FLCC vs SPY
Federated Hermes MDT Large Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FLCC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $118M | $789.1B | |
| Dividend Yield | 0.47% | 1.01% | |
| Holdings | 156 | 505 | |
| YTD Return | +14.18% | +13.79% | |
| 1Y Return | +20.52% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 12.8% | 15.3% | |
| Max Drawdown | -19.2% | -56.5% | |
| Fund Family | Federated Hermes | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Jan 22, 1993 |
FLCC vs SPY Performance
Federated Hermes MDT Large Cap Core ETF (FLCC) is a ETF from Federated Hermes and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FLCC returned +20.52% while SPY returned +23.66%. Year to date, FLCC is up 14.18% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, FLCC currently yields 0.47% against 1.01% for SPY.
Holdings Overlap
FLCC and SPY share 118 holdings out of 539 unique holdings combined, representing a 47.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCC or SPY?
FLCC has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, FLCC or SPY?
Over the past year FLCC returned +20.52% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLCC annualized +20.66% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FLCC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for FLCC. Worst drawdown: FLCC -19.2% vs SPY -56.5%.
Should I hold both FLCC and SPY?
FLCC and SPY 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 SPY?
FLCC and SPY share 118 common holdings with a 47.1% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, FLCC or SPY?
FLCC yields 0.47% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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