FLCV vs. FLCC

Last updated Apr 10, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and FLCC (Federated Hermes MDT Large Cap Core ETF) are both exchange-traded funds — FLCV is a Large Cap Value Equities fund actively managed by Federated Hermes, while FLCC is a Large Cap Blend Equities fund actively managed by Federated Hermes. Both are actively managed. Over the past year, FLCV returned 25.65% vs 23.52% for FLCC. Their correlation of 0.85 suggests significant overlap in exposure. FLCV charges 0.32%/yr vs 0.29%/yr for FLCC.

Performance

FLCV vs. FLCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Value ETF (FLCV) and Federated Hermes MDT Large Cap Core ETF (FLCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCV achieves a 5.32% return, which is significantly higher than FLCC's -1.10% return.

FLCV

• 1D: 0.34%
• 1M: 3.07%
• YTD: 5.32%
• 6M: 9.26%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLCC

• 1D: 0.40%
• 1M: 1.10%
• YTD: -1.10%
• 6M: 1.02%
• 1Y: 23.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCV vs. FLCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	5.32%	15.64%	6.56%
FLCC Federated Hermes MDT Large Cap Core ETF	-1.10%	16.61%	9.94%

Correlation

The correlation between FLCV and FLCC is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.85

The correlation between FLCV and FLCC has been stable across timeframes, ranging from 0.85 to 0.86 — a consistent structural relationship.

FLCV vs. FLCC - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is higher than FLCC's 0.29% expense ratio.

Return for Risk

FLCV vs. FLCC — Risk / Return Rank

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

FLCV

FLCV Risk / Return Rank: 65
FLCV Sharpe Ratio Rank: 52
FLCV Sortino Ratio Rank: 53
FLCV Omega Ratio Rank: 48
FLCV Calmar Ratio Rank: 87
FLCV Martin Ratio Rank: 86

FLCC

FLCC Risk / Return Rank: 45
FLCC Sharpe Ratio Rank: 36
FLCC Sortino Ratio Rank: 35
FLCC Omega Ratio Rank: 36
FLCC Calmar Ratio Rank: 57
FLCC Martin Ratio Rank: 62

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.

FLCV vs. FLCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) and Federated Hermes MDT Large Cap Core ETF (FLCC). 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.

	FLCV	FLCC	Difference
Sharpe ratio Return per unit of total volatility	2.03	1.63	+0.40
Sortino ratio Return per unit of downside risk	2.87	2.27	+0.60
Omega ratio Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio Return relative to maximum drawdown	5.79	3.58	+2.21
Martin ratio Return relative to average drawdown	21.25	14.20	+7.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCV vs. FLCC - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.03, which is comparable to the FLCC Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of FLCV and FLCC, 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

	FLCV	FLCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.63	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.85	+0.25

Drawdowns

FLCV vs. FLCC - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum FLCC drawdown of -19.18%. Use the drawdown chart below to compare losses from any high point for FLCV and FLCC.

Drawdown Indicators

	FLCV	FLCC	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-19.18%	+3.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-9.31%	+3.61%
Current Drawdown Current decline from peak	0.00%	-2.80%	+2.80%
Average Drawdown Average peak-to-trough decline	-2.19%	-2.52%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	2.35%	-0.80%

Volatility

FLCV vs. FLCC - Volatility Comparison

The current volatility for Federated Hermes MDT Large Cap Value ETF (FLCV) is 4.27%, while Federated Hermes MDT Large Cap Core ETF (FLCC) has a volatility of 5.75%. This indicates that FLCV experiences smaller price fluctuations and is considered to be less risky than FLCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCV	FLCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	5.75%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	10.53%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	17.28%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	17.86%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	17.86%	-2.54%

Dividends

FLCV vs. FLCC - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.78%, more than FLCC's 0.51% yield.

	TTM	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	0.78%	0.83%	0.24%
FLCC Federated Hermes MDT Large Cap Core ETF	0.51%	0.50%	0.20%