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

Key characteristics


HOVLXFHLC
YTD Return18.87%9.67%
1Y Return30.48%20.14%
3Y Return (Ann)8.33%3.19%
5Y Return (Ann)12.30%10.38%
10Y Return (Ann)10.83%9.85%
Sharpe Ratio2.811.91
Sortino Ratio3.962.68
Omega Ratio1.521.35
Calmar Ratio4.371.75
Martin Ratio15.768.78
Ulcer Index1.94%2.39%
Daily Std Dev10.87%10.96%
Max Drawdown-57.48%-28.76%
Current Drawdown-0.59%-5.09%

Correlation

-0.50.00.51.00.7

The correlation between HOVLX and FHLC is 0.74, 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.

Performance

HOVLX vs. FHLC - Performance Comparison

In the year-to-date period, HOVLX achieves a 18.87% return, which is significantly higher than FHLC's 9.67% return. Over the past 10 years, HOVLX has outperformed FHLC with an annualized return of 10.83%, while FHLC has yielded a comparatively lower 9.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.50%
4.14%
HOVLX
FHLC

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HOVLX vs. FHLC - Expense Ratio Comparison

HOVLX has a 0.63% expense ratio, which is higher than FHLC's 0.08% expense ratio.


HOVLX
Homestead Funds Value Fund
Expense ratio chart for HOVLX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%
Expense ratio chart for FHLC: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

HOVLX vs. FHLC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) 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.


HOVLX
Sharpe ratio
The chart of Sharpe ratio for HOVLX, currently valued at 2.81, compared to the broader market0.002.004.002.81
Sortino ratio
The chart of Sortino ratio for HOVLX, currently valued at 3.96, compared to the broader market0.005.0010.003.96
Omega ratio
The chart of Omega ratio for HOVLX, currently valued at 1.52, compared to the broader market1.002.003.004.001.52
Calmar ratio
The chart of Calmar ratio for HOVLX, currently valued at 4.37, compared to the broader market0.005.0010.0015.0020.004.37
Martin ratio
The chart of Martin ratio for HOVLX, currently valued at 15.76, compared to the broader market0.0020.0040.0060.0080.00100.0015.76
FHLC
Sharpe ratio
The chart of Sharpe ratio for FHLC, currently valued at 1.91, compared to the broader market0.002.004.001.91
Sortino ratio
The chart of Sortino ratio for FHLC, currently valued at 2.68, compared to the broader market0.005.0010.002.68
Omega ratio
The chart of Omega ratio for FHLC, currently valued at 1.35, compared to the broader market1.002.003.004.001.35
Calmar ratio
The chart of Calmar ratio for FHLC, currently valued at 1.75, compared to the broader market0.005.0010.0015.0020.001.75
Martin ratio
The chart of Martin ratio for FHLC, currently valued at 8.78, compared to the broader market0.0020.0040.0060.0080.00100.008.78

HOVLX vs. FHLC - Sharpe Ratio Comparison

The current HOVLX Sharpe Ratio is 2.81, which is higher than the FHLC Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of HOVLX 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.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.81
1.91
HOVLX
FHLC

Dividends

HOVLX vs. FHLC - Dividend Comparison

HOVLX's dividend yield for the trailing twelve months is around 1.22%, less than FHLC's 1.36% yield.


TTM20232022202120202019201820172016201520142013
HOVLX
Homestead Funds Value Fund
1.22%1.49%1.48%1.19%1.39%1.60%1.94%1.80%2.31%2.02%1.54%1.67%
FHLC
Fidelity MSCI Health Care Index ETF
1.36%1.40%1.30%1.16%1.45%1.18%2.14%1.38%1.40%2.07%1.03%0.20%

Drawdowns

HOVLX vs. FHLC - Drawdown Comparison

The maximum HOVLX drawdown since its inception was -57.48%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for HOVLX and FHLC. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.59%
-5.09%
HOVLX
FHLC

Volatility

HOVLX vs. FHLC - Volatility Comparison

Homestead Funds Value Fund (HOVLX) has a higher volatility of 3.55% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.10%. This indicates that HOVLX's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.55%
3.10%
HOVLX
FHLC