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FHEQ vs FFLC

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

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FFLC

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF

Annual cost

Fund size

Key differences

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

Side-by-side comparison

FHEQFFLC
Annual cost (TER)0.48%
Fund size (AUM)$829M
Since2024
Dividend yield0.61%
Asset classalternativeequity
Regionnorth america
Strategytactical allocationindex tracking
CAGR 1Y+21.3%+29.8%
CAGR 3YN/A+24.1%
CAGR 5YN/A+16.3%
Sharpe 3YN/A1.23
Volatility 1Y9.52%12.94%
Max drawdown-11.12%-19.72%

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

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