FLCG vs. DLN

Last updated Jun 25, 2026

FLCG (Federated Hermes MDT Large Cap Growth ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both exchange-traded funds - FLCG is a Large Cap Growth Equities fund actively managed by Federated Hermes, while DLN is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Dividend Index. FLCG is actively managed, while DLN is passively managed. Over the past year, FLCG returned 10.92% vs 20.43% for DLN. A 0.61 correlation means they provide meaningful diversification when combined. FLCG charges 0.39%/yr vs 0.28%/yr for DLN.

Performance

FLCG vs. DLN - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCG achieves a -1.27% return, which is significantly lower than DLN's 9.74% return.

FLCG

• 1D: -0.03%
• 1M: -4.78%
• YTD: -1.27%
• 6M: -2.67%
• 1Y: 10.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

FLCG vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCG Federated Hermes MDT Large Cap Growth ETF	-1.27%	16.87%	13.11%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	5.09%

Correlation

The correlation between FLCG and DLN is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.61

The correlation between FLCG and DLN has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

FLCG vs. DLN - Sectors Allocation Comparison

Sectors	FLCG	DLN
Technology	55.6%	22.8%
Consumer Cyclical	13.8%	4.9%
Communication Services	11.1%	7.5%
Healthcare	7.9%	12.6%
Industrials	5.8%	7.8%
Financial Services	3.2%	17.4%
Consumer Defensive	2.3%	8.9%
Energy	0.2%	7.9%
Basic Materials	0.1%	1.0%
Real Estate	-	3.9%
Utilities	-	5.5%

Return for Risk

FLCG vs. DLN — Risk / Return Rank

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

FLCG

FLCG Risk / Return Rank: 20
FLCG Sharpe Ratio Rank: 21
FLCG Sortino Ratio Rank: 20
FLCG Omega Ratio Rank: 20
FLCG Calmar Ratio Rank: 18
FLCG Martin Ratio Rank: 21

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Growth ETF (FLCG) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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	DLN	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.28	-1.59
Sortino ratio: Return per unit of downside risk	1.03	3.26	-2.22
Omega ratio: Gain probability vs. loss probability	1.13	1.41	-0.28
Calmar ratio: Return relative to maximum drawdown	0.73	3.37	-2.64
Martin ratio: Return relative to average drawdown	2.37	14.09	-11.73

FLCG vs. DLN - Sharpe Ratio Comparison

The current FLCG Sharpe Ratio is 0.69, which is lower than the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FLCG and DLN, 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. DLN - Drawdown Comparison

The maximum FLCG drawdown since its inception was -22.95%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for FLCG and DLN.

Drawdown Indicators

	FLCG	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-22.95%	-57.84%	+34.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-6.10%	-8.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-7.56%	-1.31%	-6.25%
Average Drawdown Average peak-to-trough decline	-3.69%	-7.50%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	1.45%	+3.17%

Volatility

FLCG vs. DLN - Volatility Comparison

Federated Hermes MDT Large Cap Growth ETF (FLCG) has a higher volatility of 5.71% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that FLCG's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCG	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	2.70%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	6.99%	+5.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	9.01%	+7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.13%	13.26%	+7.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	16.14%	+4.99%

FLCG vs. DLN - Expense Ratio Comparison

FLCG has a 0.39% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

FLCG vs. DLN - Dividend Comparison

FLCG's dividend yield for the trailing twelve months is around 0.05%, less than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
FLCG Federated Hermes MDT Large Cap Growth ETF	0.05%	0.05%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLCG and DLN in my portfolio?

FLCG and DLN have a correlation of 0.54, 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 DLN?

FLCG has higher volatility (5.71%) compared to DLN (2.70%). In terms of maximum drawdown, FLCG dropped -22.95% vs DLN's -57.84%.

Which ETF is better, FLCG or DLN?

On 1-year performance, DLN leads with 20.43% vs 10.92% for FLCG. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCG or DLN?

Over the 1-year period, DLN has performed better with a 20.43% return vs 10.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCG or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.39% for FLCG.

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

DLN has the higher dividend yield at 1.80%, compared with 0.05% for FLCG.

What is the main difference between FLCG and DLN?

FLCG is categorized as Large Cap Growth Equities, while DLN is Large Cap Value Equities. They also come from different issuers: Federated Hermes and WisdomTree. Their fees differ too: 0.39% for FLCG and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.28 vs 0.69), 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.