FHLC vs. IHI
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and iShares U.S. Medical Devices ETF (IHI).
FHLC and IHI 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. IHI is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Medical Equipment Index. It was launched on May 5, 2006. Both FHLC and IHI 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 IHI.
Key characteristics
| FHLC | IHI | |
|---|---|---|
| YTD Return | 2.81% | 2.26% |
| 1Y Return | 6.03% | -1.85% |
| 3Y Return (Ann) | 3.73% | -1.78% |
| 5Y Return (Ann) | 10.24% | 8.22% |
| 10Y Return (Ann) | 10.82% | 13.74% |
| Sharpe Ratio | 0.57 | -0.08 |
| Daily Std Dev | 10.78% | 15.87% |
| Max Drawdown | -28.76% | -49.64% |
| Current Drawdown | -5.00% | -16.83% |
Correlation
The correlation between FHLC and IHI is 0.86, 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. IHI - Performance Comparison
In the year-to-date period, FHLC achieves a 2.81% return, which is significantly higher than IHI's 2.26% return. Over the past 10 years, FHLC has underperformed IHI with an annualized return of 10.82%, while IHI has yielded a comparatively higher 13.74% 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. IHI - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than IHI's 0.43% expense ratio.
Risk-Adjusted Performance
FHLC vs. IHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and iShares U.S. Medical Devices ETF (IHI). 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. IHI - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.37%, more than IHI's 0.54% 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% |
IHI iShares U.S. Medical Devices ETF | 0.54% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
Drawdowns
FHLC vs. IHI - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum IHI drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for FHLC and IHI. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. IHI - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 3.26%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 4.30%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.