FSCC vs SPY
Federated Hermes MDT Small Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FSCC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FSCC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.09% | |
| AUM | $309M | $789.1B | |
| Dividend Yield | 0.22% | 1.01% | |
| Holdings | 302 | 505 | |
| YTD Return | +19.63% | +13.68% | |
| 1Y Return | +30.92% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 18.6% | 15.3% | |
| Max Drawdown | -27.2% | -56.5% | |
| Fund Family | Federated Hermes | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Jan 22, 1993 |
FSCC vs SPY Performance
Federated Hermes MDT Small Cap Core ETF (FSCC) 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 FSCC returned +30.92% while SPY returned +21.53%. Year to date, FSCC is up 19.63% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
FSCC has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.3% for SPY. 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 -27.2% for FSCC 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FSCC charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, FSCC currently yields 0.22% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FSCC or SPY?
FSCC has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, FSCC or SPY?
Over the past year FSCC returned +30.92% vs +21.53% for SPY, so FSCC leads on 1-year performance. Over the longest common window we track (2 years), FSCC annualized +18.70% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FSCC or SPY?
FSCC has been the more volatile fund at 18.6% annualized versus 15.3% for SPY. Worst drawdown: FSCC -27.2% vs SPY -56.5%.
Should I hold both FSCC and SPY?
FSCC and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FSCC and SPY?
FSCC and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 810 unique securities.
Which pays a higher dividend, FSCC or SPY?
FSCC yields 0.22% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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