FHLC vs. FTEC
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity MSCI Information Technology Index ETF (FTEC).
FHLC and FTEC 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both FHLC and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHLC or FTEC.
Performance
FHLC vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FHLC achieves a 5.09% return, which is significantly lower than FTEC's 25.95% return. Over the past 10 years, FHLC has underperformed FTEC with an annualized return of 9.24%, while FTEC has yielded a comparatively higher 20.35% annualized return.
FHLC
5.09%
-7.28%
-1.64%
13.46%
8.87%
9.24%
FTEC
25.95%
0.40%
14.12%
33.92%
22.10%
20.35%
Key characteristics
| FHLC | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.19 | 1.60 |
| Sortino Ratio | 1.68 | 2.13 |
| Omega Ratio | 1.22 | 1.29 |
| Calmar Ratio | 1.25 | 2.22 |
| Martin Ratio | 5.19 | 7.99 |
| Ulcer Index | 2.58% | 4.24% |
| Daily Std Dev | 11.28% | 21.16% |
| Max Drawdown | -28.76% | -34.95% |
| Current Drawdown | -9.05% | -3.14% |
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FHLC vs. FTEC - Expense Ratio Comparison
Both FHLC and FTEC have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between FHLC and FTEC is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FHLC vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity MSCI Information Technology Index ETF (FTEC). 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. FTEC - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.42%, more than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.42% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FHLC vs. FTEC - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FHLC and FTEC. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. FTEC - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 3.76%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.56%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.