FHLC vs. COST
FHLC (Fidelity MSCI Health Care Index ETF) is Health & Biotech Equities fund tracking the MSCI USA IMI Health Care Index, while COST (Costco Wholesale Corporation) is a stock. Over the past 10 years, FHLC returned 9.68%/yr vs 20.81%/yr for COST. At a 0.41 correlation, their price movements are largely independent.
Performance
FHLC vs. COST - Performance Comparison
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Returns By Period
In the year-to-date period, FHLC achieves a 4.96% return, which is significantly lower than COST's 8.82% return. Over the past 10 years, FHLC has underperformed COST with an annualized return of 9.68%, while COST has yielded a comparatively higher 20.81% annualized return.
FHLC
- 1D
- -1.22%
- 1M
- 7.21%
- 6M
- 4.29%
- YTD
- 4.96%
- 1Y
- 25.39%
- 3Y*
- 7.75%
- 5Y*
- 5.05%
- 10Y*
- 9.68%
- ALL TIME*
- 10.60%
COST
- 1D
- -0.54%
- 1M
- -1.64%
- 6M
- -2.61%
- YTD
- 8.82%
- 1Y
- -1.04%
- 3Y*
- 20.42%
- 5Y*
- 18.94%
- 10Y*
- 20.81%
- ALL TIME*
- 16.93%
FHLC vs. COST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 4.96% | 15.42% | 2.48% | 2.58% | -5.55% | 20.39% | 18.13% | 21.94% | 4.71% | 23.34% |
COST Costco Wholesale Corporation | 8.82% | -5.39% | 39.62% | 49.00% | -19.05% | 51.82% | 32.67% | 45.70% | 10.60% | 22.37% |
Correlation
The correlation between FHLC and COST is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.41 |
Over the past year, the correlation between FHLC and COST has dropped to 0.11 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
FHLC vs. COST — Risk / Return Rank
FHLC
COST
FHLC vs. COST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Costco Wholesale Corporation (COST). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHLC | COST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.01 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -0.06 | +2.52 |
| Martin ratioReturn relative to average drawdown | 6.06 | -0.14 | +6.21 |
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Drawdowns
FHLC vs. COST - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum COST drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for FHLC and COST.
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Drawdown Indicators
| FHLC | COST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -53.39% | +24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -16.57% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -20.74% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -31.40% | +13.67% |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | -31.40% | +2.64% |
Current DrawdownCurrent decline from peak | -3.39% | -14.49% | +11.10% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -13.36% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 7.38% | -3.18% |
Volatility
FHLC vs. COST - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 5.87%, while Costco Wholesale Corporation (COST) has a volatility of 7.25%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLC | COST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 7.25% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 14.98% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 19.74% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 22.90% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 22.02% | -5.15% |
Dividends
FHLC vs. COST - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.32%, more than COST's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.57% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
FHLC Fidelity MSCI Health Care Index ETF | 1.32% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
Frequently Asked Questions
FHLC and COST have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COST has higher volatility (7.25%) compared to FHLC (5.87%). In terms of maximum drawdown, FHLC dropped -28.76% vs COST's -53.39%.
FHLC currently has the higher Sharpe Ratio (1.66 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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