FLCG vs SPY
FLCG vs SPY
Federated Hermes MDT Large Cap Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FLCG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $568M | $789.1B | |
| Dividend Yield | 0.05% | 1.01% | |
| Holdings | 99 | 505 | |
| YTD Return | +7.23% | +13.79% | |
| 1Y Return | +13.48% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 15.9% | 15.3% | |
| Max Drawdown | -22.9% | -56.5% | |
| Fund Family | Federated Hermes | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 30, 2024 | Jan 22, 1993 |
FLCG vs SPY Performance
Federated Hermes MDT Large Cap Growth ETF (FLCG) is a ETF from Federated Hermes and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FLCG returned +13.48% while SPY returned +23.66%. Year to date, FLCG is up 7.23% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
FLCG has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.93. 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 0.05% against 1.01% for SPY.
Holdings Overlap
FLCG and SPY share 70 holdings out of 534 unique holdings combined, representing a 43.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLCG | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 13.53% | 7.31% | 6.22% |
| AAPL | 12.38% | 7.09% | 5.29% |
| MSFT | 7.91% | 4.43% | 3.48% |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings FLCG shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $30 per year of difference.
Which performed better, FLCG or SPY?
Over the past year FLCG returned +13.48% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLCG annualized +18.50% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FLCG or SPY?
FLCG has been the more volatile fund at 15.9% annualized versus 15.3% for SPY. Worst drawdown: FLCG -22.9% vs SPY -56.5%.
Should I hold both FLCG and SPY?
FLCG and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLCG and SPY?
FLCG and SPY share 70 common holdings with a 43.5% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, FLCG or SPY?
FLCG yields 0.05% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.