PBR vs. FHLC
PBR (Petróleo Brasileiro S.A. - Petrobras) is a stock, while FHLC (Fidelity MSCI Health Care Index ETF) is Health & Biotech Equities fund tracking the MSCI USA IMI Health Care Index. Over the past 10 years, PBR returned 19.74%/yr vs 9.91%/yr for FHLC. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
PBR vs. FHLC - Performance Comparison
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Returns By Period
In the year-to-date period, PBR achieves a 57.04% return, which is significantly higher than FHLC's 8.07% return. Over the past 10 years, PBR has outperformed FHLC with an annualized return of 19.74%, while FHLC has yielded a comparatively lower 9.91% annualized return.
PBR
- 1D
- -1.92%
- 1M
- 12.92%
- 6M
- 22.92%
- YTD
- 57.04%
- 1Y
- 49.57%
- 3Y*
- 20.07%
- 5Y*
- 33.36%
- 10Y*
- 19.74%
- ALL TIME*
- 10.22%
FHLC
- 1D
- 1.09%
- 1M
- 0.87%
- 6M
- 7.73%
- YTD
- 8.07%
- 1Y
- 28.14%
- 3Y*
- 9.88%
- 5Y*
- 5.16%
- 10Y*
- 9.91%
- ALL TIME*
- 10.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.35M | $17.75M | $15.99M | |
| $265.26M | $277.70M | $281.46M |
PBR vs. FHLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBR Petróleo Brasileiro S.A. - Petrobras | 57.04% | -1.01% | -8.38% | 71.48% | 47.76% | 20.44% | -28.83% | 24.65% | 27.68% | 1.78% |
FHLC Fidelity MSCI Health Care Index ETF | 8.07% | 15.42% | 2.48% | 2.58% | -5.55% | 20.39% | 18.13% | 21.94% | 4.71% | 23.34% |
Correlation
The correlation between PBR and FHLC is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.19 |
The correlation between PBR and FHLC shifts across timeframes, from -0.20 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBR vs. FHLC — Risk / Return Rank
PBR
FHLC
PBR vs. FHLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Petróleo Brasileiro S.A. - Petrobras (PBR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBR | FHLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.72 | -0.87 |
| Martin ratioReturn relative to average drawdown | 4.72 | 6.78 | -2.06 |
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Drawdowns
PBR vs. FHLC - Drawdown Comparison
The maximum PBR drawdown since its inception was -95.62%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for PBR and FHLC.
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Drawdown Indicators
| PBR | FHLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.62% | -28.76% | -66.86% |
Max Drawdown (1Y)Largest decline over 1 year | -26.86% | -10.38% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -16.87% | -11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -17.73% | -21.89% |
Max Drawdown (10Y)Largest decline over 10 years | -75.13% | -28.76% | -46.37% |
Current DrawdownCurrent decline from peak | -23.49% | -1.58% | -21.91% |
Average DrawdownAverage peak-to-trough decline | -52.55% | -5.15% | -47.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.52% | 4.17% | +6.35% |
Volatility
PBR vs. FHLC - Volatility Comparison
Petróleo Brasileiro S.A. - Petrobras (PBR) has a higher volatility of 9.78% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 4.79%. This indicates that PBR'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.
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Volatility by Period
| PBR | FHLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 4.79% | +4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 25.23% | 11.68% | +13.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.32% | 15.11% | +17.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.54% | 15.26% | +22.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.44% | 16.90% | +29.54% |
Dividends
PBR vs. FHLC - Dividend Comparison
PBR's dividend yield for the trailing twelve months is around 3.85%, more than FHLC's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.28% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
PBR Petróleo Brasileiro S.A. - Petrobras | 3.85% | 7.10% | 14.73% | 10.91% | 55.64% | 18.95% | 0.84% | 1.59% | 1.03% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBR and FHLC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBR has higher volatility (9.78%) compared to FHLC (4.79%). In terms of maximum drawdown, PBR dropped -95.62% vs FHLC's -28.76%.
FHLC currently has the higher Sharpe Ratio (1.87 vs 1.54), 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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