FSCC vs. PAYR

Last updated Jun 4, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and PAYR (Federated Hermes Enhanced Income ETF) are both exchange-traded funds - FSCC is a Small Cap Blend Equities fund actively managed by Federated Hermes, while PAYR is a Derivative Income fund actively managed by Federated Hermes. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. FSCC charges 0.36%/yr vs 0.40%/yr for PAYR.

Performance

FSCC vs. PAYR - 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 Enhanced Income ETF (PAYR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCC achieves a 15.26% return, which is significantly higher than PAYR's 7.22% return.

FSCC

• 1D: -1.31%
• 1M: 2.28%
• YTD: 15.26%
• 6M: 13.86%
• 1Y: 38.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PAYR

• 1D: -0.02%
• 1M: -0.97%
• YTD: 7.22%
• 6M: 7.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCC vs. PAYR - Yearly Performance Comparison

	2026 (YTD)	2025
FSCC Federated Hermes MDT Small Cap Core ETF	15.26%	0.97%
PAYR Federated Hermes Enhanced Income ETF	7.22%	3.73%

Correlation

The correlation between FSCC and PAYR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.36

Return for Risk

FSCC vs. PAYR — Risk / Return Rank

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

FSCC

FSCC Risk / Return Rank: 63
FSCC Sharpe Ratio Rank: 60
FSCC Sortino Ratio Rank: 60
FSCC Omega Ratio Rank: 55
FSCC Calmar Ratio Rank: 70
FSCC Martin Ratio Rank: 69

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. PAYR - 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 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.

	FSCC	PAYR	Difference
Sharpe ratio: Return per unit of total volatility	2.00	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	12.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSCC	PAYR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.84	-1.03

Drawdowns

FSCC vs. PAYR - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, which is greater than PAYR's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for FSCC and PAYR.

Drawdown Indicators

	FSCC	PAYR	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-5.24%	-21.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	—	—
Current Drawdown Current decline from peak	-1.90%	-4.76%	+2.86%
Average Drawdown Average peak-to-trough decline	-5.18%	-1.59%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	—	—

Volatility

Volatility by Period

	FSCC	PAYR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	9.73%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	9.73%	+12.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	9.73%	+12.57%

FSCC vs. PAYR - Expense Ratio Comparison

FSCC has a 0.36% expense ratio, which is lower than PAYR's 0.40% expense ratio.

Dividends

FSCC vs. PAYR - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.23%, less than PAYR's 5.47% yield.

Position	TTM	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%
PAYR Federated Hermes Enhanced Income ETF	5.47%	1.99%	0.00%

Frequently Asked Questions

Can I hold both FSCC and PAYR in my portfolio?

FSCC and PAYR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSCC or PAYR?

On fees, FSCC is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSCC or PAYR?

FSCC is cheaper with a 0.36% expense ratio, compared with 0.40% for PAYR.

Which ETF pays a higher dividend yield, FSCC or PAYR?

PAYR has the higher dividend yield at 5.47%, compared with 0.23% for FSCC.

What is the main difference between FSCC and PAYR?

FSCC is categorized as Small Cap Blend Equities, while PAYR is Derivative Income. Their fees differ too: 0.36% for FSCC and 0.40% for PAYR.