RXL vs. FHLC
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Fidelity MSCI Health Care Index ETF (FHLC).
RXL and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. 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 RXL 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: RXL or FHLC.
Performance
RXL vs. FHLC - Performance Comparison
Returns By Period
In the year-to-date period, RXL achieves a 3.95% return, which is significantly lower than FHLC's 5.09% return. Over the past 10 years, RXL has outperformed FHLC with an annualized return of 12.32%, while FHLC has yielded a comparatively lower 9.24% annualized return.
RXL
3.95%
-14.95%
-7.70%
17.09%
11.04%
12.32%
FHLC
5.09%
-7.28%
-1.64%
13.46%
8.87%
9.24%
Key characteristics
| RXL | FHLC | |
|---|---|---|
| Sharpe Ratio | 0.82 | 1.19 |
| Sortino Ratio | 1.20 | 1.68 |
| Omega Ratio | 1.16 | 1.22 |
| Calmar Ratio | 0.64 | 1.25 |
| Martin Ratio | 3.21 | 5.19 |
| Ulcer Index | 5.56% | 2.58% |
| Daily Std Dev | 21.63% | 11.28% |
| Max Drawdown | -66.88% | -28.76% |
| Current Drawdown | -19.18% | -9.05% |
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RXL vs. FHLC - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Correlation
The correlation between RXL and FHLC is 0.98, 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.
Risk-Adjusted Performance
RXL vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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
RXL vs. FHLC - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.19%, less than FHLC's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.19% | 0.18% | 0.65% | 0.16% | 0.25% | 0.43% | 0.52% | 0.23% | 0.23% | 1.83% | 0.40% | 0.31% |
FHLC Fidelity MSCI Health Care Index ETF | 1.42% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
RXL vs. FHLC - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.88%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for RXL and FHLC. For additional features, visit the drawdowns tool.
Volatility
RXL vs. FHLC - Volatility Comparison
ProShares Ultra Health Care (RXL) has a higher volatility of 6.94% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.76%. This indicates that RXL'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.