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.
Performance
FELC vs. FHLC - Performance Comparison
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FELC vs. FHLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | -4.71% | 17.09% | 25.25% | 5.68% |
FHLC Fidelity MSCI Health Care Index ETF | -4.97% | 15.42% | 2.48% | 7.25% |
Returns By Period
In the year-to-date period, FELC achieves a -4.71% return, which is significantly higher than FHLC's -4.97% return.
FELC
- 1D
- 2.92%
- 1M
- -4.96%
- YTD
- -4.71%
- 6M
- -2.19%
- 1Y
- 17.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHLC
- 1D
- 2.28%
- 1M
- -7.46%
- YTD
- -4.97%
- 6M
- 5.95%
- 1Y
- 4.53%
- 3Y*
- 6.14%
- 5Y*
- 5.07%
- 10Y*
- 9.60%
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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%.
Return for Risk
FELC vs. FHLC — Risk / Return Rank
FELC
FHLC
FELC vs. FHLC - Risk-Adjusted Trends 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.
| FELC | FHLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.26 | +0.70 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.48 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.51 | +0.99 |
Martin ratioReturn relative to average drawdown | 7.02 | 1.08 | +5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FELC | FHLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.26 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.61 | +0.57 |
Correlation
The correlation between FELC and FHLC is 0.49, 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.
Dividends
FELC vs. FHLC - Dividend Comparison
FELC's dividend yield for the trailing twelve months is around 0.99%, less than FHLC's 1.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 0.99% | 0.92% | 1.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHLC Fidelity MSCI Health Care Index ETF | 1.44% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
Drawdowns
FELC vs. FHLC - Drawdown Comparison
The maximum FELC drawdown since its inception was -18.59%, 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.
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Drawdown Indicators
| FELC | FHLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -28.76% | +10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -10.38% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.76% | — |
Current DrawdownCurrent decline from peak | -6.43% | -7.99% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -5.16% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 5.04% | -2.48% |
Volatility
FELC vs. FHLC - Volatility Comparison
Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity MSCI Health Care Index ETF (FHLC) have volatilities of 5.29% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FELC | FHLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.14% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 10.26% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 17.61% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 14.85% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 16.82% | -1.40% |