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FELV vs FHEQ
Fidelity Enhanced Large Cap Value ETF vs Fidelity Hedged Equity ETF
Key differences
- FELV costs 0.30% less per year.
- FELV is significantly larger than FHEQ — larger funds tend to be more liquid and less likely to close.
- FELV is classified as equity, while FHEQ is alternative — different risk/return profiles.
- FELV follows a index tracking strategy; FHEQ uses tactical allocation.
- FELV has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FELV | FHEQ | |
|---|---|---|
| Annual cost (TER) | 0.18% | 0.48% |
| Fund size (AUM) | $2.9B | $829M |
| Since | 2007 | 2024 |
| Dividend yield | 1.58% | 0.61% |
| Asset class | equity | alternative |
| Region | north america | — |
| Strategy | index tracking | tactical allocation |
| CAGR 1Y | +29.5% | +21.3% |
| CAGR 3Y | N/A | N/A |
| CAGR 5Y | N/A | N/A |
| Sharpe 3Y | N/A | N/A |
| Volatility 1Y | 10.81% | 9.52% |
| Max drawdown | -16.08% | -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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