Fidelity MSCI Health Care Index ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
1.8x
P/BV
ratio
4.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fidelity MSCI Health Care Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care Index.

FUND BASICS
Category US Equities
Fund Sponsor FMR LLC
Website www.fidelity.com
Inception date Oct 24, 2013
Assets (mns) $1,903
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 354
Wgt avg mkt cap (mns) $122,501
Large cap (>$10bn) 88.0%
Mid cap ($2-10bn) 8.6%
Small cap (<$2bn) 3.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 8.7 %
UNITEDHEALTH GROUP INC 6.3 %
PFIZER INC 4.7 %
MERCK & CO. INC. 4.4 %
ABBVIE INC 3.7 %
ABBOTT LABORATORIES 3.7 %
BRISTOL-MYERS SQUIBB CO 3.2 %
THERMO FISHER SCIENTIFIC INC 3.1 %
AMGEN INC 3.1 %
ELI LILLY & CO 3.0 %
Total 43.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
IRELAND 3.8 %
BRITAIN 0.4 %
NETHERLANDS 0.1 %
SWITZERLAND 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.5% 14.2% 8.9% -- 12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.82 72%
MSCI EAFE 0.76 54%
MSCI Emg. Mkts. 0.58 50%

Technical Indicators
Recent close $49.61
30d moving avg. $48.66
Annualized volatility 16.1%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.9%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 388
Turnover 1.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $33,643

