- ISIN
- US3160926008
- CUSIP
- 316092600
- Issuer
- Fidelity
- Inception Date
- Oct 21, 2013
- Region
- North America (U.S.)
- Category
- Health & Biotech Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA IMI Health Care Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Highlights
- Avg. Volume (1M)
- 236K
- Avg. Volume Value (1M)
- $18.62M
Share Price Chart
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Performance
FHLC Performance Chart
Fidelity MSCI Health Care Index ETF (FHLC) is up 6.8% since the beginning of the year. FHLC is currently trading at $79 per share. Investors who bought $1,000 worth of FHLC shares 5 years ago would now be looking at an investment worth $1,279.
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Returns By Period
Fidelity MSCI Health Care Index ETF (FHLC) has returned 6.75% so far this year and 27.92% over the past 12 months. Over the last ten years, FHLC has returned 9.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Fidelity MSCI Health Care Index ETF
- 1D
- -0.87%
- 1M
- -1.15%
- 6M
- 6.97%
- YTD
- 6.75%
- 1Y
- 27.92%
- 3Y*
- 9.06%
- 5Y*
- 5.04%
- 10Y*
- 9.78%
- ALL TIME*
- 10.72%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FHLC Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2013, FHLC's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 62% of months were positive and 38% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.20% | 2.90% | -7.46% | 0.06% | 2.63% | 7.31% | 1.94% | 6.75% | |||||
| 2025 | 6.86% | 0.30% | -2.10% | -3.50% | -4.75% | 2.25% | -2.75% | 5.60% | 2.22% | 4.13% | 8.93% | -1.71% | 15.42% |
| 2024 | 2.33% | 3.32% | 2.36% | -5.32% | 2.27% | 1.90% | 3.13% | 4.83% | -1.51% | -4.37% | 0.83% | -6.54% | 2.48% |
| 2023 | -0.73% | -4.53% | 1.78% | 3.06% | -4.01% | 4.18% | 1.01% | -1.08% | -3.61% | -3.86% | 5.70% | 5.45% | 2.58% |
| 2022 | -7.92% | -0.98% | 5.24% | -6.11% | 0.94% | -2.16% | 3.97% | -5.31% | -3.13% | 8.73% | 4.61% | -2.13% | -5.55% |
| 2021 | 2.32% | -1.84% | 2.01% | 4.05% | 0.86% | 3.31% | 3.69% | 2.32% | -5.36% | 4.37% | -3.87% | 7.61% | 20.39% |
Benchmark Metrics
Fidelity MSCI Health Care Index ETF has an annualized alpha of 1.60%, beta of 0.78, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since October 24, 2013.
- This ETF participated in 84.02% of S&P 500 Index downside but only 82.02% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.60%
- Beta
- 0.78
- R²
- 0.63
- Upside Capture
- 82.02%
- Downside Capture
- 84.02%
Expense Ratio
FHLC has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
FHLC ranks 75 for risk / return — above 75% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHLC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.00 | +0.75 |
| Martin ratioReturn relative to average drawdown | 6.86 | 8.49 | -1.63 |
Dividends
Dividend History
Fidelity MSCI Health Care Index ETF provided a 1.30% dividend yield over the last twelve months, with an annual payout of $1.02 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.02 | $1.04 | $0.99 | $0.90 | $0.83 | $0.80 | $0.84 | $0.59 | $0.57 | $0.55 | $0.46 | $0.72 |
Dividend yield | 1.30% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 | $0.00 | $0.49 | |||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.27 | $1.04 |
| 2024 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.26 | $0.99 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.90 |
| 2022 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.19 | $0.83 |
| 2021 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.22 | $0.80 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 2.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-28.76%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 | COVID crash2020 |
-20.42%Feb 2016 | 6mo 25d | 1y 3mo | 1y 10moJul 2015 - Jun 2017 | — |
-17.73%Jun 2022 | 5mo 17d | 1y 7mo | 2y 1moDec 2021 - Feb 2024 | Bear market2022 |
-17.02%Dec 2018 | 2mo 23d | 10mo 26d | 1y 1moOct 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-16.87%May 2025 | 7mo 29d | 6mo 2d | 1y 1moSep 2024 - Nov 2025 | 2025 selloff2025 |
Drawdown Indicators
| FHLC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -56.78% | +28.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.10% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -18.90% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -25.43% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | -33.92% | +5.16% |
Current DrawdownCurrent decline from peak | -2.78% | -1.58% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -10.70% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.14% | +2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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