FLCG vs SPY
Federated Hermes MDT Large Cap Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLCG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. SPY is less concentrated, with 38.2% 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 | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $687M | $823.2B |
| Dividend Yield | 0.04% | 0.99% |
| Holdings | 208 | 1,515 |
| YTD Return | +7.29% | +13.53%Best |
| 1Y Return | +9.89% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 15.3% | 11.9%Best |
| Max Drawdown | -22.9% | -18.8%Best |
| $10,000 over 2.2 years | $14,083 | $14,328Best |
| Top 10 Weight | 56.5% | 38.2%Best |
| Fund Family | Federated Hermes | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jul 30, 2024 | Jan 22, 1993 |
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 SPY 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 SPY Performance
Federated Hermes MDT Large Cap Growth ETF (FLCG) is an ETF from Federated Hermes and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FLCG returned +9.89% while SPY returned +17.47%. Year to date, FLCG is up 7.29% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLCG has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.9% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, FLCG currently yields 0.04% against 0.99% for SPY.
Holdings Overlap
89.1% of FLCG's money is in holdings SPY also owns. 49.3% of SPY's money is in holdings FLCG also owns.
Most of FLCG is already inside SPY. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 100 positions we hold weights for in FLCG and 504 in SPY, against full books of 208 and 1,515.
What only one of them owns
Our book lists 433 positions for SPY that do not appear in our book for FLCG (49.8% of the fund), and 32 for FLCG that do not appear in SPY (10.2%).
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 FLCG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.20% | 7.78% | 7.42% |
| AAPLApple, Inc | 7.97% | 7.45% | 0.52% |
| GOOGLAlphabet Inc | 11.70% | 3.12% | 8.58% |
| MSFTMicrosoft Corp | 4.54% | 5.71% | 1.17% |
| AVGOBroadcom Inc | 3.10% | 2.48% | 0.62% |
| METAMeta Platforms Inc | 2.88% | 2.22% | 0.66% |
| TSLATesla Inc | 3.00% | 1.54% | 1.46% |
| AMZNAmazon.Com Inc | 0.61% | 3.78% | 3.17% |
| MUMicron Technology, Inc. | 2.76% | 1.59% | 1.17% |
| LLYEli Lilly & Co. | 2.37% | 1.37% | 1.00% |
89.1% of FLCG is already inside SPY.
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 SPY?
FLCG has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FLCG or SPY?
Over the past year FLCG returned +9.89% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLCG annualized +16.84% vs +17.76% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCG or SPY?
FLCG has been the more volatile fund at 15.3% annualized versus 11.9% for SPY. Worst drawdown: FLCG -22.9% vs SPY -18.8%.
Should I hold both FLCG and SPY?
FLCG and SPY have a monthly-return correlation of 0.92, 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 SPY?
89.1% of FLCG's money is in holdings SPY also owns. 49.3% of SPY's is in holdings FLCG also owns. They hold 63 positions in common, counted across the 100 positions we hold weights for in FLCG and 504 in SPY.
Which pays a higher dividend, FLCG or SPY?
FLCG yields 0.04% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than FLCG?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. SPY is less concentrated, with 38.2% 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.