- ISIN
- US31423L7010
- CUSIP
- 31423L701
- Issuer
- Federated Hermes
- Inception Date
- Jul 30, 2024
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $72M
Share Price Chart
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Performance
FLCV Performance Chart
Federated Hermes MDT Large Cap Value ETF (FLCV) is up 14.5% since the beginning of the year. FLCV is currently trading at $36 per share.
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Returns By Period
Federated Hermes MDT Large Cap Value ETF (FLCV) has returned 14.52% so far this year and 25.64% over the past 12 months.
Federated Hermes MDT Large Cap Value ETF
- 1D
- 0.40%
- 1M
- 2.97%
- YTD
- 14.52%
- 6M
- 13.75%
- 1Y
- 25.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLCV Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 2024, FLCV's average daily return is +0.08%, while the average monthly return is +1.48%. At this rate, an investment would double in approximately 3.9 years.
Historically, 75% of months were positive and 25% were negative. The best month was Apr 2026 with a return of +8.5%, while the worst month was Dec 2024 at -6.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FLCV closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.6%, while the worst single day was Apr 4, 2025 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.39% | 1.65% | -3.64% | 8.47% | 2.24% | 1.97% | 14.52% | ||||||
| 2025 | 4.76% | 0.29% | -2.96% | -2.12% | 5.43% | 3.22% | 0.86% | 1.97% | 0.64% | -1.01% | 2.84% | 1.06% | 15.64% |
| 2024 | -0.56% | 4.07% | 1.73% | 0.49% | 7.14% | -6.52% | 5.96% |
Benchmark Metrics
Federated Hermes MDT Large Cap Value ETF has an annualized alpha of 4.87%, beta of 0.78, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since July 31, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (83.79%) than losses (56.14%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 4.87% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.87%
- Beta
- 0.78
- R²
- 0.78
- Upside Capture
- 83.79%
- Downside Capture
- 56.14%
Expense Ratio
FLCV has an expense ratio of 0.32%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLCV ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLCV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 2.78 | +1.74 |
| Martin ratioReturn relative to average drawdown | 16.83 | 12.44 | +4.39 |
Dividends
Dividend History
Federated Hermes MDT Large Cap Value ETF provided a 0.72% dividend yield over the last twelve months, with an annual payout of $0.26 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.07 |
Dividend yield | 0.72% | 0.83% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes MDT Large Cap Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2024 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes MDT Large Cap Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes MDT Large Cap Value ETF was 15.93%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current Federated Hermes MDT Large Cap Value ETF drawdown is 0.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.93%Apr 2025 | 4mo 12d | 2mo 17d | 6mo 29dNov 2024 - Jun 2025 |
2026 pullback2026 | -5.70%Mar 2026 | 27d | 14d | 1mo 11dMar 2026 - Apr 2026 |
2024 pullback2024 | -5.67%Aug 2024 | 5d | 14d | 19dJul 2024 - Aug 2024 |
2025 pullback2025 | -3.72%Oct 2025 | 4d | 17d | 21dOct 2025 - Oct 2025 |
2025 pullback2025 | -3.65%Nov 2025 | 23d | 5d | 28dOct 2025 - Nov 2025 |
Drawdown Indicators
| FLCV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.93% | -56.78% | +40.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -9.10% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.14% | -1.80% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -10.71% | +8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.03% | -0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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