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FLCV vs. SPYV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLCV vs. SPYV

Last updated Apr 10, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds — FLCV is a Large Cap Value Equities fund actively managed by Federated Hermes, while SPYV is a S&P 500 fund tracking the S&P 500 Value. FLCV is actively managed, while SPYV is passively managed. Over the past year, FLCV returned 25.65% vs 22.25% for SPYV. Their correlation of 0.91 suggests significant overlap in exposure. FLCV charges 0.32%/yr vs 0.04%/yr for SPYV.

Performance

FLCV vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Value ETF (FLCV) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLCV achieves a 5.32% return, which is significantly higher than SPYV's 2.76% return.

FLCV

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

SPYV

1D
0.40%
1M
1.19%
YTD
2.76%
6M
5.80%
1Y
22.25%
3Y*
14.97%
5Y*
10.80%
10Y*
11.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLCV vs. SPYV - Yearly Performance Comparison

2026 (YTD)20252024
FLCV
Federated Hermes MDT Large Cap Value ETF		5.32%15.64%6.56%
SPYV
SPDR Portfolio S&P 500 Value ETF		2.76%13.18%1.41%

Correlation

The correlation between FLCV and SPYV is 0.91, 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

0.91

Correlation (All Time)
Calculated using the full available price history since Aug 1, 2024

0.91

The correlation between FLCV and SPYV has been stable across timeframes, ranging from 0.91 to 0.91 — a consistent structural relationship.

FLCV vs. SPYV - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is higher than SPYV's 0.04% expense ratio.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Federated Hermes MDT Large Cap Value ETF

SPDR Portfolio S&P 500 Value ETF

Often compared with FLCV:
FLCV vs. AVLVFLCV vs. MKTNFLCV vs. FSCCFLCV vs. FLCGFLCV vs. VTVFLCV vs. ELCVFLCV vs. GCOW
Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SPHQSPYV vs. SCHDSPYV vs. SPYDSPYV vs. BRK-B

Return for Risk

FLCV vs. SPYV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLCV
FLCV Risk / Return Rank: 6565
Overall Rank
FLCV Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
FLCV Sortino Ratio Rank: 5353
Sortino Ratio Rank
FLCV Omega Ratio Rank: 4848
Omega Ratio Rank
FLCV Calmar Ratio Rank: 8787
Calmar Ratio Rank
FLCV Martin Ratio Rank: 8686
Martin Ratio Rank
SPYV
SPYV Risk / Return Rank: 5858
Overall Rank
SPYV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 4444
Sortino Ratio Rank
SPYV Omega Ratio Rank: 4444
Omega Ratio Rank
SPYV Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPYV Martin Ratio Rank: 7676
Martin Ratio Rank
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. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.

FLCVSPYVDifference

Sharpe ratio

Return per unit of total volatility

2.03

1.93

+0.10

Sortino ratio

Return per unit of downside risk

2.87

2.70

+0.17

Omega ratio

Gain probability vs. loss probability

1.36

1.36

0.00

Calmar ratio

Return relative to maximum drawdown

5.79

4.69

+1.10

Martin ratio

Return relative to average drawdown

21.25

17.34

+3.90

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. SPYV - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.03, which is comparable to the SPYV Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FLCV and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FLCVSPYVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.03

1.93

+0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.75

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.70

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.10

0.41

+0.68

Drawdowns

FLCV vs. SPYV - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for FLCV and SPYV.

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Drawdown Indicators

FLCVSPYVDifference

Max Drawdown

Largest peak-to-trough decline

-15.93%

-58.45%

+42.52%

Max Drawdown (1Y)

Largest decline over 1 year

-5.70%

-6.22%

+0.52%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.89%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.89%

—

Current Drawdown

Current decline from peak

0.00%

-1.89%

+1.89%

Average Drawdown

Average peak-to-trough decline

-2.19%

-8.77%

+6.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.55%

1.68%

-0.13%

Volatility

FLCV vs. SPYV - Volatility Comparison

Federated Hermes MDT Large Cap Value ETF (FLCV) and SPDR Portfolio S&P 500 Value ETF (SPYV) have volatilities of 4.27% and 4.13%, 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.

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Volatility by Period

FLCVSPYVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

4.13%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

9.07%

8.02%

+1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

14.81%

13.76%

+1.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.32%

14.46%

+0.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

16.96%

-1.64%

Dividends

FLCV vs. SPYV - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.78%, less than SPYV's 1.77% yield.

TTM20252024202320222021202020192018201720162015
FLCV
Federated Hermes MDT Large Cap Value ETF		0.78%0.83%0.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPYV
SPDR Portfolio S&P 500 Value ETF		1.77%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%