FLCV vs. AVLV

Last updated Apr 10, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. FLCV is actively managed, while AVLV is passively managed. Over the past year, FLCV returned 25.65% vs 37.81% for AVLV. Their correlation of 0.89 suggests significant overlap in exposure. FLCV charges 0.32%/yr vs 0.15%/yr for AVLV.

Performance

FLCV vs. AVLV - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCV achieves a 5.32% return, which is significantly lower than AVLV's 11.24% return.

FLCV

• 1D: 0.34%
• 1M: 3.07%
• YTD: 5.32%
• 6M: 9.26%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVLV

• 1D: 0.85%
• 1M: 3.84%
• YTD: 11.24%
• 6M: 17.34%
• 1Y: 37.81%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

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

FLCV vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	5.32%	15.64%	6.56%
AVLV Avantis U.S. Large Cap Value ETF	11.24%	15.12%	4.36%

Correlation

The correlation between FLCV and AVLV is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.89

The correlation between FLCV and AVLV has been stable across timeframes, ranging from 0.88 to 0.89 — a consistent structural relationship.

FLCV vs. AVLV - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Return for Risk

FLCV vs. AVLV — Risk / Return Rank

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

FLCV

FLCV Risk / Return Rank: 65
FLCV Sharpe Ratio Rank: 52
FLCV Sortino Ratio Rank: 53
FLCV Omega Ratio Rank: 48
FLCV Calmar Ratio Rank: 87
FLCV Martin Ratio Rank: 86

AVLV

AVLV Risk / Return Rank: 82
AVLV Sharpe Ratio Rank: 78
AVLV Sortino Ratio Rank: 72
AVLV Omega Ratio Rank: 71
AVLV Calmar Ratio Rank: 94
AVLV Martin Ratio Rank: 93

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. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and Avantis U.S. Large Cap Value ETF (AVLV). 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	AVLV	Difference
Sharpe ratio Return per unit of total volatility	2.03	2.69	-0.66
Sortino ratio Return per unit of downside risk	2.87	3.68	-0.80
Omega ratio Gain probability vs. loss probability	1.36	1.49	-0.13
Calmar ratio Return relative to maximum drawdown	5.79	7.33	-1.54
Martin ratio Return relative to average drawdown	21.25	27.27	-6.03
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. AVLV - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.03, which is comparable to the AVLV Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FLCV and AVLV, 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	AVLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.69	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.77	+0.33

Drawdowns

FLCV vs. AVLV - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum AVLV drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for FLCV and AVLV.

Drawdown Indicators

	FLCV	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-19.50%	+3.57%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-6.39%	+0.69%
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	-2.19%	-4.05%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.72%	-0.17%

Volatility

FLCV vs. AVLV - Volatility Comparison

The current volatility for Federated Hermes MDT Large Cap Value ETF (FLCV) is 4.27%, while Avantis U.S. Large Cap Value ETF (AVLV) has a volatility of 4.86%. This indicates that FLCV experiences smaller price fluctuations and is considered to be less risky than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCV	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.86%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	10.15%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	16.60%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	17.55%	-2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	17.55%	-2.23%

Dividends

FLCV vs. AVLV - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.78%, less than AVLV's 1.16% yield.

	TTM	2025	2024	2023	2022	2021
FLCV Federated Hermes MDT Large Cap Value ETF	0.78%	0.83%	0.24%	0.00%	0.00%	0.00%
AVLV Avantis U.S. Large Cap Value ETF	1.16%	1.33%	1.58%	1.85%	2.00%	0.29%