Data as of Oct 28, 2026.
FHLC vs PPH: Differences, Returns & Fees
Over the year to Oct 28, 2026, FHLC returned +25.4% to PPH's +27.4%; 33% of their weight is in the same names.
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Net assets: $3.5bn on Sep 30, 2026 for Fidelity MSCI Health Care Index ETF, and $1.0bn on Oct 27, 2026 for VanEck Pharmaceutical ETF.
Pair scorecard
FHLC costs 0.28 points a year less; their one-year returns differ by 2.0 points.
| Measure | FHLC | PPH |
|---|---|---|
| Return | ||
| Total return, 1 year | +25.4% | +27.4% |
| Benchmark | ||
| What it tracks | MSCI USA IMI Health Care 25/50 Index | MVIS US Listed Pharmaceutical 25 Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.36% |
| Net assets, FHLC as of Sep 30, 2026 and PPH as of Oct 27, 2026 | $3.5bn | $1.0bn |
| Holdings | ||
| Holdings in common | 33% | |
| Top ten holdings, share of the fund | 51.9% | 71.6% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 1, 2013 to Oct 23, 2026 · 677 weekly returnsFHLC returned more: +309.3% to +194.1%. FHLC swung slightly less: 16.6% to 17.3%. FHLC fell less at its worst: −25.2% to −29.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FHLC | PPH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +309.3% | +194.1% | FHLC | Price change plus distributions, reinvested. |
| Annualized | +11.4% | +8.6% | FHLC | Total return as a yearly rate. |
| Price return | +240.0% | +129.4% | FHLC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.6% | 17.3% | FHLC (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.5% | 12.3% | FHLC (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −25.2% | −29.1% | FHLC | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.62 | 0.45 | FHLC | Return above Treasury bills per unit of volatility. |
| Sortino | 0.89 | 0.64 | FHLC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.45 | 0.30 | FHLC | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 677 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FHLC and PPH hold 33% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
33% in common
Only in one fund ↓
Side by side
FHLC and PPH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FHLC and PPH are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FHLC follows MSCI USA IMI Health Care 25/50 Index and PPH follows MVIS US Listed Pharmaceutical 25 Index.
- Holdings in common. 33% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FHLC returned +25.4% and PPH +27.4% with distributions reinvested, a gap of 2.0 points.
Data as of Oct 28, 2026.
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FHLC
FHLC tracks an index. Over the year to Oct 28, 2026 it returned +25.4% with distributions reinvested, against +25.0% for its benchmark, the MSCI USA IMI Health Care 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 334 positions, with the top ten at 51.9%.
PPH
PPH tracks an index. Over the year to Oct 28, 2026 it returned +27.4% with distributions reinvested. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Oct 27, 2026, 59% of the fund by weight is stocks the S&P 500 also holds, across 25 positions, with the top ten at 71.6%.
Questions people ask
- Which returned more over the last year, FHLC or PPH?
- In the year to Oct 28, 2026, with distributions reinvested, FHLC returned +25.4% and PPH +27.4%.
- Which is cheaper, FHLC or PPH?
- FHLC is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FHLC against PPH, data as of Oct 28, 2026. https://etfiq.com/compare/any/fhlc-vs-pph
ETFIQ. (Oct 28, 2026). FHLC against PPH. Retrieved from https://etfiq.com/compare/any/fhlc-vs-pph
[FHLC against PPH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fhlc-vs-pph)
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