FLCC vs. GXLC

Last updated Jun 21, 2026

FLCC (Federated Hermes MDT Large Cap Core ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. FLCC is actively managed, while GXLC is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. FLCC charges 0.29%/yr vs 0.02%/yr for GXLC.

Performance

FLCC vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Core ETF (FLCC) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCC achieves a 7.68% return, which is significantly lower than GXLC's 10.27% return.

FLCC

• 1D: 1.08%
• 1M: 0.53%
• YTD: 7.68%
• 6M: 7.50%
• 1Y: 20.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 1.19%
• 1M: 1.13%
• YTD: 10.27%
• 6M: 10.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCC vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FLCC Federated Hermes MDT Large Cap Core ETF	7.68%	1.79%
GXLC Global X U.S. 500 ETF	10.27%	3.22%

Correlation

The correlation between FLCC and GXLC is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.94

Return for Risk

FLCC vs. GXLC — Risk / Return Rank

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

FLCC

FLCC Risk / Return Rank: 48
FLCC Sharpe Ratio Rank: 48
FLCC Sortino Ratio Rank: 46
FLCC Omega Ratio Rank: 46
FLCC Calmar Ratio Rank: 47
FLCC Martin Ratio Rank: 54

GXLC

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

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. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Core ETF (FLCC) and Global X U.S. 500 ETF (GXLC). 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	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	8.83	—	—

Drawdowns

FLCC vs. GXLC - Drawdown Comparison

The maximum FLCC drawdown since its inception was -19.18%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FLCC and GXLC.

Drawdown Indicators

	FLCC	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-9.08%	-10.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	—	—
Current Drawdown Current decline from peak	-2.00%	-1.29%	-0.71%
Average Drawdown Average peak-to-trough decline	-2.35%	-1.53%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	—	—

Volatility

Volatility by Period

	FLCC	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	13.82%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	13.82%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	13.82%	+3.58%

FLCC vs. GXLC - Expense Ratio Comparison

FLCC has a 0.29% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

FLCC vs. GXLC - Dividend Comparison

FLCC's dividend yield for the trailing twelve months is around 0.47%, less than GXLC's 0.63% yield.

Position	TTM	2025	2024
FLCC Federated Hermes MDT Large Cap Core ETF	0.47%	0.50%	0.20%
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%

Frequently Asked Questions

Can I hold both FLCC and GXLC in my portfolio?

With a correlation of 0.94, FLCC and GXLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FLCC or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCC or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.29% for FLCC.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.47% for FLCC.

What is the main difference between FLCC and GXLC?

They also come from different issuers: Federated Hermes and Global X. Their fees differ too: 0.29% for FLCC and 0.02% for GXLC.