Skip to content
Beacon
Screener

FHEQ vs OVLH

Fidelity Hedged Equity ETF vs Overlay Shares Hedged Large Cap Equity ETF

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

Key differences

  • FHEQ costs 0.32% less per year.
  • FHEQ is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • FHEQ follows a tactical allocation strategy; OVLH uses volatility strategy.

Side-by-side comparison

FHEQOVLH
Annual cost (TER)0.48%0.80%
Fund size (AUM)$829M$102M
Since20242021
Dividend yield0.61%0.29%
Asset classalternativealternative
Regionnorth america
Strategytactical allocationvolatility strategy
CAGR 1Y+21.3%+19.1%
CAGR 3YN/A+17.4%
CAGR 5YN/A+9.9%
Sharpe 3YN/A1.35
Volatility 1Y9.52%8.52%
Max drawdown-11.12%-20.69%

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

Similar to FHEQ and OVLH