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FHEQ vs FEAC

Fidelity Hedged Equity ETF vs Fidelity Enhanced U.S. All-Cap Equity ETF

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FEAC

Fidelity Enhanced U.S. All-Cap Equity ETF

Fidelity Investments

Annual cost

0.18%

Fund size

$12M

Key differences

  • FEAC costs 0.30% less per year.
  • FHEQ is significantly larger than FEAC — larger funds tend to be more liquid and less likely to close.
  • FHEQ is classified as alternative, while FEAC is equity — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FEAC uses index tracking.

Side-by-side comparison

FHEQFEAC
Annual cost (TER)0.48%0.18%
Fund size (AUM)$829M$12M
Since20242024
Dividend yield0.61%0.90%
Asset classalternativeequity
Regionnorth america
Strategytactical allocationindex tracking
CAGR 1Y+21.3%+30.1%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y9.52%12.61%
Max drawdown-11.12%-18.96%

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

Similar to FHEQ and FEAC