FHLC vs. MPTI
FHLC (Fidelity MSCI Health Care Index ETF) is Health & Biotech Equities fund tracking the MSCI USA IMI Health Care Index, while MPTI (M-tron Industries Inc) is a stock. Over the past 3 years, FHLC returned 7.18%/yr vs 117.03%/yr for MPTI. At a 0.15 correlation, their price movements are largely independent.
Performance
FHLC vs. MPTI - Performance Comparison
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Returns By Period
In the year-to-date period, FHLC achieves a 0.03% return, which is significantly lower than MPTI's 85.29% return.
FHLC
- 1D
- -0.13%
- 1M
- 5.86%
- YTD
- 0.03%
- 6M
- 0.58%
- 1Y
- 16.58%
- 3Y*
- 7.18%
- 5Y*
- 4.76%
- 10Y*
- 9.76%
MPTI
- 1D
- 2.35%
- 1M
- 24.19%
- YTD
- 85.29%
- 6M
- 82.95%
- 1Y
- 117.54%
- 3Y*
- 117.03%
- 5Y*
- —
- 10Y*
- —
FHLC vs. MPTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 0.03% | 15.42% | 2.48% | 2.58% | 11.31% |
MPTI M-tron Industries Inc | 85.29% | 31.87% | 35.66% | 308.00% | 9.37% |
Correlation
The correlation between FHLC and MPTI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022 | 0.15 |
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Return for Risk
FHLC vs. MPTI — Risk / Return Rank
FHLC
MPTI
FHLC vs. MPTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and M-tron Industries Inc (MPTI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHLC | MPTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 4.97 | -3.42 |
| Martin ratioReturn relative to average drawdown | 3.86 | 12.96 | -9.10 |
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Drawdowns
FHLC vs. MPTI - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum MPTI drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for FHLC and MPTI.
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Drawdown Indicators
| FHLC | MPTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -49.99% | +21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -23.16% | +12.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -49.99% | +33.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | — | — |
Current DrawdownCurrent decline from peak | -3.15% | 0.00% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -18.76% | +13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 8.85% | -4.69% |
Volatility
FHLC vs. MPTI - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 4.87%, while M-tron Industries Inc (MPTI) has a volatility of 10.93%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than MPTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLC | MPTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 10.93% | -6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 39.83% | -29.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 55.21% | -40.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 77.77% | -62.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 77.77% | -60.93% |
Dividends
FHLC vs. MPTI - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.37%, while MPTI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.37% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
MPTI M-tron Industries Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHLC and MPTI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPTI has higher volatility (10.93%) compared to FHLC (4.87%). In terms of maximum drawdown, FHLC dropped -28.76% vs MPTI's -49.99%.
MPTI currently has the higher Sharpe Ratio (2.08 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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