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FHEQ vs FFLV

Fidelity Hedged Equity ETF vs Fidelity Fundamental Large Cap

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FFLV

Fidelity Fundamental Large Cap

Fidelity Investments

Annual cost

0.38%

Fund size

$17M

Key differences

  • FFLV costs 0.10% less per year.
  • FHEQ is significantly larger than FFLV — larger funds tend to be more liquid and less likely to close.
  • FHEQ is classified as alternative, while FFLV is equity — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FFLV uses active selection.

Side-by-side comparison

FHEQFFLV
Annual cost (TER)0.48%0.38%
Fund size (AUM)$829M$17M
Since20242024
Dividend yield0.61%1.48%
Asset classalternativeequity
Regionglobal
Strategytactical allocationactive selection
CAGR 1Y+21.3%+28.1%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y9.52%11.50%
Max drawdown-11.12%-16.71%

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

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