FHLC vs. IXJ
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and iShares Global Healthcare ETF (IXJ).
FHLC and IXJ 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. IXJ is a passively managed fund by iShares that tracks the performance of the S&P Global Healthcare Sector Index. It was launched on Nov 13, 2001. Both FHLC and IXJ 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 IXJ.
Performance
FHLC vs. IXJ - Performance Comparison
Returns By Period
In the year-to-date period, FHLC achieves a 5.09% return, which is significantly higher than IXJ's 3.36% return. Over the past 10 years, FHLC has outperformed IXJ with an annualized return of 9.24%, while IXJ has yielded a comparatively lower 7.53% annualized return.
FHLC
5.09%
-7.28%
-1.64%
13.46%
8.87%
9.24%
IXJ
3.36%
-8.79%
-3.94%
9.80%
7.57%
7.53%
Key characteristics
| FHLC | IXJ | |
|---|---|---|
| Sharpe Ratio | 1.19 | 0.95 |
| Sortino Ratio | 1.68 | 1.37 |
| Omega Ratio | 1.22 | 1.17 |
| Calmar Ratio | 1.25 | 0.84 |
| Martin Ratio | 5.19 | 3.34 |
| Ulcer Index | 2.58% | 3.03% |
| Daily Std Dev | 11.28% | 10.64% |
| Max Drawdown | -28.76% | -40.60% |
| Current Drawdown | -9.05% | -12.10% |
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FHLC vs. IXJ - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than IXJ's 0.46% expense ratio.
Correlation
The correlation between FHLC and IXJ is 0.95, 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.
Risk-Adjusted Performance
FHLC vs. IXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and iShares Global Healthcare ETF (IXJ). 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. IXJ - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.42%, more than IXJ's 1.38% 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% |
IXJ iShares Global Healthcare ETF | 1.38% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.47% | 1.73% | 2.85% | 1.38% | 1.51% |
Drawdowns
FHLC vs. IXJ - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum IXJ drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for FHLC and IXJ. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. IXJ - Volatility Comparison
Fidelity MSCI Health Care Index ETF (FHLC) has a higher volatility of 3.76% compared to iShares Global Healthcare ETF (IXJ) at 3.09%. This indicates that FHLC's price experiences larger fluctuations and is considered to be riskier than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.