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NATO vs FHEQ

Themes Transatlantic Defense ETF vs Fidelity Hedged Equity ETF

NATO

Themes Transatlantic Defense ETF

Themes ETF Trust

Annual cost

0.35%

Fund size

$99M

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • NATO costs 0.13% less per year.
  • FHEQ is significantly larger than NATO — larger funds tend to be more liquid and less likely to close.
  • NATO is classified as equity, while FHEQ is alternative — different risk/return profiles.
  • NATO follows a index tracking strategy; FHEQ uses tactical allocation.

Side-by-side comparison

NATOFHEQ
Annual cost (TER)0.35%0.48%
Fund size (AUM)$99M$829M
Since20242024
Dividend yield0.45%0.61%
Asset classequityalternative
Region
Strategyindex trackingtactical allocation
CAGR 1Y+23.3%+23.0%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y20.70%9.50%
Max drawdown-15.99%-11.12%

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

Similar to NATO and FHEQ