FHLC vs. UNHW

Last updated Jul 14, 2026

FHLC (Fidelity MSCI Health Care Index ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both exchange-traded funds - FHLC is a Health & Biotech Equities fund tracking the MSCI USA IMI Health Care Index, while UNHW is a Leveraged Equities fund actively managed by Roundhill Investments. FHLC is passively managed, while UNHW is actively managed. At a 0.42 correlation, their price movements are largely independent. FHLC charges 0.08%/yr vs 0.99%/yr for UNHW.

Performance

FHLC vs. UNHW - Performance Comparison

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

Returns By Period

In the year-to-date period, FHLC achieves a 6.34% return, which is significantly lower than UNHW's 34.33% return.

FHLC

• 1D: 0.06%
• 1M: 6.31%
• 6M: 4.63%
• YTD: 6.34%
• 1Y: 24.09%
• 3Y*: 9.27%
• 5Y*: 5.56%
• 10Y*: 9.95%

UNHW

• 1D: 1.17%
• 1M: 6.42%
• 6M: 29.76%
• YTD: 34.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHLC vs. UNHW - Yearly Performance Comparison

	2026 (YTD)	2025
FHLC Fidelity MSCI Health Care Index ETF	6.34%	0.36%
UNHW Roundhill UNH WeeklyPay ETF	34.33%	1.54%

Correlation

The correlation between FHLC and UNHW is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.42

FHLC vs. UNHW - Sectors Allocation Comparison

Sectors	FHLC	UNHW
Healthcare	99.6%	27.9%
Technology	0.1%	-
Financial Services	0.1%	-
Industrials	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FHLC vs. UNHW — Risk / Return Rank

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

FHLC

FHLC Risk / Return Rank: 57
FHLC Sharpe Ratio Rank: 59
FHLC Sortino Ratio Rank: 67
FHLC Omega Ratio Rank: 56
FHLC Calmar Ratio Rank: 58
FHLC Martin Ratio Rank: 44

UNHW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. UNHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Roundhill UNH WeeklyPay ETF (UNHW). 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	UNHW	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.44	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.33	—	—
Martin ratio: Return relative to average drawdown	5.77	—	—

Drawdowns

FHLC vs. UNHW - Drawdown Comparison

The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum UNHW drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for FHLC and UNHW.

Drawdown Indicators

	FHLC	UNHW	Difference
Max Drawdown Largest peak-to-trough decline	-28.76%	-32.28%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.76%	—	—
Current Drawdown Current decline from peak	-2.12%	-0.53%	-1.59%
Average Drawdown Average peak-to-trough decline	-5.17%	-10.44%	+5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	—	—

Volatility

Volatility by Period

	FHLC	UNHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	47.47%	-32.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	47.47%	-32.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	47.47%	-30.62%

FHLC vs. UNHW - Expense Ratio Comparison

FHLC has a 0.08% expense ratio, which is lower than UNHW's 0.99% expense ratio.

Dividends

FHLC vs. UNHW - Dividend Comparison

FHLC's dividend yield for the trailing twelve months is around 1.30%, less than UNHW's 19.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHLC Fidelity MSCI Health Care Index ETF	1.30%	1.40%	1.51%	1.40%	1.30%	1.16%	1.45%	1.18%	1.38%	1.38%	1.40%	2.07%
UNHW Roundhill UNH WeeklyPay ETF	19.47%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHLC and UNHW in my portfolio?

FHLC and UNHW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FHLC or UNHW?

On fees, FHLC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FHLC or UNHW?

FHLC is cheaper with a 0.08% expense ratio, compared with 0.99% for UNHW.

Which ETF pays a higher dividend yield, FHLC or UNHW?

UNHW has the higher dividend yield at 19.47%, compared with 1.30% for FHLC.

What is the main difference between FHLC and UNHW?

FHLC is categorized as Health & Biotech Equities, while UNHW is Leveraged Equities. They also come from different issuers: Fidelity and Roundhill Investments. Their fees differ too: 0.08% for FHLC and 0.99% for UNHW.