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Fidelity MSCI Health Care Index ETF ETF based on the alternatives' overlap in portfolio holdings with FHLC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FHLC Expense: 8 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FHLC
Ticker Fund
Name
Overlap1
vs FHLC
(%)
Expense
ratio
(bp)
Savings
vs FHLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs FHLC
(%)
VHT Vanguard Health Care Index Fund 98.0 10 -2 5.5 -0.2
IYH iShares U.S. Healthcare ETF 91.5 43 -35 6.1 +0.5
XLV Health Care Select Sector SPDR Fund 84.3 13 -5 7.0 +1.4
JHMH John Hancock Multifactor Healthcare ETF 77.4 40 -32 6.0 +0.4
IXJ iShares Global Healthcare ETF 67.2 46 -38 6.3 +0.7
IEHS iShares Evolved U.S. Healthcare Staples ETF 58.6 18 -10 5.6 -0.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 53.7 40 -32 6.5 +0.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 52.4 18 -10 3.9 -1.7
FXH First Trust Health Care AlphaDEX Fund 41.2 62 -54 4.4 -1.2
PJP Invesco Dynamic Pharmaceuticals ETF 36.8 56 -48 11.0 +5.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 35.5 60 -52 6.3 +0.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 33.5 60 -52 7.1 +1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 30.6 15 -7 4.8 -0.8
GDNA Goldman Sachs Motif Human Evolution ETF 28.8 50 -42 0.3 -5.3
PPH VanEck Vectors Pharmaceutical ETF 27.3 36 -28 10.1 +4.5
IHE iShares U.S. Pharmaceuticals ETF 27.1 42 -34 5.3 -0.3
LNGR Global X Longevity Thematic ETF 27.0 50 -42 3.2 -2.4
IHI iShares U.S. Medical Devices ETF 26.1 43 -35 3.5 -2.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 25.5 75 -67 6.1 +0.5
MGV Vanguard Mega Cap Value ETF 24.9 7 1 7.2 +1.6
SPHQ Invesco S&P 500 Quality ETF 24.1 15 -7 5.2 -0.4
HLAL Wahed FTSE USA Shariah ETF 23.9 50 -42 4.8 -0.8
XPH SPDR S&P Pharmaceuticals ETF 22.9 35 -27 4.8 -0.8
VTV Vanguard Value Index Fund 22.8 4 4 7.4 +1.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 22.8 12 -4 4.9 -0.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 22.4 68 -60 0.6 -5.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.5 60 -52 4.6 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 21.4 48 -40 5.8 +0.1
SPYV SPDR Portfolio S&P 500 Value ETF 21.3 4 4 7.4 +1.8
IVE iShares S&P 500 Value ETF 21.3 18 -10 7.3 +1.7
VOOV Vanguard S&P 500 Value ETF 21.0 15 -7 7.3 +1.7
SPXT ProShares S&P 500 Ex-Technology ETF 20.6 27 -19 5.8 +0.2
IUSV iShares Core S&P U.S. Value ETF 20.4 4 4 7.5 +1.9
XHE SPDR S&P Health Care Equipment ETF 20.3 35 -27 1.9 -3.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 19.7 49 -41 4.3 -1.4
RBUS Nationwide Risk-Based U.S. Equity ETF 19.5 30 -22 5.2 -0.4
FTCS First Trust Capital Strength ETF 19.5 60 -52 5.0 -0.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.3 25 -17 6.1 +0.4
SPLV Invesco S&P 500 Low Volatility ETF 19.2 25 -17 5.8 +0.2
AIEQ AI Powered Equity ETF 18.9 87 -79 3.6 -2.0
IBB iShares NASDAQ Biotechnology ETF 18.7 47 -39 0.4 -5.2
IWX iShares Russell Top 200 Value ETF 18.7 20 -12 7.1 +1.5
JKF iShares Morningstar Large Cap Value ETF 18.6 25 -17 7.7 +2.1
HDV iShares Core High Dividend ETF 18.5 8 0 6.6 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.4 12 -4 5.2 -0.4
PWV Invesco Dynamic Large Cap Value ETF 18.4 55 -47 8.4 +2.7
RAFE PIMCO RAFI ESG U.S. ETF 18.2 29 -21 7.8 +2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.9 17 -9 7.1 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 17.9 75 -67 4.7 -0.9
VFMO Vanguard U.S. Momentum Factor ETF 17.8 13 -5 2.2 -3.5
PTH Invesco DWA Healthcare Momentum ETF 17.4 60 -52 -2.4 -8.0
SPXN ProShares S&P 500 Ex-Financials ETF 17.3 27 -19 5.2 -0.4
VYM Vanguard High Dividend Yield Index ETF 17.2 6 2 7.3 +1.7
IHF iShares U.S. Healthcare Providers ETF 17.2 43 -35 7.2 +1.6
SCHV Schwab U.S. Large-Cap Value ETF 17.2 4 4 7.2 +1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.9 28 -20 6.6 +1.0
SFY SoFi Select 500 ETF 16.7 0 8 5.5 -0.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.6 49 -41 5.7 +0.1
DSTL Distillate US Fundamental Stability & Value ETF 16.5 39 -31 6.6 +1.0
JKE iShares Morningstar Large-Cap Growth ETF 16.3 25 -17 3.6 -2.0
JVAL JPMorgan U.S. Value Factor ETF 16.2 12 -4 9.0 +3.4
ESGV Vanguard ESG U.S. Stock ETF 16.1 12 -4 5.4 -0.2
IUS Invesco Strategic US ETF 16.1 19 -11 6.4 +0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.1 66 -58 2.7 -2.9
TTAC TrimTabs Float Shrink ETF 16.1 59 -51 3.7 -1.9
DGRO iShares Core Dividend Growth ETF 16.1 8 0 6.6 +1.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 15.9 34 -26 5.4 -0.2
PBP Invesco S&P 500 BuyWrite ETF 15.9 49 -41 5.3 -0.3
FMK First Trust Mega Cap AlphaDEX Fund 15.9 70 -62 5.4 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.8 9 -1 5.7 +0.1
XT iShares Exponential Technologies ETF 15.8 47 -39 5.5 -0.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 15.7 7 1 6.7 +1.1
DEF Invesco Defensive Equity ETF 15.7 55 -47 5.2 -0.4
IWL iShares Russell Top 200 ETF 15.7 15 -7 5.3 -0.4
XBI SPDR S&P BIOTECH ETF 15.7 35 -27 -3.9 -9.5
FDRR Fidelity Dividend ETF for Rising Rates 15.7 29 -21 7.1 +1.5
HSPX Global X S&P 500 Covered Call ETF 15.6 65 -57 5.2 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 15.6 27 -19 5.5 -0.1
IQSU IQ Candriam ESG US Equity ETF 15.5 9 -1 5.4 -0.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 15.5 29 -21 7.0 +1.4
CACG ClearBridge All Cap Growth ETF 15.5 54 -46 4.6 -1.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.4 52 -44 6.2 +0.6
QDEF FlexShares Quality Dividend Defensive Index Fund 15.4 37 -29 6.4 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 15.4 55 -47 3.6 -2.1
DLN WisdomTree U.S. LargeCap Dividend Fund 15.4 28 -20 6.5 +0.8
IWD iShares Russell 1000 Value ETF 15.4 19 -11 7.2 +1.6
RWL Invesco S&P 500 Revenue ETF 15.4 39 -31 7.0 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.3 20 -12 5.6 -0.0
VXF Vanguard Extended Market Index Fund 15.3 7 1 4.0 -1.6
QDF FlexShares Quality Dividend Index Fund 15.3 37 -29 6.9 +1.3
ROUS Hartford Multifactor US Equity ETF 15.3 19 -11 7.3 +1.7
FBT First Trust NYSE Arca Biotechnology Index Fund 15.2 57 -49 -1.0 -6.6
IWV iShares Russell 3000 ETF 15.1 20 -12 5.3 -0.3
MGC Vanguard Mega Cap Index Fund 15.1 7 1 5.4 -0.2
VONV Vanguard Russell 1000 Value Index Fund 15.1 8 0 7.3 +1.7
VTI Vanguard Total Stock Market Index Fund 15.1 3 5 5.4 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 15.1 12 -4 5.3 -0.3
SCHB Schwab U.S. Broad Market ETF 15.1 3 5 5.5 -0.1
SPLG SPDR Portfolio Large Cap ETF 15.0 3 5 5.6 +0.0
SPY SPDR S&P 500 ETF Trust 15.0 9 -1 5.6 -0.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity MSCI Health Care Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.5 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.