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FHEQ vs FLTB

Fidelity Hedged Equity ETF vs Fidelity Limited Term Bond ETF

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

FLTB

Fidelity Limited Term Bond ETF

Fidelity Investments

Annual cost

0.25%

Fund size

$389M

Key differences

  • FLTB costs 0.23% less per year.
  • FHEQ is classified as alternative, while FLTB is fixed income — different risk/return profiles.
  • FHEQ follows a tactical allocation strategy; FLTB uses index tracking.
  • FLTB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FHEQFLTB
Annual cost (TER)0.48%0.25%
Fund size (AUM)$829M$389M
Since20242014
Dividend yield0.61%4.36%
Asset classalternativefixed income
Regionnorth america
Strategytactical allocationindex tracking
CAGR 1Y+21.3%+4.7%
CAGR 3YN/A+5.3%
CAGR 5YN/A+2.2%
Sharpe 3YN/A0.67
Volatility 1Y9.52%2.14%
Max drawdown-11.12%-9.37%

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

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