FCSH vs. FSCC

Last updated Aug 4, 2026

FCSH (Federated Hermes Short Duration Corporate ETF) and FSCC (Federated Hermes MDT Small Cap Core ETF) are both exchange-traded funds - FCSH is a Short-Term Bond fund actively managed by Federated, while FSCC is a Small Cap Blend Equities fund actively managed by Federated. Both are actively managed. Over the past year, FCSH returned 2.76% vs 38.40% for FSCC. Their 0.22 correlation means their historical movements had little consistent relationship. FCSH charges 0.30%/yr vs 0.36%/yr for FSCC.

Performance

FCSH vs. FSCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Short Duration Corporate ETF (FCSH) and Federated Hermes MDT Small Cap Core ETF (FSCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCSH achieves a 0.65% return, which is significantly lower than FSCC's 19.06% return.

FCSH

• 1D: 0.17%
• 1M: -0.14%
• 6M: 0.41%
• YTD: 0.65%
• 1Y: 2.76%
• 3Y*: 5.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.35%

FSCC

• 1D: 1.53%
• 1M: -1.73%
• 6M: 12.71%
• YTD: 19.06%
• 1Y: 38.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.35%

*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)
FCSH Federated Hermes Short Duration Corporate ETF	$23.61K	$21.88K	$31.43K
FSCC Federated Hermes MDT Small Cap Core ETF	$1.55M	$1.60M	$2.07M

FCSH vs. FSCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FCSH Federated Hermes Short Duration Corporate ETF	0.65%	6.42%	1.73%
FSCC Federated Hermes MDT Small Cap Core ETF	19.06%	15.30%	2.15%

Correlation

The correlation between FCSH and FSCC is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.22

The correlation between FCSH and FSCC shifts across timeframes, from 0.22 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FCSH vs. FSCC — Risk / Return Rank

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

FCSH

FCSH Risk / Return Rank: 57
FCSH Sharpe Ratio Rank: 56
FCSH Sortino Ratio Rank: 59
FCSH Omega Ratio Rank: 57
FCSH Calmar Ratio Rank: 59
FCSH Martin Ratio Rank: 52

FSCC

FSCC Risk / Return Rank: 80
FSCC Sharpe Ratio Rank: 80
FSCC Sortino Ratio Rank: 80
FSCC Omega Ratio Rank: 74
FSCC Calmar Ratio Rank: 85
FSCC Martin Ratio Rank: 82

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.

FCSH vs. FSCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration Corporate ETF (FCSH) and Federated Hermes MDT Small Cap Core ETF (FSCC). 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.

	FCSH	FSCC	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.99	-0.55
Sortino ratio: Return per unit of downside risk	2.14	2.80	-0.66
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	2.23	3.49	-1.25
Martin ratio: Return relative to average drawdown	6.53	11.98	-5.45

FCSH vs. FSCC - Sharpe Ratio Comparison

The current FCSH Sharpe Ratio is 1.44, which is comparable to the FSCC Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of FCSH and FSCC, 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

FCSH vs. FSCC - Drawdown Comparison

The maximum FCSH drawdown since its inception was -8.47%, smaller than the maximum FSCC drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for FCSH and FSCC.

Drawdown Indicators

	FCSH	FSCC	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-27.17%	+18.70%
Max Drawdown (1Y) Largest decline over 1 year	-1.24%	-11.07%	+9.83%
Max Drawdown (3Y) Largest decline over 3 years	-1.32%	—	—
Current Drawdown Current decline from peak	-0.49%	-4.29%	+3.80%
Average Drawdown Average peak-to-trough decline	-2.15%	-4.98%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	3.21%	-2.79%

Volatility

FCSH vs. FSCC - Volatility Comparison

The current volatility for Federated Hermes Short Duration Corporate ETF (FCSH) is 0.52%, while Federated Hermes MDT Small Cap Core ETF (FSCC) has a volatility of 4.47%. This indicates that FCSH experiences smaller price fluctuations and is considered to be less risky than FSCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCSH	FSCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	4.47%	-3.95%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	14.40%	-12.75%
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	19.46%	-17.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.87%	22.03%	-19.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.87%	22.03%	-19.16%

FCSH vs. FSCC - Expense Ratio Comparison

FCSH has a 0.30% expense ratio, which is lower than FSCC's 0.36% expense ratio.

Dividends

FCSH vs. FSCC - Dividend Comparison

FCSH's dividend yield for the trailing twelve months is around 4.23%, more than FSCC's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021
FCSH Federated Hermes Short Duration Corporate ETF	4.23%	4.14%	4.44%	2.31%	1.76%	0.04%
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCSH and FSCC in my portfolio?

FCSH and FSCC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCSH or FSCC?

FSCC has higher volatility (4.47%) compared to FCSH (0.52%). In terms of maximum drawdown, FCSH dropped -8.47% vs FSCC's -27.17%.

Which ETF is better, FCSH or FSCC?

On 1-year performance, FSCC leads with 38.40% vs 2.76% for FCSH. On fees, FCSH is cheaper at 0.30% per year. On volatility, FCSH has been the lower-risk option at 0.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCSH or FSCC?

Over the 1-year period, FSCC has performed better with a 38.40% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCSH or FSCC?

FCSH is cheaper with a 0.30% expense ratio, compared with 0.36% for FSCC.

Which ETF pays a higher dividend yield, FCSH or FSCC?

FCSH has the higher dividend yield at 4.23%, compared with 0.23% for FSCC.

What is the main difference between FCSH and FSCC?

FCSH is categorized as Short-Term Bond, while FSCC is Small Cap Blend Equities. Their fees differ too: 0.30% for FCSH and 0.36% for FSCC.

Which has better risk-adjusted returns?

FSCC currently has the higher Sharpe Ratio (1.99 vs 1.44), 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.