FESM vs. FHLC

In the year-to-date period, FESM achieves a -5.53% return, which is significantly lower than FHLC's -3.55% return.

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FESM has a 0.28% expense ratio, which is higher than FHLC's 0.08% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Small Cap ETF (FESM) 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.

The current FESM Sharpe Ratio is 0.23, which is higher than the FHLC Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of FESM and FHLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FESM's dividend yield for the trailing twelve months is around 1.45%, less than FHLC's 1.60% yield.

The maximum FESM drawdown since its inception was -26.93%, smaller than the maximum FHLC drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for FESM and FHLC.

The current volatility for Fidelity Enhanced Small Cap ETF (FESM) is 6.30%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 7.51%. This indicates that FESM experiences smaller price fluctuations and is considered to be less risky than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.