SFLO vs. FSCC

Last updated Jun 24, 2026

SFLO (Victoryshares Small Cap Free Cash Flow ETF) and FSCC (Federated Hermes MDT Small Cap Core ETF) are both Small Cap Blend Equities funds. SFLO is passively managed, while FSCC is actively managed. Over the past year, SFLO returned 28.87% vs 41.40% for FSCC. A 0.80 correlation means they provide meaningful diversification when combined. SFLO charges 0.49%/yr vs 0.36%/yr for FSCC.

Performance

SFLO vs. FSCC - Performance Comparison

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

Returns By Period

In the year-to-date period, SFLO achieves a 12.77% return, which is significantly lower than FSCC's 19.40% return.

SFLO

• 1D: 0.86%
• 1M: 0.50%
• YTD: 12.77%
• 6M: 11.84%
• 1Y: 28.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSCC

• 1D: -1.00%
• 1M: 3.72%
• YTD: 19.40%
• 6M: 17.22%
• 1Y: 41.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFLO vs. FSCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SFLO Victoryshares Small Cap Free Cash Flow ETF	12.77%	11.88%	-4.12%
FSCC Federated Hermes MDT Small Cap Core ETF	19.40%	15.30%	2.15%

Correlation

The correlation between SFLO and FSCC 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 Jul 31, 2024	0.80

The correlation between SFLO and FSCC has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

SFLO vs. FSCC - Sectors Allocation Comparison

Sectors	SFLO	FSCC
Technology	28.1%	17.6%
Healthcare	18.9%	17.5%
Consumer Cyclical	17.2%	7.1%
Energy	13.4%	4.3%
Industrials	9.1%	20.7%
Communication Services	7.0%	1.9%
Consumer Defensive	4.4%	2.5%
Basic Materials	1.7%	3.5%
Financial Services	0.2%	17.1%
Utilities	0.1%	1.7%
Real Estate	0.1%	6.2%

Return for Risk

SFLO vs. FSCC — Risk / Return Rank

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

SFLO

SFLO Risk / Return Rank: 60
SFLO Sharpe Ratio Rank: 52
SFLO Sortino Ratio Rank: 54
SFLO Omega Ratio Rank: 48
SFLO Calmar Ratio Rank: 77
SFLO Martin Ratio Rank: 69

FSCC

FSCC Risk / Return Rank: 73
FSCC Sharpe Ratio Rank: 73
FSCC Sortino Ratio Rank: 72
FSCC Omega Ratio Rank: 65
FSCC Calmar Ratio Rank: 79
FSCC Martin Ratio Rank: 78

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.

SFLO vs. FSCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Small Cap Free Cash Flow ETF (SFLO) and Federated Hermes MDT Small Cap Core ETF (FSCC). 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.

	SFLO	FSCC	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.12	-0.45
Sortino ratio: Return per unit of downside risk	2.43	2.94	-0.50
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	3.72	3.76	-0.04
Martin ratio: Return relative to average drawdown	11.95	13.73	-1.77

SFLO vs. FSCC - Sharpe Ratio Comparison

The current SFLO Sharpe Ratio is 1.67, which is comparable to the FSCC Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SFLO and FSCC, 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

SFLO vs. FSCC - Drawdown Comparison

The maximum SFLO drawdown since its inception was -26.63%, roughly equal to the maximum FSCC drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for SFLO and FSCC.

Drawdown Indicators

	SFLO	FSCC	Difference
Max Drawdown Largest peak-to-trough decline	-26.63%	-27.17%	+0.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-11.07%	+3.27%
Current Drawdown Current decline from peak	-3.39%	-1.00%	-2.39%
Average Drawdown Average peak-to-trough decline	-4.29%	-5.07%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	3.02%	-0.60%

Volatility

SFLO vs. FSCC - Volatility Comparison

The current volatility for Victoryshares Small Cap Free Cash Flow ETF (SFLO) is 5.20%, while Federated Hermes MDT Small Cap Core ETF (FSCC) has a volatility of 6.30%. This indicates that SFLO experiences smaller price fluctuations and is considered to be less risky than FSCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLO	FSCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	6.30%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	14.13%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	19.61%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.45%	22.35%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	22.35%	-1.90%

SFLO vs. FSCC - Expense Ratio Comparison

SFLO has a 0.49% expense ratio, which is higher than FSCC's 0.36% expense ratio.

Dividends

SFLO vs. FSCC - Dividend Comparison

SFLO's dividend yield for the trailing twelve months is around 0.82%, more than FSCC's 0.23% yield.

Position	TTM	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%
SFLO Victoryshares Small Cap Free Cash Flow ETF	0.82%	1.04%	1.28%

Frequently Asked Questions

Can I hold both SFLO and FSCC in my portfolio?

SFLO and FSCC 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, SFLO or FSCC?

FSCC has higher volatility (6.30%) compared to SFLO (5.20%). In terms of maximum drawdown, SFLO dropped -26.63% vs FSCC's -27.17%.

Which ETF is better, SFLO or FSCC?

On 1-year performance, FSCC leads with 41.40% vs 28.87% for SFLO. On fees, FSCC is cheaper at 0.36% per year. On volatility, SFLO has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLO or FSCC?

Over the 1-year period, FSCC has performed better with a 41.40% return vs 28.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLO or FSCC?

FSCC is cheaper with a 0.36% expense ratio, compared with 0.49% for SFLO.

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

SFLO has the higher dividend yield at 0.82%, compared with 0.23% for FSCC.

What is the main difference between SFLO and FSCC?

They also come from different issuers: Victory and Federated Hermes. Their fees differ too: 0.49% for SFLO and 0.36% for FSCC.

Which has better risk-adjusted returns?

FSCC currently has the higher Sharpe Ratio (2.12 vs 1.67), 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.