FLCG vs IVV
Federated Hermes MDT Large Cap Growth 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 | FLCG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $568M | $865.2B | |
| Dividend Yield | 0.05% | 1.09% | |
| Holdings | 99 | 508 | |
| YTD Return | +8.86% | +14.50% | |
| 1Y Return | +13.48% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 16.1% | 15.1% | |
| Max Drawdown | -22.9% | -56.5% | |
| Fund Family | Federated Hermes | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | May 15, 2000 |
FLCG vs IVV Performance
Federated Hermes MDT Large Cap Growth ETF (FLCG) 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 FLCG returned +13.48% while IVV returned +22.02%. Year to date, FLCG is up 8.86% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
FLCG has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% for IVV. 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 -22.9% for FLCG 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLCG charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, FLCG currently yields 0.05% against 1.09% for IVV.
Holdings Overlap
FLCG and IVV share 70 holdings out of 536 unique holdings combined, representing a 43.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCG or IVV?
FLCG has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FLCG or IVV?
Over the past year FLCG returned +13.48% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FLCG annualized +19.22% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, FLCG or IVV?
FLCG has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: FLCG -22.9% vs IVV -56.5%.
Should I hold both FLCG and IVV?
FLCG and IVV have a monthly-return correlation of 0.93, 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 FLCG and IVV?
FLCG and IVV share 70 common holdings with a 43.9% weight overlap. Combined, they hold 536 unique securities.
Which pays a higher dividend, FLCG or IVV?
FLCG yields 0.05% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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