FLCG vs QQQ
Federated Hermes MDT Large Cap Growth ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FLCG | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $611M | $496.3B | |
| Dividend Yield | 0.05% | 0.44% | |
| Holdings | 101 | 108 | |
| YTD Return | +5.10% | +16.23% | |
| 1Y Return | +11.88% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 15.8% | 30.6% | |
| Max Drawdown | -22.9% | -83.0% | |
| Fund Family | Federated Hermes | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Mar 10, 1999 |
FLCG vs QQQ Performance
Federated Hermes MDT Large Cap Growth ETF (FLCG) is a ETF from Federated Hermes and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLCG returned +11.88% while QQQ returned +26.23%. Year to date, FLCG is up 5.10% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.8% for FLCG. 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 -83.0% for QQQ. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLCG charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, FLCG currently yields 0.05% against 0.44% for QQQ.
Holdings Overlap
FLCG and QQQ share 35 holdings out of 167 unique holdings combined, representing a 46.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCG or QQQ?
FLCG has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, FLCG or QQQ?
Over the past year FLCG returned +11.88% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FLCG annualized +17.01% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLCG or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.8% for FLCG. Worst drawdown: FLCG -22.9% vs QQQ -83.0%.
Should I hold both FLCG and QQQ?
FLCG and QQQ have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCG and QQQ?
FLCG and QQQ share 35 common holdings with a 46.6% weight overlap. Combined, they hold 167 unique securities.
Which pays a higher dividend, FLCG or QQQ?
FLCG yields 0.05% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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