FLCG vs. FTRB

Last updated Aug 4, 2026

FLCG (Federated Hermes MDT Large Cap Growth ETF) and FTRB (Federated Hermes Total Return Bond ETF) are both exchange-traded funds - FLCG is a Large Cap Growth Equities fund actively managed by Federated, while FTRB is a Intermediate Core-Plus Bond fund actively managed by Federated. Both are actively managed. Over the past year, FLCG returned 12.86% vs 2.54% for FTRB. Their 0.08 correlation means their historical movements had little consistent relationship. Both charge a 0.39% expense ratio.

Performance

FLCG vs. FTRB - 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 Total Return Bond ETF (FTRB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCG achieves a 4.23% return, which is significantly higher than FTRB's -0.43% return.

FLCG

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

FTRB

• 1D: 0.08%
• 1M: -0.96%
• 6M: -0.46%
• YTD: -0.43%
• 1Y: 2.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.75%

*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)
FLCG Federated Hermes MDT Large Cap Growth ETF	$2.30M	$2.54M	$2.59M
FTRB Federated Hermes Total Return Bond ETF	$2.98M	$3.03M	$2.98M

FLCG vs. FTRB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCG Federated Hermes MDT Large Cap Growth ETF	4.23%	16.87%	13.11%
FTRB Federated Hermes Total Return Bond ETF	-0.43%	7.60%	0.33%

Correlation

The correlation between FLCG and FTRB is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.08

The correlation between FLCG and FTRB shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLCG vs. FTRB — 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

FTRB

FTRB Risk / Return Rank: 28
FTRB Sharpe Ratio Rank: 29
FTRB Sortino Ratio Rank: 27
FTRB Omega Ratio Rank: 26
FTRB Calmar Ratio Rank: 28
FTRB Martin Ratio Rank: 27

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. FTRB - 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 Total Return Bond ETF (FTRB). 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	FTRB	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.74	+0.03
Sortino ratio: Return per unit of downside risk	1.16	1.06	+0.10
Omega ratio: Gain probability vs. loss probability	1.14	1.13	+0.01
Calmar ratio: Return relative to maximum drawdown	0.86	0.91	-0.05
Martin ratio: Return relative to average drawdown	2.63	2.35	+0.28

FLCG vs. FTRB - Sharpe Ratio Comparison

The current FLCG Sharpe Ratio is 0.77, which is comparable to the FTRB Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of FLCG and FTRB, 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. FTRB - Drawdown Comparison

The maximum FLCG drawdown since its inception was -22.95%, which is greater than FTRB's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for FLCG and FTRB.

Drawdown Indicators

	FLCG	FTRB	Difference
Max Drawdown Largest peak-to-trough decline	-22.95%	-4.83%	-18.12%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-2.80%	-12.27%
Current Drawdown Current decline from peak	-2.41%	-2.07%	-0.34%
Average Drawdown Average peak-to-trough decline	-3.75%	-1.30%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	1.08%	+3.83%

Volatility

FLCG vs. FTRB - Volatility Comparison

Federated Hermes MDT Large Cap Growth ETF (FLCG) has a higher volatility of 5.76% compared to Federated Hermes Total Return Bond ETF (FTRB) at 0.86%. This indicates that FLCG's price experiences larger fluctuations and is considered to be riskier than FTRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCG	FTRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	0.86%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	2.78%	+10.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	3.46%	+13.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.02%	4.48%	+16.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	4.48%	+16.54%

FLCG vs. FTRB - Expense Ratio Comparison

Both FLCG and FTRB have an expense ratio of 0.39%.

Dividends

FLCG vs. FTRB - Dividend Comparison

FLCG's dividend yield for the trailing twelve months is around 0.05%, less than FTRB's 4.40% yield.

Position	TTM	2025	2024
FLCG Federated Hermes MDT Large Cap Growth ETF	0.05%	0.05%	0.06%
FTRB Federated Hermes Total Return Bond ETF	4.40%	4.46%	4.40%

Frequently Asked Questions

Can I hold both FLCG and FTRB in my portfolio?

FLCG and FTRB have a correlation of 0.26, 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 FTRB?

FLCG has higher volatility (5.76%) compared to FTRB (0.86%). In terms of maximum drawdown, FLCG dropped -22.95% vs FTRB's -4.83%.

Which ETF is better, FLCG or FTRB?

On 1-year performance, FLCG leads with 12.86% vs 2.54% for FTRB. Both ETFs have the same 0.39% expense ratio. On volatility, FTRB has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCG or FTRB?

Over the 1-year period, FLCG has performed better with a 12.86% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCG or FTRB?

FLCG and FTRB have the same expense ratio: 0.39% per year.

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

FTRB has the higher dividend yield at 4.40%, compared with 0.05% for FLCG.

What is the main difference between FLCG and FTRB?

FLCG is categorized as Large Cap Growth Equities, while FTRB is Intermediate Core-Plus Bond.

Which has better risk-adjusted returns?

FLCG currently has the higher Sharpe Ratio (0.77 vs 0.74), 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.