Fidelity® MSCI Health Care Index ETF

10-Year Study

FHLC.US · · US · ETF

Executive Summary: Fidelity® MSCI Health Care Index ETF has compounded at 9.3% annually over the last 10 years, with a maximum drawdown of 15.1% and an annualized volatility of 14.9%.

1Y CAGR
+15.4%
3Y CAGR
+6.8%
5Y CAGR
+4.2%
10Y CAGR
+9.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
15.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.44
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.81
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
14.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +23.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -5.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-0.22.9-7.80.6————————-4.7%
20256.90.3-2.1-3.5-4.72.2-2.85.62.24.18.9-1.715.4%
20242.33.32.4-5.32.31.93.14.8-1.5-4.40.8-6.52.5%
2023-0.7-4.51.83.1-4.04.21.0-1.1-3.6-3.95.75.52.6%
2022-7.9-1.05.2-6.10.9-2.24.0-5.3-3.18.74.6-2.1-5.5%
20212.3-1.82.04.10.93.33.72.3-5.44.4-3.97.620.4%
2020-2.6-6.1-4.913.34.3-1.65.12.4-1.5-2.68.74.118.1%
20196.01.70.3-2.7-2.77.2-1.2-1.1-0.94.86.13.321.9%
20186.8-4.2-2.40.91.51.75.95.02.2-7.76.6-9.25.5%
20172.76.6-0.41.70.75.00.32.01.2-0.83.1-0.623.3%
2016———3.02.60.45.4-3.00.0-7.12.70.43.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 14.9%. The dominant macroeconomic risk driver is QUAL.US, accounting for 45.1% of variance. Idiosyncratic stock-specific factors contribute 16.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110303.30998787484
2016-05-0110566.588848471687
2016-06-0110607.343865935536
2016-07-0111184.610094648642
2016-08-0110845.793293157429
2016-09-0110846.15523825036
2016-10-0110081.075700816187
2016-11-0110351.846824836672
2016-12-0110391.443618003148
2017-01-0110669.453643882223
2017-02-0111370.867039470113
2017-03-0111321.244367229492
2017-04-0111517.81674719945
2017-05-0111600.231644859476
2017-06-0112183.723329170965
2017-07-0112221.908536475017
2017-08-0112463.760247570444
2017-09-0112616.7544383517
2017-10-0112511.392221799955
2017-11-0112900.881336301285
2017-12-0112817.308214343886
2018-01-0113689.089165173644
2018-02-0113112.184881553469
2018-03-0112803.771467868324
2018-04-0112916.300197260076
2018-05-0113109.253126300739
2018-06-0113325.587708344647
2018-07-0114112.854479975389
2018-08-0114819.479884901462
2018-09-0115143.239770526812
2018-10-0113978.102321877772
2018-11-0114897.26188537199
2018-12-0113525.888122771774
2019-01-0114334.401071357477
2019-02-0114573.357221709468
2019-03-0114618.889914399986
2019-04-0114225.998516025118
2019-05-0113846.897225690864
2019-06-0114840.110755198437
2019-07-0114655.446368785855
2019-08-0114487.322873120147
2019-09-0114353.982300884956
2019-10-0115048.989268327994
2019-11-0115965.759994208878
2019-12-0116493.186383625605
2020-01-0116062.109777946687
2020-02-0115083.953164304976
2020-03-0114343.485893190005
2020-04-0116252.384313299675
2020-05-0116943.192717664733
2020-06-0116667.78869645475
2020-07-0117525.128038076626
2020-08-0117947.083627413722
2020-09-0117674.647555965763
2020-10-0117217.655681633096
2020-11-0118719.65542827153
2020-12-0119484.19204806631
2021-01-0119936.261469135134
2021-02-0119568.52525471886
2021-03-0119961.30806956585
2021-04-0120770.47251931882
2021-05-0120949.888701883923
2021-06-0121642.362053676457
2021-07-0122440.306205548623
2021-08-0122959.80599743019
2021-09-0121728.215429719312
2021-10-0122678.24890964041
2021-11-0121799.735780082163
2021-12-0123457.661472754582
2022-01-0121599.0734205621
2022-02-0121387.26315217981
2022-03-0122508.026132435712
