Correlation
The correlation between FHCIX and FHLC is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FHCIX vs. FHLC
Compare and contrast key facts about Fidelity Advisor Health Care Fund Class I (FHCIX) and Fidelity MSCI Health Care Index ETF (FHLC).
FHCIX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FHCIX or FHLC.
Performance
FHCIX vs. FHLC - Performance Comparison
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Key characteristics
FHCIX:
-0.16
FHLC:
-0.28
FHCIX:
-0.13
FHLC:
-0.32
FHCIX:
0.98
FHLC:
0.96
FHCIX:
-0.19
FHLC:
-0.30
FHCIX:
-0.45
FHLC:
-0.70
FHCIX:
7.30%
FHLC:
7.32%
FHCIX:
18.04%
FHLC:
16.18%
FHCIX:
-44.69%
FHLC:
-28.76%
FHCIX:
-14.77%
FHLC:
-14.46%
Returns By Period
In the year-to-date period, FHCIX achieves a -5.96% return, which is significantly lower than FHLC's -3.55% return. Over the past 10 years, FHCIX has underperformed FHLC with an annualized return of 5.62%, while FHLC has yielded a comparatively higher 7.26% annualized return.
FHCIX
-5.96%
-3.92%
-12.59%
-2.78%
3.28%
2.52%
5.62%
FHLC
-3.55%
-4.75%
-9.85%
-4.52%
1.74%
5.81%
7.26%
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FHCIX vs. FHLC - Expense Ratio Comparison
FHCIX has a 0.71% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
FHCIX vs. FHLC — Risk-Adjusted Performance Rank
FHCIX
FHLC
FHCIX vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class I (FHCIX) 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.
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Dividends
FHCIX vs. FHLC - Dividend Comparison
FHCIX's dividend yield for the trailing twelve months is around 11.61%, more than FHLC's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHCIX Fidelity Advisor Health Care Fund Class I | 11.61% | 10.92% | 0.00% | 0.00% | 5.64% | 5.72% | 0.48% | 4.65% | 0.06% | 0.00% | 6.29% | 10.84% |
FHLC Fidelity MSCI Health Care Index ETF | 1.60% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% |
Drawdowns
FHCIX vs. FHLC - Drawdown Comparison
The maximum FHCIX drawdown since its inception was -44.69%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for FHCIX and FHLC.
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Volatility
FHCIX vs. FHLC - Volatility Comparison
The current volatility for Fidelity Advisor Health Care Fund Class I (FHCIX) is 6.92%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 7.51%. This indicates that FHCIX 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.
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