FLCG vs. DARP

Last updated Jun 24, 2026

FLCG (Federated Hermes MDT Large Cap Growth ETF) and DARP (Grizzle Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, FLCG returned 12.52% vs 64.67% for DARP. Their correlation of 0.82 suggests significant overlap in exposure. FLCG charges 0.39%/yr vs 0.75%/yr for DARP.

Performance

FLCG vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Growth ETF (FLCG) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCG achieves a -1.24% return, which is significantly lower than DARP's 26.29% return.

FLCG

• 1D: -1.40%
• 1M: -4.75%
• YTD: -1.24%
• 6M: -2.36%
• 1Y: 12.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DARP

• 1D: 0.07%
• 1M: -1.69%
• YTD: 26.29%
• 6M: 25.20%
• 1Y: 64.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCG vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCG Federated Hermes MDT Large Cap Growth ETF	-1.24%	16.87%	13.11%
DARP Grizzle Growth ETF	26.29%	40.19%	12.01%

Correlation

The correlation between FLCG and DARP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.82

The correlation between FLCG and DARP has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

FLCG vs. DARP - Sectors Allocation Comparison

Sectors	FLCG	DARP
Technology	55.6%	49.5%
Consumer Cyclical	13.8%	5.6%
Communication Services	11.1%	17.2%
Healthcare	7.9%	1.4%
Industrials	5.8%	7.7%
Financial Services	3.2%	-
Consumer Defensive	2.3%	-
Energy	0.2%	8.2%
Basic Materials	0.1%	3.2%
Real Estate	-	-
Utilities	-	4.6%

Return for Risk

FLCG vs. DARP — Risk / Return Rank

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

FLCG

FLCG Risk / Return Rank: 22
FLCG Sharpe Ratio Rank: 23
FLCG Sortino Ratio Rank: 22
FLCG Omega Ratio Rank: 22
FLCG Calmar Ratio Rank: 20
FLCG Martin Ratio Rank: 23

DARP

DARP Risk / Return Rank: 86
DARP Sharpe Ratio Rank: 89
DARP Sortino Ratio Rank: 78
DARP Omega Ratio Rank: 79
DARP Calmar Ratio Rank: 92
DARP Martin Ratio Rank: 91

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.

FLCG vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Growth ETF (FLCG) and Grizzle Growth ETF (DARP). 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.

	FLCG	DARP	Difference
Sharpe ratio: Return per unit of total volatility	0.78	2.63	-1.84
Sortino ratio: Return per unit of downside risk	1.16	3.05	-1.89
Omega ratio: Gain probability vs. loss probability	1.14	1.41	-0.27
Calmar ratio: Return relative to maximum drawdown	0.83	5.50	-4.67
Martin ratio: Return relative to average drawdown	2.73	19.42	-16.70

FLCG vs. DARP - Sharpe Ratio Comparison

The current FLCG Sharpe Ratio is 0.78, which is lower than the DARP Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of FLCG and DARP, 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

FLCG vs. DARP - Drawdown Comparison

The maximum FLCG drawdown since its inception was -22.95%, smaller than the maximum DARP drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for FLCG and DARP.

Drawdown Indicators

	FLCG	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-22.95%	-30.27%	+7.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-11.82%	-3.25%
Current Drawdown Current decline from peak	-7.54%	-5.53%	-2.01%
Average Drawdown Average peak-to-trough decline	-3.68%	-4.64%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	3.34%	+1.26%

Volatility

FLCG vs. DARP - Volatility Comparison

The current volatility for Federated Hermes MDT Large Cap Growth ETF (FLCG) is 5.73%, while Grizzle Growth ETF (DARP) has a volatility of 10.70%. This indicates that FLCG experiences smaller price fluctuations and is considered to be less risky than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCG	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	10.70%	-4.97%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	19.06%	-6.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	24.83%	-8.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	26.47%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	26.47%	-5.32%

FLCG vs. DARP - Expense Ratio Comparison

FLCG has a 0.39% expense ratio, which is lower than DARP's 0.75% expense ratio.

Dividends

FLCG vs. DARP - Dividend Comparison

FLCG's dividend yield for the trailing twelve months is around 0.05%, less than DARP's 0.34% yield.

Position	TTM	2025	2024	2023
DARP Grizzle Growth ETF	0.34%	0.43%	1.93%	0.32%
FLCG Federated Hermes MDT Large Cap Growth ETF	0.05%	0.05%	0.06%	0.00%

Frequently Asked Questions

Can I hold both FLCG and DARP in my portfolio?

FLCG and DARP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCG or DARP?

DARP has higher volatility (10.70%) compared to FLCG (5.73%). In terms of maximum drawdown, FLCG dropped -22.95% vs DARP's -30.27%.

Which ETF is better, FLCG or DARP?

On 1-year performance, DARP leads with 64.67% vs 12.52% for FLCG. On fees, FLCG is cheaper at 0.39% per year. On volatility, FLCG has been the lower-risk option at 5.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCG or DARP?

Over the 1-year period, DARP has performed better with a 64.67% return vs 12.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCG or DARP?

FLCG is cheaper with a 0.39% expense ratio, compared with 0.75% for DARP.

Which ETF pays a higher dividend yield, FLCG or DARP?

DARP has the higher dividend yield at 0.34%, compared with 0.05% for FLCG.

What is the main difference between FLCG and DARP?

They also come from different issuers: Federated Hermes and Grizzle. Their fees differ too: 0.39% for FLCG and 0.75% for DARP.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (2.63 vs 0.78), 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.