FLCV vs. DLN

Last updated Jun 23, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. FLCV is actively managed, while DLN is passively managed. Over the past year, FLCV returned 25.64% vs 22.40% for DLN. Their correlation of 0.90 suggests significant overlap in exposure. FLCV charges 0.32%/yr vs 0.28%/yr for DLN.

Performance

FLCV vs. DLN - 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 U.S. LargeCap Dividend Fund (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCV achieves a 14.52% return, which is significantly higher than DLN's 10.10% return.

FLCV

• 1D: 0.40%
• 1M: 2.97%
• YTD: 14.52%
• 6M: 13.75%
• 1Y: 25.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLN

• 1D: 0.12%
• 1M: 0.19%
• YTD: 10.10%
• 6M: 9.85%
• 1Y: 22.40%
• 3Y*: 18.17%
• 5Y*: 12.65%
• 10Y*: 12.87%

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

FLCV vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	14.52%	15.64%	5.96%
DLN WisdomTree U.S. LargeCap Dividend Fund	10.10%	15.53%	5.09%

Correlation

The correlation between FLCV and DLN is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.90

The correlation between FLCV and DLN has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

FLCV vs. DLN - Sectors Allocation Comparison

Sectors	FLCV	DLN
Technology	20.3%	22.8%
Financial Services	17.2%	17.4%
Industrials	12.7%	7.8%
Healthcare	11.7%	12.6%
Consumer Cyclical	9.9%	4.9%
Communication Services	7.7%	7.5%
Energy	5.4%	7.9%
Consumer Defensive	5.2%	8.9%
Utilities	4.0%	5.5%
Basic Materials	3.2%	1.0%
Real Estate	2.9%	3.9%

Return for Risk

FLCV vs. DLN — Risk / Return Rank

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

FLCV

FLCV Risk / Return Rank: 76
FLCV Sharpe Ratio Rank: 72
FLCV Sortino Ratio Rank: 73
FLCV Omega Ratio Rank: 68
FLCV Calmar Ratio Rank: 85
FLCV Martin Ratio Rank: 84

DLN

DLN Risk / Return Rank: 80
DLN Sharpe Ratio Rank: 81
DLN Sortino Ratio Rank: 83
DLN Omega Ratio Rank: 79
DLN Calmar Ratio Rank: 75
DLN Martin Ratio Rank: 81

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. DLN - 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 U.S. LargeCap Dividend Fund (DLN). 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.

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	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.49	-0.27
Sortino ratio: Return per unit of downside risk	3.15	3.54	-0.39
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	4.52	3.69	+0.83
Martin ratio: Return relative to average drawdown	16.83	15.49	+1.33

FLCV vs. DLN - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.22, which is comparable to the DLN Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of FLCV and DLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLCV vs. DLN - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for FLCV and DLN.

Drawdown Indicators

	FLCV	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-57.84%	+41.91%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-6.10%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-0.14%	-0.99%	+0.85%
Average Drawdown Average peak-to-trough decline	-2.01%	-7.51%	+5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.45%	+0.08%

Volatility

FLCV vs. DLN - Volatility Comparison

Federated Hermes MDT Large Cap Value ETF (FLCV) has a higher volatility of 3.60% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.78%. This indicates that FLCV's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCV	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	2.78%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	7.00%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	9.04%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	13.27%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	16.17%	-1.22%

FLCV vs. DLN - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

FLCV vs. DLN - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.72%, less than DLN's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
FLCV Federated Hermes MDT Large Cap Value ETF	0.72%	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 DLN in my portfolio?

FLCV and DLN have a correlation of 0.87, 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 DLN?

FLCV has higher volatility (3.60%) compared to DLN (2.78%). In terms of maximum drawdown, FLCV dropped -15.93% vs DLN's -57.84%.

Which ETF is better, FLCV or DLN?

On 1-year performance, FLCV leads with 25.64% vs 22.40% for DLN. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCV or DLN?

Over the 1-year period, FLCV has performed better with a 25.64% return vs 22.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCV or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.32% for FLCV.

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

DLN has the higher dividend yield at 1.79%, compared with 0.72% for FLCV.

What is the main difference between FLCV and DLN?

They also come from different issuers: Federated Hermes and WisdomTree. Their fees differ too: 0.32% for FLCV and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.49 vs 2.22), 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.