Data as of Oct 28, 2026.
FHLC vs VHT: Differences, Returns & Fees
Over the year to Oct 28, 2026, FHLC returned +25.4% to VHT's +25.0%; 95% of their weight is in the same names.
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Net assets on Sep 30, 2026: $3.5bn for Fidelity MSCI Health Care Index ETF and $19.1bn for Vanguard Health Care ETF.
Pair scorecard
FHLC costs 0.01 points a year less; their one-year returns differ by 0.4 points; VHT is 5.5 times larger.
| Measure | FHLC | VHT |
|---|---|---|
| Return | ||
| Total return, 1 year | +25.4% | +25.0% |
| Benchmark | ||
| What it tracks | MSCI USA IMI Health Care 25/50 Index | MSCI US Investable Market Index (IMI)/Health Care 25/50 |
| Cost and size | ||
| Expense ratio | 0.08% | 0.09% |
| Net assets, as of Sep 30, 2026 | $3.5bn | $19.1bn |
| Holdings | ||
| Holdings in common | 95% | |
| Top ten holdings, share of the fund | 51.9% | 51.8% |
Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026. Method
Risk and return
Nov 1, 2013 to Oct 23, 2026 · 677 weekly returnsEach against its own benchmark: FHLC against VHT, Nov 1, 2013 to Oct 23, 2026; VHT against FHLC, Nov 1, 2013 to Oct 23, 2026.
FHLC and VHT returned about the same: +309.3% and +314.3%. FHLC and VHT swung about the same: 16.6% and 16.7%. FHLC and VHT fell about the same at their worst: −25.2% and −25.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FHLC | VHT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +309.3% | +314.3% | Tie | Price change plus distributions, reinvested. |
| Annualized | +11.4% | +11.5% | Tie | Total return as a yearly rate. |
| Price return | +240.0% | +242.2% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.6% | 16.7% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.5% | 11.6% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −25.2% | −25.6% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 99.1% | 100.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.7% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.62 | 0.62 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.89 | 0.89 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.104 | 0.103 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.45 | 0.45 | Tie | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VHT | FHLC | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.07 | 0.17 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.4% | −0.4% to +0.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.15 | 0.15 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.8% | 0.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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 VHT hold 95% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.
half
95% in common
Only in one fund ↓
Side by side
FHLC and VHT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FHLC and VHT are close to the same fund. What, if anything, separates them?
- What each follows. FHLC follows MSCI USA IMI Health Care 25/50 Index and VHT follows MSCI US Investable Market Index (IMI)/Health Care 25/50.
- Size. FHLC has $3.5bn in net assets and VHT $19.1bn (net assets, as of Sep 30, 2026); VHT is 5.5 times larger.
- Holdings in common (similar). 95% of the weight is in the same securities (holdings dated Jul 31, 2026 and Sep 30, 2026).
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%.
VHT
VHT tracks an index of Health Care. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +25.4% for its benchmark, the MSCI US Investable Market Index (IMI)/Health Care 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 414 positions, with the top ten at 51.8%.
Questions people ask
- Which returned more over the last year, FHLC or VHT?
- In the year to Oct 28, 2026, with distributions reinvested, FHLC returned +25.4% and VHT +25.0%.
- Which is cheaper, FHLC or VHT?
- FHLC is cheaper, by 0.01 percentage points a year. That is about $1 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.
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ETFIQ, FHLC against VHT, data as of Oct 28, 2026. https://etfiq.com/compare/any/fhlc-vs-vht
ETFIQ. (Oct 28, 2026). FHLC against VHT. Retrieved from https://etfiq.com/compare/any/fhlc-vs-vht
[FHLC against VHT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fhlc-vs-vht)
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