FLCG vs NUGO
Federated Hermes MDT Large Cap Growth ETF vs Nuveen Growth Opportunities ETF
Which is better, FLCG or NUGO?
Each has led over a different period.
FLCG has a lower expense ratio. FLCG led over the full window, NUGO over 1Y. The two have moved almost in lockstep, correlation 0.94. FLCG is less concentrated, with 56.5% of the fund in its ten largest positions against 61.9%.
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 | FLCG | NUGO |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.50% |
| AUM | $687M | $2.5B |
| Dividend Yield | 0.04% | 0.00% |
| Holdings | 208 | 46 |
| YTD Return | +7.29% | +9.42%Best |
| 1Y Return | +9.89% | +11.31%Best |
| 3Y Return (annualized) | - | +23.57% |
| 5Y Return (annualized) | - | +12.11% |
| Volatility (annualized) | 15.3%Best | 16.6% |
| Max Drawdown | -22.9%Best | -25.1% |
| $10,000 over 2.2 years | $14,083Best | $13,911 |
| Top 10 Weight | 56.5%Best | 61.9% |
| Fund Family | Federated Hermes | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 30, 2024 | Sep 27, 2021 |
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).
FLCG vs NUGO 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.
FLCG vs NUGO Performance
Federated Hermes MDT Large Cap Growth ETF (FLCG) is an ETF from Federated Hermes and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year FLCG returned +9.89% while NUGO returned +11.31%. Year to date, FLCG is up 7.29% versus a gain of 9.42% for NUGO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NUGO has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -22.9% for FLCG and -25.1% for NUGO. 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
FLCG charges 0.39% per year while NUGO charges 0.50%. On a $10,000 position that is $39 vs $50 annually, a gap of $11 per year that compounds over a long holding period. On income, FLCG currently yields 0.04% against 0.00% for NUGO.
Holdings Overlap
74.6% of FLCG's money is in holdings NUGO also owns. 87.8% of NUGO's money is in holdings FLCG also owns.
Most of NUGO is already inside FLCG. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 100 positions we hold weights for in FLCG and 43 in NUGO, against full books of 208 and 46.
What only one of them owns
Measured across the 100 and 43 positions we hold weights for.
FLCG holds 65 positions NUGO does not, 24.7% of the fund.
Largest: FTNT 1.91%, FI 1.83%, AMP 1.57%, KEYS 1.51%, VIK 0.99%
Top Shared Holdings
| Stock | Weight in FLCG | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.20% | 15.71% | 0.51% |
| GOOGLAlphabet Inc | 11.70% | 10.15% | 1.55% |
| AAPLApple, Inc | 7.97% | 7.05% | 0.92% |
| MSFTMicrosoft Corp | 4.54% | 7.15% | 2.61% |
| AVGOBroadcom Inc | 3.10% | 5.98% | 2.88% |
| LLYEli Lilly & Co. | 2.37% | 3.86% | 1.49% |
| MUMicron Technology, Inc. | 2.76% | 3.02% | 0.26% |
| TSLATesla Inc | 3.00% | 2.24% | 0.76% |
| METAMeta Platforms Inc | 2.88% | 2.09% | 0.79% |
| ANETArista Networks Inc. | 2.58% | 2.29% | 0.29% |
87.8% of NUGO 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, FLCG or NUGO?
FLCG has an expense ratio of 0.39% while NUGO charges 0.50%. FLCG is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FLCG or NUGO?
Over the past year FLCG returned +9.89% vs +11.31% for NUGO, so NUGO leads on 1-year performance. Over the longest common window we track (2 years), FLCG annualized +16.84% vs +16.19% for NUGO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCG or NUGO?
NUGO has been the more volatile fund at 16.6% annualized versus 15.3% for FLCG. Worst drawdown: FLCG -22.9% vs NUGO -25.1%.
Should I hold both FLCG and NUGO?
FLCG and NUGO 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 FLCG and NUGO?
87.8% of NUGO's money is in holdings FLCG also owns. 87.8% of NUGO's is in holdings FLCG also owns. They hold 30 positions in common, counted across the 100 positions we hold weights for in FLCG and 43 in NUGO.
Which pays a higher dividend, FLCG or NUGO?
FLCG yields 0.04% while NUGO yields 0.00%, so FLCG currently pays the higher dividend yield.
Is NUGO better than FLCG?
FLCG has a lower expense ratio. FLCG led over the full window, NUGO over 1Y. The two have moved almost in lockstep, correlation 0.94. FLCG is less concentrated, with 56.5% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.