FSCC vs. RB

Last updated Jul 14, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both exchange-traded funds - FSCC is a Small Cap Blend Equities fund actively managed by Federated Hermes, while RB is a Defined Outcome fund tracking the Russell 2000. FSCC is actively managed, while RB is passively managed. Over the past year, FSCC returned 34.96% vs 18.42% for RB. A 0.75 correlation means they provide meaningful diversification when combined. FSCC charges 0.36%/yr vs 0.58%/yr for RB.

Performance

FSCC vs. RB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core ETF (FSCC) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCC achieves a 19.16% return, which is significantly higher than RB's 8.17% return.

FSCC

• 1D: -0.80%
• 1M: 0.69%
• 6M: 13.38%
• YTD: 19.16%
• 1Y: 34.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RB

• 1D: -0.10%
• 1M: 1.15%
• 6M: 6.04%
• YTD: 8.17%
• 1Y: 18.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCC vs. RB - Yearly Performance Comparison

	2026 (YTD)	2025
FSCC Federated Hermes MDT Small Cap Core ETF	19.16%	17.65%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	8.17%	10.85%

Correlation

The correlation between FSCC and RB is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.75

The correlation between FSCC and RB has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

FSCC vs. RB — Risk / Return Rank

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

FSCC

FSCC Risk / Return Rank: 71
FSCC Sharpe Ratio Rank: 70
FSCC Sortino Ratio Rank: 70
FSCC Omega Ratio Rank: 63
FSCC Calmar Ratio Rank: 77
FSCC Martin Ratio Rank: 77

RB

RB Risk / Return Rank: 96
RB Sharpe Ratio Rank: 94
RB Sortino Ratio Rank: 96
RB Omega Ratio Rank: 95
RB Calmar Ratio Rank: 97
RB Martin Ratio Rank: 96

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. RB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Core ETF (FSCC) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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.

	FSCC	RB	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.82	-1.03
Sortino ratio: Return per unit of downside risk	2.54	4.78	-2.24
Omega ratio: Gain probability vs. loss probability	1.30	1.61	-0.31
Calmar ratio: Return relative to maximum drawdown	3.17	8.85	-5.68
Martin ratio: Return relative to average drawdown	11.43	28.55	-17.12

FSCC vs. RB - Sharpe Ratio Comparison

The current FSCC Sharpe Ratio is 1.79, which is lower than the RB Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of FSCC and RB, 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

FSCC vs. RB - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, which is greater than RB's maximum drawdown of -2.09%. Use the drawdown chart below to compare losses from any high point for FSCC and RB.

Drawdown Indicators

	FSCC	RB	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-2.09%	-25.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-2.09%	-8.98%
Current Drawdown Current decline from peak	-4.21%	-0.28%	-3.93%
Average Drawdown Average peak-to-trough decline	-4.98%	-0.44%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	0.65%	+2.42%

Volatility

FSCC vs. RB - Volatility Comparison

Federated Hermes MDT Small Cap Core ETF (FSCC) has a higher volatility of 5.74% compared to ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) at 1.81%. This indicates that FSCC's price experiences larger fluctuations and is considered to be riskier than RB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCC	RB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	1.81%	+3.93%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	4.74%	+9.60%
Volatility (1Y) Calculated over the trailing 1-year period	19.66%	6.58%	+13.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	6.49%	+15.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.21%	6.49%	+15.72%

FSCC vs. RB - Expense Ratio Comparison

FSCC has a 0.36% expense ratio, which is lower than RB's 0.58% expense ratio.

Dividends

FSCC vs. RB - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.23%, less than RB's 2.26% yield.

Position	TTM	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	2.26%	1.78%	0.00%

Frequently Asked Questions

Can I hold both FSCC and RB in my portfolio?

FSCC and RB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCC or RB?

FSCC has higher volatility (5.74%) compared to RB (1.81%). In terms of maximum drawdown, FSCC dropped -27.17% vs RB's -2.09%.

Which ETF is better, FSCC or RB?

On 1-year performance, FSCC leads with 34.96% vs 18.42% for RB. On fees, FSCC is cheaper at 0.36% per year. On volatility, RB has been the lower-risk option at 1.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSCC or RB?

Over the 1-year period, FSCC has performed better with a 34.96% return vs 18.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSCC or RB?

FSCC is cheaper with a 0.36% expense ratio, compared with 0.58% for RB.

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

RB has the higher dividend yield at 2.26%, compared with 0.23% for FSCC.

What is the main difference between FSCC and RB?

FSCC is categorized as Small Cap Blend Equities, while RB is Defined Outcome. They also come from different issuers: Federated Hermes and ProShares. Their fees differ too: 0.36% for FSCC and 0.58% for RB.

Which has better risk-adjusted returns?

RB currently has the higher Sharpe Ratio (2.82 vs 1.79), 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.