- 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
Share Price Chart
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Performance
FEAC Performance Chart
Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is up 9.9% 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 9.92% so far this year and 26.41% over the past 12 months.
Fidelity Enhanced U.S. All-Cap Equity ETF
- 1D
- -1.46%
- 1M
- -0.04%
- YTD
- 9.92%
- 6M
- 8.83%
- 1Y
- 26.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
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 +1.28%. At this rate, an investment would double in approximately 4.5 years.
Historically, 65% of months were positive and 35% 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% | -1.72% | 9.92% | ||||||
| 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 1.33%, 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 (90.06%) - 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
- 1.33%
- Beta
- 1.01
- R²
- 0.97
- Upside Capture
- 100.00%
- Downside Capture
- 90.06%
Expense Ratio
FEAC has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
FEAC ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by 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 | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 2.46 | +0.80 |
| Martin ratioReturn relative to average drawdown | 13.64 | 10.92 | +2.72 |
Dividends
Dividend History
Fidelity Enhanced U.S. All-Cap Equity ETF provided a 0.79% 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 | 0.79% | 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 | $0.12 | ||||||
| 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 2.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.96%Apr 2025 | 4mo 3d | 2mo 19d | 6mo 22dDec 2024 - Jun 2025 |
2026 pullback2026 | -8.15%Mar 2026 | 2mo 1d | 15d | 2mo 16dJan 2026 - Apr 2026 |
2025 pullback2025 | -5.80%Nov 2025 | 22d | 20d | 1mo 12dOct 2025 - Dec 2025 |
2026 pullback2026 | -4.43%Jun 2026 | 7d | — | 21d 4hJun 2026 - now |
2025 pullback2025 | -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 | -2.75% | -3.21% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -10.71% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.04% | -0.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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