CVLC vs FEUS
Calvert US Large-Cap Core Responsible Index ETF vs Northern Trust ESG & Climate US Large Cap Core ETF
Which is better, CVLC or FEUS?
Nearly the same fund. FEUS costs less.
FEUS has a lower expense ratio. CVLC led over 3Y and the full window, FEUS over 1Y. The two have moved almost in lockstep, correlation 0.98. CVLC is less concentrated, with 38.2% of the fund in its ten largest positions against 40.7%.
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 | CVLC | FEUS |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $1.0B | $128M |
| Dividend Yield | 0.93% | 1.00% |
| Holdings | 1,511 | 132 |
| YTD Return | +12.83% | +14.43%Best |
| 1Y Return | +17.38% | +18.43%Best |
| 3Y Return (annualized) | +22.00%Best | +20.62% |
| 5Y Return (annualized) | - | +11.92% |
| Volatility (annualized) | 13.2% | 12.6%Best |
| Max Drawdown | -19.9% | -19.5%Best |
| $10,000 over 3.7 years | $19,146Best | $18,810 |
| Top 10 Weight | 38.2%Best | 40.7% |
| Fund Family | Calvert | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Sep 20, 2021 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVLC vs FEUS 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 3.7 years both funds cover.
CVLC vs FEUS Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Northern Trust ESG & Climate US Large Cap Core ETF (FEUS) is an ETF from Northern Trust Asset Management. Over the past year CVLC returned +17.38% while FEUS returned +18.43%. Year to date, CVLC is up 12.83% versus a gain of 14.43% for FEUS.
Over three years, CVLC compounded at +22.00% per year against +20.62% for FEUS. Across the full 4-year window we track, CVLC has the edge at +19.19% annualized vs +18.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.6% for FEUS. 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 -19.9% for CVLC and -19.5% for FEUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while FEUS charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.00% for FEUS.
Holdings Overlap
58.7% of CVLC's money is in holdings FEUS also owns. 83.8% of FEUS's money is in holdings CVLC also owns.
Most of FEUS is already inside CVLC. Owning both mostly buys the same companies twice.
109 positions in common, counted across the 759 positions we hold weights for in CVLC and 128 in FEUS, against full books of 1,511 and 132.
What only one of them owns
Our book lists 18 positions for FEUS that do not appear in our book for CVLC (14.8% of the fund), and 631 for CVLC that do not appear in FEUS (40.3%).
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 CVLC | Weight in FEUS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.80% | 8.52% | 0.72% |
| AAPLApple, Inc | 7.03% | 7.22% | 0.19% |
| MSFTMicrosoft Corp | 5.49% | 6.09% | 0.60% |
| GOOGLAlphabet Inc | 5.35% | 3.56% | 1.79% |
| AMZNAmazon.Com Inc | 3.63% | 4.09% | 0.46% |
| AVGOBroadcom Inc | 2.48% | 1.39% | 1.09% |
| JPMJpmorgan Chase | 1.38% | 1.99% | 0.61% |
| VVisa Inc Class A | 1.01% | 1.65% | 0.64% |
| MUMicron Technology, Inc. | 1.88% | 0.73% | 1.15% |
| INTCIntel Corporation | 0.89% | 1.64% | 0.75% |
83.8% of FEUS is already inside CVLC.
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, CVLC or FEUS?
CVLC has an expense ratio of 0.15% while FEUS charges 0.09%. FEUS is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, CVLC or FEUS?
Over the past year CVLC returned +17.38% vs +18.43% for FEUS, so FEUS leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.19% vs +18.62% for FEUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or FEUS?
CVLC has been the more volatile fund at 13.2% annualized versus 12.6% for FEUS. Worst drawdown: CVLC -19.9% vs FEUS -19.5%.
Should I hold both CVLC and FEUS?
CVLC and FEUS have a monthly-return correlation of 0.98, 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 CVLC and FEUS?
83.8% of FEUS's money is in holdings CVLC also owns. 83.8% of FEUS's is in holdings CVLC also owns. They hold 109 positions in common, counted across the 759 positions we hold weights for in CVLC and 128 in FEUS.
Which pays a higher dividend, CVLC or FEUS?
CVLC yields 0.93% while FEUS yields 1.00%, so FEUS currently pays the higher dividend yield.
Is FEUS better than CVLC?
FEUS has a lower expense ratio. CVLC led over 3Y and the full window, FEUS over 1Y. The two have moved almost in lockstep, correlation 0.98. CVLC is less concentrated, with 38.2% of the fund in its ten largest positions against 40.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.