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FHEQ vs FELG

Fidelity Hedged Equity ETF vs Fidelity Enhanced Large Cap Growth ETF

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FELG

Fidelity Enhanced Large Cap Growth ETF

Fidelity Investments

Annual cost

0.18%

Fund size

$5.3B

Key differences

  • FELG costs 0.30% less per year.
  • FELG is significantly larger than FHEQ — larger funds tend to be more liquid and less likely to close.
  • FHEQ is classified as alternative, while FELG is equity — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FELG uses active selection.
  • FELG has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FHEQFELG
Annual cost (TER)0.48%0.18%
Fund size (AUM)$829M$5.3B
Since20242007
Dividend yield0.61%0.36%
Asset classalternativeequity
Regionnorth america
Strategytactical allocationactive selection
CAGR 1Y+21.3%+28.9%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y9.52%15.56%
Max drawdown-11.12%-23.89%

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

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