FHLC vs. FELG
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity Enhanced Large Cap Growth ETF (FELG).
FHLC and FELG 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. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.
Performance
FHLC vs. FELG - Performance Comparison
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FHLC vs. FELG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | -4.97% | 15.42% | 2.48% | 7.25% |
FELG Fidelity Enhanced Large Cap Growth ETF | -10.02% | 18.44% | 35.45% | 4.20% |
Returns By Period
In the year-to-date period, FHLC achieves a -4.97% return, which is significantly higher than FELG's -10.02% return.
FHLC
- 1D
- 2.28%
- 1M
- -7.46%
- YTD
- -4.97%
- 6M
- 5.95%
- 1Y
- 4.53%
- 3Y*
- 6.14%
- 5Y*
- 5.07%
- 10Y*
- 9.60%
FELG
- 1D
- 3.91%
- 1M
- -5.12%
- YTD
- -10.02%
- 6M
- -8.66%
- 1Y
- 19.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FHLC vs. FELG - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than FELG's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FHLC vs. FELG — Risk / Return Rank
FHLC
FELG
FHLC vs. FELG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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.
| FHLC | FELG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.87 | -0.61 |
Sortino ratioReturn per unit of downside risk | 0.48 | 1.40 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.20 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.22 | -0.71 |
Martin ratioReturn relative to average drawdown | 1.08 | 4.23 | -3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHLC | FELG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.87 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.94 | -0.33 |
Correlation
The correlation between FHLC and FELG is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FHLC vs. FELG - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.44%, more than FELG's 0.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.44% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
FELG Fidelity Enhanced Large Cap Growth ETF | 0.41% | 0.38% | 0.44% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHLC vs. FELG - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, which is greater than FELG's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FHLC and FELG.
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Drawdown Indicators
| FHLC | FELG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -23.89% | -4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -16.17% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | — | — |
Current DrawdownCurrent decline from peak | -7.99% | -12.90% | +4.91% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -3.56% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 4.67% | +0.37% |
Volatility
FHLC vs. FELG - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 5.14%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 6.85%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLC | FELG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 6.85% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 12.41% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 22.58% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 20.24% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 20.24% | -3.42% |