FHLC vs. FLDR
FHLC (Fidelity MSCI Health Care Index ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - FHLC is a Health & Biotech Equities fund tracking the MSCI USA IMI Health Care Index, while FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index. Both are passively managed. Over the past 5 years, FHLC returned 4.76%/yr vs 3.70%/yr for FLDR. At a 0.06 correlation, their price movements are largely independent. FHLC charges 0.08%/yr vs 0.15%/yr for FLDR.
Performance
FHLC vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, FHLC achieves a 0.03% return, which is significantly lower than FLDR's 1.58% return.
FHLC
- 1D
- -0.13%
- 1M
- 4.40%
- YTD
- 0.03%
- 6M
- 0.58%
- 1Y
- 15.99%
- 3Y*
- 7.18%
- 5Y*
- 4.76%
- 10Y*
- 9.76%
FLDR
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.74%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
FHLC vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 0.03% | 15.42% | 2.48% | 2.58% | -5.55% | 20.39% | 18.13% | 21.94% | -0.88% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.58% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
Correlation
The correlation between FHLC and FLDR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.06 |
The correlation between FHLC and FLDR shifts across timeframes, from 0.06 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FHLC vs. FLDR — Risk / Return Rank
FHLC
FLDR
FHLC vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity Low Duration Bond Factor ETF (FLDR). 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 | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.81 | ||
| Sortino ratioReturn per unit of downside risk | -8.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.73 | -1.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 10.19 | -8.65 |
| Martin ratioReturn relative to average drawdown | 3.86 | 69.63 | -65.77 |
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Drawdowns
FHLC vs. FLDR - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FHLC and FLDR.
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Drawdown Indicators
| FHLC | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -12.23% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -0.47% | -9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -0.76% | -16.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -2.33% | -15.40% |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | — | — |
Current DrawdownCurrent decline from peak | -3.15% | 0.00% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -0.35% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 0.07% | +4.09% |
Volatility
FHLC vs. FLDR - Volatility Comparison
Fidelity MSCI Health Care Index ETF (FHLC) has a higher volatility of 4.87% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.20%. This indicates that FHLC's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLC | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 0.20% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 0.59% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 0.81% | +13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 1.21% | +13.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 5.25% | +11.59% |
FHLC vs. FLDR - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than FLDR's 0.15% 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%.
Dividends
FHLC vs. FLDR - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.37%, less than FLDR's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.37% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
FLDR Fidelity Low Duration Bond Factor ETF | 4.42% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHLC and FLDR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHLC has higher volatility (4.87%) compared to FLDR (0.20%). In terms of maximum drawdown, FHLC dropped -28.76% vs FLDR's -12.23%.
On 5-year performance, FHLC leads with 4.76% vs 3.70% for FLDR. On fees, FHLC is cheaper at 0.08% per year. On volatility, FLDR has been the lower-risk option at 0.20%. 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 4.76% return vs 3.70%. 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 0.15% for FLDR.
FLDR has the higher dividend yield at 4.42%, compared with 1.37% for FHLC.
FHLC is categorized as Health & Biotech Equities, while FLDR is Corporate Bonds. FHLC tracks MSCI USA IMI Health Care Index, while FLDR tracks Fidelity Low Duration Investment Grade Factor Index. Their fees differ too: 0.08% for FHLC and 0.15% for FLDR.
FLDR currently has the higher Sharpe Ratio (5.90 vs 1.09), 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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