FSCC vs. FLCV

Last updated Apr 10, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and FLCV (Federated Hermes MDT Large Cap Value ETF) are both exchange-traded funds — FSCC is a Small Cap Blend Equities fund actively managed by Federated Hermes, while FLCV is a Large Cap Value Equities fund actively managed by Federated Hermes. Both are actively managed. Over the past year, FSCC returned 40.18% vs 25.65% for FLCV. Their correlation of 0.83 suggests significant overlap in exposure. FSCC charges 0.36%/yr vs 0.32%/yr for FLCV.

Performance

FSCC vs. FLCV - Performance Comparison

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

Returns By Period

In the year-to-date period, FSCC achieves a 4.50% return, which is significantly lower than FLCV's 5.32% return.

FSCC

• 1D: 0.58%
• 1M: 3.53%
• YTD: 4.50%
• 6M: 6.37%
• 1Y: 40.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLCV

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

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

FSCC vs. FLCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	4.50%	15.30%	2.19%
FLCV Federated Hermes MDT Large Cap Value ETF	5.32%	15.64%	6.56%

Correlation

The correlation between FSCC and FLCV is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.83

The correlation between FSCC and FLCV has been stable across timeframes, ranging from 0.83 to 0.83 — a consistent structural relationship.

FSCC vs. FLCV - Expense Ratio Comparison

FSCC has a 0.36% expense ratio, which is higher than FLCV's 0.32% expense ratio.

Return for Risk

FSCC vs. FLCV — Risk / Return Rank

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

FSCC

FSCC Risk / Return Rank: 57
FSCC Sharpe Ratio Rank: 51
FSCC Sortino Ratio Rank: 49
FSCC Omega Ratio Rank: 43
FSCC Calmar Ratio Rank: 71
FSCC Martin Ratio Rank: 69

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

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.

FSCC vs. FLCV - Risk-Adjusted Trends Comparison

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

	FSCC	FLCV	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.03	-0.03
Sortino ratio Return per unit of downside risk	2.74	2.87	-0.13
Omega ratio Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio Return relative to maximum drawdown	4.35	5.79	-1.43
Martin ratio Return relative to average drawdown	15.75	21.25	-5.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSCC vs. FLCV - Sharpe Ratio Comparison

The current FSCC Sharpe Ratio is 2.00, which is comparable to the FLCV Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FSCC and FLCV, 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

	FSCC	FLCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.03	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.10	-0.52

Drawdowns

FSCC vs. FLCV - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, which is greater than FLCV's maximum drawdown of -15.93%. Use the drawdown chart below to compare losses from any high point for FSCC and FLCV.

Drawdown Indicators

	FSCC	FLCV	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-15.93%	-11.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-5.70%	-5.37%
Current Drawdown Current decline from peak	-2.76%	0.00%	-2.76%
Average Drawdown Average peak-to-trough decline	-5.58%	-2.19%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	1.55%	+1.51%

Volatility

FSCC vs. FLCV - Volatility Comparison

Federated Hermes MDT Small Cap Core ETF (FSCC) has a higher volatility of 7.22% compared to Federated Hermes MDT Large Cap Value ETF (FLCV) at 4.27%. This indicates that FSCC's price experiences larger fluctuations and is considered to be riskier than FLCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCC	FLCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	4.27%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	9.07%	+5.64%
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	14.81%	+7.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.66%	15.32%	+7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.66%	15.32%	+7.34%

Dividends

FSCC vs. FLCV - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.26%, less than FLCV's 0.78% yield.

	TTM	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	0.26%	0.27%	0.16%
FLCV Federated Hermes MDT Large Cap Value ETF	0.78%	0.83%	0.24%