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SPDF vs FHEQ

Defender Risk Adaptive 500 ETF vs Fidelity Hedged Equity ETF

SPDF

Defender Risk Adaptive 500 ETF

Tamarisk Capital Management LLC

Annual cost

0.69%

Fund size

$5M

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FHEQ costs 0.21% less per year.
  • FHEQ is significantly larger than SPDF — larger funds tend to be more liquid and less likely to close.
  • SPDF is classified as equity, while FHEQ is alternative — different risk/return profiles.
  • SPDF follows a active selection strategy; FHEQ uses tactical allocation.

Side-by-side comparison

SPDFFHEQ
Annual cost (TER)0.69%0.48%
Fund size (AUM)$5M$829M
Since20262024
Dividend yield0.61%
Asset classequityalternative
Regionnorth america
Strategyactive selectiontactical allocation
CAGR 1YN/A+21.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y9.52%
Max drawdown-1.90%-11.12%

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

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