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HFEQ vs FHEQ

Unlimited HFEQ Equity Long/Short ETF vs Fidelity Hedged Equity ETF

HFEQ

Unlimited HFEQ Equity Long/Short ETF

Unlimited

Annual cost

0.96%

Fund size

$19M

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FHEQ costs 0.48% less per year.
  • FHEQ is significantly larger than HFEQ — larger funds tend to be more liquid and less likely to close.
  • HFEQ follows a long short strategy; FHEQ uses tactical allocation.

Side-by-side comparison

HFEQFHEQ
Annual cost (TER)0.96%0.48%
Fund size (AUM)$19M$829M
Since20252024
Dividend yield0.61%
Asset classalternativealternative
Regionnorth america
Strategylong shorttactical allocation
CAGR 1YN/A+21.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y9.52%
Max drawdown-12.45%-11.12%

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

Similar to HFEQ and FHEQ