BGRO vs FLCG
iShares Large Cap Growth Active ETF vs Federated Hermes MDT Large Cap Growth ETF
Which is better, BGRO or FLCG?
BGRO has been ahead.
FLCG has a lower expense ratio. BGRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. BGRO is less concentrated, with 48.7% of the fund in its ten largest positions against 56.5%.
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 | BGRO | FLCG |
|---|---|---|
| Expense Ratio | 0.55% | 0.39%Best |
| AUM | $10M | $687M |
| Dividend Yield | 0.00% | 0.04% |
| Holdings | 38 | 208 |
| YTD Return | +12.63%Best | +7.29% |
| 1Y Return | +13.39%Best | +9.89% |
| Volatility (annualized) | 18.5% | 15.3%Best |
| Max Drawdown | -24.9% | -22.9%Best |
| $10,000 over 2.2 years | $14,096Best | $14,083 |
| Top 10 Weight | 48.7%Best | 56.5% |
| Fund Family | BlackRock, Inc. (US) | Federated Hermes |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 4, 2024 | Jul 30, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 31, 2024 to Oct 14, 2026 (2.2 years).
BGRO vs FLCG 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 2.2 years both funds cover.
BGRO vs FLCG Performance
iShares Large Cap Growth Active ETF (BGRO) is an ETF from BlackRock, Inc. (US) and Federated Hermes MDT Large Cap Growth ETF (FLCG) is an ETF from Federated Hermes. Over the past year BGRO returned +13.39% while FLCG returned +9.89%. Year to date, BGRO is up 12.63% versus a gain of 7.29% for FLCG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BGRO has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 15.3% 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 -24.9% for BGRO and -22.9% for FLCG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BGRO charges 0.55% per year while FLCG charges 0.39%. On a $10,000 position that is $55 vs $39 annually, a gap of $16 per year that compounds over a long holding period. On income, BGRO currently yields 0.00% against 0.04% for FLCG.
Holdings Overlap
69.5% of BGRO's money is in holdings FLCG also owns. 59.8% of FLCG's money is in holdings BGRO also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 40 positions we hold weights for in BGRO and 100 in FLCG, against full books of 38 and 208.
What only one of them owns
Our book lists 72 positions for FLCG that do not appear in our book for BGRO (39.5% of the fund), and 15 for BGRO that do not appear in FLCG (26.5%).
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 BGRO | Weight in FLCG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.22% | 15.20% | 1.98% |
| GOOGLAlphabet Inc | 4.62% | 11.70% | 7.08% |
| AAPLApple, Inc | 4.66% | 7.97% | 3.31% |
| MSFTMicrosoft Corp | 5.01% | 4.54% | 0.47% |
| MUMicron Technology, Inc. | 3.68% | 2.76% | 0.92% |
| LLYEli Lilly & Co. | 2.88% | 2.37% | 0.51% |
| METAMeta Platforms Inc | 2.37% | 2.88% | 0.51% |
| AMZNAmazon.Com Inc | 4.16% | 0.61% | 3.55% |
| SNOWSnowflake Inc | 4.06% | 0.66% | 3.40% |
| AVGOBroadcom Inc | 1.33% | 3.10% | 1.77% |
69.5% of BGRO is already inside FLCG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BGRO or FLCG?
BGRO has an expense ratio of 0.55% while FLCG charges 0.39%. FLCG is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, BGRO or FLCG?
Over the past year BGRO returned +13.39% vs +9.89% for FLCG, so BGRO leads on 1-year performance. Over the longest common window we track (2 years), BGRO annualized +16.89% vs +16.84% for FLCG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BGRO or FLCG?
BGRO has been the more volatile fund at 18.5% annualized versus 15.3% for FLCG. Worst drawdown: BGRO -24.9% vs FLCG -22.9%.
Should I hold both BGRO and FLCG?
BGRO and FLCG have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BGRO and FLCG?
69.5% of BGRO's money is in holdings FLCG also owns. 59.8% of FLCG's is in holdings BGRO also owns. They hold 23 positions in common, counted across the 40 positions we hold weights for in BGRO and 100 in FLCG.
Which pays a higher dividend, BGRO or FLCG?
BGRO yields 0.00% while FLCG yields 0.04%, so FLCG currently pays the higher dividend yield.
Is FLCG better than BGRO?
FLCG has a lower expense ratio. BGRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. BGRO is less concentrated, with 48.7% of the fund in its ten largest positions against 56.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.