FHLC vs. RXL
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and ProShares Ultra Health Care (RXL).
FHLC and RXL 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. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. Both FHLC and RXL 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. RXL - Performance Comparison
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FHLC vs. RXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | -4.97% | 15.42% | 2.48% | 2.58% | -5.55% | 20.39% | 18.13% | 21.94% | 4.71% | 23.34% |
RXL ProShares Ultra Health Care | -11.22% | 19.76% | -2.72% | -3.15% | -15.26% | 48.06% | 19.24% | 40.40% | 3.38% | 46.92% |
Returns By Period
In the year-to-date period, FHLC achieves a -4.97% return, which is significantly higher than RXL's -11.22% return. Over the past 10 years, FHLC has underperformed RXL with an annualized return of 9.60%, while RXL has yielded a comparatively higher 12.57% annualized return.
FHLC
- 1D
- 2.28%
- 1M
- -7.46%
- YTD
- -4.97%
- 6M
- 5.95%
- 1Y
- 4.53%
- 3Y*
- 6.14%
- 5Y*
- 5.07%
- 10Y*
- 9.60%
RXL
- 1D
- 3.92%
- 1M
- -16.20%
- YTD
- -11.22%
- 6M
- 8.56%
- 1Y
- -3.95%
- 3Y*
- 3.48%
- 5Y*
- 3.69%
- 10Y*
- 12.57%
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FHLC vs. RXL - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than RXL's 0.95% expense ratio.
Return for Risk
FHLC vs. RXL — Risk / Return Rank
FHLC
RXL
FHLC vs. RXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and ProShares Ultra Health Care (RXL). 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 | RXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | -0.11 | +0.37 |
Sortino ratioReturn per unit of downside risk | 0.48 | 0.09 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.13 | +0.63 |
Martin ratioReturn relative to average drawdown | 1.08 | -0.24 | +1.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHLC | RXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.11 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.13 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.38 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.40 | +0.21 |
Correlation
The correlation between FHLC and RXL is 0.98, 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.
Dividends
FHLC vs. RXL - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.44%, less than RXL's 1.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.44% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
RXL ProShares Ultra Health Care | 1.64% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
Drawdowns
FHLC vs. RXL - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum RXL drawdown of -67.70%. Use the drawdown chart below to compare losses from any high point for FHLC and RXL.
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Drawdown Indicators
| FHLC | RXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.76% | -67.70% | +38.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -22.73% | +12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -36.08% | +18.35% |
Max Drawdown (10Y)Largest decline over 10 years | -28.76% | -51.00% | +22.24% |
Current DrawdownCurrent decline from peak | -7.99% | -19.31% | +11.32% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -15.82% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 12.51% | -7.47% |
Volatility
FHLC vs. RXL - Volatility Comparison
The current volatility for Fidelity MSCI Health Care Index ETF (FHLC) is 5.14%, while ProShares Ultra Health Care (RXL) has a volatility of 9.36%. This indicates that FHLC experiences smaller price fluctuations and is considered to be less risky than RXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLC | RXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 9.36% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 21.09% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 35.48% | -17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 29.33% | -14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 33.19% | -16.37% |