FHLC vs. BKLC
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and BNY Mellon US Large Cap Core Equity ETF (BKLC).
FHLC and BKLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BKLC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020. Both FHLC and BKLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHLC or BKLC.
Key characteristics
| FHLC | BKLC | |
|---|---|---|
| YTD Return | 2.47% | 6.05% |
| 1Y Return | 5.10% | 25.50% |
| 3Y Return (Ann) | 3.90% | 8.33% |
| Sharpe Ratio | 0.53 | 2.14 |
| Daily Std Dev | 10.82% | 11.92% |
| Max Drawdown | -28.76% | -26.14% |
| Current Drawdown | -5.32% | -3.96% |
Correlation
The correlation between FHLC and BKLC 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.
Performance
FHLC vs. BKLC - Performance Comparison
In the year-to-date period, FHLC achieves a 2.47% return, which is significantly lower than BKLC's 6.05% 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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FHLC vs. BKLC - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is higher than BKLC's 0.00% 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
FHLC vs. BKLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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.
Dividends
FHLC vs. BKLC - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.38%, more than BKLC's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.38% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.13% | 1.37% | 1.39% | 2.06% | 1.03% | 0.20% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.35% | 1.35% | 1.64% | 1.10% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHLC vs. BKLC - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for FHLC and BKLC. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. BKLC - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 3.57%, while BNY Mellon US Large Cap Core Equity ETF (BKLC) has a volatility of 3.85%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.