FLCG vs. SCHB

Last updated Jun 3, 2026

FLCG (Federated Hermes MDT Large Cap Growth ETF) and SCHB (Schwab U.S. Broad Market ETF) are both exchange-traded funds - FLCG is a Large Cap Growth Equities fund actively managed by Federated Hermes, while SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. FLCG is actively managed, while SCHB is passively managed. Over the past year, FLCG returned 23.28% vs 29.95% for SCHB. Their correlation of 0.91 suggests significant overlap in exposure. FLCG charges 0.39%/yr vs 0.03%/yr for SCHB.

Performance

FLCG vs. SCHB - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCG achieves a 6.29% return, which is significantly lower than SCHB's 12.09% return.

FLCG

• 1D: -0.49%
• 1M: 4.82%
• YTD: 6.29%
• 6M: 6.92%
• 1Y: 23.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHB

• 1D: 0.24%
• 1M: 5.39%
• YTD: 12.09%
• 6M: 12.44%
• 1Y: 29.95%
• 3Y*: 22.40%
• 5Y*: 13.12%
• 10Y*: 15.12%

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

FLCG vs. SCHB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCG Federated Hermes MDT Large Cap Growth ETF	6.29%	16.87%	12.84%
SCHB Schwab U.S. Broad Market ETF	12.09%	16.94%	7.08%

Correlation

The correlation between FLCG and SCHB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.91

The correlation between FLCG and SCHB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

FLCG vs. SCHB - Sectors Allocation Comparison

Sectors	FLCG	SCHB
Technology	53.4%	34.4%
Consumer Cyclical	14.2%	10.1%
Communication Services	12.1%	10.1%
Healthcare	7.6%	8.9%
Industrials	5.8%	9.4%
Financial Services	3.7%	12.2%
Consumer Defensive	2.6%	4.6%
Basic Materials	0.5%	2.0%
Energy	0.2%	3.7%
Real Estate	-	2.4%
Utilities	-	2.3%

Return for Risk

FLCG vs. SCHB — Risk / Return Rank

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

FLCG

FLCG Risk / Return Rank: 38
FLCG Sharpe Ratio Rank: 42
FLCG Sortino Ratio Rank: 41
FLCG Omega Ratio Rank: 40
FLCG Calmar Ratio Rank: 32
FLCG Martin Ratio Rank: 35

SCHB

SCHB Risk / Return Rank: 74
SCHB Sharpe Ratio Rank: 76
SCHB Sortino Ratio Rank: 74
SCHB Omega Ratio Rank: 75
SCHB Calmar Ratio Rank: 68
SCHB Martin Ratio Rank: 79

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. SCHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Growth ETF (FLCG) and Schwab U.S. Broad Market ETF (SCHB). 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.

	FLCG	SCHB	Difference
Sharpe ratio Return per unit of total volatility	1.52	2.49	-0.97
Sortino ratio Return per unit of downside risk	2.11	3.38	-1.27
Omega ratio Gain probability vs. loss probability	1.27	1.45	-0.18
Calmar ratio Return relative to maximum drawdown	1.59	3.43	-1.84
Martin ratio Return relative to average drawdown	5.43	15.78	-10.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCG vs. SCHB - Sharpe Ratio Comparison

The current FLCG Sharpe Ratio is 1.52, which is lower than the SCHB Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of FLCG and SCHB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLCG	SCHB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.49	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.83	+0.13

Drawdowns

FLCG vs. SCHB - Drawdown Comparison

The maximum FLCG drawdown since its inception was -22.95%, smaller than the maximum SCHB drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for FLCG and SCHB.

Drawdown Indicators

	FLCG	SCHB	Difference
Max Drawdown Largest peak-to-trough decline	-22.95%	-35.27%	+12.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-8.91%	-6.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.27%	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-3.64%	-4.12%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	1.94%	+2.46%

Volatility

FLCG vs. SCHB - Volatility Comparison

Federated Hermes MDT Large Cap Growth ETF (FLCG) and Schwab U.S. Broad Market ETF (SCHB) have volatilities of 2.93% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCG	SCHB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.92%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	9.12%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	12.10%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	17.24%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	18.32%	+2.79%

FLCG vs. SCHB - Expense Ratio Comparison

FLCG has a 0.39% expense ratio, which is higher than SCHB's 0.03% expense ratio.

Dividends

FLCG vs. SCHB - Dividend Comparison

FLCG's dividend yield for the trailing twelve months is around 0.04%, less than SCHB's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCG Federated Hermes MDT Large Cap Growth ETF	0.04%	0.05%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHB Schwab U.S. Broad Market ETF	1.01%	1.11%	1.24%	1.40%	1.61%	1.21%	1.63%	1.80%	2.00%	1.65%	1.86%	2.00%

Frequently Asked Questions

Can I hold both FLCG and SCHB in my portfolio?

FLCG and SCHB have a correlation of 0.90, 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 SCHB?

FLCG has higher volatility (2.93%) compared to SCHB (2.92%). In terms of maximum drawdown, FLCG dropped -22.95% vs SCHB's -35.27%.

Which ETF is better, FLCG or SCHB?

On 1-year performance, SCHB leads with 29.95% vs 23.28% for FLCG. On fees, SCHB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCG or SCHB?

Over the 1-year period, SCHB has performed better with a 29.95% return vs 23.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCG or SCHB?

SCHB is cheaper with a 0.03% expense ratio, compared with 0.39% for FLCG.

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

SCHB has the higher dividend yield at 1.01%, compared with 0.04% for FLCG.

What is the main difference between FLCG and SCHB?

FLCG is categorized as Large Cap Growth Equities, while SCHB is Large Cap Blend Equities. They also come from different issuers: Federated Hermes and Charles Schwab. Their fees differ too: 0.39% for FLCG and 0.03% for SCHB.

Which has better risk-adjusted returns?

SCHB currently has the higher Sharpe Ratio (2.49 vs 1.52), 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.