FLCG vs QQQ
Federated Hermes MDT Large Cap Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, FLCG or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% 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 | FLCG | QQQ |
|---|---|---|
| Expense Ratio | 0.39% | 0.18%Best |
| AUM | $687M | $506.1B |
| Dividend Yield | 0.04% | 0.42% |
| Holdings | 208 | 321 |
| YTD Return | +7.29% | +19.30%Best |
| 1Y Return | +9.89% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 15.3%Best | 17.6% |
| Max Drawdown | -22.9% | -22.8%Best |
| $10,000 over 2.2 years | $14,083 | $15,639Best |
| Top 10 Weight | 56.5% | 46.7%Best |
| Fund Family | Federated Hermes | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 30, 2024 | Mar 10, 1999 |
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 QQQ 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 QQQ Performance
Federated Hermes MDT Large Cap Growth ETF (FLCG) is an ETF from Federated Hermes and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLCG returned +9.89% while QQQ returned +22.47%. Year to date, FLCG is up 7.29% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLCG charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, FLCG currently yields 0.04% against 0.42% for QQQ.
Holdings Overlap
66.3% of FLCG's money is in holdings QQQ also owns. 61.8% of QQQ's money is in holdings FLCG also owns.
The two portfolios partly overlap.
30 positions in common, counted across the 100 positions we hold weights for in FLCG and 101 in QQQ, against full books of 208 and 321.
What only one of them owns
Our book lists 63 positions for QQQ that do not appear in our book for FLCG (34.4% of the fund), and 65 for FLCG that do not appear in QQQ (32.9%).
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 FLCG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.20% | 8.33% | 6.87% |
| AAPLApple, Inc | 7.97% | 7.35% | 0.62% |
| GOOGLAlphabet Inc | 11.70% | 3.05% | 8.65% |
| MSFTMicrosoft Corp | 4.54% | 5.76% | 1.22% |
| MUMicron Technology, Inc. | 2.76% | 5.02% | 2.26% |
| METAMeta Platforms Inc | 2.88% | 3.26% | 0.38% |
| TSLATesla Inc | 3.00% | 2.82% | 0.18% |
| AVGOBroadcom Inc | 3.10% | 2.53% | 0.57% |
| AMDAdvanced Micro Devices Inc | 1.26% | 4.17% | 2.91% |
| AMZNAmazon.Com Inc | 0.61% | 4.07% | 3.46% |
66.3% of FLCG is already inside QQQ.
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, FLCG or QQQ?
FLCG has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, FLCG or QQQ?
Over the past year FLCG returned +9.89% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), FLCG annualized +16.84% vs +22.54% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCG or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 15.3% for FLCG. Worst drawdown: FLCG -22.9% vs QQQ -22.8%.
Should I hold both FLCG and QQQ?
FLCG and QQQ have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLCG and QQQ?
66.3% of FLCG's money is in holdings QQQ also owns. 61.8% of QQQ'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 101 in QQQ.
Which pays a higher dividend, FLCG or QQQ?
FLCG yields 0.04% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than FLCG?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% 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.