Category Review
Health care funds trail the S&P 500 this year
Fidelity MSCI Health Care Index ETF
$88.24−0.32 (−0.36%)
- 0.08%
- $3.54B
- +28.9%
- 1.15%
- 246K sh
- low $68.46high $90.05
The ETF.net FHLC Grade
A
Score 83 out of 100
- 2 of 25
Score 83 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A98 out of 100Rank 1 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 3 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A79 out of 100Rank 2 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 4 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 15 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 6 of 25
Our read on FHLC
In short
AHealth care, whole market. FHLC tracks an MSCI index that runs from mega-cap pharma down to small-cap biotech and device makers, roughly 400 names, for 0.08% a year.
Stated mandate
The fund seeks to track the performance of the MSCI USA IMI Health Care Index before fees and expenses.
Why people hold it
Worth knowing
FHLC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FHLC$12,894
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FHLC |
|---|---|
| Year to date | +20.4% |
| 1 month | +8.4% |
| 3 months | +12.8% |
| 1 year | +28.9% |
| 3 years | +16.7% |
| 5 years | +7.4% |
| 10 years | +12.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FHLC |
|---|---|---|
| 2026 YTD | +20.4% | |
| 2025 | +15.4% | |
| 2024 | +2.5% | |
| 2023 | +2.6% | |
| 2022 | −5.5% | |
| 2021 | +20.4% | |
| 2020 | +18.2% |
FHLC in the news
FHLC Dividends
- 1.15%
- $1.02
- $0.25 per share
- Quarterly
FHLC Risk
- 14.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.83
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.59
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FHLC Cost
Overpaying vs XLV, cheapest in Health Care (Broad)
$84
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FHLC 0.084%
$1,773
XLV 0.08% Cheapest
$1,689
Cost over time
Year by year
| Year | FHLC | XLV | Overpaying |
|---|---|---|---|
| 10 | $154 | $147 | $7 |
| 20 | $603 | $575 | $28 |
| 30 | $1,773 | $1,689 | $84 |
Other funds in Health Care (Broad)
- AXLVState Street Health Care Select Sector SPDR ETFExpense ratio 0.08%1 year return +30.3%
- AVHTVanguard Health Care ETFExpense ratio 0.09%1 year return +28.7%
- AXHSState Street SPDR S&P Health Care Services ETFExpense ratio 0.35%1 year return +39.7%
- AIYHiShares U.S. Healthcare ETFExpense ratio 0.37%1 year return +29.4%
- BIXJiShares Global Healthcare ETFExpense ratio 0.38%1 year return +25.5%
