FIGB vs. FHLC
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and Fidelity MSCI Health Care Index ETF (FHLC).
FIGB and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIGB or FHLC.
Key characteristics
| FIGB | FHLC | |
|---|---|---|
| YTD Return | 2.19% | 10.90% |
| 1Y Return | 8.26% | 20.19% |
| 3Y Return (Ann) | -2.08% | 3.41% |
| Sharpe Ratio | 1.23 | 1.79 |
| Sortino Ratio | 1.87 | 2.49 |
| Omega Ratio | 1.22 | 1.33 |
| Calmar Ratio | 0.58 | 1.53 |
| Martin Ratio | 4.53 | 8.41 |
| Ulcer Index | 1.85% | 2.35% |
| Daily Std Dev | 6.82% | 11.07% |
| Max Drawdown | -18.08% | -28.76% |
| Current Drawdown | -6.76% | -4.03% |
Correlation
The correlation between FIGB and FHLC is 0.19, 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
In the year-to-date period, FIGB achieves a 2.19% return, which is significantly lower than FHLC's 10.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
FIGB vs. FHLC - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.16%, more than FHLC's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.16% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHLC Fidelity MSCI Health Care Index ETF | 1.34% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
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.
Volatility
FIGB vs. FHLC - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.73%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 2.94%. 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.