FLCV vs PJFV
Federated Hermes MDT Large Cap Value ETF vs PGIM Jennison Focused Value ETF
Which is better, FLCV or PJFV?
PJFV has been ahead.
FLCV has a lower expense ratio. PJFV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. FLCV is less concentrated, with 31.0% of the fund in its ten largest positions against 41.1%.
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 | PJFV |
|---|---|---|
| Expense Ratio | 0.32%Best | 0.33% |
| AUM | $211M | $183M |
| Dividend Yield | 0.72% | 0.57% |
| Holdings | 252 | 37 |
| YTD Return | +18.52% | +20.68%Best |
| 1Y Return | +23.69% | +27.75%Best |
| 3Y Return (annualized) | - | +24.90% |
| Volatility (annualized) | 11.6%Best | 11.9% |
| Max Drawdown | -15.9%Best | -18.1% |
| $10,000 over 2.2 years | $14,646 | $15,279Best |
| Top 10 Weight | 31.0%Best | 41.1% |
| Fund Family | Federated Hermes | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 30, 2024 | Dec 12, 2022 |
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).
FLCV vs PJFV 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 PJFV Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and PGIM Jennison Focused Value ETF (PJFV) is an ETF from PGIM Investments. Over the past year FLCV returned +23.69% while PJFV returned +27.75%. Year to date, FLCV is up 18.52% versus a gain of 20.68% for PJFV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFV has been the more volatile fund, with annualized monthly volatility of 11.9% 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 -18.1% for PJFV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. 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 PJFV charges 0.33%. On a $10,000 position that is $32 vs $33 annually, a gap of $1 per year that compounds over a long holding period. On income, FLCV currently yields 0.72% against 0.57% for PJFV.
Holdings Overlap
28.3% of FLCV's money is in holdings PJFV also owns. 47.5% of PJFV's money is in holdings FLCV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 126 positions we hold weights for in FLCV and 35 in PJFV, against full books of 252 and 37.
What only one of them owns
Our book lists 17 positions for PJFV that do not appear in our book for FLCV (41.4% of the fund), and 112 for FLCV that do not appear in PJFV (71.7%).
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 PJFV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.28% | 5.66% | 0.62% |
| MSFTMicrosoft Corp | 4.38% | 6.30% | 1.92% |
| AMZNAmazon.Com Inc | 5.80% | 4.67% | 1.13% |
| JPMJpmorgan Chase | 1.78% | 4.28% | 2.50% |
| ABBVAbbvie Inc. | 3.01% | 2.93% | 0.08% |
| XOMExxonmobil Corp. | 1.65% | 4.01% | 2.36% |
| WMTWalmart, Inc. | 1.53% | 3.41% | 1.88% |
| TXNTexas Instrument Inc | 1.17% | 2.19% | 1.02% |
| GOOGLAlphabet Inc | 0.28% | 3.03% | 2.75% |
| GMGeneral Motors Co | 0.91% | 2.23% | 1.32% |
47.5% of PJFV 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, FLCV or PJFV?
FLCV has an expense ratio of 0.32% while PJFV charges 0.33%. FLCV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FLCV or PJFV?
Over the past year FLCV returned +23.69% vs +27.75% for PJFV, so PJFV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +18.94% vs +21.25% for PJFV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or PJFV?
PJFV has been the more volatile fund at 11.9% annualized versus 11.6% for FLCV. Worst drawdown: FLCV -15.9% vs PJFV -18.1%.
Should I hold both FLCV and PJFV?
FLCV and PJFV have a monthly-return correlation of 0.90, 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 PJFV?
47.5% of PJFV's money is in holdings FLCV also owns. 47.5% of PJFV's is in holdings FLCV also owns. They hold 14 positions in common, counted across the 126 positions we hold weights for in FLCV and 35 in PJFV.
Which pays a higher dividend, FLCV or PJFV?
FLCV yields 0.72% while PJFV yields 0.57%, so FLCV currently pays the higher dividend yield.
Is PJFV better than FLCV?
FLCV has a lower expense ratio. PJFV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. FLCV is less concentrated, with 31.0% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.