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FFLV vs FHEQ

Fidelity Fundamental Large Cap vs Fidelity Hedged Equity ETF

FFLV

Fidelity Fundamental Large Cap

Fidelity Investments

Annual cost

0.38%

Fund size

$17M

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FFLV costs 0.10% less per year.
  • FHEQ is significantly larger than FFLV — larger funds tend to be more liquid and less likely to close.
  • FFLV is classified as equity, while FHEQ is alternative — different risk/return profiles.
  • FFLV follows a active selection strategy; FHEQ uses tactical allocation.

Side-by-side comparison

FFLVFHEQ
Annual cost (TER)0.38%0.48%
Fund size (AUM)$17M$829M
Since20242024
Dividend yield1.48%0.61%
Asset classequityalternative
Regionglobal
Strategyactive selectiontactical allocation
CAGR 1Y+28.1%+21.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y11.50%9.52%
Max drawdown-16.71%-11.12%

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

Similar to FFLV and FHEQ