XLV vs. FHLC
Compare and contrast key facts about Health Care Select Sector SPDR Fund (XLV) and Fidelity MSCI Health Care Index ETF (FHLC).
XLV and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. 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 XLV 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: XLV or FHLC.
Performance
XLV vs. FHLC - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with XLV having a 5.95% return and FHLC slightly higher at 6.06%. Both investments have delivered pretty close results over the past 10 years, with XLV having a 9.43% annualized return and FHLC not far behind at 9.29%.
XLV
5.95%
-5.58%
-1.73%
11.81%
9.67%
9.43%
FHLC
6.06%
-5.31%
-0.75%
13.33%
8.96%
9.29%
Key characteristics
| XLV | FHLC | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.21 |
| Sortino Ratio | 1.63 | 1.72 |
| Omega Ratio | 1.21 | 1.22 |
| Calmar Ratio | 1.27 | 1.41 |
| Martin Ratio | 4.56 | 5.10 |
| Ulcer Index | 2.74% | 2.70% |
| Daily Std Dev | 10.83% | 11.31% |
| Max Drawdown | -39.18% | -28.76% |
| Current Drawdown | -8.79% | -8.22% |
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XLV vs. FHLC - Expense Ratio Comparison
XLV has a 0.12% expense ratio, which is higher than FHLC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between XLV 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
XLV vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Health Care Select Sector SPDR Fund (XLV) 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
XLV vs. FHLC - Dividend Comparison
XLV's dividend yield for the trailing twelve months is around 1.59%, more than FHLC's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLV Health Care Select Sector SPDR Fund | 1.59% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
FHLC Fidelity MSCI Health Care Index ETF | 1.41% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
XLV vs. FHLC - Drawdown Comparison
The maximum XLV drawdown since its inception was -39.18%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for XLV and FHLC. For additional features, visit the drawdowns tool.
Volatility
XLV vs. FHLC - Volatility Comparison
The current volatility for Health Care Select Sector SPDR Fund (XLV) is 3.66%, while Fidelity MSCI Health Care Index ETF (FHLC) has a volatility of 3.99%. This indicates that XLV 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.