FLCC vs. IUS

Last updated Aug 2, 2026

FLCC (Federated Hermes MDT Large Cap Core ETF) and IUS (Invesco RAFI Strategic US ETF) are both Large Cap Blend Equities funds. FLCC is actively managed, while IUS is passively managed. Over the past year, FLCC returned 18.21% vs 36.15% for IUS. Their correlation of 0.83 means they have usually moved in the same direction. FLCC charges 0.29%/yr vs 0.19%/yr for IUS.

Performance

FLCC vs. IUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Core ETF (FLCC) and Invesco RAFI Strategic US ETF (IUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCC achieves a 10.61% return, which is significantly lower than IUS's 20.93% return.

FLCC

• 1D: 0.53%
• 1M: 1.73%
• 6M: 10.65%
• YTD: 10.61%
• 1Y: 18.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.95%

IUS

• 1D: 1.02%
• 1M: 3.33%
• 6M: 15.45%
• YTD: 20.93%
• 1Y: 36.15%
• 3Y*: 20.44%
• 5Y*: 14.64%
• 10Y*: —
• ALL TIME*: 15.64%

*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)
FLCC Federated Hermes MDT Large Cap Core ETF	$1.19M	$831.18K	$771.14K
IUS Invesco RAFI Strategic US ETF	$4.63M	$3.51M	$3.40M

FLCC vs. IUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCC Federated Hermes MDT Large Cap Core ETF	10.61%	16.61%	9.68%
IUS Invesco RAFI Strategic US ETF	20.93%	16.94%	3.31%

Correlation

The correlation between FLCC and IUS is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.83

The correlation between FLCC and IUS has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

FLCC vs. IUS - Sectors Allocation Comparison

Sectors	FLCC	IUS
Technology	38.2%	21.7%
Consumer Cyclical	12.0%	11.2%
Financial Services	11.1%	9.6%
Healthcare	10.2%	15.4%
Industrials	10.1%	9.0%
Communication Services	8.6%	11.2%
Consumer Defensive	3.3%	7.6%
Energy	2.2%	8.5%
Basic Materials	1.8%	3.1%
Utilities	1.4%	1.4%
Real Estate	1.2%	0.6%

Return for Risk

FLCC vs. IUS — Risk / Return Rank

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

FLCC

FLCC Risk / Return Rank: 50
FLCC Sharpe Ratio Rank: 50
FLCC Sortino Ratio Rank: 48
FLCC Omega Ratio Rank: 47
FLCC Calmar Ratio Rank: 48
FLCC Martin Ratio Rank: 56

IUS

IUS Risk / Return Rank: 96
IUS Sharpe Ratio Rank: 97
IUS Sortino Ratio Rank: 96
IUS Omega Ratio Rank: 96
IUS Calmar Ratio Rank: 96
IUS Martin Ratio Rank: 96

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.

FLCC vs. IUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Core ETF (FLCC) and Invesco RAFI Strategic US ETF (IUS). 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	IUS	Difference
Sharpe ratio: Return per unit of total volatility	1.23	3.43	-2.20
Sortino ratio: Return per unit of downside risk	1.74	4.66	-2.92
Omega ratio: Gain probability vs. loss probability	1.22	1.64	-0.42
Calmar ratio: Return relative to maximum drawdown	1.75	5.91	-4.16
Martin ratio: Return relative to average drawdown	6.77	25.15	-18.38

FLCC vs. IUS - Sharpe Ratio Comparison

The current FLCC Sharpe Ratio is 1.23, which is lower than the IUS Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of FLCC and IUS, 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. IUS - Drawdown Comparison

The maximum FLCC drawdown since its inception was -19.18%, smaller than the maximum IUS drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for FLCC and IUS.

Drawdown Indicators

	FLCC	IUS	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-34.67%	+15.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-6.15%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.72%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.80%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	1.44%	+0.96%

Volatility

FLCC vs. IUS - Volatility Comparison

Federated Hermes MDT Large Cap Core ETF (FLCC) has a higher volatility of 3.12% compared to Invesco RAFI Strategic US ETF (IUS) at 2.60%. This indicates that FLCC's price experiences larger fluctuations and is considered to be riskier than IUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCC	IUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	2.60%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	7.92%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.23%	10.60%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	14.99%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	17.92%	-0.85%

FLCC vs. IUS - Expense Ratio Comparison

FLCC has a 0.29% expense ratio, which is higher than IUS's 0.19% expense ratio.

Dividends

FLCC vs. IUS - Dividend Comparison

FLCC's dividend yield for the trailing twelve months is around 0.46%, less than IUS's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
IUS Invesco RAFI Strategic US ETF	1.23%	1.48%	1.52%	1.72%	1.78%	1.46%	1.74%	1.77%	0.73%

Frequently Asked Questions

Can I hold both FLCC and IUS in my portfolio?

FLCC and IUS have a correlation of 0.81, 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 IUS?

FLCC has higher volatility (3.12%) compared to IUS (2.60%). In terms of maximum drawdown, FLCC dropped -19.18% vs IUS's -34.67%.

Which ETF is better, FLCC or IUS?

On 1-year performance, IUS leads with 36.15% vs 18.21% for FLCC. On fees, IUS is cheaper at 0.19% per year. On volatility, IUS has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCC or IUS?

Over the 1-year period, IUS has performed better with a 36.15% return vs 18.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCC or IUS?

IUS is cheaper with a 0.19% expense ratio, compared with 0.29% for FLCC.

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

IUS has the higher dividend yield at 1.23%, compared with 0.46% for FLCC.

What is the main difference between FLCC and IUS?

They also come from different issuers: Federated and Invesco. Their fees differ too: 0.29% for FLCC and 0.19% for IUS.

Which has better risk-adjusted returns?

IUS currently has the higher Sharpe Ratio (3.43 vs 1.23), 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.