FLCV vs. ABEQ

Last updated Jun 5, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and ABEQ (Absolute Select Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, FLCV returned 24.24% vs 9.90% for ABEQ. A 0.70 correlation means they provide meaningful diversification when combined. FLCV charges 0.32%/yr vs 0.85%/yr for ABEQ.

Performance

FLCV vs. ABEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Value ETF (FLCV) and Absolute Select Value ETF (ABEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCV achieves a 13.49% return, which is significantly higher than ABEQ's 3.99% return.

FLCV

• 1D: 0.45%
• 1M: 3.16%
• YTD: 13.49%
• 6M: 14.71%
• 1Y: 24.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABEQ

• 1D: 0.53%
• 1M: 0.25%
• YTD: 3.99%
• 6M: 3.81%
• 1Y: 9.90%
• 3Y*: 11.81%
• 5Y*: 7.17%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLCV vs. ABEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	13.49%	15.64%	6.56%
ABEQ Absolute Select Value ETF	3.99%	15.32%	0.54%

Correlation

The correlation between FLCV and ABEQ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.70

The correlation between FLCV and ABEQ has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

FLCV vs. ABEQ - Sectors Allocation Comparison

Sectors	FLCV	ABEQ
Financial Services	18.3%	24.8%
Technology	16.1%	4.4%
Industrials	12.9%	8.3%
Healthcare	11.8%	7.2%
Consumer Cyclical	9.6%	-
Communication Services	7.7%	3.0%
Energy	6.9%	10.3%
Consumer Defensive	5.5%	10.9%
Utilities	4.2%	1.4%
Basic Materials	4.0%	17.0%
Real Estate	3.0%	-

Return for Risk

FLCV vs. ABEQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLCV

FLCV Risk / Return Rank: 73
FLCV Sharpe Ratio Rank: 66
FLCV Sortino Ratio Rank: 69
FLCV Omega Ratio Rank: 64
FLCV Calmar Ratio Rank: 82
FLCV Martin Ratio Rank: 82

ABEQ

ABEQ Risk / Return Rank: 28
ABEQ Sharpe Ratio Rank: 32
ABEQ Sortino Ratio Rank: 31
ABEQ Omega Ratio Rank: 29
ABEQ Calmar Ratio Rank: 26
ABEQ Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLCV vs. ABEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and Absolute Select Value ETF (ABEQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FLCV	ABEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.12	+1.04
Sortino ratio: Return per unit of downside risk	3.10	1.62	+1.48
Omega ratio: Gain probability vs. loss probability	1.38	1.20	+0.18
Calmar ratio: Return relative to maximum drawdown	4.27	1.26	+3.01
Martin ratio: Return relative to average drawdown	16.00	3.08	+12.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCV vs. ABEQ - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.16, which is higher than the ABEQ Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of FLCV and ABEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLCV	ABEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.12	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.57	+0.78

Drawdowns

FLCV vs. ABEQ - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum ABEQ drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for FLCV and ABEQ.

Drawdown Indicators

	FLCV	ABEQ	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-27.82%	+11.89%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-7.89%	+2.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.26%	—
Current Drawdown Current decline from peak	0.00%	-6.94%	+6.94%
Average Drawdown Average peak-to-trough decline	-2.03%	-4.08%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	3.22%	-1.70%

Volatility

FLCV vs. ABEQ - Volatility Comparison

Federated Hermes MDT Large Cap Value ETF (FLCV) has a higher volatility of 2.61% compared to Absolute Select Value ETF (ABEQ) at 2.05%. This indicates that FLCV's price experiences larger fluctuations and is considered to be riskier than ABEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCV	ABEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.05%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	8.21%	6.67%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	8.92%	+2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	10.82%	+4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	13.84%	+1.10%

FLCV vs. ABEQ - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is lower than ABEQ's 0.85% expense ratio.

Dividends

FLCV vs. ABEQ - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.73%, less than ABEQ's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ABEQ Absolute Select Value ETF	1.20%	1.25%	1.48%	2.60%	1.20%	0.60%	0.60%
FLCV Federated Hermes MDT Large Cap Value ETF	0.73%	0.83%	0.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCV and ABEQ in my portfolio?

FLCV and ABEQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCV or ABEQ?

FLCV has higher volatility (2.61%) compared to ABEQ (2.05%). In terms of maximum drawdown, FLCV dropped -15.93% vs ABEQ's -27.82%.

Which ETF is better, FLCV or ABEQ?

On 1-year performance, FLCV leads with 24.24% vs 9.90% for ABEQ. On fees, FLCV is cheaper at 0.32% per year. On volatility, ABEQ has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCV or ABEQ?

Over the 1-year period, FLCV has performed better with a 24.24% return vs 9.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCV or ABEQ?

FLCV is cheaper with a 0.32% expense ratio, compared with 0.85% for ABEQ.

Which ETF pays a higher dividend yield, FLCV or ABEQ?

ABEQ has the higher dividend yield at 1.20%, compared with 0.73% for FLCV.

What is the main difference between FLCV and ABEQ?

They also come from different issuers: Federated Hermes and Absolute Investment Advisers LLC. Their fees differ too: 0.32% for FLCV and 0.85% for ABEQ.

Which has better risk-adjusted returns?

FLCV currently has the higher Sharpe Ratio (2.16 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.