FLCC vs NBCR
Federated Hermes MDT Large Cap Core ETF vs Neuberger Berman Core Equity ETF
Which is better, FLCC or NBCR?
FLCC has been ahead.
FLCC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. NBCR is less concentrated, with 36.9% of the fund in its ten largest positions against 38.9%.
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 | FLCC | NBCR |
|---|---|---|
| Expense Ratio | 0.29%Tie | 0.29%Tie |
| AUM | $179M | $856M |
| Dividend Yield | 0.45% | 0.42% |
| Holdings | 304 | 206 |
| YTD Return | +12.79%Best | +8.54% |
| 1Y Return | +16.11%Best | +12.11% |
| Volatility (annualized) | 12.6% | 12.2%Best |
| Max Drawdown | -19.2% | -18.2%Best |
| $10,000 over 2.2 years | $14,635Best | $13,791 |
| Top 10 Weight | 38.9% | 36.9%Best |
| Fund Family | Federated Hermes | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 30, 2024 | Jul 31, 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: Aug 1, 2024 to Oct 14, 2026 (2.2 years).
FLCC vs NBCR 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.
FLCC vs NBCR Performance
Federated Hermes MDT Large Cap Core ETF (FLCC) is an ETF from Federated Hermes and Neuberger Berman Core Equity ETF (NBCR) is an ETF from Neuberger Berman. Over the past year FLCC returned +16.11% while NBCR returned +12.11%. Year to date, FLCC is up 12.79% versus a gain of 8.54% for NBCR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLCC has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 12.2% for NBCR. 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 -19.2% for FLCC and -18.2% for NBCR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLCC charges 0.29% per year while NBCR charges 0.29%. On a $10,000 position that is $29 vs $29 annually. On income, FLCC currently yields 0.45% against 0.42% for NBCR.
Holdings Overlap
60.5% of FLCC's money is in holdings NBCR also owns. 59.1% of NBCR's money is in holdings FLCC also owns.
The two portfolios partly overlap.
57 positions in common, counted across the 155 positions we hold weights for in FLCC and 203 in NBCR, against full books of 304 and 206.
What only one of them owns
Our book lists 138 positions for NBCR that do not appear in our book for FLCC (38.9% of the fund), and 93 for FLCC that do not appear in NBCR (39.3%).
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 FLCC | Weight in NBCR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.62% | 7.72% | 0.90% |
| AAPLApple, Inc | 6.81% | 6.95% | 0.14% |
| MSFTMicrosoft Corp | 4.21% | 6.03% | 1.82% |
| GOOGLAlphabet Inc | 5.88% | 3.10% | 2.78% |
| AMZNAmazon.Com Inc | 3.20% | 3.51% | 0.31% |
| AVGOBroadcom Inc | 2.21% | 1.83% | 0.38% |
| METAMeta Platforms Inc | 1.23% | 2.26% | 1.03% |
| COSTCostco Wholesale Corp. | 2.06% | 1.00% | 1.06% |
| MUMicron Technology, Inc. | 1.44% | 1.48% | 0.04% |
| GEGeneral Electric Co. | 1.89% | 0.82% | 1.07% |
60.5% of FLCC is already inside NBCR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLCC or NBCR?
FLCC has an expense ratio of 0.29% while NBCR charges 0.29%. At the precision these are quoted to, they cost the same.
Which performed better, FLCC or NBCR?
Over the past year FLCC returned +16.11% vs +12.11% for NBCR, so FLCC leads on 1-year performance. Over the longest common window we track (2 years), FLCC annualized +18.90% vs +15.73% for NBCR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCC or NBCR?
FLCC has been the more volatile fund at 12.6% annualized versus 12.2% for NBCR. Worst drawdown: FLCC -19.2% vs NBCR -18.2%.
Should I hold both FLCC and NBCR?
FLCC and NBCR have a monthly-return correlation of 0.97, 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 FLCC and NBCR?
60.5% of FLCC's money is in holdings NBCR also owns. 59.1% of NBCR's is in holdings FLCC also owns. They hold 57 positions in common, counted across the 155 positions we hold weights for in FLCC and 203 in NBCR.
Which pays a higher dividend, FLCC or NBCR?
FLCC yields 0.45% while NBCR yields 0.42%, so FLCC currently pays the higher dividend yield.
Is NBCR better than FLCC?
FLCC led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. NBCR is less concentrated, with 36.9% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.