FLCC vs QQQ
Federated Hermes MDT Large Cap Core ETF vs Invesco QQQ Trust, Series 1
Which is better, FLCC or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FLCC is less concentrated, with 38.6% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLCC | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $132M | $483.5B |
| Dividend Yield | 0.46% | 0.44% |
| Holdings | 152 | 107 |
| YTD Return | +12.20% | +17.95%Best |
| 1Y Return | +13.69% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 12.7%Best | 17.8% |
| Max Drawdown | -19.2%Best | -22.8% |
| $10,000 over 2.1 years | $14,275 | $15,372Best |
| Top 10 Weight | 38.6%Best | 46.5% |
| Fund Family | Federated Hermes | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jul 30, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jul 31, 2024 to Sep 18, 2026 (2.1 years).
FLCC vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
FLCC vs QQQ Performance
Federated Hermes MDT Large Cap Core ETF (FLCC) is an ETF from Federated Hermes and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLCC returned +13.69% while QQQ returned +21.77%. Year to date, FLCC is up 12.20% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 12.7% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLCC charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, FLCC currently yields 0.46% against 0.44% for QQQ.
Holdings Overlap
50.1% of FLCC's money is in holdings QQQ also owns. 72.1% of QQQ's money is in holdings FLCC also owns.
Most of QQQ is already inside FLCC. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 151 positions we hold weights for in FLCC and 102 in QQQ, against full books of 152 and 107.
What only one of them owns
Our book lists 59 positions for QQQ that do not appear in our book for FLCC (25.4% of the fund), and 112 for FLCC that do not appear in QQQ (49.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FLCC | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.79% | 8.44% | 0.65% |
| AAPLApple, Inc | 6.65% | 7.27% | 0.62% |
| MSFTMicrosoft Corp | 4.55% | 5.76% | 1.21% |
| GOOGLAlphabet Inc,class A | 6.24% | 3.36% | 2.88% |
| AMZNAmazon.Com Inc | 3.17% | 4.67% | 1.50% |
| MUMicron Technology, Inc. | 1.66% | 4.43% | 2.77% |
| AVGOBroadcom Inc | 2.03% | 3.16% | 1.13% |
| AMDAdvanced Micro Devices Inc | 0.46% | 3.45% | 2.99% |
| COSTCostco Wholesale Corp. | 1.96% | 1.84% | 0.12% |
| METAMeta Platforms Inc | 1.02% | 2.78% | 1.76% |
72.1% of QQQ is already inside FLCC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLCC or QQQ?
FLCC has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FLCC or QQQ?
Over the past year FLCC returned +13.69% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FLCC annualized +18.47% vs +22.72% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCC or QQQ?
QQQ has been the more volatile fund at 17.8% annualized versus 12.7% for FLCC. Worst drawdown: FLCC -19.2% vs QQQ -22.8%.
Should I hold both FLCC and QQQ?
FLCC and QQQ have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLCC and QQQ?
72.1% of QQQ's money is in holdings FLCC also owns. 72.1% of QQQ's is in holdings FLCC also owns. They hold 37 positions in common, counted across the 151 positions we hold weights for in FLCC and 102 in QQQ.
Which pays a higher dividend, FLCC or QQQ?
FLCC yields 0.46% while QQQ yields 0.44%, so FLCC currently pays the higher dividend yield.
Is QQQ better than FLCC?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. FLCC is less concentrated, with 38.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.