ECML vs TCV
Euclidean Fundamental Value ETF vs Towle Small-Cap Value ETF
Which is better, ECML or TCV?
Each has led over a different period.
TCV has a lower expense ratio. ECML led over the full window, TCV over 1Y. ECML is less concentrated, with 20.7% of the fund in its ten largest positions against 27.7%.
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 | ECML | TCV |
|---|---|---|
| Expense Ratio | 0.95% | 0.85%Best |
| AUM | $126M | $202M |
| Dividend Yield | 1.17% | 0.59% |
| Holdings | 130 | 105 |
| YTD Return | +18.99% | +23.99%Best |
| 1Y Return | +24.66% | +27.95%Best |
| 3Y Return (annualized) | +14.57% | - |
| Volatility (annualized) | 13.4%Best | 16.4% |
| Max Drawdown | -7.5%Best | -12.2% |
| $10,000 over 1.2 years | $13,034Best | $12,949 |
| Top 10 Weight | 20.7%Best | 27.7% |
| Fund Family | Euclidean Technologies | Towle |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 18, 2023 | Jul 16, 2025 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 17, 2025 to Oct 14, 2026 (1.2 years).
ECML vs TCV 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 1.2 years both funds cover.
ECML vs TCV Performance
Euclidean Fundamental Value ETF (ECML) is an ETF from Euclidean Technologies and Towle Small-Cap Value ETF (TCV) is an ETF from Towle. Over the past year ECML returned +24.66% while TCV returned +27.95%. Year to date, ECML is up 18.99% versus a gain of 23.99% for TCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 13.4% for ECML. 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 -7.5% for ECML and -12.2% for TCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ECML charges 0.95% per year while TCV charges 0.85%. On a $10,000 position that is $95 vs $85 annually, a gap of $10 per year that compounds over a long holding period. On income, ECML currently yields 1.17% against 0.59% for TCV.
Holdings Overlap
8.8% of ECML's money is in holdings TCV also owns. 13.0% of TCV's money is in holdings ECML also owns.
TCV and ECML share little of their money.
6 positions in common, counted across the 64 positions we hold weights for in ECML and 51 in TCV, against full books of 130 and 105.
What only one of them owns
Our book lists 43 positions for TCV that do not appear in our book for ECML (83.2% of the fund), and 57 for ECML that do not appear in TCV (89.6%).
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
You are not choosing between two funds in isolation.
Whichever of ECML and TCV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ECML or TCV?
ECML has an expense ratio of 0.95% while TCV charges 0.85%. TCV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, ECML or TCV?
Over the past year ECML returned +24.66% vs +27.95% for TCV, so TCV leads on 1-year performance. Over the longest common window we track (1 years), ECML annualized +24.71% vs +24.03% for TCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ECML or TCV?
TCV has been the more volatile fund at 16.4% annualized versus 13.4% for ECML. Worst drawdown: ECML -7.5% vs TCV -12.2%.
Should I hold both ECML and TCV?
ECML and TCV have a monthly-return correlation of 0.77, 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 ECML and TCV?
13.0% of TCV's money is in holdings ECML also owns. 13.0% of TCV's is in holdings ECML also owns. They hold 6 positions in common, counted across the 64 positions we hold weights for in ECML and 51 in TCV.
Which pays a higher dividend, ECML or TCV?
ECML yields 1.17% while TCV yields 0.59%, so ECML currently pays the higher dividend yield.
Is TCV better than ECML?
TCV has a lower expense ratio. ECML led over the full window, TCV over 1Y. ECML is less concentrated, with 20.7% of the fund in its ten largest positions against 27.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.