FLCV vs. DEW

Last updated Jun 4, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and DEW (WisdomTree Global High Dividend Fund) are both Large Cap Value Equities funds. FLCV is actively managed, while DEW is passively managed. Over the past year, FLCV returned 22.99% vs 25.31% for DEW. A 0.78 correlation means they provide meaningful diversification when combined. FLCV charges 0.32%/yr vs 0.58%/yr for DEW.

Performance

FLCV vs. DEW - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCV achieves a 12.98% return, which is significantly higher than DEW's 11.59% return.

FLCV

• 1D: 0.02%
• 1M: 3.46%
• YTD: 12.98%
• 6M: 14.06%
• 1Y: 22.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DEW

• 1D: -0.19%
• 1M: 0.84%
• YTD: 11.59%
• 6M: 12.75%
• 1Y: 25.31%
• 3Y*: 18.77%
• 5Y*: 10.67%
• 10Y*: 9.30%

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

FLCV vs. DEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	12.98%	15.64%	6.56%
DEW WisdomTree Global High Dividend Fund	11.59%	22.39%	1.15%

Correlation

The correlation between FLCV and DEW is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.78

The correlation between FLCV and DEW has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

FLCV vs. DEW - Sectors Allocation Comparison

Sectors	FLCV	DEW
Financial Services	18.3%	19.7%
Technology	16.1%	2.5%
Industrials	12.9%	4.4%
Healthcare	11.8%	9.5%
Consumer Cyclical	9.6%	3.1%
Communication Services	7.7%	4.1%
Energy	6.9%	14.7%
Consumer Defensive	5.5%	8.9%
Utilities	4.2%	10.8%
Basic Materials	4.0%	2.8%
Real Estate	3.0%	10.8%

Return for Risk

FLCV vs. DEW — Risk / Return Rank

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

FLCV

FLCV Risk / Return Rank: 69
FLCV Sharpe Ratio Rank: 62
FLCV Sortino Ratio Rank: 65
FLCV Omega Ratio Rank: 60
FLCV Calmar Ratio Rank: 79
FLCV Martin Ratio Rank: 79

DEW

DEW Risk / Return Rank: 80
DEW Sharpe Ratio Rank: 81
DEW Sortino Ratio Rank: 82
DEW Omega Ratio Rank: 78
DEW Calmar Ratio Rank: 78
DEW Martin Ratio Rank: 80

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. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and WisdomTree Global High Dividend Fund (DEW). 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	DEW	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.64	-0.60
Sortino ratio: Return per unit of downside risk	2.95	3.70	-0.75
Omega ratio: Gain probability vs. loss probability	1.36	1.47	-0.11
Calmar ratio: Return relative to maximum drawdown	4.05	4.01	+0.04
Martin ratio: Return relative to average drawdown	15.17	15.80	-0.63
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. DEW - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.04, which is comparable to the DEW Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of FLCV and DEW, 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	DEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.64	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.28	+1.04

Drawdowns

FLCV vs. DEW - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for FLCV and DEW.

Drawdown Indicators

	FLCV	DEW	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-65.55%	+49.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-6.34%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.77%	—
Current Drawdown Current decline from peak	0.00%	-1.29%	+1.29%
Average Drawdown Average peak-to-trough decline	-2.03%	-12.44%	+10.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.61%	-0.09%

Volatility

FLCV vs. DEW - Volatility Comparison

Federated Hermes MDT Large Cap Value ETF (FLCV) and WisdomTree Global High Dividend Fund (DEW) have volatilities of 2.66% and 2.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCV	DEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.79%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	7.16%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	9.61%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	12.99%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	15.53%	-0.58%

FLCV vs. DEW - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

FLCV vs. DEW - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.73%, less than DEW's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEW WisdomTree Global High Dividend Fund	3.22%	3.71%	4.02%	4.55%	3.82%	3.55%	4.10%	3.74%	4.17%	3.18%	3.42%	4.32%
FLCV Federated Hermes MDT Large Cap Value ETF	0.73%	0.83%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCV and DEW in my portfolio?

FLCV and DEW have a correlation of 0.75, 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 DEW?

DEW has higher volatility (2.79%) compared to FLCV (2.66%). In terms of maximum drawdown, FLCV dropped -15.93% vs DEW's -65.55%.

Which ETF is better, FLCV or DEW?

On 1-year performance, DEW leads with 25.31% vs 22.99% for FLCV. On fees, FLCV is cheaper at 0.32% per year. On volatility, FLCV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCV or DEW?

Over the 1-year period, DEW has performed better with a 25.31% return vs 22.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCV or DEW?

FLCV is cheaper with a 0.32% expense ratio, compared with 0.58% for DEW.

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

DEW has the higher dividend yield at 3.22%, compared with 0.73% for FLCV.

What is the main difference between FLCV and DEW?

They also come from different issuers: Federated Hermes and WisdomTree. Their fees differ too: 0.32% for FLCV and 0.58% for DEW.

Which has better risk-adjusted returns?

DEW currently has the higher Sharpe Ratio (2.64 vs 2.04), 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.