PTH vs. FHLC
Compare and contrast key facts about Invesco DWA Healthcare Momentum ETF (PTH) and Fidelity MSCI Health Care Index ETF (FHLC).
PTH and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTH is a passively managed fund by Invesco that tracks the performance of the Dynamic Healthcare Sector Intellidex Index. It was launched on Oct 12, 2006. 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 PTH 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: PTH or FHLC.
Key characteristics
| PTH | FHLC | |
|---|---|---|
| YTD Return | 22.76% | 11.73% |
| 1Y Return | 58.79% | 23.79% |
| 3Y Return (Ann) | -4.28% | 3.83% |
| 5Y Return (Ann) | 12.05% | 10.84% |
| 10Y Return (Ann) | 10.83% | 9.93% |
| Sharpe Ratio | 2.19 | 1.90 |
| Sortino Ratio | 2.90 | 2.63 |
| Omega Ratio | 1.34 | 1.35 |
| Calmar Ratio | 1.02 | 1.63 |
| Martin Ratio | 8.17 | 8.97 |
| Ulcer Index | 6.46% | 2.35% |
| Daily Std Dev | 24.18% | 11.08% |
| Max Drawdown | -53.52% | -28.76% |
| Current Drawdown | -23.49% | -3.31% |
Correlation
The correlation between PTH and FHLC is 0.76, 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
PTH vs. FHLC - Performance Comparison
In the year-to-date period, PTH achieves a 22.76% return, which is significantly higher than FHLC's 11.73% return. Over the past 10 years, PTH has outperformed FHLC with an annualized return of 10.83%, while FHLC has yielded a comparatively lower 9.93% 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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PTH vs. FHLC - Expense Ratio Comparison
PTH has a 0.60% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
PTH vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) 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
PTH vs. FHLC - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 0.05%, less than FHLC's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% |
FHLC Fidelity MSCI Health Care Index ETF | 1.33% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
PTH vs. FHLC - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for PTH and FHLC. For additional features, visit the drawdowns tool.
Volatility
PTH vs. FHLC - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 6.17% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.03%. This indicates that PTH'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.