FSCC vs. SMMV

Last updated Aug 2, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) are both Small Cap Blend Equities funds. FSCC is actively managed, while SMMV is passively managed. Over the past year, FSCC returned 36.31% vs 16.10% for SMMV. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FSCC charges 0.36%/yr vs 0.20%/yr for SMMV.

Performance

FSCC vs. SMMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core ETF (FSCC) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCC achieves a 17.26% return, which is significantly higher than SMMV's 9.33% return.

FSCC

• 1D: -0.79%
• 1M: -3.22%
• 6M: 12.18%
• YTD: 17.26%
• 1Y: 36.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.53%

SMMV

• 1D: -0.06%
• 1M: 0.56%
• 6M: 7.36%
• YTD: 9.33%
• 1Y: 16.10%
• 3Y*: 12.24%
• 5Y*: 6.29%
• 10Y*: —
• ALL TIME*: 8.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSCC Federated Hermes MDT Small Cap Core ETF	$1.26M	$1.39M	$1.94M
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF	$337.38K	$347.17K	$431.55K

FSCC vs. SMMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	17.26%	15.30%	2.15%
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF	9.33%	6.42%	5.11%

Correlation

The correlation between FSCC and SMMV is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.73

The correlation between FSCC and SMMV shifts across timeframes, from 0.59 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

FSCC vs. SMMV - Sectors Allocation Comparison

Sectors	FSCC	SMMV
Financial Services	21.2%	9.2%
Healthcare	20.5%	18.7%
Industrials	14.6%	13.6%
Technology	13.3%	13.7%
Consumer Cyclical	8.0%	5.3%
Real Estate	7.4%	12.5%
Energy	4.6%	5.2%
Basic Materials	4.3%	1.6%
Consumer Defensive	2.4%	7.6%
Utilities	1.8%	7.5%
Communication Services	1.6%	5.1%

Return for Risk

FSCC vs. SMMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSCC

FSCC Risk / Return Rank: 76
FSCC Sharpe Ratio Rank: 74
FSCC Sortino Ratio Rank: 75
FSCC Omega Ratio Rank: 69
FSCC Calmar Ratio Rank: 81
FSCC Martin Ratio Rank: 79

SMMV

SMMV Risk / Return Rank: 66
SMMV Sharpe Ratio Rank: 69
SMMV Sortino Ratio Rank: 75
SMMV Omega Ratio Rank: 68
SMMV Calmar Ratio Rank: 63
SMMV Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSCC vs. SMMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Core ETF (FSCC) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). 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	SMMV	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.58	+0.12
Sortino ratio: Return per unit of downside risk	2.43	2.42	+0.01
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	3.00	2.19	+0.81
Martin ratio: Return relative to average drawdown	10.35	6.75	+3.60

FSCC vs. SMMV - Sharpe Ratio Comparison

The current FSCC Sharpe Ratio is 1.70, which is comparable to the SMMV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FSCC and SMMV, 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. SMMV - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, smaller than the maximum SMMV drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for FSCC and SMMV.

Drawdown Indicators

	FSCC	SMMV	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-38.77%	+11.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-7.02%	-4.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.00%	—
Current Drawdown Current decline from peak	-5.73%	-1.07%	-4.66%
Average Drawdown Average peak-to-trough decline	-4.98%	-5.04%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	2.28%	+0.93%

Volatility

FSCC vs. SMMV - Volatility Comparison

Federated Hermes MDT Small Cap Core ETF (FSCC) has a higher volatility of 4.48% compared to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) at 2.85%. This indicates that FSCC's price experiences larger fluctuations and is considered to be riskier than SMMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCC	SMMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.85%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	14.39%	6.98%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.56%	9.75%	+9.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	13.44%	+8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	15.62%	+6.41%

FSCC vs. SMMV - Expense Ratio Comparison

FSCC has a 0.36% expense ratio, which is higher than SMMV's 0.20% expense ratio.

Dividends

FSCC vs. SMMV - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.23%, less than SMMV's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF	1.66%	1.77%	1.76%	2.30%	1.67%	1.08%	1.39%	1.64%	1.72%	1.63%	0.79%

Frequently Asked Questions

Can I hold both FSCC and SMMV in my portfolio?

FSCC and SMMV have a correlation of 0.59, 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 SMMV?

FSCC has higher volatility (4.48%) compared to SMMV (2.85%). In terms of maximum drawdown, FSCC dropped -27.17% vs SMMV's -38.77%.

Which ETF is better, FSCC or SMMV?

On 1-year performance, FSCC leads with 36.31% vs 16.10% for SMMV. On fees, SMMV is cheaper at 0.20% per year. On volatility, SMMV has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSCC or SMMV?

Over the 1-year period, FSCC has performed better with a 36.31% return vs 16.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSCC or SMMV?

SMMV is cheaper with a 0.20% expense ratio, compared with 0.36% for FSCC.

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

SMMV has the higher dividend yield at 1.66%, compared with 0.23% for FSCC.

What is the main difference between FSCC and SMMV?

They also come from different issuers: Federated and iShares. Their fees differ too: 0.36% for FSCC and 0.20% for SMMV.

Which has better risk-adjusted returns?

FSCC currently has the higher Sharpe Ratio (1.70 vs 1.58), 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.