FLCG vs. PAYR
FLCG (Federated Hermes MDT Large Cap Growth ETF) and PAYR (Federated Hermes Enhanced Income ETF) are both exchange-traded funds - FLCG is a Large Cap Growth Equities fund actively managed by Federated, while PAYR is a Derivative Income fund actively managed by Federated. Both are actively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. FLCG charges 0.39%/yr vs 0.40%/yr for PAYR.
Performance
FLCG vs. PAYR - Performance Comparison
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Returns By Period
In the year-to-date period, FLCG achieves a 4.23% return, which is significantly lower than PAYR's 15.33% return.
FLCG
- 1D
- 2.10%
- 1M
- 2.32%
- 6M
- 6.03%
- YTD
- 4.23%
- 1Y
- 12.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.32%
PAYR
- 1D
- -0.05%
- 1M
- 1.91%
- 6M
- 8.77%
- YTD
- 15.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.30M | $2.54M | $2.59M | |
| $901.07K | $1.13M | $686.08K |
FLCG vs. PAYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLCG Federated Hermes MDT Large Cap Growth ETF | 4.23% | 1.74% |
PAYR Federated Hermes Enhanced Income ETF | 15.33% | 3.30% |
Correlation
The correlation between FLCG and PAYR is -0.11, 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 Oct 8, 2025 | -0.11 |
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Return for Risk
FLCG vs. PAYR — Risk / Return Rank
FLCG
PAYR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLCG vs. PAYR - 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 Enhanced Income ETF (PAYR). 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 | PAYR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | — | — |
| Martin ratioReturn relative to average drawdown | 2.63 | — | — |
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Drawdowns
FLCG vs. PAYR - Drawdown Comparison
The maximum FLCG drawdown since its inception was -22.95%, which is greater than PAYR's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for FLCG and PAYR.
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Drawdown Indicators
| FLCG | PAYR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -5.24% | -17.71% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -1.77% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -1.54% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | — | — |
Volatility
FLCG vs. PAYR - Volatility Comparison
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Volatility by Period
| FLCG | PAYR | 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% | 11.12% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 11.12% | +9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 11.12% | +9.90% |
FLCG vs. PAYR - Expense Ratio Comparison
FLCG has a 0.39% expense ratio, which is lower than PAYR's 0.40% expense ratio.
Dividends
FLCG vs. PAYR - Dividend Comparison
FLCG's dividend yield for the trailing twelve months is around 0.05%, less than PAYR's 6.56% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLCG Federated Hermes MDT Large Cap Growth ETF | 0.05% | 0.05% | 0.06% |
PAYR Federated Hermes Enhanced Income ETF | 6.56% | 1.99% | 0.00% |
Frequently Asked Questions
FLCG and PAYR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FLCG is cheaper with a 0.39% expense ratio, compared with 0.40% for PAYR.
PAYR has the higher dividend yield at 6.56%, compared with 0.05% for FLCG.
FLCG is categorized as Large Cap Growth Equities, while PAYR is Derivative Income. Their fees differ too: 0.39% for FLCG and 0.40% for PAYR.
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