Fidelity MSCI Health Care ETF down 5% year to date
The Fidelity MSCI Health Care ETF has underperformed the S&P 500, with a 5% decline year to date compared to the S&P 500’s 7% gain.
Over five years, the ETF has returned 15%, significantly lower than the S&P 500’s 80% return.
The ETF’s performance is heavily influenced by its large holdings in mega-cap pharmaceutical companies, such as Eli Lilly, which accounts for over 12% of the portfolio.