AELV vs FBCV
Harbor AlphaEdge Large Cap Value ETF vs Fidelity Blue Chip Value ETF
Which is better, AELV or FBCV?
Each has led over a different period.
AELV has a lower expense ratio. AELV led over the full window, FBCV over 1Y. FBCV is less concentrated, with 33.3% of the fund in its ten largest positions against 37.0%.
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 | FBCV |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.57% |
| AUM | $3M | $184M |
| Dividend Yield | 1.38% | 1.25% |
| Holdings | 150 | 127 |
| YTD Return | +11.24% | +18.42%Best |
| 1Y Return | +18.09% | +24.20%Best |
| 3Y Return (annualized) | - | +16.61% |
| 5Y Return (annualized) | - | +10.11% |
| Volatility (annualized) | 10.7%Best | 11.5% |
| Max Drawdown | -16.6% | -14.3%Best |
| $10,000 over 2.1 years | $13,487Best | $13,428 |
| Top 10 Weight | 37.0% | 33.3%Best |
| Fund Family | Harbor Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | Jun 2, 2020 |
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 FBCV 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 FBCV Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and Fidelity Blue Chip Value ETF (FBCV) is an ETF from Fidelity Investments (US). Over the past year AELV returned +18.09% while FBCV returned +24.20%. Year to date, AELV is up 11.24% versus a gain of 18.42% for FBCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBCV has been the more volatile fund, with annualized monthly volatility of 11.5% 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 -14.3% for FBCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AELV charges 0.25% per year while FBCV charges 0.57%. On a $10,000 position that is $25 vs $57 annually, a gap of $32 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 1.25% for FBCV.
Holdings Overlap
36.1% of AELV's money is in holdings FBCV also owns. 36.3% of FBCV's money is in holdings AELV also owns.
The two portfolios partly overlap.
The two holdings books were reported 64 days apart, AELV as of Oct 3, 2026 and FBCV as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
20 positions in common, counted across the 75 positions we hold weights for in AELV and 133 in FBCV, against full books of 150 and 127.
What only one of them owns
Our book lists 89 positions for FBCV that do not appear in our book for AELV (54.3% of the fund), and 52 for AELV that do not appear in FBCV (62.4%).
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 FBCV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 4.64% | 2.41% |
| AMZNAmazon.Com Inc | 3.20% | 7.46% | 4.26% |
| MSFTMicrosoft Corp | 3.13% | 5.24% | 2.11% |
| BACBank of America Corp.: Financials | 3.63% | 2.64% | 0.99% |
| XOMExxonmobil Corp. | 0.74% | 3.37% | 2.63% |
| VVisa Inc Class A | 2.86% | 1.06% | 1.80% |
| BKBank Of New York Mellon Corp | 3.05% | 0.00% | 3.05% |
| MRKMerck & Company Inc | 0.58% | 2.30% | 1.72% |
| AMPAmeriprise Financial Inc | 2.07% | 0.63% | 1.44% |
| TRVThe Travelers Cos, Inc. | 0.55% | 2.10% | 1.55% |
36.3% of FBCV 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 FBCV?
AELV has an expense ratio of 0.25% while FBCV charges 0.57%. AELV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, AELV or FBCV?
Over the past year AELV returned +18.09% vs +24.20% for FBCV, so FBCV leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +15.31% vs +15.07% for FBCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or FBCV?
FBCV has been the more volatile fund at 11.5% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs FBCV -14.3%.
Should I hold both AELV and FBCV?
AELV and FBCV have a monthly-return correlation of 0.85, 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 FBCV?
36.3% of FBCV's money is in holdings AELV also owns. 36.3% of FBCV's is in holdings AELV also owns. They hold 20 positions in common, counted across the 75 positions we hold weights for in AELV and 133 in FBCV.
Which pays a higher dividend, AELV or FBCV?
AELV yields 1.38% while FBCV yields 1.25%, so AELV currently pays the higher dividend yield.
Is FBCV better than AELV?
AELV has a lower expense ratio. AELV led over the full window, FBCV over 1Y. FBCV is less concentrated, with 33.3% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.