FHLC vs SPY: Holdings Overlap
FHLCFidelity MSCI Health Care Index ETF
Fidelity · 337 holdings · $3.3B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (FHLC: 2026-04-30, SPY: 2026-08-06). 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 SPY?
Fidelity MSCI Health Care Index ETF (FHLC, by Fidelity) holds 337 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 60 holdings in common, and by portfolio weight the two funds are 8.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 60FHLC holds 337 · SPY holds 504
- Weight in Shared Holdings
- FHLC 85%·SPY 9%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
277 of 337 positions (14.2% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | FHLC | SPY |
|---|---|---|
| Health Care | 99.6% | 8.9% |
| Information Technology | 0.0% | 37.6% |
| Financials | 0.0% | 12.3% |
| Communication Services | 0.0% | 9.7% |
| Consumer Discretionary | 0.0% | 9.3% |
| Other Sectors | 0.0% | 22.1% |
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.
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(60)
The top 10 shared positions account for 61% of the overlap, led by LLY, JNJ and ABBV.
 LLYEli Lilly & Co. COM | 12.13% | 1.42% | 1.42% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 8.94% | 0.93% | 0.93% |
 ABBVAbbVie Inc. COM | 6.03% | 0.65% | 0.65% |
 UNHUnitedHealth Group Inc. COM | 5.42% | 0.55% | 0.55% |
 MRKMerck & Co., Inc COM | 4.38% | 0.48% | 0.48% |
 AMGNAmgen Inc. COM | 3.01% | 0.33% | 0.33% |
 TMOThermo Fisher Scientific Inc COM | 2.91% | 0.33% | 0.33% |
 ABTAbbott Laboratories COM | 2.55% | 0.28% | 0.28% |
 GILDGilead Sciences Inc. COM | 2.62% | 0.24% | 0.24% |
 PFEPfizer Inc. COM | 2.45% | 0.23% | 0.23% |
 ISRGIntuitive Surgical Inc. COM NEW | 2.62% | 0.20% | 0.20% |
 BMYBristol-Myers Squibb Company COM | 1.99% | 0.20% | 0.20% |
 DHRDanaher Corporation COM | 1.84% | 0.19% | 0.19% |
 VRTXVertex Pharmaceuticals Incorporated COM | 1.75% | 0.19% | 0.19% |
 CVSCVS Health Corp COM | 1.71% | 0.19% | 0.19% |
 SYKStryker Corporation COM | 1.75% | 0.18% | 0.18% |
 MDTMedtronic PLC USD0.0001 | 1.68% | 0.17% | 0.17% |
 MCKMckesson Corp. COM | 1.62% | 0.16% | 0.16% |
 ELVElevance Health Inc. COM | 1.35% | 0.13% | 0.13% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 1.18% | 0.12% | 0.12% |
 BSXBoston Scientific Corporation COM | 1.38% | 0.11% | 0.11% |
 CIThe Cigna Group COM | 1.25% | 0.11% | 0.11% |
 HCAHCA Healthcare Inc COM | 1.12% | 0.10% | 0.10% |
 CORCencora Inc COM | 0.92% | 0.10% | 0.10% |
 CAHCardinal Health, Inc. COM | 0.74% | 0.08% | 0.08% |
Frequently Asked Questions
How much do FHLC and SPY overlap?
FHLC and SPY overlap by 8.9% of portfolio weight. They share 60 holdings (FHLC holds 337 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FHLC and SPY?
The two portfolios are 8.9% 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 SPY?
The largest positions held by both funds are LLY, JNJ, ABBV, UNH and MRK. Together the top 10 shared positions account for 61% of the total overlap.
What does FHLC own that SPY doesn't?
277 positions (14.2% of FHLC) are unique to FHLC, led by ALNY, INSM and NTRA. In the other direction, 444 positions (91.0% of SPY) are unique to SPY.