FCSH vs VOO
Federated Hermes Short Duration Corporate ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FCSH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $65M | $979.0B | |
| Dividend Yield | 4.08% | 1.09% | |
| Holdings | 175 | 509 | |
| YTD Return | +0.84% | +13.79% | |
| 1Y Return | +3.10% | +23.01% | |
| 3Y Return (annualized) | +5.23% | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 3.2% | 14.1% | |
| Max Drawdown | -8.5% | -34.3% | |
| Fund Family | Federated Hermes | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 16, 2021 | Sep 7, 2010 |
FCSH vs VOO Performance
Federated Hermes Short Duration Corporate ETF (FCSH) is a ETF from Federated Hermes and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FCSH returned +3.10% while VOO returned +23.01%. Year to date, FCSH is up 0.84% versus a gain of 13.79% for VOO.
Over three years, FCSH compounded at +5.23% per year against +21.78% for VOO. Across the full 5-year window we track, VOO has the edge at +13.57% annualized vs +2.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.2% for FCSH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.5% for FCSH and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FCSH charges 0.30% per year while VOO charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, FCSH currently yields 4.08% against 1.09% for VOO.
Holdings Overlap
FCSH and VOO share 0 holdings out of 648 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCSH or VOO?
FCSH has an expense ratio of 0.30% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, FCSH or VOO?
Over the past year FCSH returned +3.10% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FCSH annualized +2.42% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, FCSH or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.2% for FCSH. Worst drawdown: FCSH -8.5% vs VOO -34.3%.
Should I hold both FCSH and VOO?
FCSH and VOO have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCSH and VOO?
FCSH and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 648 unique securities.
Which pays a higher dividend, FCSH or VOO?
FCSH yields 4.08% while VOO yields 1.09%, so FCSH currently pays the higher dividend yield.
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