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FHEQ vs FFLG

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

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FFLG

Fidelity Covington Trust - Fidelity Fundamental Large Cap Growth ETF

Annual cost

Fund size

Key differences

  • FHEQ is classified as alternative, while FFLG is equity — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FFLG uses active selection.

Side-by-side comparison

FHEQFFLG
Annual cost (TER)0.48%
Fund size (AUM)$829M
Since2024
Dividend yield0.61%
Asset classalternativeequity
Region
Strategytactical allocationactive selection
CAGR 1Y+21.3%+41.0%
CAGR 3YN/A+30.6%
CAGR 5YN/A+13.3%
Sharpe 3YN/A1.17
Volatility 1Y9.52%18.43%
Max drawdown-11.12%-44.82%

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

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