FHLC vs IWM: Holdings Overlap
FHLCFidelity MSCI Health Care Index ETF
Fidelity · 337 holdings · $3.3B · as of 2026-04-30
iShares · 1941 holdings · $82.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (FHLC: 2026-04-30, IWM: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FHLC and IWM?
Fidelity MSCI Health Care Index ETF (FHLC, by Fidelity) holds 337 positions; iShares Russell 2000 ETF (IWM, by iShares) holds 1941. They have 220 holdings in common, and by portfolio weight the two funds are 7.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 220FHLC holds 337 · IWM holds 1941
- Weight in Shared Holdings
- FHLC 7%·IWM 16%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FHLC
117 of 337 positions (92.4% of the fund) are not held by IWM. Showing the top 30 by weight.
Sector Breakdown
| Sector | FHLC | IWM |
|---|---|---|
| Health Care | 99.6% | 16.6% |
| Industrials | 0.0% | 17.9% |
| Financials | 0.0% | 15.3% |
| Information Technology | 0.0% | 13.6% |
| Consumer Discretionary | 0.0% | 8.0% |
| Other Sectors | 0.0% | 22.7% |
| Unclassified | 0.0% | 5.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of FHLC, 5% of IWM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FHLC | +0.7% | +9.3% | +33.0% | +10.0% | +5.3% | +10.1% | 1.26% |
| IWM | +1.8% | +23.0% | +38.6% | +17.1% | +7.5% | +10.8% | 0.88% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FHLC vs IWM →
Shared Holdings(220)
The top 10 shared positions account for 19% of the overlap, led by ENSG, BBIO and GH.
 ENSGEnsign Group, Inc. (The) | 0.17% | 0.38% | 0.17% |
|---|---|---|---|
 BBIOBridgebio Pharma, Inc. | 0.17% | 0.40% | 0.17% |
 GHGuardant Health, Inc. | 0.16% | 0.39% | 0.16% |
 ARWRArrowhead Pharmaceuticals, Inc. | 0.15% | 0.29% | 0.15% |
 GKOSGlaukos Corp. | 0.13% | 0.20% | 0.13% |
 MDGLMadrigal Pharmaceuticals, Inc. | 0.12% | 0.30% | 0.12% |
 PRAXPraxis Precision Medicines, Inc. | 0.12% | 0.28% | 0.12% |
 CYTKCytokinetics, Inc. | 0.12% | 0.27% | 0.12% |
 AXSMAxsome Therapeutics, Inc. | 0.12% | 0.24% | 0.12% |
 HQYHealthEquity, Inc. | 0.11% | 0.24% | 0.11% |
 BTSGBrightSpring Health Services, Inc. | 0.11% | 0.19% | 0.11% |
 PCVXVaxcyte, Inc. | 0.11% | 0.25% | 0.11% |
 KRYSKrystal Biotech, Inc. | 0.09% | 0.22% | 0.09% |
 LNTHLantheus Holdings, Inc. | 0.09% | 0.17% | 0.09% |
 HIMSHims & Hers Health, Inc., Class A | 0.09% | 0.14% | 0.09% |
 ALKSAlkermes PLC | 0.09% | 0.20% | 0.09% |
 TGTXTG Therapeutics, Inc. | 0.08% | 0.16% | 0.08% |
 PTGXProtagonist Therapeutics, Inc. | 0.08% | 0.21% | 0.08% |
 PTCTPTC Therapeutics, Inc. | 0.08% | 0.18% | 0.08% |
 RYTMRhythm Pharmaceuticals, Inc. | 0.07% | 0.16% | 0.07% |
 LGNDLigand Pharmaceuticals, Inc. | 0.07% | 0.13% | 0.07% |
 1CGCRISPR Therapeutics AG | 0.07% | 0.15% | 0.07% |
 XENEXenon Pharmaceuticals, Inc. | 0.07% | 0.17% | 0.07% |
 IRTCIRhythm Holdings, Inc. | 0.07% | 0.13% | 0.07% |
 MMSIMerit Medical Systems, Inc. | 0.07% | 0.14% | 0.07% |
Frequently Asked Questions
How much do FHLC and IWM overlap?
FHLC and IWM overlap by 7.2% of portfolio weight. They share 220 holdings (FHLC holds 337 positions and IWM holds 1941), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FHLC and IWM?
The two portfolios are 7.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FHLC and IWM?
The largest positions held by both funds are ENSG, BBIO, GH, ARWR and GKOS. Together the top 10 shared positions account for 19% of the total overlap.
What does FHLC own that IWM doesn't?
117 positions (92.4% of FHLC) are unique to FHLC, led by LLY, JNJ and ABBV. In the other direction, 1721 positions (83.8% of IWM) are unique to IWM.