FBCV vs FLCV
Fidelity Blue Chip Value ETF vs Federated Hermes MDT Large Cap Value ETF
Which is better, FBCV or FLCV?
Each has led over a different period.
FLCV has a lower expense ratio. FBCV led over 1Y, FLCV over the full window. The two have moved almost in lockstep, correlation 0.92. FLCV is less concentrated, with 31.0% of the fund in its ten largest positions against 33.3%.
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 | FBCV | FLCV |
|---|---|---|
| Expense Ratio | 0.57% | 0.32%Best |
| AUM | $184M | $211M |
| Dividend Yield | 1.25% | 0.72% |
| Holdings | 127 | 252 |
| YTD Return | +18.42% | +18.52%Best |
| 1Y Return | +24.20%Best | +23.69% |
| 3Y Return (annualized) | +16.61% | - |
| 5Y Return (annualized) | +10.11% | - |
| Volatility (annualized) | 11.1%Best | 11.6% |
| Max Drawdown | -14.3%Best | -15.9% |
| $10,000 over 2.2 years | $13,696 | $14,646Best |
| Top 10 Weight | 33.3% | 31.0%Best |
| Fund Family | Fidelity Investments (US) | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 2, 2020 | 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).
FBCV 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.
FBCV vs FLCV Performance
Fidelity Blue Chip Value ETF (FBCV) is an ETF from Fidelity Investments (US) and Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes. Over the past year FBCV returned +24.20% while FLCV returned +23.69%. Year to date, FBCV is up 18.42% 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 11.1% for FBCV. 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 -14.3% for FBCV 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FBCV charges 0.57% per year while FLCV charges 0.32%. On a $10,000 position that is $57 vs $32 annually, a gap of $25 per year that compounds over a long holding period. On income, FBCV currently yields 1.25% against 0.72% for FLCV.
Holdings Overlap
38.1% of FBCV's money is in holdings FLCV also owns. 40.7% of FLCV's money is in holdings FBCV also owns.
The two portfolios partly overlap.
The two holdings books were reported 63 days apart, FBCV as of Jul 31, 2026 and FLCV as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
31 positions in common, counted across the 133 positions we hold weights for in FBCV and 126 in FLCV, against full books of 127 and 252.
What only one of them owns
Our book lists 95 positions for FLCV that do not appear in our book for FBCV (59.3% of the fund), and 83 for FBCV that do not appear in FLCV (52.5%).
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 FBCV | Weight in FLCV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.46% | 5.80% | 1.66% |
| AAPLApple, Inc | 4.64% | 6.28% | 1.64% |
| MSFTMicrosoft Corp | 5.24% | 4.38% | 0.86% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 3.37% | 1.65% | 1.72% |
| TRVThe Travelers Cos, Inc. | 2.10% | 2.01% | 0.09% |
| GILDGilead Sciences | 1.53% | 1.25% | 0.28% |
| NTRSNorthern Trust Corp. | 1.36% | 1.16% | 0.20% |
| UNHUnitedhealth Group Incorporated | 1.45% | 0.99% | 0.46% |
| AMPAmeriprise Financial Inc | 0.63% | 1.60% | 0.97% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.60% | 1.58% | 0.98% |
40.7% of FLCV is already inside FBCV.
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, FBCV or FLCV?
FBCV has an expense ratio of 0.57% while FLCV charges 0.32%. FLCV is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, FBCV or FLCV?
Over the past year FBCV returned +24.20% vs +23.69% for FLCV, so FBCV leads on 1-year performance. Over the longest common window we track (2 years), FBCV annualized +15.37% vs +18.94% for FLCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBCV or FLCV?
FLCV has been the more volatile fund at 11.6% annualized versus 11.1% for FBCV. Worst drawdown: FBCV -14.3% vs FLCV -15.9%.
Should I hold both FBCV and FLCV?
FBCV and FLCV have a monthly-return correlation of 0.92, 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 FBCV and FLCV?
40.7% of FLCV's money is in holdings FBCV also owns. 40.7% of FLCV's is in holdings FBCV also owns. They hold 31 positions in common, counted across the 133 positions we hold weights for in FBCV and 126 in FLCV.
Which pays a higher dividend, FBCV or FLCV?
FBCV yields 1.25% while FLCV yields 0.72%, so FBCV currently pays the higher dividend yield.
Is FLCV better than FBCV?
FLCV has a lower expense ratio. FBCV led over 1Y, FLCV over the full window. The two have moved almost in lockstep, correlation 0.92. FLCV is less concentrated, with 31.0% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.