FXH vs. FHLC - ETF Comparison
FXH - First Trust Health Care AlphaDEX Fund
The First Trust Health Care AlphaDEX Fund is an equity ETF that tracks the StrataQuant Health Care Index, providing exposure to the U.S. health care sector. It employs a unique quant-based screening methodology to identify stocks poised for outperformance, aiming to generate excess returns relative to traditional cap-weighted benchmarks. With a focus on mid-cap stocks, this fund offers a diversified portfolio with a lower concentration of top holdings, making it a potential option for investors seeking health care exposure with a tactical tilt.
FHLC - Fidelity MSCI Health Care Index ETF
The Fidelity MSCI Health Care Index ETF (FHLC) is a US-based equity fund that tracks the MSCI US IMI 25/50 Health Care Index, providing broad exposure to the healthcare market. With a competitive expense ratio and a diversified portfolio of nearly 400 stocks, including large-cap and small-cap companies, FHLC offers a growth-oriented investment approach.
| FXH | FHLC | |
|---|---|---|
| Fund Name | First Trust Health Care AlphaDEX Fund | Fidelity MSCI Health Care Index ETF |
| Fund Provider | First Trust | Fidelity |
| Index | StrataQuant Health Care Index | MSCI US IMI 25/50 Health Care |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.62% | 0.08% |
| Inception Date | 2007-05-08 | 2013-10-21 |
| Number Of Holdings | 78 | 364 |
| Currency | USD | USD |
| Region | United States | United States |
| Investment Style | Growth | Growth |
| Market Cap | Mid-Cap | Large-Cap |
| Sector | Healthcare | Healthcare |
| Sector Detail | Health Care | Health Care |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.