FHLC vs. FIGB
FHLC (Fidelity MSCI Health Care Index ETF) and FIGB (Fidelity Investment Grade Bond ETF) are both exchange-traded funds - FHLC is a Health & Biotech Equities fund tracking the MSCI USA IMI Health Care Index, while FIGB is a Intermediate Core Bond fund actively managed by Fidelity. FHLC is passively managed, while FIGB is actively managed. Over the past 5 years, FHLC returned 4.50%/yr vs 0.24%/yr for FIGB. At a 0.20 correlation, their price movements are largely independent. FHLC charges 0.08%/yr vs 0.36%/yr for FIGB.
Performance
FHLC vs. FIGB - Performance Comparison
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Returns By Period
In the year-to-date period, FHLC achieves a -3.90% return, which is significantly lower than FIGB's 0.14% return.
FHLC
- 1D
- 0.82%
- 1M
- 1.50%
- YTD
- -3.90%
- 6M
- -4.11%
- 1Y
- 14.43%
- 3Y*
- 6.14%
- 5Y*
- 4.50%
- 10Y*
- 9.14%
FIGB
- 1D
- -0.14%
- 1M
- 0.11%
- YTD
- 0.14%
- 6M
- 0.08%
- 1Y
- 4.93%
- 3Y*
- 4.09%
- 5Y*
- 0.24%
- 10Y*
- —
FHLC vs. FIGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | -3.90% | 15.42% | 2.48% | 2.58% | -5.55% | 23.56% |
FIGB Fidelity Investment Grade Bond ETF | 0.14% | 6.95% | 1.51% | 6.65% | -13.43% | 1.77% |
Correlation
The correlation between FHLC and FIGB is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021 | 0.20 |
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Return for Risk
FHLC vs. FIGB — Risk / Return Rank
FHLC
FIGB
FHLC vs. FIGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity Investment Grade Bond ETF (FIGB). 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 | FIGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.69 | -0.29 |
| Martin ratioReturn relative to average drawdown | 3.52 | 5.25 | -1.73 |
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 | FIGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.19 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.04 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.07 | +0.54 |
Drawdowns
FHLC vs. FIGB - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, which is greater than FIGB's maximum drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for FHLC and FIGB.
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Drawdown Indicators
| FHLC | FIGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -18.08% | -10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -2.93% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -6.17% | -10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -18.08% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | — | — |
Current DrawdownCurrent decline from peak | -6.96% | -1.60% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -6.92% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 0.94% | +3.17% |
Volatility
FHLC vs. FIGB - Volatility Comparison
Fidelity MSCI Health Care Index ETF (FHLC) has a higher volatility of 4.05% compared to Fidelity Investment Grade Bond ETF (FIGB) at 1.42%. This indicates that FHLC's price experiences larger fluctuations and is considered to be riskier than FIGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLC | FIGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 1.42% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 2.87% | +7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 4.16% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 6.28% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 6.17% | +10.64% |
FHLC vs. FIGB - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than FIGB's 0.36% expense ratio.
Dividends
FHLC vs. FIGB - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.43%, less than FIGB's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.43% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
FIGB Fidelity Investment Grade Bond ETF | 4.11% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHLC and FIGB have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHLC has higher volatility (4.05%) compared to FIGB (1.42%). In terms of maximum drawdown, FHLC dropped -28.76% vs FIGB's -18.08%.
On 5-year performance, FHLC leads with 4.50% vs 0.24% for FIGB. On fees, FHLC is cheaper at 0.08% per year. On volatility, FIGB has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FHLC has performed better with a 4.50% return vs 0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FHLC is cheaper with a 0.08% expense ratio, compared with 0.36% for FIGB.
FIGB has the higher dividend yield at 4.11%, compared with 1.43% for FHLC.
FHLC is categorized as Health & Biotech Equities, while FIGB is Intermediate Core Bond. Their fees differ too: 0.08% for FHLC and 0.36% for FIGB.
FIGB currently has the higher Sharpe Ratio (1.19 vs 1.01), 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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