FHLC vs SPY
Fidelity MSCI Health Care Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
FHLC has a lower expense ratio. FHLC delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FHLC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.09% | |
| AUM | $3.3B | $821.1B | |
| Dividend Yield | 1.29% | 1.01% | |
| Holdings | 341 | 505 | |
| YTD Return | +15.05% | +13.17% | |
| 1Y Return | +32.52% | +21.53% | |
| 3Y Return (annualized) | +12.21% | +22.06% | |
| 5Y Return (annualized) | +6.46% | +13.35% | |
| Volatility (annualized) | 14.5% | 15.3% | |
| Max Drawdown | -29.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Jan 22, 1993 |
FHLC vs SPY Performance
Fidelity MSCI Health Care Index ETF (FHLC) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FHLC returned +32.52% while SPY returned +21.53%. Year to date, FHLC is up 15.05% versus a gain of 13.17% for SPY.
Over three years, FHLC compounded at +12.21% per year against +22.06% for SPY; over five years the annualized figures are +6.46% and +13.35% respectively. Across the full 13-year window we track, FHLC has the edge at +10.63% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.5% for FHLC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.2% for FHLC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FHLC charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, FHLC currently yields 1.29% against 1.01% for SPY.
Holdings Overlap
FHLC and SPY share 60 holdings out of 755 unique holdings combined, representing a 8.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FHLC or SPY?
FHLC has an expense ratio of 0.08% while SPY charges 0.09%. FHLC is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FHLC or SPY?
Over the past year FHLC returned +32.52% vs +21.53% for SPY, so FHLC leads on 1-year performance. Over the longest common window we track (13 years), FHLC annualized +10.63% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, FHLC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for FHLC. Worst drawdown: FHLC -29.2% vs SPY -56.5%.
Should I hold both FHLC and SPY?
FHLC and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FHLC and SPY?
FHLC and SPY share 60 common holdings with a 8.8% weight overlap. Combined, they hold 755 unique securities.
Which pays a higher dividend, FHLC or SPY?
FHLC yields 1.29% while SPY yields 1.01%, so FHLC currently pays the higher dividend yield.
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