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.
Correlation
The correlation between FHLC and BKLC is 0.69, 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
FHLC vs. BKLC - Performance Comparison
Key characteristics
FHLC:
0.24
BKLC:
1.91
FHLC:
0.42
BKLC:
2.59
FHLC:
1.05
BKLC:
1.35
FHLC:
0.23
BKLC:
2.92
FHLC:
0.60
BKLC:
12.04
FHLC:
4.76%
BKLC:
2.04%
FHLC:
11.72%
BKLC:
12.85%
FHLC:
-28.76%
BKLC:
-26.14%
FHLC:
-5.37%
BKLC:
-0.37%
Returns By Period
In the year-to-date period, FHLC achieves a 6.70% return, which is significantly higher than BKLC's 4.37% return.
FHLC
6.70%
2.82%
-3.81%
3.10%
8.14%
8.80%
BKLC
4.37%
1.25%
11.36%
25.38%
N/A
N/A
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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 Rank
FHLC
BKLC
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 1.42%, more than BKLC's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.42% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.17% | 1.22% | 1.35% | 1.64% | 1.10% | 0.84% | 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
Fidelity MSCI Health Care Index ETF (FHLC) has a higher volatility of 3.65% compared to BNY Mellon US Large Cap Core Equity ETF (BKLC) at 2.96%. This indicates that FHLC's price experiences larger fluctuations and is considered to be riskier than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.