FLCC vs. AVIE

Last updated Jun 24, 2026

FLCC (Federated Hermes MDT Large Cap Core ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, FLCC returned 18.08% vs 23.20% for AVIE. At a 0.44 correlation, their price movements are largely independent. FLCC charges 0.29%/yr vs 0.25%/yr for AVIE.

Performance

FLCC vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Core ETF (FLCC) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCC achieves a 6.07% return, which is significantly lower than AVIE's 13.10% return.

FLCC

• 1D: -1.13%
• 1M: -1.44%
• YTD: 6.07%
• 6M: 5.10%
• 1Y: 18.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 0.74%
• 1M: -1.10%
• YTD: 13.10%
• 6M: 12.71%
• 1Y: 23.20%
• 3Y*: 13.16%
• 5Y*: —
• 10Y*: —

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

FLCC vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCC Federated Hermes MDT Large Cap Core ETF	6.07%	16.61%	9.68%
AVIE Avantis Inflation Focused Equity ETF	13.10%	11.37%	-5.73%

Correlation

The correlation between FLCC and AVIE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.44

The correlation between FLCC and AVIE shifts across timeframes, from 0.28 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

FLCC vs. AVIE - Sectors Allocation Comparison

Sectors	FLCC	AVIE
Technology	39.3%	0.1%
Consumer Cyclical	12.4%	0.1%
Financial Services	10.1%	15.0%
Healthcare	9.6%	26.3%
Communication Services	9.3%	-
Industrials	8.9%	1.1%
Consumer Defensive	3.4%	17.1%
Energy	2.5%	30.1%
Basic Materials	2.0%	9.8%
Utilities	1.4%	0.1%
Real Estate	1.2%	0.1%

Return for Risk

FLCC vs. AVIE — Risk / Return Rank

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

FLCC

FLCC Risk / Return Rank: 43
FLCC Sharpe Ratio Rank: 43
FLCC Sortino Ratio Rank: 41
FLCC Omega Ratio Rank: 42
FLCC Calmar Ratio Rank: 43
FLCC Martin Ratio Rank: 49

AVIE

AVIE Risk / Return Rank: 80
AVIE Sharpe Ratio Rank: 79
AVIE Sortino Ratio Rank: 81
AVIE Omega Ratio Rank: 75
AVIE Calmar Ratio Rank: 87
AVIE Martin Ratio Rank: 78

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.

FLCC vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Core ETF (FLCC) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	FLCC	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.34	-0.95
Sortino ratio: Return per unit of downside risk	1.94	3.34	-1.40
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.95	4.69	-2.74
Martin ratio: Return relative to average drawdown	7.65	14.23	-6.58

FLCC vs. AVIE - Sharpe Ratio Comparison

The current FLCC Sharpe Ratio is 1.39, which is lower than the AVIE Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FLCC and AVIE, 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

FLCC vs. AVIE - Drawdown Comparison

The maximum FLCC drawdown since its inception was -19.18%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for FLCC and AVIE.

Drawdown Indicators

	FLCC	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-12.39%	-6.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-4.97%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.39%	—
Current Drawdown Current decline from peak	-3.46%	-1.66%	-1.80%
Average Drawdown Average peak-to-trough decline	-2.35%	-3.00%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	1.63%	+0.74%

Volatility

FLCC vs. AVIE - Volatility Comparison

Federated Hermes MDT Large Cap Core ETF (FLCC) has a higher volatility of 4.57% compared to Avantis Inflation Focused Equity ETF (AVIE) at 2.89%. This indicates that FLCC's price experiences larger fluctuations and is considered to be riskier than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCC	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	2.89%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	7.04%	+3.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	9.97%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	12.90%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	12.90%	+4.49%

FLCC vs. AVIE - Expense Ratio Comparison

FLCC has a 0.29% expense ratio, which is higher than AVIE's 0.25% expense ratio.

Dividends

FLCC vs. AVIE - Dividend Comparison

FLCC's dividend yield for the trailing twelve months is around 0.48%, less than AVIE's 1.87% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.87%	1.75%	1.89%	3.72%	0.39%
FLCC Federated Hermes MDT Large Cap Core ETF	0.48%	0.50%	0.20%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCC and AVIE in my portfolio?

FLCC and AVIE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCC or AVIE?

FLCC has higher volatility (4.57%) compared to AVIE (2.89%). In terms of maximum drawdown, FLCC dropped -19.18% vs AVIE's -12.39%.

Which ETF is better, FLCC or AVIE?

On 1-year performance, AVIE leads with 23.20% vs 18.08% for FLCC. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCC or AVIE?

Over the 1-year period, AVIE has performed better with a 23.20% return vs 18.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCC or AVIE?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.29% for FLCC.

Which ETF pays a higher dividend yield, FLCC or AVIE?

AVIE has the higher dividend yield at 1.87%, compared with 0.48% for FLCC.

What is the main difference between FLCC and AVIE?

They also come from different issuers: Federated Hermes and Avantis. Their fees differ too: 0.29% for FLCC and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.34 vs 1.39), 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.