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ETFs

Fidelity MSCI Health Care Index ETF

FHLC
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Today’s Change
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Snapshot
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Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$9,993,489
AUM
$2,940,150,321
Associated Index
MSCI USA IMI Health Care 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

UNH
Unitedhealth Group Inc
8.06%
JNJ
Johnson & Johnson
7.27%
ABBV
Abbvie Inc
4.99%
LLY
Lilly(Eli) & Co
4.87%
MRK
Merck & Co Inc
4.85%
PFE
Pfizer Inc.
4.14%
TMO
Thermo Fisher Scientific Inc.
3.90%
ABT
Abbott Laboratories
3.09%
DHR
Danaher Corp.
3.06%
BMY
Bristol-Myers Squibb Co.
2.58%
Invest with FHLC

What is FHLC?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care 25/50 Index.

ETFs related toFHLC

ETFs correlated to FHLC include VHT, IYH, RXL

FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
RXL
ProShares Trust - ProShares Ultra Health Care 2X Shares
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
XLV
SSgA Active Trust - Health Care Select Sector SPDR
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
RYH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
IHE
BlackRock Institutional Trust Company N.A. - iShares U.S. Pharmaceuticals ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFHLC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FHLC using Composer

FAQ

FHLC is a US Equities ETF. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care 25/50 Index.

FHLC tracks the MSCI USA IMI Health Care 25/50 Index.

No, FHLC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FHLC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FHLC is -0.0325%. This is the percent change in the value of FHLC over the most recent 1-month period. The 3-month return on FHLC is -0.0435%. This is the percent change in the value of FHLC over the most recent 3-month period.

The standard deviation of FHLC for the past year is 0.1899%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FHLC include XLK, XLU, and XLY.

ETFs correlated to FHLC include VHT, IYH, and RXL.

ETFs that are inversely correlated to FHLC include DXD, DOG, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.