FLCG vs. FDV

Last updated Aug 4, 2026

FLCG (Federated Hermes MDT Large Cap Growth ETF) and FDV (Federated Hermes U.S. Strategic Dividend ETF) are both exchange-traded funds - FLCG is a Large Cap Growth Equities fund actively managed by Federated, while FDV is a Large Cap Value Equities fund actively managed by Federated. Both are actively managed. Their -0.48 correlation means they have often moved in opposite directions in the past. FLCG charges 0.39%/yr vs 0.50%/yr for FDV.

Performance

FLCG vs. FDV - Performance Comparison

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

Returns By Period

FLCG

• 1D: 2.10%
• 1M: 2.32%
• 6M: 6.03%
• YTD: 4.23%
• 1Y: 12.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.32%

FDV

• 1D: -0.03%
• 1M: 2.65%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
FDV Federated Hermes U.S. Strategic Dividend ETF	$6.25M	$5.53M	$4.27M
FLCG Federated Hermes MDT Large Cap Growth ETF	$2.30M	$2.54M	$2.59M

FLCG vs. FDV - Yearly Performance Comparison

	2026 (YTD)
FLCG Federated Hermes MDT Large Cap Growth ETF	0.76%
FDV Federated Hermes U.S. Strategic Dividend ETF	5.48%

Correlation

The correlation between FLCG and FDV is -0.48, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 22, 2026	-0.48

FLCG vs. FDV - Sectors Allocation Comparison

Sectors	FLCG	FDV
Technology	56.8%	9.5%
Communication Services	14.8%	1.8%
Consumer Cyclical	9.4%	7.8%
Industrials	5.5%	2.7%
Healthcare	5.4%	14.7%
Financial Services	3.2%	14.4%
Utilities	3.2%	16.1%
Consumer Defensive	0.8%	13.3%
Basic Materials	0.7%	1.4%
Energy	0.2%	8.7%
Real Estate	-	9.5%

Return for Risk

FLCG vs. FDV — Risk / Return Rank

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

FLCG

FLCG Risk / Return Rank: 29
FLCG Sharpe Ratio Rank: 30
FLCG Sortino Ratio Rank: 29
FLCG Omega Ratio Rank: 28
FLCG Calmar Ratio Rank: 26
FLCG Martin Ratio Rank: 29

FDV

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

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.

FLCG vs. FDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Growth ETF (FLCG) and Federated Hermes U.S. Strategic Dividend ETF (FDV). 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	FDV	Difference
Sharpe ratio: Return per unit of total volatility	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.16	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.86	—	—
Martin ratio: Return relative to average drawdown	2.63	—	—

Drawdowns

FLCG vs. FDV - Drawdown Comparison

The maximum FLCG drawdown since its inception was -22.95%, which is greater than FDV's maximum drawdown of -3.33%. Use the drawdown chart below to compare losses from any high point for FLCG and FDV.

Drawdown Indicators

	FLCG	FDV	Difference
Max Drawdown Largest peak-to-trough decline	-22.95%	-3.33%	-19.62%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	—	—
Current Drawdown Current decline from peak	-2.41%	-1.57%	-0.84%
Average Drawdown Average peak-to-trough decline	-3.75%	-0.97%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	—	—

Volatility

Volatility by Period

	FLCG	FDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	13.67%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.02%	13.67%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	13.67%	+7.35%

FLCG vs. FDV - Expense Ratio Comparison

FLCG has a 0.39% expense ratio, which is lower than FDV's 0.50% expense ratio.

Dividends

FLCG vs. FDV - Dividend Comparison

FLCG's dividend yield for the trailing twelve months is around 0.05%, less than FDV's 0.78% yield.

Position	TTM	2025	2024
FDV Federated Hermes U.S. Strategic Dividend ETF	0.78%	0.00%	0.00%
FLCG Federated Hermes MDT Large Cap Growth ETF	0.05%	0.05%	0.06%

Frequently Asked Questions

Can I hold both FLCG and FDV in my portfolio?

FLCG and FDV have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLCG or FDV?

On fees, FLCG is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCG or FDV?

FLCG is cheaper with a 0.39% expense ratio, compared with 0.50% for FDV.

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

FDV has the higher dividend yield at 0.78%, compared with 0.05% for FLCG.

What is the main difference between FLCG and FDV?

FLCG is categorized as Large Cap Growth Equities, while FDV is Large Cap Value Equities. Their fees differ too: 0.39% for FLCG and 0.50% for FDV.