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FIGB vs. FHLC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIGB and FHLC is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

FIGB vs. FHLC - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FIGB:

0.90

FHLC:

-0.40

Sortino Ratio

FIGB:

1.34

FHLC:

-0.41

Omega Ratio

FIGB:

1.16

FHLC:

0.95

Calmar Ratio

FIGB:

0.49

FHLC:

-0.37

Martin Ratio

FIGB:

2.35

FHLC:

-0.89

Ulcer Index

FIGB:

2.29%

FHLC:

6.43%

Daily Std Dev

FIGB:

6.00%

FHLC:

15.26%

Max Drawdown

FIGB:

-18.08%

FHLC:

-28.76%

Current Drawdown

FIGB:

-5.57%

FHLC:

-14.81%

Returns By Period

In the year-to-date period, FIGB achieves a 1.95% return, which is significantly higher than FHLC's -3.95% return.


FIGB

YTD

1.95%

1M

0.73%

6M

1.18%

1Y

5.52%

5Y*

N/A

10Y*

N/A

FHLC

YTD

-3.95%

1M

-0.73%

6M

-11.90%

1Y

-6.15%

5Y*

6.11%

10Y*

7.51%

*Annualized

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FIGB vs. FHLC - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is higher than FHLC's 0.08% expense ratio.


Risk-Adjusted Performance

FIGB vs. FHLC — Risk-Adjusted Performance Rank

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

FIGB
The Risk-Adjusted Performance Rank of FIGB is 7272
Overall Rank
The Sharpe Ratio Rank of FIGB is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of FIGB is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FIGB is 7373
Omega Ratio Rank
The Calmar Ratio Rank of FIGB is 6262
Calmar Ratio Rank
The Martin Ratio Rank of FIGB is 6868
Martin Ratio Rank

FHLC
The Risk-Adjusted Performance Rank of FHLC is 66
Overall Rank
The Sharpe Ratio Rank of FHLC is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of FHLC is 77
Sortino Ratio Rank
The Omega Ratio Rank of FHLC is 77
Omega Ratio Rank
The Calmar Ratio Rank of FHLC is 44
Calmar Ratio Rank
The Martin Ratio Rank of FHLC is 77
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FIGB vs. FHLC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity MSCI Health Care Index ETF (FHLC). 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.


The current FIGB Sharpe Ratio is 0.90, which is higher than the FHLC Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of FIGB and FHLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FIGB vs. FHLC - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.22%, more than FHLC's 1.60% yield.


TTM20242023202220212020201920182017201620152014
FIGB
Fidelity Investment Grade Bond ETF
4.22%4.28%3.79%2.44%1.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FHLC
Fidelity MSCI Health Care Index ETF
1.60%1.51%1.40%1.30%1.16%1.45%1.18%2.14%1.38%1.40%2.07%1.03%

Drawdowns

FIGB vs. FHLC - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, smaller than the maximum FHLC drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for FIGB and FHLC. For additional features, visit the drawdowns tool.


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Volatility

FIGB vs. FHLC - Volatility Comparison

The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 2.15%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 6.80%. This indicates that FIGB experiences smaller price fluctuations and is considered to be less risky than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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