FLCC vs. ITOT

Last updated Jun 5, 2026

FLCC (Federated Hermes MDT Large Cap Core ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. FLCC is actively managed, while ITOT is passively managed. Over the past year, FLCC returned 22.22% vs 28.81% for ITOT. With a 0.96 correlation, they move nearly in lockstep. FLCC charges 0.29%/yr vs 0.03%/yr for ITOT.

Performance

FLCC vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Core ETF (FLCC) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCC achieves a 9.28% return, which is significantly lower than ITOT's 11.78% return.

FLCC

• 1D: 0.23%
• 1M: 3.19%
• YTD: 9.28%
• 6M: 10.03%
• 1Y: 22.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITOT

• 1D: 0.48%
• 1M: 4.64%
• YTD: 11.78%
• 6M: 11.52%
• 1Y: 28.81%
• 3Y*: 22.39%
• 5Y*: 12.80%
• 10Y*: 15.01%

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

FLCC vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCC Federated Hermes MDT Large Cap Core ETF	9.28%	16.61%	9.94%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.78%	17.00%	7.05%

Correlation

The correlation between FLCC and ITOT is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.96

The correlation between FLCC and ITOT has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

FLCC vs. ITOT - Sectors Allocation Comparison

Sectors	FLCC	ITOT
Technology	35.7%	33.8%
Consumer Cyclical	12.3%	10.1%
Financial Services	10.8%	12.1%
Communication Services	10.2%	10.3%
Healthcare	9.5%	9.0%
Industrials	9.1%	9.5%
Consumer Defensive	4.2%	4.7%
Energy	3.1%	3.7%
Basic Materials	2.3%	2.1%
Utilities	1.4%	2.3%
Real Estate	1.2%	2.4%

Return for Risk

FLCC vs. ITOT — Risk / Return Rank

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

FLCC

FLCC Risk / Return Rank: 52
FLCC Sharpe Ratio Rank: 53
FLCC Sortino Ratio Rank: 52
FLCC Omega Ratio Rank: 51
FLCC Calmar Ratio Rank: 49
FLCC Martin Ratio Rank: 56

ITOT

ITOT Risk / Return Rank: 73
ITOT Sharpe Ratio Rank: 74
ITOT Sortino Ratio Rank: 73
ITOT Omega Ratio Rank: 72
ITOT Calmar Ratio Rank: 66
ITOT 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. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Core ETF (FLCC) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	FLCC	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.37	-0.61
Sortino ratio: Return per unit of downside risk	2.47	3.24	-0.77
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.11
Calmar ratio: Return relative to maximum drawdown	2.40	3.25	-0.85
Martin ratio: Return relative to average drawdown	9.73	14.92	-5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCC vs. ITOT - Sharpe Ratio Comparison

The current FLCC Sharpe Ratio is 1.76, which is comparable to the ITOT Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FLCC and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLCC	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	2.37	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.57	+0.59

Drawdowns

FLCC vs. ITOT - Drawdown Comparison

The maximum FLCC drawdown since its inception was -19.18%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for FLCC and ITOT.

Drawdown Indicators

	FLCC	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-55.20%	+36.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-8.90%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.54%	-0.25%	-0.29%
Average Drawdown Average peak-to-trough decline	-2.34%	-6.97%	+4.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.94%	+0.35%

Volatility

FLCC vs. ITOT - Volatility Comparison

The current volatility for Federated Hermes MDT Large Cap Core ETF (FLCC) is 2.57%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 2.94%. This indicates that FLCC experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCC	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	2.94%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	9.14%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	12.19%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	17.35%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	18.26%	-0.91%

FLCC vs. ITOT - Expense Ratio Comparison

FLCC has a 0.29% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

FLCC vs. ITOT - Dividend Comparison

FLCC's dividend yield for the trailing twelve months is around 0.46%, less than ITOT's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCC Federated Hermes MDT Large Cap Core ETF	0.46%	0.50%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.97%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both FLCC and ITOT in my portfolio?

With a correlation of 0.95, FLCC and ITOT 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 is riskier, FLCC or ITOT?

ITOT has higher volatility (2.94%) compared to FLCC (2.57%). In terms of maximum drawdown, FLCC dropped -19.18% vs ITOT's -55.20%.

Which ETF is better, FLCC or ITOT?

On 1-year performance, ITOT leads with 28.81% vs 22.22% for FLCC. On fees, ITOT is cheaper at 0.03% per year. On volatility, FLCC has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCC or ITOT?

Over the 1-year period, ITOT has performed better with a 28.81% return vs 22.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCC or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.29% for FLCC.

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

ITOT has the higher dividend yield at 0.97%, compared with 0.46% for FLCC.

What is the main difference between FLCC and ITOT?

They also come from different issuers: Federated Hermes and iShares. Their fees differ too: 0.29% for FLCC and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.37 vs 1.76), 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.