FMCE vs. BLCR

Last updated Jun 24, 2026

FMCE (FM Compounders Equity ETF) and BLCR (Blackrock Large Cap Core ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, FMCE returned 12.07% vs 41.08% for BLCR. A 0.71 correlation means they provide meaningful diversification when combined. FMCE charges 0.72%/yr vs 0.36%/yr for BLCR.

Performance

FMCE vs. BLCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FM Compounders Equity ETF (FMCE) and Blackrock Large Cap Core ETF (BLCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMCE achieves a 6.86% return, which is significantly lower than BLCR's 16.77% return.

FMCE

• 1D: -1.15%
• 1M: -0.09%
• YTD: 6.86%
• 6M: 6.05%
• 1Y: 12.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLCR

• 1D: -1.69%
• 1M: -0.41%
• YTD: 16.77%
• 6M: 15.78%
• 1Y: 41.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMCE vs. BLCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FMCE FM Compounders Equity ETF	6.86%	11.11%	-2.72%
BLCR Blackrock Large Cap Core ETF	16.77%	30.93%	-0.68%

Correlation

The correlation between FMCE and BLCR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024	0.71

The correlation between FMCE and BLCR has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

Return for Risk

FMCE vs. BLCR — Risk / Return Rank

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

FMCE

FMCE Risk / Return Rank: 28
FMCE Sharpe Ratio Rank: 28
FMCE Sortino Ratio Rank: 28
FMCE Omega Ratio Rank: 26
FMCE Calmar Ratio Rank: 25
FMCE Martin Ratio Rank: 30

BLCR

BLCR Risk / Return Rank: 82
BLCR Sharpe Ratio Rank: 83
BLCR Sortino Ratio Rank: 80
BLCR Omega Ratio Rank: 78
BLCR Calmar Ratio Rank: 80
BLCR Martin Ratio Rank: 88

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.

FMCE vs. BLCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FM Compounders Equity ETF (FMCE) and Blackrock Large Cap Core ETF (BLCR). 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.

	FMCE	BLCR	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.51	-1.56
Sortino ratio: Return per unit of downside risk	1.45	3.34	-1.89
Omega ratio: Gain probability vs. loss probability	1.17	1.43	-0.26
Calmar ratio: Return relative to maximum drawdown	1.13	4.02	-2.90
Martin ratio: Return relative to average drawdown	3.94	18.20	-14.26

FMCE vs. BLCR - Sharpe Ratio Comparison

The current FMCE Sharpe Ratio is 0.96, which is lower than the BLCR Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FMCE and BLCR, 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

FMCE vs. BLCR - Drawdown Comparison

The maximum FMCE drawdown since its inception was -11.69%, smaller than the maximum BLCR drawdown of -21.29%. Use the drawdown chart below to compare losses from any high point for FMCE and BLCR.

Drawdown Indicators

	FMCE	BLCR	Difference
Max Drawdown Largest peak-to-trough decline	-11.69%	-21.29%	+9.60%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-10.26%	-0.51%
Current Drawdown Current decline from peak	-1.49%	-2.70%	+1.21%
Average Drawdown Average peak-to-trough decline	-2.37%	-2.19%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.26%	+0.81%

Volatility

FMCE vs. BLCR - Volatility Comparison

The current volatility for FM Compounders Equity ETF (FMCE) is 4.20%, while Blackrock Large Cap Core ETF (BLCR) has a volatility of 6.32%. This indicates that FMCE experiences smaller price fluctuations and is considered to be less risky than BLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMCE	BLCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	6.32%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	13.18%	-3.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	16.45%	-3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	17.67%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.39%	17.67%	-3.28%

FMCE vs. BLCR - Expense Ratio Comparison

FMCE has a 0.72% expense ratio, which is higher than BLCR's 0.36% expense ratio.

Dividends

FMCE vs. BLCR - Dividend Comparison

FMCE's dividend yield for the trailing twelve months is around 2.99%, more than BLCR's 0.29% yield.

Position	TTM	2025	2024	2023
BLCR Blackrock Large Cap Core ETF	0.29%	0.33%	0.75%	0.13%
FMCE FM Compounders Equity ETF	2.99%	3.20%	0.22%	0.00%

Frequently Asked Questions

Can I hold both FMCE and BLCR in my portfolio?

FMCE and BLCR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMCE or BLCR?

BLCR has higher volatility (6.32%) compared to FMCE (4.20%). In terms of maximum drawdown, FMCE dropped -11.69% vs BLCR's -21.29%.

Which ETF is better, FMCE or BLCR?

On 1-year performance, BLCR leads with 41.08% vs 12.07% for FMCE. On fees, BLCR is cheaper at 0.36% per year. On volatility, FMCE has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FMCE or BLCR?

Over the 1-year period, BLCR has performed better with a 41.08% return vs 12.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMCE or BLCR?

BLCR is cheaper with a 0.36% expense ratio, compared with 0.72% for FMCE.

Which ETF pays a higher dividend yield, FMCE or BLCR?

FMCE has the higher dividend yield at 2.99%, compared with 0.29% for BLCR.

What is the main difference between FMCE and BLCR?

They also come from different issuers: First Manhattan and BlackRock. Their fees differ too: 0.72% for FMCE and 0.36% for BLCR.

Which has better risk-adjusted returns?

BLCR currently has the higher Sharpe Ratio (2.51 vs 0.96), 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.