HOVLX vs. FHLC
Compare and contrast key facts about Homestead Funds Value Fund (HOVLX) and Fidelity MSCI Health Care Index ETF (FHLC).
HOVLX is managed by Homestead. It was launched on Nov 19, 1990. 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.
Performance
HOVLX vs. FHLC - Performance Comparison
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HOVLX vs. FHLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | -1.23% | 14.60% | 14.29% | 12.03% | -5.67% | 25.09% | 7.74% | 27.72% | -6.52% | 22.22% |
FHLC Fidelity MSCI Health Care Index ETF | -4.97% | 15.42% | 2.48% | 2.58% | -5.55% | 20.39% | 18.13% | 21.94% | 4.71% | 23.34% |
Returns By Period
In the year-to-date period, HOVLX achieves a -1.23% return, which is significantly higher than FHLC's -4.97% return. Over the past 10 years, HOVLX has outperformed FHLC with an annualized return of 11.56%, while FHLC has yielded a comparatively lower 9.60% annualized return.
HOVLX
- 1D
- -0.50%
- 1M
- -8.11%
- YTD
- -1.23%
- 6M
- 1.28%
- 1Y
- 11.87%
- 3Y*
- 13.63%
- 5Y*
- 9.21%
- 10Y*
- 11.56%
FHLC
- 1D
- 2.28%
- 1M
- -7.46%
- YTD
- -4.97%
- 6M
- 5.95%
- 1Y
- 4.53%
- 3Y*
- 6.14%
- 5Y*
- 5.07%
- 10Y*
- 9.60%
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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.
Return for Risk
HOVLX vs. FHLC — Risk / Return Rank
HOVLX
FHLC
HOVLX vs. FHLC - Risk-Adjusted Trends 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 | FHLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.26 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.18 | 0.48 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.06 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.51 | +0.40 |
Martin ratioReturn relative to average drawdown | 3.92 | 1.08 | +2.84 |
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
| HOVLX | FHLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.26 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.34 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.57 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.61 | -0.01 |
Correlation
The correlation between HOVLX and FHLC is 0.73, 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.
Dividends
HOVLX vs. FHLC - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 10.75%, more than FHLC's 1.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 10.75% | 10.62% | 9.71% | 5.75% | 10.54% | 8.65% | 16.55% | 15.30% | 11.01% | 5.34% | 10.00% | 7.22% |
FHLC Fidelity MSCI Health Care Index ETF | 1.44% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
Drawdowns
HOVLX vs. FHLC - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.90%, 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.
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Drawdown Indicators
| HOVLX | FHLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -28.76% | -29.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -10.38% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -17.73% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.08% | -28.76% | -9.32% |
Current DrawdownCurrent decline from peak | -8.24% | -7.99% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -5.16% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 5.04% | -2.23% |
Volatility
HOVLX vs. FHLC - Volatility Comparison
The current volatility for Homestead Funds Value Fund (HOVLX) is 3.82%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 5.14%. This indicates that HOVLX 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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Volatility by Period
| HOVLX | FHLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 5.14% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 10.26% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.33% | 17.61% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 14.85% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 16.82% | +1.07% |