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FHEQ vs FBND

Fidelity Hedged Equity ETF vs Fidelity Total Bond ETF

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FBND

Fidelity Total Bond ETF

Fidelity Investments

Annual cost

0.36%

Fund size

$25.6B

Key differences

  • FBND costs 0.12% less per year.
  • FBND is significantly larger than FHEQ — larger funds tend to be more liquid and less likely to close.
  • FHEQ is classified as alternative, while FBND is fixed income — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FBND uses index tracking.
  • FBND has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FHEQFBND
Annual cost (TER)0.48%0.36%
Fund size (AUM)$829M$25.6B
Since20242014
Dividend yield0.61%4.70%
Asset classalternativefixed income
Regionglobal
Strategytactical allocationindex tracking
CAGR 1Y+21.3%+6.1%
CAGR 3YN/A+4.5%
CAGR 5YN/A+0.9%
Sharpe 3YN/A0.19
Volatility 1Y9.52%3.90%
Max drawdown-11.12%-17.25%

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

Similar to FHEQ and FBND