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HEQT vs FELC

Simplify Hedged Equity ETF vs Fidelity Enhanced Large Cap Core ETF

HEQT

Simplify Hedged Equity ETF

Simplify Asset Management

Annual cost

0.43%

Fund size

$321M

FELC

Fidelity Enhanced Large Cap Core ETF

Fidelity Investments

Annual cost

0.18%

Fund size

$7.0B

Key differences

  • FELC costs 0.25% less per year.
  • FELC is significantly larger than HEQT — larger funds tend to be more liquid and less likely to close.
  • HEQT is classified as alternative, while FELC is equity — different risk/return profiles.
  • HEQT follows a option income strategy; FELC uses active selection.
  • FELC has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HEQTFELC
Annual cost (TER)0.43%0.18%
Fund size (AUM)$321M$7.0B
Since20212007
Dividend yield1.21%0.90%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeactive selection
CAGR 1Y+15.3%+29.4%
CAGR 3Y+13.9%N/A
CAGR 5YN/AN/A
Sharpe 3Y1.24N/A
Volatility 1Y6.50%12.06%
Max drawdown-11.51%-18.59%

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

Similar to HEQT and FELC