FLCV vs QQQ
Federated Hermes MDT Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. FLCV delivered stronger 1-year returns. FLCV offers more diversification with 129 holdings.
Side-by-Side Comparison
| Metric | FLCV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.18% | |
| AUM | $127M | $455.8B | |
| Dividend Yield | 0.72% | 0.41% | |
| Holdings | 127 | 108 | |
| YTD Return | +21.68% | +19.68% | |
| 1Y Return | +27.72% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 11.4% | 30.6% | |
| Max Drawdown | -15.9% | -83.0% | |
| Fund Family | Federated Hermes | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Mar 10, 1999 |
FLCV vs QQQ Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is a ETF from Federated Hermes and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLCV returned +27.72% while QQQ returned +26.75%. Year to date, FLCV is up 21.68% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.4% for FLCV. 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 -15.9% for FLCV 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLCV charges 0.32% per year while QQQ charges 0.18%. On a $10,000 position that is $32 vs $18 annually, a gap of $14 per year that compounds over a long holding period. On income, FLCV currently yields 0.72% against 0.41% for QQQ.
Holdings Overlap
FLCV and QQQ share 23 holdings out of 209 unique holdings combined, representing a 22.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLCV or QQQ?
FLCV has an expense ratio of 0.32% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, FLCV or QQQ?
Over the past year FLCV returned +27.72% vs +26.75% for QQQ, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +22.25% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLCV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.4% for FLCV. Worst drawdown: FLCV -15.9% vs QQQ -83.0%.
Should I hold both FLCV and QQQ?
FLCV and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLCV and QQQ?
FLCV and QQQ share 23 common holdings with a 22.3% weight overlap. Combined, they hold 209 unique securities.
Which pays a higher dividend, FLCV or QQQ?
FLCV yields 0.72% while QQQ yields 0.41%, so FLCV 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.