FELC vs. FHLC
Compare and contrast key facts about Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity MSCI Health Care Index ETF (FHLC).
FELC and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007. FHLC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Health Care Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELC or FHLC.
Key characteristics
| FELC | FHLC | |
|---|---|---|
| YTD Return | 27.33% | 9.25% |
| Daily Std Dev | 12.06% | 10.95% |
| Max Drawdown | -8.70% | -28.76% |
| Current Drawdown | -0.33% | -5.46% |
Correlation
The correlation between FELC and FHLC is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FELC vs. FHLC - Performance Comparison
In the year-to-date period, FELC achieves a 27.33% return, which is significantly higher than FHLC's 9.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FELC vs. FHLC - Expense Ratio Comparison
FELC has a 0.18% expense ratio, which is higher than FHLC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FELC vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity MSCI Health Care Index ETF (FHLC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
FELC vs. FHLC - Dividend Comparison
FELC's dividend yield for the trailing twelve months is around 0.76%, less than FHLC's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 0.76% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHLC Fidelity MSCI Health Care Index ETF | 1.36% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
FELC vs. FHLC - Drawdown Comparison
The maximum FELC drawdown since its inception was -8.70%, smaller than the maximum FHLC drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for FELC and FHLC. For additional features, visit the drawdowns tool.
Volatility
FELC vs. FHLC - Volatility Comparison
Fidelity Enhanced Large Cap Core ETF (FELC) has a higher volatility of 3.69% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.01%. This indicates that FELC's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.