% | -13.4%Best |
| $10,000 over 2.1 years | $13,487 | $13,665Best |
| Top 10 Weight | 37.0%Best | 42.0% |
| Fund Family | Harbor Funds | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | May 19, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
AELV vs BLCV 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.
AELV vs BLCV Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and iShares Large Cap Value Active ETF (BLCV) is an ETF from BlackRock, Inc. (US). Over the past year AELV returned +18.09% while BLCV returned +20.02%. Year to date, AELV is up 11.24% versus a gain of 12.91% for BLCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BLCV has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 10.7% for AELV. 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 -16.6% for AELV and -13.4% for BLCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AELV charges 0.25% per year while BLCV charges 0.45%. On a $10,000 position that is $25 vs $45 annually, a gap of $20 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 1.30% for BLCV.
Holdings Overlap
24.2% of AELV's money is in holdings BLCV also owns. 36.3% of BLCV's money is in holdings AELV also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 75 positions we hold weights for in AELV and 54 in BLCV, against full books of 150 and 56.
What only one of them owns
Our book lists 43 positions for BLCV that do not appear in our book for AELV (61.2% of the fund), and 62 for AELV that do not appear in BLCV (74.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AELV | Weight in BLCV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 5.97% | 1.08% |
| MSFTMicrosoft Corp | 3.13% | 8.93% | 5.80% |
| AMZNAmazon.Com Inc | 3.20% | 7.87% | 4.67% |
| JNJJohnson & Johnson - Common | 4.56% | 2.25% | 2.31% |
| CVXChevron Corp | 1.11% | 3.82% | 2.71% |
| CCitigroup Inc. | 2.97% | 1.86% | 1.11% |
| MRKMerck & Company Inc | 0.58% | 2.66% | 2.08% |
| MDTMedtronic Plc Ordinary Shares | 0.57% | 1.46% | 0.89% |
| EPDEnterprise Products Partners Lp | 0.52% | 1.03% | 0.51% |
| PGProcter & Gamble Company | 0.49% | 0.48% | 0.01% |
36.3% of BLCV is already inside AELV.
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, AELV or BLCV?
AELV has an expense ratio of 0.25% while BLCV charges 0.45%. AELV is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, AELV or BLCV?
Over the past year AELV returned +18.09% vs +20.02% for BLCV, so BLCV leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +15.31% vs +16.03% for BLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or BLCV?
BLCV has been the more volatile fund at 14.3% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs BLCV -13.4%.
Should I hold both AELV and BLCV?
AELV and BLCV have a monthly-return correlation of 0.75, 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 AELV and BLCV?
36.3% of BLCV's money is in holdings AELV also owns. 36.3% of BLCV's is in holdings AELV also owns. They hold 10 positions in common, counted across the 75 positions we hold weights for in AELV and 54 in BLCV.
Which pays a higher dividend, AELV or BLCV?
AELV yields 1.38% while BLCV yields 1.30%, so AELV currently pays the higher dividend yield.
Is BLCV better than AELV?
AELV has a lower expense ratio. BLCV led over 1Y and the full window. AELV is less concentrated, with 37.0% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.