DIVL vs FLCV
Madison Dividend Value ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, DIVL or FLCV?
FLCV has been ahead.
FLCV has a lower expense ratio. FLCV led over 1Y and the full window. FLCV is less concentrated, with 31.0% of the fund in its ten largest positions against 41.2%.
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 | DIVL | FLCV |
|---|---|---|
| Expense Ratio | 0.65% | 0.32%Best |
| AUM | $61M | $211M |
| Dividend Yield | 1.83% | 0.72% |
| Holdings | 40 | 252 |
| YTD Return | +10.65% | +18.52%Best |
| 1Y Return | +12.67% | +23.69%Best |
| 3Y Return (annualized) | +12.06% | - |
| Volatility (annualized) | 11.4%Best | 11.6% |
| Max Drawdown | -14.1%Best | -15.9% |
| $10,000 over 2.2 years | $12,447 | $14,646Best |
| Top 10 Weight | 41.2% | 31.0%Best |
| Fund Family | Madison Funds | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 14, 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).
DIVL 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.
DIVL vs FLCV Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year DIVL returned +12.67% while FLCV returned +23.69%. Year to date, DIVL is up 10.65% 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 11.6% compared with 11.4% for DIVL. 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 -14.1% for DIVL 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVL charges 0.65% per year while FLCV charges 0.32%. On a $10,000 position that is $65 vs $32 annually, a gap of $33 per year that compounds over a long holding period. On income, DIVL currently yields 1.83% against 0.72% for FLCV.
Holdings Overlap
43.6% of DIVL's money is in holdings FLCV also owns. 16.4% of FLCV's money is in holdings DIVL also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 37 positions we hold weights for in DIVL and 126 in FLCV, against full books of 40 and 252.
What only one of them owns
Our book lists 112 positions for FLCV that do not appear in our book for DIVL (83.6% of the fund), and 22 for DIVL that do not appear in FLCV (55.1%).
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 DIVL | Weight in FLCV | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 5.57% | 1.59% | 3.98% |
| XOMExxonmobil Corp. | 5.26% | 1.65% | 3.61% |
| ABBVAbbvie Inc. | 3.80% | 3.01% | 0.79% |
| CVXChevron Corp | 5.27% | 0.62% | 4.65% |
| ADIAnalog Devices, Inc. | 3.51% | 1.33% | 2.18% |
| JPMJpmorgan Chase | 2.77% | 1.78% | 0.99% |
| TXNTexas Instrument Inc | 3.20% | 1.17% | 2.03% |
| AMGNAmgen Inc. | 2.82% | 0.92% | 1.90% |
| UNPUnion Pacific Corp | 3.49% | 0.24% | 3.25% |
| STTState Street Corp. | 1.60% | 1.90% | 0.30% |
43.6% of DIVL 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, DIVL or FLCV?
DIVL has an expense ratio of 0.65% while FLCV charges 0.32%. FLCV is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, DIVL or FLCV?
Over the past year DIVL returned +12.67% vs +23.69% for FLCV, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), DIVL annualized +10.46% vs +18.94% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVL or FLCV?
FLCV has been the more volatile fund at 11.6% annualized versus 11.4% for DIVL. Worst drawdown: DIVL -14.1% vs FLCV -15.9%.
Should I hold both DIVL and FLCV?
DIVL and FLCV have a monthly-return correlation of 0.81, 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 DIVL and FLCV?
43.6% of DIVL's money is in holdings FLCV also owns. 16.4% of FLCV's is in holdings DIVL also owns. They hold 14 positions in common, counted across the 37 positions we hold weights for in DIVL and 126 in FLCV.
Which pays a higher dividend, DIVL or FLCV?
DIVL yields 1.83% while FLCV yields 0.72%, so DIVL currently pays the higher dividend yield.
Is FLCV better than DIVL?
FLCV has a lower expense ratio. FLCV led over 1Y and the full window. FLCV is less concentrated, with 31.0% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.