Fidelity MSCI Health Care ETF (FHLC) Performance
FHLC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.9% since Dec 31, 2025
- 1 year
- +24.3% total return
- 5 years
- +7.0% a year
- 10 years
- +11.6% a year
- Since first price
- +11.6% a year since 2013
FHLC trailing returns vs SPY, QQQ, AGG
| Period | FHLC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.2% | +5.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +10.0% | +9.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +22.7% | +21.9% | +7.8% | +8.4% | −1.5% |
| YTD | +16.9% | +15.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.3% | +22.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.0%+14.7%/yr | +44.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +40.5%+7.0%/yr | +30.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +200.4%+11.6%/yr | +158.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 24, 2013 | +313.9%+11.6%/yr | +241.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FHLC vs SPY
From Oct 24, 2013: FHLC grew to $41,395, SPY to $53,980.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FHLC returns by calendar year
10 of 12 full years positive. Best 2014 (+25.1%), worst 2022 (−5.5%). 2026 is year to date.
FHLC annual returns table
| Year | FHLC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.9% | −10.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.4% | −13.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.5% | −12.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.6% | −10.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.5% | −16.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +20.4% | −8.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +18.1% | −28.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.9% | −7.6% | +31.2% | +39.0% | +8.5% |
| 2018 | +5.5% | −17.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.3% | −4.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −3.4% | −12.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +7.1% | −17.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +25.1% | −8.3% | +13.5% | +19.2% | +6.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FHLC largest drawdowns
Now 1.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −28.8% | Mar 23, 2020 | Jun 8, 2020 | 33 days | 4 months |
| Jul 20, 2015 | −20.4% | Feb 11, 2016 | Jun 1, 2017 | 7 months | 1.9 years |
| Dec 30, 2021 | −17.7% | Jun 16, 2022 | Feb 5, 2024 | 6 months | 2.1 years |
| Oct 1, 2018 | −17.0% | Dec 24, 2018 | Nov 8, 2019 | 3 months | 1.1 years |
| Sep 16, 2024 | −16.9% | May 14, 2025 | Nov 12, 2025 | 8 months | 1.2 years |
| Jan 26, 2018 | −12.1% | Apr 2, 2018 | Aug 2, 2018 | 2 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FHLC risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +12.1% | +6.6% | +10.7% | +11.2% |
| Volatility (annualized) | 14.2% | 14.7% | 14.7% | 14.3% |
| Sharpe ratio | 0.57 | 0.26 | 0.61 | 0.69 |
| Sortino ratio | 0.89 | 0.39 | 0.98 | 1.10 |
| Best month | +8.9% | +8.9% | +13.3% | +13.3% |
| Worst month | −7.5% | −7.9% | −9.2% | −9.3% |
| Best 12 months | +28.5% | +28.5% | +39.2% | +39.2% |
| Worst 12 months | −10.8% | −10.8% | −10.8% | −10.8% |
| Positive months | 64% | 57% | 61% | 63% |
| Beta vs S&P 500 | 0.48 | 0.59 | 0.69 | — |
| Correlation with S&P 500 | 0.42 | 0.62 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FHLC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 145 | −10.8% | +10.6% | +39.2% | 79% |
| 3-year (a year) | 121 | −0.2% | +10.1% | +20.1% | 99% |
| 5-year (a year) | 97 | +4.2% | +10.4% | +17.7% | 100% |
| 10-year (a year) | 37 | +6.9% | +9.9% | +12.0% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
FHLC performance overview
Fidelity MSCI Health Care ETF (FHLC) returned +24.3% over the past year and +11.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +11.6% a year, turning $10,000 into about $41,395. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.8%, from Feb 19, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. FHLC finished 10 of its 12 full calendar years with a gain; the best year was 2014 (+25.1%) and the worst 2022 (−5.5%). Volatility has been 14.3% a year.
Related: FHLC chart, FHLC holdings, FHLC dividends, FHLC valuation. See the FHLC overview for the latest quote and fund facts.
FHLC performance FAQ
What is the FHLC return over the past year?
FHLC returned +24.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 22.6%.
What is the average annual return of FHLC?
FHLC has returned +7.0% a year over 5 years, +11.6% a year over 10 years, +11.6% a year since October 24, 2013 (total return, distributions reinvested).
How much would $10,000 invested in FHLC be worth?
$10,000 invested in FHLC at its first recorded close on October 24, 2013 would be worth about $41,395 on October 23, 2026 with distributions reinvested.
What was the worst year for FHLC?
The worst calendar year was 2022, with a total return of −5.5%. The best was 2014 at +25.1%.
What is the biggest drawdown of FHLC?
The largest peak-to-trough decline was −28.8% between February 19, 2020 and March 23, 2020. It recovered to the old high on June 8, 2020, 3 months after the bottom.
How volatile is FHLC?
Over the past 3 years FHLC had an annualized volatility of 14.2% and a Sharpe ratio of 0.57 (excess return over 1–3 month T-bills per unit of risk).