FLCV vs. FDV

Last updated Aug 2, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and FDV (Federated Hermes U.S. Strategic Dividend ETF) are both Large Cap Value Equities funds from Federated. Both are actively managed. Their 0.12 correlation means their historical movements had little consistent relationship. FLCV charges 0.32%/yr vs 0.50%/yr for FDV.

Performance

FLCV vs. FDV - Performance Comparison

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

Returns By Period

FLCV

• 1D: 0.53%
• 1M: 3.24%
• 6M: 14.98%
• YTD: 18.87%
• 1Y: 26.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.70%

FDV

• 1D: -0.11%
• 1M: 2.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDV Federated Hermes U.S. Strategic Dividend ETF	$6.37M	$5.52M	$4.30M
FLCV Federated Hermes MDT Large Cap Value ETF	$2.44M	$1.83M	$941.78K

FLCV vs. FDV - Yearly Performance Comparison

	2026 (YTD)
FLCV Federated Hermes MDT Large Cap Value ETF	7.79%
FDV Federated Hermes U.S. Strategic Dividend ETF	5.51%

Correlation

The correlation between FLCV and FDV is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 22, 2026	0.12

FLCV vs. FDV - Sectors Allocation Comparison

Sectors	FLCV	FDV
Technology	20.7%	9.5%
Financial Services	18.2%	14.4%
Industrials	13.2%	2.7%
Healthcare	12.2%	14.7%
Consumer Cyclical	8.8%	7.8%
Communication Services	6.8%	1.8%
Energy	5.3%	8.7%
Consumer Defensive	5.1%	13.3%
Utilities	4.1%	16.1%
Basic Materials	2.8%	1.4%
Real Estate	2.8%	9.5%

Return for Risk

FLCV vs. FDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLCV

FLCV Risk / Return Rank: 91
FLCV Sharpe Ratio Rank: 90
FLCV Sortino Ratio Rank: 90
FLCV Omega Ratio Rank: 88
FLCV Calmar Ratio Rank: 93
FLCV Martin Ratio Rank: 93

FDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLCV vs. FDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and Federated Hermes U.S. Strategic Dividend ETF (FDV). 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	FDV	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.20	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	4.49	—	—
Martin ratio: Return relative to average drawdown	17.56	—	—

Drawdowns

FLCV vs. FDV - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, which is greater than FDV's maximum drawdown of -3.33%. Use the drawdown chart below to compare losses from any high point for FLCV and FDV.

Drawdown Indicators

	FLCV	FDV	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-3.33%	-12.60%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	—	—
Current Drawdown Current decline from peak	0.00%	-1.54%	+1.54%
Average Drawdown Average peak-to-trough decline	-1.92%	-0.96%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	—	—

Volatility

Volatility by Period

	FLCV	FDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.53%	13.81%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.68%	13.81%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.68%	13.81%	+0.87%

FLCV vs. FDV - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is lower than FDV's 0.50% expense ratio.

Dividends

FLCV vs. FDV - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.69%, less than FDV's 0.78% yield.

Position	TTM	2025	2024
FDV Federated Hermes U.S. Strategic Dividend ETF	0.78%	0.00%	0.00%
FLCV Federated Hermes MDT Large Cap Value ETF	0.69%	0.83%	0.24%

Frequently Asked Questions

Can I hold both FLCV and FDV in my portfolio?

FLCV and FDV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLCV or FDV?

On fees, FLCV is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCV or FDV?

FLCV is cheaper with a 0.32% expense ratio, compared with 0.50% for FDV.

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

FDV has the higher dividend yield at 0.78%, compared with 0.69% for FLCV.

What is the main difference between FLCV and FDV?

Their fees differ too: 0.32% for FLCV and 0.50% for FDV.