FHLSX vs. CONWX

Last updated Jun 25, 2026

FHLSX (Fidelity Health Savings Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 5 years, FHLSX returned 4.00%/yr vs 6.31%/yr for CONWX. A 0.61 correlation means they provide meaningful diversification when combined. FHLSX charges 0.47%/yr vs 1.41%/yr for CONWX.

Performance

FHLSX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Health Savings Fund (FHLSX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHLSX having a 5.90% return and CONWX slightly higher at 5.99%.

FHLSX

• 1D: -0.93%
• 1M: 0.13%
• YTD: 5.90%
• 6M: 5.67%
• 1Y: 12.76%
• 3Y*: 9.95%
• 5Y*: 4.00%
• 10Y*: —

CONWX

• 1D: 0.35%
• 1M: -1.69%
• YTD: 5.99%
• 6M: 5.33%
• 1Y: 14.53%
• 3Y*: 12.17%
• 5Y*: 6.31%
• 10Y*: 8.43%

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

FHLSX vs. CONWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FHLSX Fidelity Health Savings Fund	5.90%	12.15%	6.93%	9.70%	-14.89%	5.37%	20.55%
CONWX Concorde Wealth Management Fund	5.99%	11.95%	13.58%	0.20%	-2.51%	19.73%	23.50%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020	0.61

The correlation between FHLSX and CONWX shifts across timeframes, from 0.42 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FHLSX vs. CONWX — Risk / Return Rank

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

FHLSX

FHLSX Risk / Return Rank: 73
FHLSX Sharpe Ratio Rank: 71
FHLSX Sortino Ratio Rank: 71
FHLSX Omega Ratio Rank: 75
FHLSX Calmar Ratio Rank: 73
FHLSX Martin Ratio Rank: 77

CONWX

CONWX Risk / Return Rank: 62
CONWX Sharpe Ratio Rank: 62
CONWX Sortino Ratio Rank: 64
CONWX Omega Ratio Rank: 57
CONWX Calmar Ratio Rank: 78
CONWX Martin Ratio Rank: 51

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.

FHLSX vs. CONWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Health Savings Fund (FHLSX) and Concorde Wealth Management Fund (CONWX). 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.

	FHLSX	CONWX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.06	+0.09
Sortino ratio: Return per unit of downside risk	3.04	2.98	+0.06
Omega ratio: Gain probability vs. loss probability	1.43	1.37	+0.06
Calmar ratio: Return relative to maximum drawdown	3.01	3.29	-0.28
Martin ratio: Return relative to average drawdown	12.74	9.59	+3.15

FHLSX vs. CONWX - Sharpe Ratio Comparison

The current FHLSX Sharpe Ratio is 2.15, which is comparable to the CONWX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FHLSX and CONWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHLSX vs. CONWX - Drawdown Comparison

The maximum FHLSX drawdown since its inception was -19.18%, smaller than the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for FHLSX and CONWX.

Drawdown Indicators

	FHLSX	CONWX	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-26.09%	+6.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.43%	-4.44%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-6.66%	-9.86%	+3.20%
Max Drawdown (5Y) Largest decline over 5 years	-19.18%	-12.49%	-6.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.09%	—
Current Drawdown Current decline from peak	-1.14%	-4.01%	+2.87%
Average Drawdown Average peak-to-trough decline	-4.71%	-2.78%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	1.52%	-0.47%

Volatility

FHLSX vs. CONWX - Volatility Comparison

Fidelity Health Savings Fund (FHLSX) has a higher volatility of 2.73% compared to Concorde Wealth Management Fund (CONWX) at 2.02%. This indicates that FHLSX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHLSX	CONWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.02%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	5.34%	5.21%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	6.21%	7.11%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.82%	10.19%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	11.05%	-4.02%

FHLSX vs. CONWX - Expense Ratio Comparison

FHLSX has a 0.47% expense ratio, which is lower than CONWX's 1.41% expense ratio.

Dividends

FHLSX vs. CONWX - Dividend Comparison

FHLSX's dividend yield for the trailing twelve months is around 2.82%, less than CONWX's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CONWX Concorde Wealth Management Fund	3.48%	3.69%	10.55%	2.16%	7.85%	3.63%	3.86%	2.16%	5.09%	2.48%
FHLSX Fidelity Health Savings Fund	2.82%	2.95%	2.89%	2.78%	3.72%	2.71%	1.73%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHLSX and CONWX in my portfolio?

FHLSX and CONWX 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 is riskier, FHLSX or CONWX?

FHLSX has higher volatility (2.73%) compared to CONWX (2.02%). In terms of maximum drawdown, FHLSX dropped -19.18% vs CONWX's -26.09%.

Which has better risk-adjusted returns?

FHLSX currently has the higher Sharpe Ratio (2.15 vs 2.06), 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.