AVLV vs FLCV
Avantis US Large Cap Value ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, AVLV or FLCV?
AVLV has been ahead.
AVLV has a lower expense ratio. AVLV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 31.0%.
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 | AVLV | FLCV |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.32% |
| AUM | $22.1B | $211M |
| Dividend Yield | 1.14% | 0.72% |
| Holdings | 601 | 252 |
| YTD Return | +21.50%Best | +18.52% |
| 1Y Return | +30.84%Best | +23.69% |
| 3Y Return (annualized) | +22.16% | - |
| 5Y Return (annualized) | +14.42% | - |
| Volatility (annualized) | 12.5% | 11.6%Best |
| Max Drawdown | -19.5% | -15.9%Best |
| $10,000 over 2.2 years | $14,804Best | $14,646 |
| Top 10 Weight | 27.2%Best | 31.0% |
| Fund Family | Avantis Investors | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 21, 2021 | Jul 30, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 31, 2024 to Oct 14, 2026 (2.2 years).
AVLV 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 2.2 years both funds cover.
AVLV vs FLCV Performance
Avantis US Large Cap Value ETF (AVLV) is an ETF from Avantis Investors and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year AVLV returned +30.84% while FLCV returned +23.69%. Year to date, AVLV is up 21.50% versus a gain of 18.52% for FLCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVLV has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 11.6% 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 -19.5% for AVLV 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVLV charges 0.15% per year while FLCV charges 0.32%. On a $10,000 position that is $15 vs $32 annually, a gap of $17 per year that compounds over a long holding period. On income, AVLV currently yields 1.14% against 0.72% for FLCV.
Holdings Overlap
37.5% of AVLV's money is in holdings FLCV also owns. 45.7% of FLCV's money is in holdings AVLV also owns.
The two portfolios partly overlap.
41 positions in common, counted across the 304 positions we hold weights for in AVLV and 126 in FLCV, against full books of 601 and 252.
What only one of them owns
Our book lists 85 positions for FLCV that do not appear in our book for AVLV (54.3% of the fund), and 238 for AVLV that do not appear in FLCV (61.2%).
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 AVLV | Weight in FLCV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.75% | 6.28% | 3.53% |
| AMZNAmazon.Com Inc | 2.93% | 5.80% | 2.87% |
| MSFTMicrosoft Corp | 3.45% | 4.38% | 0.93% |
| JPMJpmorgan Chase | 2.61% | 1.78% | 0.83% |
| COSTCostco Wholesale Corp. | 2.32% | 1.91% | 0.41% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 2.42% | 1.65% | 0.77% |
| TRVThe Travelers Cos, Inc. | 1.01% | 2.01% | 1.00% |
| MPCMarathon Petroleum Corp | 1.05% | 1.34% | 0.29% |
| AMPAmeriprise Financial Inc | 0.66% | 1.60% | 0.94% |
| PRUPrudential Financial Inc | 0.53% | 1.69% | 1.16% |
45.7% of FLCV is already inside AVLV.
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, AVLV or FLCV?
AVLV has an expense ratio of 0.15% while FLCV charges 0.32%. AVLV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, AVLV or FLCV?
Over the past year AVLV returned +30.84% vs +23.69% for FLCV, so AVLV leads on 1-year performance. Over the longest common window we track (2 years), AVLV annualized +19.52% vs +18.94% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVLV or FLCV?
AVLV has been the more volatile fund at 12.5% annualized versus 11.6% for FLCV. Worst drawdown: AVLV -19.5% vs FLCV -15.9%.
Should I hold both AVLV and FLCV?
AVLV and FLCV have a monthly-return correlation of 0.91, 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 AVLV and FLCV?
45.7% of FLCV's money is in holdings AVLV also owns. 45.7% of FLCV's is in holdings AVLV also owns. They hold 41 positions in common, counted across the 304 positions we hold weights for in AVLV and 126 in FLCV.
Which pays a higher dividend, AVLV or FLCV?
AVLV yields 1.14% while FLCV yields 0.72%, so AVLV currently pays the higher dividend yield.
Is FLCV better than AVLV?
AVLV has a lower expense ratio. AVLV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. AVLV is less concentrated, with 27.2% of the fund in its ten largest positions against 31.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.