2022-04-0121133.394863999132
2022-05-0121332.24749805455
2022-06-0120870.912282606732
2022-07-0121699.947517961526
2022-08-0120547.5505365836
2022-09-0119904.301717429465
2022-10-0121640.950467814033
2022-11-0122638.76070000181
2022-12-0122156.21550210833
2023-01-0121993.484988327273
2023-02-0120996.145284760303
2023-03-0121368.876341459
2023-04-0122022.440595761625
2023-05-0121139.43934705105
2023-06-0122022.368206743038
2023-07-0122245.68832908048
2023-08-0122004.922453263844
2023-09-0121210.09102919087
2023-10-0120390.82831134517
2023-11-0121553.214977287946
2023-12-0122728.667861085476
2024-01-0123259.206978301394
2024-02-0124032.176918761423
2024-03-0124598.657183705232
2024-04-0123290.623812367667
2024-05-0123819.49798215611
2024-06-0124271.67598675281
2024-07-0125032.375988562537
2024-08-0126242.430823244114
2024-09-0125845.304667281973
2024-10-0124716.361727925876
2024-11-0124922.27229129341
2024-12-0123293.085038999583
2025-01-0124889.950594494818
2025-02-0124964.80083971262
2025-03-0124441.138679262356
2025-04-0123586.151980744522
2025-05-0122466.402446748827
2025-06-0122971.894963534032
2025-07-0122339.649275204953
2025-08-0123589.73523716452
2025-09-0124114.157482309936
2025-10-0125109.434098847207
2025-11-0127352.444034240005
2025-12-0126885.281502796028
2026-01-0126830.989738856617
2026-02-0127609.171688654835
2026-03-0125466.456738512767
2026-04-0125629.332030331003
Annual Return Matrix
YearAnnual Return
20170.23344827586206907
20180.0552830513691569
20190.21937918116135946
20200.1813479575668997
20210.20393298397418635
2022-0.055480635704366565
20230.02583710015470242
20240.024832831442817005
20250.15421729057280453
2026-0.04671513193322563
Total Factor Risk
0.14920258803346134
VTI.US Exposure
0.08128375255255796
VEA.US Exposure
-0.024318332756765176
VWO.US Exposure
-0.01538049789707778
QQQ.US Exposure
-0.1318227931263526
VTV.US Exposure
0.06207747709301666
IJR.US Exposure
-0.06875885394383709
QUAL.US Exposure
0.45112408179141006
SHV.US Exposure
0.2832050538848733
TLT.US Exposure
0.07553267110545939
LQD.US Exposure
-0.04233522173279785
HYG.US Exposure
0.06677207604627655
GLD.US Exposure
0.008239874920233342
USO.US Exposure
0.011834781479807049
VNQ.US Exposure
0.05033804247593607
BTC-USD.CC Exposure
-0.006381428899579966
CPER.US Exposure
0.001750402637582786
VIX.INDX Exposure
0.013085679811623731
UUP.US Exposure
0.024849515577605716
TIP.US Exposure
-0.008463600307697047
Idiosyncratic Exposure
0.167367319287725
Value Score
43
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
16.3
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
14.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →17.6x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.36%
Market Cap$115.5B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$83
Avg Yield on Cost
0.83%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$82.890.83%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
7.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.73
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® MSCI Health Care Index ETF a high-risk investment?

Fidelity® MSCI Health Care Index ETF (FHLC.US) has an annualized volatility of 14.9% and experienced a maximum drawdown of 15.1% over the last 10 years. Its primary macro risk driver is QUAL.US.

What is the 10-year return of FHLC.US?

Over the past 10 years, FHLC.US has generated a Compound Annual Growth Rate (CAGR) of 9.3%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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