Short answer
Both are dongles, both at $99.
The ddHiFi TC44 Pro E2 reaches 100 dB on 565 of the 567 models here, the HiBy FC4 on 561.
| Specification | ddHiFi TC44 Pro E2 | HiBy FC4 |
|---|---|---|
| Power into 32Ω | 250 mW | 110 mW |
| Power into 150Ω | 53 mW | 23 mW |
| Power into 300Ω | 27 mW | 12 mW |
| Power into 600Ω | 13 mW | 5.9 mW |
| Output impedance | not published | not published |
| Output noise | not published | 1.7 µV |
| Price | $99 | $99 |
| Headphones it reaches 100 dB on out of 567 | 565 | 561 |
Not published means the maker leaves it out, so that axis cannot be compared.
| Balanced | ddHiFi TC44 Pro E2 | HiBy FC4 |
|---|---|---|
| Socket | no separate rating | 4.4mm |
| Power into 32Ω | — | 340 mW |
| Power into 300Ω | — | 36 mW derived |
| Output impedance | — | not published |
| Output noise | — | 2.2 µV |
| Headphones it reaches 100 dB on out of 567 | — | 565 |
Only the HiBy FC4 has a separate balanced rating from its maker; through it, it reaches 100 dB on 565 of the 567 models here. The ddHiFi TC44 Pro E2 may still have a balanced socket — its spec sheet simply gives no figure for one, so there is nothing to put beside it. Derived figures are worked out from the loads the maker did publish.
| Load | ddHiFi TC44 Pro E2 | HiBy FC4 |
|---|---|---|
| 32 Ω | Published | Published |
| 150 Ω | Derived | Derived |
| 300 Ω | Derived | Derived |
| 600 Ω | Derived | Derived |
Both makers publish a power rating. ddHiFi TC44 Pro E2 publishes at 32 Ω; HiBy FC4 at 32 Ω. The other rows are worked out from those.
The two publish at the same loads, which is the one case where the rows of this table can be read straight across.
4 headphones reach 100 dB on the ddHiFi TC44 Pro E2 but not on the HiBy FC4 — Moondrop COSMO, Symphonium Crimson, Symphonium Helios, 1 more.
561 of the 567 models here reach 100 dB on both.
Headroom is at a 100 dB SPL peak.
The widest gap on the list is the Sennheiser HD 600: ddHiFi TC44 Pro E2 has +6 dB of headroom there against +2 dB. 4 dB is about 2.3 times the power, which matters for peaks rather than for how loud the music sits.
The hiss columns are empty for ddHiFi TC44 Pro E2 because that maker publishes no output noise figure.
| Headphone | Impedance | Needs | ddHiFi TC44 Pro E2 headroom | HiBy FC4 headroom | ddHiFi TC44 Pro E2 hiss | HiBy FC4 hiss |
|---|---|---|---|---|---|---|
| Shure SE846 | 9 Ω | 0.04 mW | +32 dB | +29 dB | not published | 19 dB |
| Campfire Audio Andromeda 2020 | 9 Ω | 4.0 mW | +12 dB | +9 dB | not published | -1 dB |
| Audeze LCD-2 Classic | 70 Ω | 0.79 mW | +22 dB | +18 dB | not published | -3 dB |
| Beyerdynamic DT 1990 Pro (250Ω) | 250 Ω | 0.63 mW | +17 dB | +13 dB | not published | -7 dB |
| HiFiMAN HE400se | 25 Ω | 7.9 mW | +14 dB | +10 dB | not published | -8 dB |
| Audio-Technica ATH-R70X | 470 Ω | 1.6 mW | +10 dB | +7 dB | not published | -14 dB |
| Sennheiser HD 600 | 300 Ω | 6.6 mW | +6 dB | +2 dB | not published | -18 dB |
| HiFiMAN Susvara | 60 Ω | 50 mW | +4 dB | +1 dB | not published | -20 dB |
These two cost the same, $99, so price settles nothing. Out of the 567 models here, the ddHiFi TC44 Pro E2 drives 4 models to 100 dB — and on the other side there is no such advantage at all.
Only published figures count here; blank axes are counted separately.
Each in full: ddHiFi TC44 Pro E2 and HiBy FC4.