FLCV vs VYM
Federated Hermes MDT Large Cap Value ETF vs Vanguard High Dividend Yield ETF
Which is better, FLCV or VYM?
FLCV has been ahead.
VYM has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 30.6%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.32% | 0.04%Best |
| AUM | $164M | $83.1B |
| Dividend Yield | 0.69% | 2.22% |
| Holdings | 252 | 608 |
| YTD Return | +18.55%Best | +11.86% |
| 1Y Return | +24.37%Best | +16.81% |
| 3Y Return (annualized) | - | +18.64% |
| 5Y Return (annualized) | - | +11.86% |
| Volatility (annualized) | 11.6% | 10.6%Best |
| Max Drawdown | -15.9% | -14.5%Best |
| $10,000 over 2.2 years | $14,657Best | $13,556 |
| Top 10 Weight | 30.6% | 26.1%Best |
| Fund Family | Federated Hermes | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 30, 2024 | Nov 10, 2006 |
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 13, 2026 (2.2 years).
FLCV vs VYM 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 VYM Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FLCV returned +24.37% while VYM returned +16.81%. Year to date, FLCV is up 18.55% versus a gain of 11.86% for VYM.
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 10.6% for VYM. 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 -14.5% for VYM. 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
FLCV charges 0.32% per year while VYM charges 0.04%. On a $10,000 position that is $32 vs $4 annually, a gap of $28 per year that compounds over a long holding period. On income, FLCV currently yields 0.69% against 2.22% for VYM.
Holdings Overlap
49.6% of FLCV's money is in holdings VYM also owns. 36.3% of VYM's money is in holdings FLCV also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, FLCV as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
63 positions in common, counted across the 125 positions we hold weights for in FLCV and 557 in VYM, against full books of 252 and 608.
What only one of them owns
Our book lists 465 positions for VYM that do not appear in our book for FLCV (60.7% of the fund), and 61 for FLCV that do not appear in VYM (50.4%).
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 VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 1.86% | 3.82% | 1.96% |
| ABBVAbbvie Inc. | 2.86% | 1.80% | 1.06% |
| JNJJohnson & Johnson - Common | 1.97% | 2.51% | 0.54% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.64% | 2.63% | 0.99% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.52% | 1.86% | 0.34% |
| UNHUnitedhealth Group Incorporated | 1.00% | 1.52% | 0.52% |
| TRVThe Travelers Cos, Inc. | 2.09% | 0.32% | 1.77% |
| STTState Street Corp. | 2.04% | 0.20% | 1.84% |
| BKBank Of New York Mellon Corp | 1.64% | 0.44% | 1.20% |
| TXNTexas Instrument Inc | 1.03% | 1.02% | 0.01% |
49.6% of FLCV is already inside VYM.
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, FLCV or VYM?
FLCV has an expense ratio of 0.32% while VYM charges 0.04%. VYM is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, FLCV or VYM?
Over the past year FLCV returned +24.37% vs +16.81% for VYM, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +18.98% vs +14.83% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or VYM?
FLCV has been the more volatile fund at 11.6% annualized versus 10.6% for VYM. Worst drawdown: FLCV -15.9% vs VYM -14.5%.
Should I hold both FLCV and VYM?
FLCV and VYM 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 FLCV and VYM?
49.6% of FLCV's money is in holdings VYM also owns. 36.3% of VYM's is in holdings FLCV also owns. They hold 63 positions in common, counted across the 125 positions we hold weights for in FLCV and 557 in VYM.
Which pays a higher dividend, FLCV or VYM?
FLCV yields 0.69% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FLCV?
VYM has a lower expense ratio. FLCV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 30.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.