FESM vs. FHLC
Compare and contrast key facts about Fidelity Enhanced Small Cap ETF (FESM) and Fidelity MSCI Health Care Index ETF (FHLC).
FESM and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FESM is an actively managed fund by Fidelity. It was launched on Dec 20, 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: FESM or FHLC.
Key characteristics
| FESM | FHLC | |
|---|---|---|
| YTD Return | 24.45% | 10.17% |
| Daily Std Dev | 20.32% | 11.06% |
| Max Drawdown | -9.60% | -28.76% |
| Current Drawdown | 0.00% | -4.66% |
Correlation
The correlation between FESM and FHLC is 0.57, 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
FESM vs. FHLC - Performance Comparison
In the year-to-date period, FESM achieves a 24.45% return, which is significantly higher than FHLC's 10.17% 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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FESM vs. FHLC - Expense Ratio Comparison
FESM has a 0.28% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
FESM vs. FHLC - Risk-Adjusted Performance Comparison
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.
Not enough dataDividends
FESM vs. FHLC - Dividend Comparison
FESM's dividend yield for the trailing twelve months is around 0.60%, less than FHLC's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FESM Fidelity Enhanced Small Cap ETF | 0.60% | 0.06% | 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 | 1.35% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
FESM vs. FHLC - Drawdown Comparison
The maximum FESM drawdown since its inception was -9.60%, 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. For additional features, visit the drawdowns tool.
Volatility
FESM vs. FHLC - Volatility Comparison
Fidelity Enhanced Small Cap ETF (FESM) has a higher volatility of 7.00% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.03%. This indicates that FESM'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.