FLCV vs QQQ
Federated Hermes MDT Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, FLCV or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. FLCV led over 1Y, QQQ over the full window. FLCV is less concentrated, with 30.6% of the fund in its ten largest positions against 47.2%.
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 | FLCV | QQQ |
|---|---|---|
| Expense Ratio | 0.32% | 0.18%Best |
| AUM | $164M | $498.6B |
| Dividend Yield | 0.69% | 0.42% |
| Holdings | 252 | 321 |
| YTD Return | +18.55% | +21.69%Best |
| 1Y Return | +24.37%Best | +24.10% |
| 3Y Return (annualized) | - | +27.05% |
| 5Y Return (annualized) | - | +16.31% |
| Volatility (annualized) | 11.6%Best | 17.5% |
| Max Drawdown | -15.9%Best | -22.8% |
| $10,000 over 2.2 years | $14,657 | $15,964Best |
| Top 10 Weight | 30.6%Best | 47.2% |
| Fund Family | Federated Hermes | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | 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 13, 2026 (2.2 years).
FLCV 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.
FLCV vs QQQ Performance
Federated Hermes MDT Large Cap Value ETF (FLCV) is an ETF from Federated Hermes and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FLCV returned +24.37% while QQQ returned +24.10%. Year to date, FLCV is up 18.55% versus a gain of 21.69% 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 17.5% compared with 11.6% for FLCV. 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 -15.9% for FLCV 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 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLCV charges 0.32% per year while QQQ charges 0.18%. On a $10,000 position that is $32 vs $18 annually, a gap of $14 per year that compounds over a long holding period. On income, FLCV currently yields 0.69% against 0.42% for QQQ.
Holdings Overlap
33.0% of FLCV's money is in holdings QQQ also owns. 44.2% of QQQ's money is in holdings FLCV also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 125 positions we hold weights for in FLCV and 102 in QQQ, against full books of 252 and 321.
What only one of them owns
Our book lists 72 positions for QQQ that do not appear in our book for FLCV (53.6% of the fund), and 101 for FLCV that do not appear in QQQ (66.9%).
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 FLCV | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.09% | 7.80% | 1.71% |
| AMZNAmazon.Com Inc | 5.75% | 4.41% | 1.34% |
| MSFTMicrosoft Corp | 4.09% | 5.88% | 1.79% |
| MUMicron Technology, Inc. | 0.30% | 4.85% | 4.55% |
| WMTWalmart, Inc. | 1.77% | 2.31% | 0.54% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.52% | 1.95% | 0.43% |
| COSTCostco Wholesale Corp. | 1.67% | 1.77% | 0.10% |
| GOOGLAlphabet Inc,class A | 0.26% | 3.15% | 2.89% |
| INTCIntel Corporation | 0.62% | 2.28% | 1.66% |
| TXNTexas Instrument Inc | 1.03% | 1.08% | 0.05% |
44.2% of QQQ is already inside FLCV.
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, FLCV or QQQ?
FLCV has an expense ratio of 0.32% while QQQ charges 0.18%. QQQ is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, FLCV or QQQ?
Over the past year FLCV returned +24.37% vs +24.10% for QQQ, so FLCV leads on 1-year performance. Over the longest common window we track (2 years), FLCV annualized +18.98% vs +23.69% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCV or QQQ?
QQQ has been the more volatile fund at 17.5% annualized versus 11.6% for FLCV. Worst drawdown: FLCV -15.9% vs QQQ -22.8%.
Should I hold both FLCV and QQQ?
FLCV and QQQ have a monthly-return correlation of 0.49, 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 FLCV and QQQ?
44.2% of QQQ's money is in holdings FLCV also owns. 44.2% of QQQ's is in holdings FLCV also owns. They hold 24 positions in common, counted across the 125 positions we hold weights for in FLCV and 102 in QQQ.
Which pays a higher dividend, FLCV or QQQ?
FLCV yields 0.69% while QQQ yields 0.42%, so FLCV currently pays the higher dividend yield.
Is QQQ better than FLCV?
QQQ has a lower expense ratio. FLCV led over 1Y, QQQ over the full window. FLCV is less concentrated, with 30.6% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.