FLCV vs IWD
Federated Hermes MDT Large Cap Value ETF vs iShares Russell 1000 Value ETF
Which is better, FLCV or IWD?
Nearly the same fund. IWD costs less.
IWD has a lower expense ratio. FLCV led over the full window, IWD over 1Y. The two have moved almost in lockstep, correlation 0.96. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 31.0%.
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 | FLCV | IWD |
|---|---|---|
| Expense Ratio | 0.32% | 0.18%Best |
| AUM | $211M | $83.2B |
| Dividend Yield | 0.72% | 1.43% |
| Holdings | 252 | 869 |
| YTD Return | +18.52% | +21.07%Best |
| 1Y Return | +23.69% | +27.09%Best |
| 3Y Return (annualized) | - | +20.91% |
| 5Y Return (annualized) | - | +11.56% |
| Volatility (annualized) | 11.6%Best | 11.7% |
| Max Drawdown | -15.9% | -15.7%Best |
| $10,000 over 2.2 years | $14,646Best | $14,403 |
| Top 10 Weight | 31.0% | 29.7%Best |
| Fund Family | Federated Hermes | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 30, 2024 | May 22, 2000 |
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).
FLCV vs IWD 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.
FLCV vs IWD Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year FLCV returned +23.69% while IWD returned +27.09%. Year to date, FLCV is up 18.52% versus a gain of 21.07% for IWD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 11.6% for FLCV. 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 -15.9% for FLCV and -15.7% for IWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLCV charges 0.32% per year while IWD charges 0.18%. On a $10,000 position that is $32 vs $18 annually, a gap of $14 per year that compounds over a long holding period. On income, FLCV currently yields 0.72% against 1.43% for IWD.
Holdings Overlap
88.8% of FLCV's money is in holdings IWD also owns. 46.4% of IWD's money is in holdings FLCV also owns.
Most of FLCV is already inside IWD. Owning both mostly buys the same companies twice.
106 positions in common, counted across the 126 positions we hold weights for in FLCV and 871 in IWD, against full books of 252 and 869.
What only one of them owns
Our book lists 686 positions for IWD that do not appear in our book for FLCV (52.0% of the fund), and 19 for FLCV that do not appear in IWD (10.4%).
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 FLCV | Weight in IWD | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.28% | 6.01% | 0.27% |
| AMZNAmazon.Com Inc | 5.80% | 6.06% | 0.26% |
| MSFTMicrosoft Corp | 4.38% | 5.23% | 0.85% |
| JPMJpmorgan Chase | 1.78% | 2.45% | 0.67% |
| ABBVAbbvie Inc. | 3.01% | 1.16% | 1.85% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.65% | 1.85% | 0.20% |
| JNJJohnson & Johnson - Common | 1.59% | 1.71% | 0.12% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.58% | 1.18% | 0.40% |
| WMTWalmart, Inc. | 1.53% | 1.15% | 0.38% |
| INTCIntel Corporation | 1.01% | 1.50% | 0.49% |
88.8% of FLCV is already inside IWD.
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, FLCV or IWD?
FLCV has an expense ratio of 0.32% while IWD charges 0.18%. IWD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, FLCV or IWD?
Over the past year FLCV returned +23.69% vs +27.09% for IWD, so IWD leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +18.94% vs +18.04% for IWD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or IWD?
IWD has been the more volatile fund at 11.7% annualized versus 11.6% for FLCV. Worst drawdown: FLCV -15.9% vs IWD -15.7%.
Should I hold both FLCV and IWD?
FLCV and IWD have a monthly-return correlation of 0.96, 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 FLCV and IWD?
88.8% of FLCV's money is in holdings IWD also owns. 46.4% of IWD's is in holdings FLCV also owns. They hold 106 positions in common, counted across the 126 positions we hold weights for in FLCV and 871 in IWD.
Which pays a higher dividend, FLCV or IWD?
FLCV yields 0.72% while IWD yields 1.43%, so IWD currently pays the higher dividend yield.
Is IWD better than FLCV?
IWD has a lower expense ratio. FLCV led over the full window, IWD over 1Y. The two have moved almost in lockstep, correlation 0.96. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 31.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.