HDV vs. FSPHX
HDV (iShares Core High Dividend ETF) and FSPHX (Fidelity® Select Health Care Portfolio) are both funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while FSPHX is a Health & Biotech Equities fund actively managed by Fidelity. HDV is passively managed, while FSPHX is actively managed. Over the past 10 years, HDV returned 9.21%/yr vs 8.63%/yr for FSPHX. A 0.56 correlation means they provide meaningful diversification when combined. HDV charges 0.08%/yr vs 0.69%/yr for FSPHX.
Performance
HDV vs. FSPHX - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 13.23% return, which is significantly higher than FSPHX's -3.55% return. Over the past 10 years, HDV has outperformed FSPHX with an annualized return of 9.21%, while FSPHX has yielded a comparatively lower 8.63% annualized return.
HDV
- 1D
- -0.44%
- 1M
- 2.01%
- YTD
- 13.23%
- 6M
- 14.65%
- 1Y
- 21.13%
- 3Y*
- 14.75%
- 5Y*
- 10.58%
- 10Y*
- 9.21%
FSPHX
- 1D
- -1.54%
- 1M
- 1.59%
- YTD
- -3.55%
- 6M
- -11.00%
- 1Y
- 7.49%
- 3Y*
- 3.79%
- 5Y*
- 1.43%
- 10Y*
- 8.63%
HDV vs. FSPHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 13.23% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
FSPHX Fidelity® Select Health Care Portfolio | -3.55% | 9.36% | 4.91% | 4.13% | -12.82% | 11.58% | 24.57% | 31.48% | 7.15% | 23.83% |
Correlation
The correlation between HDV and FSPHX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.56 |
Over the past year, the correlation between HDV and FSPHX has dropped to 0.26 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
HDV vs. FSPHX — Risk / Return Rank
HDV
FSPHX
HDV vs. FSPHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) and Fidelity® Select Health Care Portfolio (FSPHX). 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.
| HDV | FSPHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.10 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 0.47 | +3.63 |
| Martin ratioReturn relative to average drawdown | 11.37 | 1.03 | +10.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDV | FSPHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 0.48 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.08 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.45 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.75 | -0.02 |
Drawdowns
HDV vs. FSPHX - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum FSPHX drawdown of -44.45%. Use the drawdown chart below to compare losses from any high point for HDV and FSPHX.
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Drawdown Indicators
| HDV | FSPHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -44.45% | +7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -18.32% | +13.14% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -18.32% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -29.31% | +13.89% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -29.31% | -7.73% |
Current DrawdownCurrent decline from peak | -2.08% | -12.78% | +10.70% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -9.83% | +6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 8.32% | -6.46% |
Volatility
HDV vs. FSPHX - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.08%, while Fidelity® Select Health Care Portfolio (FSPHX) has a volatility of 5.92%. This indicates that HDV experiences smaller price fluctuations and is considered to be less risky than FSPHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDV | FSPHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 5.92% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 14.68% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 17.90% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 18.37% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 19.04% | -3.31% |
HDV vs. FSPHX - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than FSPHX's 0.69% expense ratio.
Dividends
HDV vs. FSPHX - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.89%, less than FSPHX's 12.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPHX Fidelity® Select Health Care Portfolio | 12.63% | 4.16% | 10.77% | 0.00% | 2.13% | 9.06% | 11.29% | 1.35% | 9.02% | 2.27% | 0.18% | 11.63% |
HDV iShares Core High Dividend ETF | 2.89% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
HDV and FSPHX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPHX has higher volatility (5.92%) compared to HDV (3.08%). In terms of maximum drawdown, HDV dropped -37.04% vs FSPHX's -44.45%.
HDV currently has the higher Sharpe Ratio (2.19 vs 0.48), 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.
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