PAYR vs. FLCG
PAYR (Federated Hermes Enhanced Income ETF) and FLCG (Federated Hermes MDT Large Cap Growth ETF) are both exchange-traded funds - PAYR is a Derivative Income fund actively managed by Federated Hermes, while FLCG is a Large Cap Growth Equities fund actively managed by Federated Hermes. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. PAYR charges 0.40%/yr vs 0.39%/yr for FLCG.
Performance
PAYR vs. FLCG - Performance Comparison
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Returns By Period
In the year-to-date period, PAYR achieves a 12.12% return, which is significantly higher than FLCG's 4.23% return.
PAYR
- 1D
- -0.52%
- 1M
- 0.35%
- 6M
- 11.18%
- YTD
- 12.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLCG
- 1D
- 1.11%
- 1M
- 4.30%
- 6M
- 4.26%
- YTD
- 4.23%
- 1Y
- 13.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAYR vs. FLCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAYR Federated Hermes Enhanced Income ETF | 12.12% | 3.30% |
FLCG Federated Hermes MDT Large Cap Growth ETF | 4.23% | 1.74% |
Correlation
The correlation between PAYR and FLCG is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | -0.09 |
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Return for Risk
PAYR vs. FLCG — Risk / Return Rank
PAYR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLCG
PAYR vs. FLCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Enhanced Income ETF (PAYR) and Federated Hermes MDT Large Cap Growth ETF (FLCG). 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.
| PAYR | FLCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.88 | — |
| Martin ratioReturn relative to average drawdown | — | 2.77 | — |
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Drawdowns
PAYR vs. FLCG - Drawdown Comparison
The maximum PAYR drawdown since its inception was -5.24%, smaller than the maximum FLCG drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for PAYR and FLCG.
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Drawdown Indicators
| PAYR | FLCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -22.95% | +17.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.07% | — |
Current DrawdownCurrent decline from peak | -0.92% | -2.41% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -3.72% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.77% | — |
Volatility
PAYR vs. FLCG - Volatility Comparison
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Volatility by Period
| PAYR | FLCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 16.22% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 21.01% | -10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 21.01% | -10.13% |
PAYR vs. FLCG - Expense Ratio Comparison
PAYR has a 0.40% expense ratio, which is higher than FLCG's 0.39% expense ratio.
Dividends
PAYR vs. FLCG - Dividend Comparison
PAYR's dividend yield for the trailing twelve months is around 6.11%, more than FLCG's 0.05% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLCG Federated Hermes MDT Large Cap Growth ETF | 0.05% | 0.05% | 0.06% |
PAYR Federated Hermes Enhanced Income ETF | 6.11% | 1.99% | 0.00% |
Frequently Asked Questions
PAYR and FLCG have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLCG is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLCG is cheaper with a 0.39% expense ratio, compared with 0.40% for PAYR.
PAYR has the higher dividend yield at 6.11%, compared with 0.05% for FLCG.
PAYR is categorized as Derivative Income, while FLCG is Large Cap Growth Equities. Their fees differ too: 0.40% for PAYR and 0.39% for FLCG.
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