FLCC vs SCHK
Federated Hermes MDT Large Cap Core ETF vs Schwab 1000 Index ETF
Which is better, FLCC or SCHK?
Nearly the same fund. SCHK costs less.
SCHK has a lower expense ratio. FLCC led over the full window, SCHK over 1Y. The two have moved almost in lockstep, correlation 0.96. SCHK is less concentrated, with 36.0% 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 | SCHK |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $179M | $5.8B |
| Dividend Yield | 0.45% | 1.04% |
| Holdings | 304 | 986 |
| YTD Return | +12.79% | +13.20%Best |
| 1Y Return | +16.11% | +16.85%Best |
| 3Y Return (annualized) | - | +22.21% |
| 5Y Return (annualized) | - | +12.41% |
| Volatility (annualized) | 12.4% | 12.1%Best |
| Max Drawdown | -19.2%Tie | -19.2%Tie |
| $10,000 over 2.2 years | $14,419Best | $14,269 |
| Top 10 Weight | 38.9% | 36.0%Best |
| Fund Family | Federated Hermes | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 30, 2024 | Oct 11, 2017 |
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).
FLCC vs SCHK 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 SCHK Performance
Federated Hermes MDT Large Cap Core ETF (FLCC) is an ETF from Federated Hermes and Schwab 1000 Index ETF (SCHK) is an ETF from Charles Schwab Asset Management. Over the past year FLCC returned +16.11% while SCHK returned +16.85%. Year to date, FLCC is up 12.79% versus a gain of 13.20% for SCHK.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLCC has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 12.1% for SCHK. 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 -19.2% for SCHK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 SCHK charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FLCC currently yields 0.45% against 1.04% for SCHK.
Holdings Overlap
96.8% of FLCC's money is in holdings SCHK also owns. 58.1% of SCHK's money is in holdings FLCC also owns.
Most of FLCC is already inside SCHK. Owning both mostly buys the same companies twice.
143 positions in common, counted across the 155 positions we hold weights for in FLCC and 998 in SCHK, against full books of 304 and 986.
What only one of them owns
Our book lists 811 positions for SCHK that do not appear in our book for FLCC (41.0% of the fund), and 12 for FLCC that do not appear in SCHK (3.2%).
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 FLCC | Weight in SCHK | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.62% | 7.83% | 0.79% |
| AAPLApple, Inc | 6.81% | 6.74% | 0.07% |
| MSFTMicrosoft Corp | 4.21% | 5.32% | 1.11% |
| GOOGLAlphabet Inc | 5.88% | 2.79% | 3.09% |
| AMZNAmazon.Com Inc | 3.20% | 3.42% | 0.22% |
| AVGOBroadcom Inc | 2.21% | 2.34% | 0.13% |
| METAMeta Platforms Inc | 1.23% | 2.22% | 0.99% |
| MUMicron Technology, Inc. | 1.44% | 1.68% | 0.24% |
| ABBVAbbvie Inc. | 2.18% | 0.64% | 1.54% |
| COSTCostco Wholesale Corp. | 2.06% | 0.56% | 1.50% |
96.8% of FLCC is already inside SCHK.
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 SCHK?
FLCC has an expense ratio of 0.29% while SCHK charges 0.03%. SCHK is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, FLCC or SCHK?
Over the past year FLCC returned +16.11% vs +16.85% for SCHK, so SCHK leads on 1-year performance. Over the longest common window we track (2 years), FLCC annualized +18.10% vs +17.54% for SCHK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCC or SCHK?
FLCC has been the more volatile fund at 12.4% annualized versus 12.1% for SCHK. Worst drawdown: FLCC -19.2% vs SCHK -19.2%.
Should I hold both FLCC and SCHK?
FLCC and SCHK have a monthly-return correlation of 0.96, 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 SCHK?
96.8% of FLCC's money is in holdings SCHK also owns. 58.1% of SCHK's is in holdings FLCC also owns. They hold 143 positions in common, counted across the 155 positions we hold weights for in FLCC and 998 in SCHK.
Which pays a higher dividend, FLCC or SCHK?
FLCC yields 0.45% while SCHK yields 1.04%, so SCHK currently pays the higher dividend yield.
Is SCHK better than FLCC?
SCHK has a lower expense ratio. FLCC led over the full window, SCHK over 1Y. The two have moved almost in lockstep, correlation 0.96. SCHK is less concentrated, with 36.0% 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.