CVLC vs FLCC
Calvert US Large-Cap Core Responsible Index ETF vs Federated Hermes MDT Large Cap Core ETF
Which is better, CVLC or FLCC?
Nearly the same fund. CVLC costs less.
CVLC has a lower expense ratio. CVLC led over 1Y, FLCC over the full window. The two have moved almost in lockstep, correlation 0.95. CVLC is less concentrated, with 38.2% of the fund in its ten largest positions against 38.9%.
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 | FLCC |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.29% |
| AUM | $1.0B | $179M |
| Dividend Yield | 0.93% | 0.45% |
| Holdings | 1,511 | 304 |
| YTD Return | +12.83%Best | +12.79% |
| 1Y Return | +17.38%Best | +16.11% |
| 3Y Return (annualized) | +22.00% | - |
| Volatility (annualized) | 13.0% | 12.4%Best |
| Max Drawdown | -19.9% | -19.2%Best |
| $10,000 over 2.2 years | $14,091 | $14,419Best |
| Top 10 Weight | 38.2%Best | 38.9% |
| Fund Family | Calvert | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Jul 30, 2024 |
Not shown on this pair: 5Y Return (annualized).
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).
CVLC vs FLCC 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.
CVLC vs FLCC Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Federated Hermes MDT Large Cap Core ETF (FLCC) is an ETF from Federated Hermes. Over the past year CVLC returned +17.38% while FLCC returned +16.11%. Year to date, CVLC is up 12.83% versus a gain of 12.79% for FLCC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 12.4% for FLCC. 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 -19.2% for FLCC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 FLCC charges 0.29%. On a $10,000 position that is $15 vs $29 annually, a gap of $14 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 0.45% for FLCC.
Holdings Overlap
58.5% of CVLC's money is in holdings FLCC also owns. 86.2% of FLCC's money is in holdings CVLC also owns.
Most of FLCC is already inside CVLC. Owning both mostly buys the same companies twice.
114 positions in common, counted across the 759 positions we hold weights for in CVLC and 155 in FLCC, against full books of 1,511 and 304.
What only one of them owns
Our book lists 38 positions for FLCC that do not appear in our book for CVLC (13.7% of the fund), and 626 for CVLC that do not appear in FLCC (40.5%).
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 FLCC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.80% | 8.62% | 0.82% |
| AAPLApple, Inc | 7.03% | 6.81% | 0.22% |
| GOOGLAlphabet Inc | 5.35% | 5.88% | 0.53% |
| MSFTMicrosoft Corp | 5.49% | 4.21% | 1.28% |
| AMZNAmazon.Com Inc | 3.63% | 3.20% | 0.43% |
| AVGOBroadcom Inc | 2.48% | 2.21% | 0.27% |
| MUMicron Technology, Inc. | 1.88% | 1.44% | 0.44% |
| ABBVAbbvie Inc. | 0.81% | 2.18% | 1.37% |
| COSTCostco Wholesale Corp. | 0.63% | 2.06% | 1.43% |
| LLYEli Lilly & Co. | 1.52% | 1.10% | 0.42% |
86.2% of FLCC 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 FLCC?
CVLC has an expense ratio of 0.15% while FLCC charges 0.29%. CVLC is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, CVLC or FLCC?
Over the past year CVLC returned +17.38% vs +16.11% for FLCC, so CVLC leads on 1-year performance. Over the longest common window we track (2 years), CVLC annualized +16.87% vs +18.10% for FLCC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or FLCC?
CVLC has been the more volatile fund at 13.0% annualized versus 12.4% for FLCC. Worst drawdown: CVLC -19.9% vs FLCC -19.2%.
Should I hold both CVLC and FLCC?
CVLC and FLCC have a monthly-return correlation of 0.95, 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 FLCC?
86.2% of FLCC's money is in holdings CVLC also owns. 86.2% of FLCC's is in holdings CVLC also owns. They hold 114 positions in common, counted across the 759 positions we hold weights for in CVLC and 155 in FLCC.
Which pays a higher dividend, CVLC or FLCC?
CVLC yields 0.93% while FLCC yields 0.45%, so CVLC currently pays the higher dividend yield.
Is FLCC better than CVLC?
CVLC has a lower expense ratio. CVLC led over 1Y, FLCC over the full window. The two have moved almost in lockstep, correlation 0.95. CVLC is less concentrated, with 38.2% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.