FHLC vs. FSHCX
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity Select Health Care Services Portfolio (FSHCX).
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. FSHCX is managed by Fidelity. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHLC or FSHCX.
Key characteristics
| FHLC | FSHCX | |
|---|---|---|
| YTD Return | 2.91% | -5.57% |
| 1Y Return | 6.27% | -0.78% |
| 3Y Return (Ann) | 4.04% | 1.13% |
| 5Y Return (Ann) | 10.27% | 11.46% |
| 10Y Return (Ann) | 10.91% | 11.90% |
| Sharpe Ratio | 0.51 | -0.10 |
| Daily Std Dev | 10.81% | 15.61% |
| Max Drawdown | -28.76% | -57.77% |
| Current Drawdown | -4.92% | -10.02% |
Correlation
The correlation between FHLC and FSHCX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FHLC vs. FSHCX - Performance Comparison
In the year-to-date period, FHLC achieves a 2.91% return, which is significantly higher than FSHCX's -5.57% return. Over the past 10 years, FHLC has underperformed FSHCX with an annualized return of 10.91%, while FSHCX has yielded a comparatively higher 11.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHLC vs. FSHCX - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than FSHCX's 0.71% expense ratio.
Risk-Adjusted Performance
FHLC vs. FSHCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity Select Health Care Services Portfolio (FSHCX). 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. FSHCX - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.37%, less than FSHCX's 4.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.37% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.13% | 1.37% | 1.39% | 2.06% | 1.03% | 0.20% |
FSHCX Fidelity Select Health Care Services Portfolio | 4.38% | 0.57% | 5.32% | 7.09% | 0.76% | 0.27% | 12.92% | 13.41% | 4.62% | 4.06% | 9.07% | 5.98% |
Drawdowns
FHLC vs. FSHCX - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum FSHCX drawdown of -57.77%. Use the drawdown chart below to compare losses from any high point for FHLC and FSHCX. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. FSHCX - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 3.27%, while Fidelity Select Health Care Services Portfolio (FSHCX) has a volatility of 6.34%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than FSHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.