FSCC vs SPY
Federated Hermes MDT Small Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FSCC or SPY?
Small Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. FSCC is less concentrated, with 11.8% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FSCC | SPY |
|---|---|---|
| Expense Ratio | 0.36% | 0.09%Best |
| AUM | $359M | $804.7B |
| Dividend Yield | 0.23% | 0.98% |
| Holdings | 308 | 505 |
| YTD Return | +14.75%Best | +13.81% |
| 1Y Return | +15.52% | +16.94%Best |
| 3Y Return (annualized) | - | +22.84% |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 18.3% | 12.1%Best |
| Max Drawdown | -27.2% | -18.8%Best |
| $10,000 over 2.1 years | $13,504 | $14,267Best |
| Top 10 Weight | 11.8%Best | 37.8% |
| Fund Family | Federated Hermes | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Jul 30, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jul 31, 2024 to Sep 22, 2026 (2.1 years).
FSCC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
FSCC vs SPY Performance
Federated Hermes MDT Small Cap Core ETF (FSCC) is an ETF from Federated Hermes and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FSCC returned +15.52% while SPY returned +16.94%. Year to date, FSCC is up 14.75% versus a gain of 13.81% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSCC has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 12.1% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. 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 0.23% against 0.98% for SPY.
Holdings Overlap
0.8% of FSCC's money is in holdings SPY also owns. 0.1% of SPY's money is in holdings FSCC also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 311 positions we hold weights for in FSCC and 504 in SPY, against full books of 308 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for FSCC (99.3% of the fund), and 287 for FSCC that do not appear in SPY (94.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FSCC | Weight in SPY | Difference |
|---|---|---|---|
| EMEEmcor Group Inc | 0.77% | 0.05% | 0.72% |
You are not choosing between two funds in isolation.
Whichever of FSCC and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $27 a year on a $10,000 investment.
Which performed better, FSCC or SPY?
Over the past year FSCC returned +15.52% vs +16.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FSCC annualized +15.38% vs +18.44% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSCC or SPY?
FSCC has been the more volatile fund at 18.3% annualized versus 12.1% for SPY. Worst drawdown: FSCC -27.2% vs SPY -18.8%.
Should I hold both FSCC and SPY?
FSCC and SPY have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FSCC or SPY?
FSCC yields 0.23% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than FSCC?
SPY has a lower expense ratio. SPY led over 1Y and the full window. FSCC is less concentrated, with 11.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.