FLCC vs IVV
Federated Hermes MDT Large Cap Core ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLCC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $118M | $865.2B | |
| Dividend Yield | 0.47% | 1.09% | |
| Holdings | 156 | 508 | |
| YTD Return | +14.18% | +13.80% | |
| 1Y Return | +20.52% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 12.8% | 15.1% | |
| Max Drawdown | -19.2% | -56.5% | |
| Fund Family | Federated Hermes | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | May 15, 2000 |
FLCC vs IVV Performance
Federated Hermes MDT Large Cap Core ETF (FLCC) is a ETF from Federated Hermes and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLCC returned +20.52% while IVV returned +23.70%. Year to date, FLCC is up 14.18% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.8% for FLCC. 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 -19.2% for FLCC and -56.5% for IVV. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLCC charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FLCC currently yields 0.47% against 1.09% for IVV.
Holdings Overlap
FLCC and IVV share 118 holdings out of 541 unique holdings combined, representing a 47.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCC or IVV?
FLCC has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FLCC or IVV?
Over the past year FLCC returned +20.52% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FLCC annualized +20.66% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FLCC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.8% for FLCC. Worst drawdown: FLCC -19.2% vs IVV -56.5%.
Should I hold both FLCC and IVV?
FLCC and IVV have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLCC and IVV?
FLCC and IVV share 118 common holdings with a 47.2% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, FLCC or IVV?
FLCC yields 0.47% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.