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FHEQ vs FMDE
Fidelity Hedged Equity ETF vs Fidelity Enhanced Mid Cap Core ETF
Key differences
- FMDE costs 0.25% less per year.
- FMDE is significantly larger than FHEQ — larger funds tend to be more liquid and less likely to close.
- FHEQ is classified as alternative, while FMDE is equity — different risk/return profiles.
- FHEQ follows a tactical allocation strategy; FMDE uses index enhanced.
- FMDE has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FHEQ | FMDE | |
|---|---|---|
| Annual cost (TER) | 0.48% | 0.23% |
| Fund size (AUM) | $829M | $6.5B |
| Since | 2024 | 2007 |
| Dividend yield | 0.61% | 1.15% |
| Asset class | alternative | equity |
| Region | — | north america |
| Strategy | tactical allocation | index enhanced |
| CAGR 1Y | +21.3% | +20.4% |
| CAGR 3Y | N/A | N/A |
| CAGR 5Y | N/A | N/A |
| Sharpe 3Y | N/A | N/A |
| Volatility 1Y | 9.52% | 13.71% |
| Max drawdown | -11.12% | -21.10% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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