XHE vs. FHLC
Compare and contrast key facts about SPDR S&P Health Care Equipment ETF (XHE) and Fidelity MSCI Health Care Index ETF (FHLC).
XHE and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHE is a passively managed fund by State Street that tracks the performance of the S&P Health Care Equipment Select Industry Index. It was launched on Jan 26, 2011. 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 XHE 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: XHE or FHLC.
Key characteristics
| XHE | FHLC | |
|---|---|---|
| YTD Return | 7.98% | 9.25% |
| 1Y Return | 25.54% | 18.30% |
| 3Y Return (Ann) | -10.27% | 3.05% |
| 5Y Return (Ann) | 1.82% | 9.86% |
| 10Y Return (Ann) | 9.09% | 9.80% |
| Sharpe Ratio | 1.59 | 1.80 |
| Sortino Ratio | 2.35 | 2.53 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 0.70 | 1.80 |
| Martin Ratio | 10.27 | 8.16 |
| Ulcer Index | 3.12% | 2.41% |
| Daily Std Dev | 20.10% | 10.95% |
| Max Drawdown | -49.92% | -28.76% |
| Current Drawdown | -31.71% | -5.46% |
Correlation
The correlation between XHE and FHLC is 0.75, 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
XHE vs. FHLC - Performance Comparison
In the year-to-date period, XHE achieves a 7.98% return, which is significantly lower than FHLC's 9.25% return. Over the past 10 years, XHE has underperformed FHLC with an annualized return of 9.09%, while FHLC has yielded a comparatively higher 9.80% 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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XHE vs. FHLC - Expense Ratio Comparison
XHE has a 0.35% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
XHE vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Equipment ETF (XHE) 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
XHE vs. FHLC - Dividend Comparison
XHE's dividend yield for the trailing twelve months is around 0.04%, less than FHLC's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHE SPDR S&P Health Care Equipment ETF | 0.04% | 0.03% | 0.04% | 0.00% | 0.00% | 0.05% | 0.09% | 0.78% | 0.17% | 7.22% | 1.83% | 0.19% |
FHLC Fidelity MSCI Health Care Index ETF | 1.36% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
XHE vs. FHLC - Drawdown Comparison
The maximum XHE drawdown since its inception was -49.92%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for XHE and FHLC. For additional features, visit the drawdowns tool.
Volatility
XHE vs. FHLC - Volatility Comparison
SPDR S&P Health Care Equipment ETF (XHE) has a higher volatility of 5.21% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.01%. This indicates that XHE'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.