FHLC — Fidelity MSCI Health Care Index ETF

FHLC Price Performance — Growth of $10,000

Value of a $10,000 investment in FHLC over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FHLC Drawdown

The "underwater" chart: FHLC's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity MSCI Health Care Index ETF (FHLC) is a Healthcare sector fund managed by Fidelity Investments with $3.22 billion in assets under management. It holds an overall rank of #86 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 71.7/100. The fund charges an expense ratio of 0.084% and offers a dividend yield of 1.32%. Trading at a price of $81.00, the fund's substantial asset base suggests significant investor adoption within the 11 ETFs tracked in the Healthcare category. This combination of low cost and moderate income profile positions the fund as a widely utilized vehicle for sector exposure. The high asset count relative to the category size indicates it is a central holding for many investors seeking healthcare sector participation.

Short-term returns show strong momentum with a 1-day gain of +2.20% and a 1-week increase of +3.81%. The 1-month return of +4.02% continues this upward trajectory, while the 3-month period reflects a significant acceleration to +17.07%. Over the half-year mark, the fund posted a +7.56% return, and year-to-date performance stands at +9.39%. The 1-year return reached +26.80%, and the 3-year return totals +33.58%, indicating sustained growth over the longer term. This pattern demonstrates a consistent positive trend across all measured horizons from daily performance through the three-year period.

The fund carries a Moderate volatility label and a beta of 0.57, suggesting it moves less than the broader market. A Sharpe ratio of 1.42 indicates that the returns generated per unit of risk taken are relatively high. The maximum drawdown of -16.87% represents the largest peak-to-trough decline experienced during the measurement period. This combination of low beta and high Sharpe ratio implies the fund has provided efficient returns with limited downside relative to its peers. The moderate volatility and specific drawdown figure suggest a balanced risk profile that has managed market fluctuations effectively while delivering positive returns.

AI-generated summary based on the data on this page.

FHLC Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 50.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FHLC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FHLC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FHLC's top 10 — VHT overlaps most, holding 10 of the same companies as FHLC's top 10 (50.6% of FHLC's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FHLC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 11.40% and average daily volume is 209K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $3.22B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FHLC is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FHLC Performance History

How FHLC Compares to Other Healthcare ETFs