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SSPY vs FHEQ

Stratified LargeCap Index ETF vs Fidelity Hedged Equity ETF

SSPY

Stratified LargeCap Index ETF

Syntax

Annual cost

0.45%

Fund size

$122M

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FHEQ is significantly larger than SSPY — larger funds tend to be more liquid and less likely to close.
  • SSPY is classified as equity, while FHEQ is alternative — different risk/return profiles.
  • SSPY follows a index tracking strategy; FHEQ uses tactical allocation.
  • SSPY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SSPYFHEQ
Annual cost (TER)0.45%0.48%
Fund size (AUM)$122M$829M
Since20192024
Dividend yield1.29%0.61%
Asset classequityalternative
Regionnorth america
Strategyindex trackingtactical allocation
CAGR 1Y+21.2%+21.3%
CAGR 3Y+15.1%N/A
CAGR 5Y+9.1%N/A
Sharpe 3Y0.85N/A
Volatility 1Y10.79%9.52%
Max drawdown-36.67%-11.12%

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

Similar to SSPY and FHEQ