FHLC vs VOO
Fidelity MSCI Health Care Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FHLC delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FHLC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $3.3B | $997.4B | |
| Dividend Yield | 1.29% | 1.08% | |
| Holdings | 341 | 509 | |
| YTD Return | +11.24% | +12.95% | |
| 1Y Return | +28.69% | +20.69% | |
| 3Y Return (annualized) | +10.97% | +22.09% | |
| 5Y Return (annualized) | +5.79% | +13.40% | |
| Volatility (annualized) | 14.4% | 14.1% | |
| Max Drawdown | -29.2% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Sep 7, 2010 |
FHLC vs VOO Performance
Fidelity MSCI Health Care Index ETF (FHLC) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FHLC returned +28.69% while VOO returned +20.69%. Year to date, FHLC is up 11.24% versus a gain of 12.95% for VOO.
Over three years, FHLC compounded at +10.97% per year against +22.09% for VOO; over five years the annualized figures are +5.79% and +13.40% respectively. Across the full 13-year window we track, VOO has the edge at +13.50% annualized vs +10.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FHLC has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 VOO charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, FHLC currently yields 1.29% against 1.08% for VOO.
Holdings Overlap
FHLC and VOO share 60 holdings out of 756 unique holdings combined, representing a 8.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FHLC or VOO?
FHLC has an expense ratio of 0.08% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, FHLC or VOO?
Over the past year FHLC returned +28.69% vs +20.69% for VOO, so FHLC leads on 1-year performance. Over the longest common window we track (13 years), FHLC annualized +10.35% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, FHLC or VOO?
FHLC has been the more volatile fund at 14.4% annualized versus 14.1% for VOO. Worst drawdown: FHLC -29.2% vs VOO -34.3%.
Should I hold both FHLC and VOO?
FHLC and VOO 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 VOO?
FHLC and VOO share 60 common holdings with a 8.9% weight overlap. Combined, they hold 756 unique securities.
Which pays a higher dividend, FHLC or VOO?
FHLC yields 1.29% while VOO yields 1.08%, so FHLC currently pays the higher dividend yield.
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