FHLC vs. FUTY

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity MSCI Utilities Index ETF (FUTY).

FHLC and FUTY 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both FHLC and FUTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FHLC vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity MSCI Utilities Index ETF (FUTY). The values are adjusted to include any dividend payments, if applicable.

FHLC vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHLC Fidelity MSCI Health Care Index ETF	-4.22%	15.42%	2.48%	2.58%	-5.55%	20.39%	18.13%	21.94%	4.71%	23.34%
FUTY Fidelity MSCI Utilities Index ETF	8.19%	16.40%	23.20%	-7.46%	1.12%	17.53%	-0.80%	24.89%	4.36%	12.52%

Returns By Period

In the year-to-date period, FHLC achieves a -4.22% return, which is significantly lower than FUTY's 8.19% return. Both investments have delivered pretty close results over the past 10 years, with FHLC having a 9.68% annualized return and FUTY not far behind at 9.67%.

FHLC

• 1D: 0.78%
• 1M: -5.85%
• YTD: -4.22%
• 6M: 3.95%
• 1Y: 7.33%
• 3Y*: 6.41%
• 5Y*: 5.23%
• 10Y*: 9.68%

FUTY

• 1D: 0.49%
• 1M: -2.11%
• YTD: 8.19%
• 6M: 5.65%
• 1Y: 19.31%
• 3Y*: 13.99%
• 5Y*: 10.62%
• 10Y*: 9.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHLC vs. FUTY - Expense Ratio Comparison

Both FHLC and FUTY 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%.

FHLC

Fidelity MSCI Health Care Index ETF

FUTY

Fidelity MSCI Utilities Index ETF

Return for Risk

FHLC vs. FUTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHLC

FHLC Risk / Return Rank: 22
FHLC Sharpe Ratio Rank: 23
FHLC Sortino Ratio Rank: 23
FHLC Omega Ratio Rank: 22
FHLC Calmar Ratio Rank: 23
FHLC Martin Ratio Rank: 20

FUTY

FUTY Risk / Return Rank: 65
FUTY Sharpe Ratio Rank: 69
FUTY Sortino Ratio Rank: 65
FUTY Omega Ratio Rank: 60
FUTY Calmar Ratio Rank: 79
FUTY Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHLC vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity MSCI Utilities Index ETF (FUTY). 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	FUTY	Difference
Sharpe ratio Return per unit of total volatility	0.42	1.25	-0.83
Sortino ratio Return per unit of downside risk	0.70	1.70	-1.00
Omega ratio Gain probability vs. loss probability	1.09	1.23	-0.14
Calmar ratio Return relative to maximum drawdown	0.52	2.20	-1.69
Martin ratio Return relative to average drawdown	1.19	5.24	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHLC vs. FUTY - Sharpe Ratio Comparison

The current FHLC Sharpe Ratio is 0.42, which is lower than the FUTY Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of FHLC and FUTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHLC	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.25	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.63	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.51	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.58	+0.03

Correlation

The correlation between FHLC and FUTY is 0.38, 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. FUTY - Dividend Comparison

FHLC's dividend yield for the trailing twelve months is around 1.43%, less than FUTY's 2.49% yield.

	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%
FUTY Fidelity MSCI Utilities Index ETF	2.49%	2.67%	2.96%	3.31%	2.72%	2.70%	3.07%	2.82%	3.11%	3.03%	3.35%	4.33%

Drawdowns

FHLC vs. FUTY - Drawdown Comparison

The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FHLC and FUTY.

Drawdown Indicators

	FHLC	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-28.76%	-36.44%	+7.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-8.93%	-1.45%
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	-25.11%	+7.38%
Max Drawdown (10Y) Largest decline over 10 years	-28.76%	-36.44%	+7.68%
Current Drawdown Current decline from peak	-7.27%	-2.76%	-4.51%
Average Drawdown Average peak-to-trough decline	-5.16%	-6.06%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	3.75%	+0.74%

Volatility

FHLC vs. FUTY - Volatility Comparison

Fidelity MSCI Health Care Index ETF (FHLC) and Fidelity MSCI Utilities Index ETF (FUTY) have volatilities of 5.19% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHLC	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.03%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	10.15%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	15.52%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	16.93%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	18.99%	-2.17%