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FELC vs FHEQ

Fidelity Enhanced Large Cap Core ETF vs Fidelity Hedged Equity ETF

FELC

Fidelity Enhanced Large Cap Core ETF

Fidelity Investments

Annual cost

0.18%

Fund size

$7.0B

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FELC costs 0.30% less per year.
  • FELC is significantly larger than FHEQ — larger funds tend to be more liquid and less likely to close.
  • FELC is classified as equity, while FHEQ is alternative — different risk/return profiles.
  • FELC follows a active selection strategy; FHEQ uses tactical allocation.
  • FELC has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FELCFHEQ
Annual cost (TER)0.18%0.48%
Fund size (AUM)$7.0B$829M
Since20072024
Dividend yield0.90%0.61%
Asset classequityalternative
Regionnorth america
Strategyactive selectiontactical allocation
CAGR 1Y+29.4%+21.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y12.06%9.52%
Max drawdown-18.59%-11.12%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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