AELV vs FLCV
Harbor AlphaEdge Large Cap Value ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, AELV or FLCV?
FLCV has been ahead.
AELV has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. FLCV is less concentrated, with 31.0% 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 | FLCV |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.32% |
| AUM | $3M | $211M |
| Dividend Yield | 1.38% | 0.72% |
| Holdings | 150 | 252 |
| YTD Return | +11.24% | +18.52%Best |
| 1Y Return | +18.09% | +23.69%Best |
| Volatility (annualized) | 10.7%Best | 11.9% |
| Max Drawdown | -16.6% | -15.9%Best |
| $10,000 over 2.1 years | $13,487 | $14,430Best |
| Top 10 Weight | 37.0% | 31.0%Best |
| Fund Family | Harbor Funds | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | Jul 30, 2024 |
Not shown on this pair: 3Y Return (annualized), 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 FLCV 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 FLCV Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year AELV returned +18.09% while FLCV returned +23.69%. Year to date, AELV is up 11.24% versus a gain of 18.52% for FLCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLCV has been the more volatile fund, with annualized monthly volatility of 11.9% 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 -15.9% for FLCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AELV charges 0.25% per year while FLCV charges 0.32%. On a $10,000 position that is $25 vs $32 annually, a gap of $7 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 0.72% for FLCV.
Holdings Overlap
47.4% of AELV's money is in holdings FLCV also owns. 43.0% of FLCV's money is in holdings AELV also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 75 positions we hold weights for in AELV and 126 in FLCV, against full books of 150 and 252.
What only one of them owns
Our book lists 97 positions for FLCV that do not appear in our book for AELV (57.0% of the fund), and 43 for AELV that do not appear in FLCV (51.0%).
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 FLCV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 6.28% | 0.77% |
| AMZNAmazon.Com Inc | 3.20% | 5.80% | 2.60% |
| MSFTMicrosoft Corp | 3.13% | 4.38% | 1.25% |
| JNJJohnson & Johnson - Common | 4.56% | 1.59% | 2.97% |
| BKBank Of New York Mellon Corp | 3.05% | 1.50% | 1.55% |
| GDGeneral Dynamics Corp. | 3.01% | 0.90% | 2.11% |
| BMYBristol-Myers Squibb Co. | 3.21% | 0.57% | 2.64% |
| AMPAmeriprise Financial Inc | 2.07% | 1.60% | 0.47% |
| ABBVAbbvie Inc. | 0.54% | 3.01% | 2.47% |
| ADBEAdobe Systems | 3.16% | 0.32% | 2.84% |
47.4% of AELV is already inside FLCV.
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, AELV or FLCV?
AELV has an expense ratio of 0.25% while FLCV charges 0.32%. AELV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, AELV or FLCV?
Over the past year AELV returned +18.09% vs +23.69% for FLCV, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +15.31% vs +19.08% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or FLCV?
FLCV has been the more volatile fund at 11.9% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs FLCV -15.9%.
Should I hold both AELV and FLCV?
AELV and FLCV have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AELV and FLCV?
47.4% of AELV's money is in holdings FLCV also owns. 43.0% of FLCV's is in holdings AELV also owns. They hold 29 positions in common, counted across the 75 positions we hold weights for in AELV and 126 in FLCV.
Which pays a higher dividend, AELV or FLCV?
AELV yields 1.38% while FLCV yields 0.72%, so AELV currently pays the higher dividend yield.
Is FLCV better than AELV?
AELV has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. FLCV is less concentrated, with 31.0% 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.