FLCV vs TVAL
Federated Hermes MDT Large Cap Value ETF vs T. Rowe Price Value ETF
Which is better, FLCV or TVAL?
Nearly the same fund. FLCV costs less.
FLCV has a lower expense ratio. FLCV led over the full window, TVAL over 1Y. The two have moved almost in lockstep, correlation 0.95. TVAL is less concentrated, with 29.8% 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 | TVAL |
|---|---|---|
| Expense Ratio | 0.32%Best | 0.33% |
| AUM | $211M | $1.1B |
| Dividend Yield | 0.72% | 0.97% |
| Holdings | 252 | 155 |
| YTD Return | +18.52% | +20.77%Best |
| 1Y Return | +23.69% | +27.42%Best |
| 3Y Return (annualized) | - | +20.43% |
| Volatility (annualized) | 11.6%Best | 12.2% |
| Max Drawdown | -15.9% | -15.8%Best |
| $10,000 over 2.2 years | $14,646Best | $14,078 |
| Top 10 Weight | 31.0% | 29.8%Best |
| Fund Family | Federated Hermes | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 30, 2024 | Jun 14, 2023 |
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 TVAL 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 TVAL Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year FLCV returned +23.69% while TVAL returned +27.42%. Year to date, FLCV is up 18.52% versus a gain of 20.77% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TVAL has been the more volatile fund, with annualized monthly volatility of 12.2% 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 -15.8% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 TVAL 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 0.97% for TVAL.
Holdings Overlap
48.1% of FLCV's money is in holdings TVAL also owns. 44.2% of TVAL's money is in holdings FLCV also owns.
The two portfolios partly overlap.
40 positions in common, counted across the 126 positions we hold weights for in FLCV and 148 in TVAL, against full books of 252 and 155.
What only one of them owns
Our book lists 100 positions for TVAL that do not appear in our book for FLCV (51.1% of the fund), and 86 for FLCV that do not appear in TVAL (51.9%).
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 TVAL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 5.80% | 6.50% | 0.70% |
| AAPLApple, Inc | 6.28% | 5.78% | 0.50% |
| MSFTMicrosoft Corp | 4.38% | 5.15% | 0.77% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.65% | 2.02% | 0.37% |
| ABBVAbbvie Inc. | 3.01% | 0.60% | 2.41% |
| JPMJpmorgan Chase | 1.78% | 1.74% | 0.04% |
| JNJJohnson & Johnson - Common | 1.59% | 1.82% | 0.23% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.58% | 1.43% | 0.15% |
| WMTWalmart, Inc. | 1.53% | 0.92% | 0.61% |
| GILDGilead Sciences | 1.25% | 1.20% | 0.05% |
48.1% of FLCV is already inside TVAL.
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 TVAL?
FLCV has an expense ratio of 0.32% while TVAL charges 0.33%. FLCV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FLCV or TVAL?
Over the past year FLCV returned +23.69% vs +27.42% for TVAL, so TVAL leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +18.94% vs +16.82% for TVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or TVAL?
TVAL has been the more volatile fund at 12.2% annualized versus 11.6% for FLCV. Worst drawdown: FLCV -15.9% vs TVAL -15.8%.
Should I hold both FLCV and TVAL?
FLCV and TVAL have a monthly-return correlation of 0.95, 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 TVAL?
48.1% of FLCV's money is in holdings TVAL also owns. 44.2% of TVAL's is in holdings FLCV also owns. They hold 40 positions in common, counted across the 126 positions we hold weights for in FLCV and 148 in TVAL.
Which pays a higher dividend, FLCV or TVAL?
FLCV yields 0.72% while TVAL yields 0.97%, so TVAL currently pays the higher dividend yield.
Is TVAL better than FLCV?
FLCV has a lower expense ratio. FLCV led over the full window, TVAL over 1Y. The two have moved almost in lockstep, correlation 0.95. TVAL is less concentrated, with 29.8% 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.