FHLC vs. VHT
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and Vanguard Health Care ETF (VHT).
FHLC and VHT 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. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004. Both FHLC and VHT 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 VHT.
Performance
FHLC vs. VHT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FHLC having a 5.09% return and VHT slightly higher at 5.15%. Both investments have delivered pretty close results over the past 10 years, with FHLC having a 9.24% annualized return and VHT not far behind at 9.20%.
FHLC
5.09%
-7.28%
-1.64%
13.46%
8.87%
9.24%
VHT
5.15%
-7.38%
-1.61%
13.40%
9.02%
9.20%
Key characteristics
| FHLC | VHT | |
|---|---|---|
| Sharpe Ratio | 1.19 | 1.23 |
| Sortino Ratio | 1.68 | 1.73 |
| Omega Ratio | 1.22 | 1.22 |
| Calmar Ratio | 1.25 | 1.28 |
| Martin Ratio | 5.19 | 5.45 |
| Ulcer Index | 2.58% | 2.52% |
| Daily Std Dev | 11.28% | 11.19% |
| Max Drawdown | -28.76% | -39.12% |
| Current Drawdown | -9.05% | -9.11% |
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FHLC vs. VHT - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than VHT's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FHLC and VHT is 1.00, 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. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Vanguard Health Care ETF (VHT). 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. VHT - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.42%, less than VHT's 1.48% 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% |
VHT Vanguard Health Care ETF | 1.48% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
FHLC vs. VHT - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for FHLC and VHT. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. VHT - Volatility Comparison
Fidelity MSCI Health Care Index ETF (FHLC) and Vanguard Health Care ETF (VHT) have volatilities of 3.76% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.