- CUSIP
- 31609A701
- Issuer
- Fidelity
- Inception Date
- Nov 19, 2024
- Region
- North America (United States)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 20K
- Avg. Volume Value (1M)
- $659.55K
Share Price Chart
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Performance
FEAC Performance Chart
Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is up 12.3% since the beginning of the year. FEAC is currently trading at $32 per share.
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Returns By Period
Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) has returned 12.32% so far this year and 25.23% over the past 12 months.
Fidelity Enhanced U.S. All-Cap Equity ETF
- 1D
- 0.68%
- 1M
- 0.95%
- 6M
- 10.99%
- YTD
- 12.32%
- 1Y
- 25.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.84%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FEAC Monthly Returns History
Based on dividend-adjusted daily data since Nov 21, 2024, FEAC's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +10.3%, while the worst month was Mar 2025 at -5.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FEAC closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +9.5%, while the worst single day was Apr 4, 2025 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.20% | -0.07% | -5.13% | 10.30% | 5.70% | -0.05% | 0.47% | 12.32% | |||||
| 2025 | 2.81% | -1.68% | -5.55% | -0.40% | 5.94% | 5.47% | 0.99% | 3.06% | 3.70% | 2.03% | 0.07% | 0.77% | 18.01% |
| 2024 | 1.46% | -3.28% | -1.87% |
Benchmark Metrics
Fidelity Enhanced U.S. All-Cap Equity ETF has an annualized alpha of 1.56%, beta of 1.01, and R2 of 0.97 versus S&P 500 Index. Calculated based on daily prices since November 21, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (100.00%) than losses (86.36%) - typical of diversified or defensive assets.
- With beta of 1.01 and R2 of 0.97, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.56%
- Beta
- 1.01
- R²
- 0.97
- Upside Capture
- 100.00%
- Downside Capture
- 86.36%
Expense Ratio
FEAC has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
FEAC ranks 77 for risk / return — above 77% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEAC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.00 | +0.90 |
| Martin ratioReturn relative to average drawdown | 11.82 | 8.49 | +3.33 |
Dividends
Dividend History
Fidelity Enhanced U.S. All-Cap Equity ETF provided a 0.77% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.25 | $0.27 | $0.03 |
Dividend yield | 0.77% | 0.94% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced U.S. All-Cap Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.12 | |||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.27 |
| 2024 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced U.S. All-Cap Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced U.S. All-Cap Equity ETF was 18.96%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current Fidelity Enhanced U.S. All-Cap Equity ETF drawdown is 0.82%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.96%Apr 2025 | 4mo 3d | 2mo 19d | 6mo 22dDec 2024 - Jun 2025 | 2025 selloff2025 |
-8.15%Mar 2026 | 2mo 1d | 15d | 2mo 16dJan 2026 - Apr 2026 | — |
-5.80%Nov 2025 | 22d | 20d | 1mo 12dOct 2025 - Dec 2025 | — |
-4.43%Jun 2026 | 7d | 1mo 5d | 1mo 12dJun 2026 - Jul 2026 | — |
-3.30%Oct 2025 | 1d | 11d | 12dOct 2025 - Oct 2025 | — |
Drawdown Indicators
| FEAC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -56.78% | +37.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -9.10% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.82% | -1.58% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -10.70% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.14% | -0.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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