Fidelity MSCI Health Care Index ETF (FHLC)

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The chart shows the growth of an initial investment of $10,000 in Fidelity MSCI Health Care Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity MSCI Health Care Index ETF (FHLC) has returned -4.97% so far this year and 4.53% over the past 12 months. Over the last ten years, FHLC has returned 9.60% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 24, 2013, FHLC's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, your investment would double in approximately 6.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +13.3%, while the worst month was Dec 2018 at -9.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FHLC closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -9.4%.

Fidelity MSCI Health Care Index ETF has an annualized alpha of 1.61%, beta of 0.79, and R² of 0.66 versus S&P 500 Index. Calculated based on daily prices since October 25, 2013.

• This ETF participated in 88.82% of S&P 500 Index downside but only 86.62% of its upside — more exposed to losses than it benefited from rallies.

FHLC has an expense ratio of 0.08%, which is considered low.

FHLC ranks 19 for risk / return — in the bottom 19% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity MSCI Health Care Index ETF provided a 1.44% dividend yield over the last twelve months, with an annual payout of $1.01 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Fidelity MSCI Health Care Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity MSCI Health Care Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity MSCI Health Care Index ETF was 28.76%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.

The current Fidelity MSCI Health Care Index ETF drawdown is 7.99%.

The chart below shows the rolling one-month volatility.