IXJ vs. FHLC
Compare and contrast key facts about iShares Global Healthcare ETF (IXJ) and Fidelity MSCI Health Care Index ETF (FHLC).
IXJ and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXJ is a passively managed fund by iShares that tracks the performance of the S&P Global Healthcare Sector Index. It was launched on Nov 13, 2001. 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. Both IXJ and FHLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXJ or FHLC.
Key characteristics
| IXJ | FHLC | |
|---|---|---|
| YTD Return | 6.19% | 5.31% |
| 1Y Return | 8.64% | 9.36% |
| 3Y Return (Ann) | 5.69% | 4.87% |
| 5Y Return (Ann) | 10.75% | 11.17% |
| 10Y Return (Ann) | 8.96% | 11.12% |
| Sharpe Ratio | 0.83 | 0.88 |
| Daily Std Dev | 10.35% | 10.79% |
| Max Drawdown | -40.60% | -28.76% |
| Current Drawdown | -1.19% | -2.69% |
Correlation
The correlation between IXJ and FHLC is 0.95, 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
IXJ vs. FHLC - Performance Comparison
In the year-to-date period, IXJ achieves a 6.19% return, which is significantly higher than FHLC's 5.31% return. Over the past 10 years, IXJ has underperformed FHLC with an annualized return of 8.96%, while FHLC has yielded a comparatively higher 11.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IXJ vs. FHLC - Expense Ratio Comparison
IXJ has a 0.46% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
IXJ vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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
IXJ vs. FHLC - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.30%, less than FHLC's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.30% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.84% | 1.37% | 1.50% |
FHLC Fidelity MSCI Health Care Index ETF | 1.34% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.13% | 1.37% | 1.39% | 2.06% | 1.03% | 0.20% |
Drawdowns
IXJ vs. FHLC - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for IXJ and FHLC. For additional features, visit the drawdowns tool.
Volatility
IXJ vs. FHLC - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (IXJ) is 2.19%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 2.31%. This indicates that IXJ 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.