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FFLC vs FHEQ

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF vs Fidelity Hedged Equity ETF

FFLC

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF

Annual cost

Fund size

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FFLC is classified as equity, while FHEQ is alternative — different risk/return profiles.
  • FFLC follows a index tracking strategy; FHEQ uses tactical allocation.

Side-by-side comparison

FFLCFHEQ
Annual cost (TER)0.48%
Fund size (AUM)$829M
Since2024
Dividend yield0.61%
Asset classequityalternative
Regionnorth america
Strategyindex trackingtactical allocation
CAGR 1Y+29.8%+21.3%
CAGR 3Y+24.1%N/A
CAGR 5Y+16.3%N/A
Sharpe 3Y1.23N/A
Volatility 1Y12.94%9.52%
Max drawdown-19.72%-11.12%

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

Similar to FFLC and FHEQ