LCR vs PAYR
Leuthold Core ETF vs Federated Hermes Enhanced Income ETF
Which is better, LCR or PAYR?
PAYR has been ahead.
PAYR has a lower expense ratio. PAYR led over 1Y and the full window.
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 | LCR | PAYR |
|---|---|---|
| Expense Ratio | 0.83% | 0.40%Best |
| AUM | $64M | $93M |
| Dividend Yield | 1.29% | 8.03% |
| Holdings | 71 | 109 |
| Volatility (annualized) | 10.1%Best | 14.2% |
| Max Drawdown | -17.4% | -8.8%Best |
| Fund Family | Leuthold Funds | Federated Hermes Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jan 3, 2020 | Oct 7, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), $10,000 over the window, Top 10 Weight.
The two price series end 663 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LCR has data through Jan 17, 2025 and PAYR through Nov 11, 2026.
Risk: Volatility and Drawdowns
PAYR has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 10.1% for LCR. 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 -17.4% for LCR and -8.8% for PAYR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
Fees and Cost Over Time
LCR charges 0.83% per year while PAYR charges 0.40%. On a $10,000 position that is $83 vs $40 annually, a gap of $43 per year that compounds over a long holding period. On income, LCR currently yields 1.29% against 8.03% for PAYR.
Holdings Overlap
We hold position weights for 33 holdings in LCR and 47 in PAYR, totalling 95.6% and 92.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 33 positions we hold weights for in LCR and 47 in PAYR, against full books of 71 and 109.
You are not choosing between two funds in isolation.
Whichever of LCR and PAYR 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, LCR or PAYR?
LCR has an expense ratio of 0.83% while PAYR charges 0.40%. PAYR is the cheaper option, by $43 a year on a $10,000 investment.
Which is riskier, LCR or PAYR?
PAYR has been the more volatile fund at 14.2% annualized versus 10.1% for LCR. Worst drawdown: LCR -17.4% vs PAYR -8.8%.
Which pays a higher dividend, LCR or PAYR?
LCR yields 1.29% while PAYR yields 8.03%, so PAYR currently pays the higher dividend yield.
Is PAYR better than LCR?
PAYR has a lower expense ratio. PAYR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.