FSCC vs GSC
Federated Hermes MDT Small Cap Core ETF vs Goldman Sachs Small Cap Equity ETF
Which is better, FSCC or GSC?
Each has led over a different period.
FSCC has a lower expense ratio. FSCC led over the full window, GSC over 1Y. The two have moved almost in lockstep, correlation 0.94. FSCC is less concentrated, with 11.8% of the fund in its ten largest positions against 16.3%.
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 | FSCC | GSC |
|---|---|---|
| Expense Ratio | 0.36%Best | 0.75% |
| AUM | $427M | $286M |
| Dividend Yield | 0.24% | 0.22% |
| Holdings | 622 | 197 |
| YTD Return | +10.38% | +10.48%Best |
| 1Y Return | +12.30% | +14.01%Best |
| 3Y Return (annualized) | - | +14.86% |
| Volatility (annualized) | 18.4%Best | 18.6% |
| Max Drawdown | -27.2% | -27.0%Best |
| $10,000 over 2.2 years | $13,065Best | $11,641 |
| Top 10 Weight | 11.8%Best | 16.3% |
| Fund Family | Federated Hermes | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Jul 30, 2024 | Oct 3, 2023 |
Not shown on this pair: 5Y Return (annualized).
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).
FSCC vs GSC 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.
FSCC vs GSC Performance
Federated Hermes MDT Small Cap Core ETF (FSCC) is an ETF from Federated Hermes and Goldman Sachs Small Cap Equity ETF (GSC) is an ETF from Goldman Sachs Asset Management. Over the past year FSCC returned +12.30% while GSC returned +14.01%. Year to date, FSCC is up 10.38% versus a gain of 10.48% for GSC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSC has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 18.4% for FSCC. 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 -27.2% for FSCC and -27.0% for GSC. 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
FSCC charges 0.36% per year while GSC charges 0.75%. On a $10,000 position that is $36 vs $75 annually, a gap of $39 per year that compounds over a long holding period. On income, FSCC currently yields 0.24% against 0.22% for GSC.
Holdings Overlap
5.0% of FSCC's money is in holdings GSC also owns. 21.6% of GSC's money is in holdings FSCC also owns.
GSC and FSCC share little of their money.
20 positions in common, counted across the 310 positions we hold weights for in FSCC and 98 in GSC, against full books of 622 and 197.
What only one of them owns
Our book lists 71 positions for GSC that do not appear in our book for FSCC (72.8% of the fund), and 269 for FSCC that do not appear in GSC (90.1%).
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 FSCC | Weight in GSC | Difference |
|---|---|---|---|
| SKWDSkyward Specialty Insurance Group Inc | 0.66% | 1.51% | 0.85% |
| GKOSGlaukos Corp Common Stock Usd 0.001 | 0.37% | 1.77% | 1.40% |
| CMCCommercial Metals Co | 0.53% | 1.20% | 0.67% |
| COHUCohu Inc | 0.17% | 1.44% | 1.27% |
| RNSTRenasant Corp Common Stock Usd5.0 | 0.09% | 1.50% | 1.41% |
| GFFGriffon Corp. | 0.33% | 1.25% | 0.92% |
| FORMFormfactor, Inc. | 0.21% | 1.30% | 1.09% |
| MYRGMyr Group Inc | 0.62% | 0.85% | 0.23% |
| FROGJfrog Ltd | 0.07% | 1.39% | 1.32% |
| KRYSKrystal Biotech Inc | 0.21% | 1.21% | 1.00% |
21.6% of GSC is already inside FSCC.
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, FSCC or GSC?
FSCC has an expense ratio of 0.36% while GSC charges 0.75%. FSCC is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, FSCC or GSC?
Over the past year FSCC returned +12.30% vs +14.01% for GSC, so GSC leads on 1-year performance. Over the longest common window we track (2 years), FSCC annualized +12.92% vs +7.15% for GSC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSCC or GSC?
GSC has been the more volatile fund at 18.6% annualized versus 18.4% for FSCC. Worst drawdown: FSCC -27.2% vs GSC -27.0%.
Should I hold both FSCC and GSC?
FSCC and GSC 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 FSCC and GSC?
21.6% of GSC's money is in holdings FSCC also owns. 21.6% of GSC's is in holdings FSCC also owns. They hold 20 positions in common, counted across the 310 positions we hold weights for in FSCC and 98 in GSC.
Which pays a higher dividend, FSCC or GSC?
FSCC yields 0.24% while GSC yields 0.22%, so FSCC currently pays the higher dividend yield.
Is GSC better than FSCC?
FSCC has a lower expense ratio. FSCC led over the full window, GSC over 1Y. The two have moved almost in lockstep, correlation 0.94. FSCC is less concentrated, with 11.8% of the fund in its ten largest positions against 16.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.