- Issuer
- Fidelity
- Inception Date
- Sep 8, 2022
- Category
- Large Cap Blend Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
FEQHX Performance Chart
Fidelity Hedged Equity Fund (FEQHX) is up 7.2% since the beginning of the year. FEQHX is currently trading at $16 per share.
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Returns By Period
Fidelity Hedged Equity Fund (FEQHX) has returned 7.18% so far this year and 15.06% over the past 12 months.
Fidelity Hedged Equity Fund
- 1D
- 0.50%
- 1M
- -0.81%
- 6M
- 5.70%
- YTD
- 7.18%
- 1Y
- 15.06%
- 3Y*
- 14.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.35%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
FEQHX Monthly Returns History
Based on dividend-adjusted daily data since Sep 8, 2022, FEQHX's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +8.9%, while the worst month was Sep 2022 at -7.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FEQHX closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +4.7%, while the worst single day was Sep 13, 2022 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.01% | -1.06% | -4.03% | 8.89% | 5.02% | -1.29% | -0.99% | 7.18% | |||||
| 2025 | 1.37% | -1.20% | -3.94% | 0.39% | 4.95% | 4.12% | 1.58% | 1.70% | 3.27% | 1.95% | -0.46% | -0.57% | 13.61% |
| 2024 | 1.17% | 4.54% | 2.58% | -4.07% | 3.81% | 3.42% | 0.81% | 2.48% | 1.56% | -1.00% | 4.58% | -1.59% | 19.46% |
| 2023 | 4.21% | -2.42% | 2.55% | 0.81% | 0.30% | 4.69% | 2.67% | -1.86% | -3.60% | -1.37% | 7.06% | 3.92% | 17.65% |
| 2022 | -7.08% | 4.08% | 4.02% | -5.41% | -4.85% |
Benchmark Metrics
Fidelity Hedged Equity Fund has an annualized alpha of 1.19%, beta of 0.68, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 08, 2022.
- This fund participated in 85.12% of S&P 500 Index downside but only 75.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.19%
- Beta
- 0.68
- R²
- 0.92
- Upside Capture
- 75.14%
- Downside Capture
- 85.12%
Expense Ratio
FEQHX has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEQHX ranks 42 for risk / return — above 42% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Hedged Equity Fund (FEQHX) 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.
| FEQHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.41 | -0.57 |
| Martin ratioReturn relative to average drawdown | 6.61 | 10.22 | -3.62 |
Dividends
Dividend History
Fidelity Hedged Equity Fund provided a 0.52% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.08 | $0.06 | $0.08 | $0.09 | $0.04 |
Dividend yield | 0.52% | 0.43% | 0.61% | 0.77% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Hedged Equity Fund. 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 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.09 |
| 2022 | $0.04 | $0.04 |
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 Hedged Equity Fund. 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 Hedged Equity Fund was 10.42%, occurring on Apr 7, 2025. Recovery took 44 trading sessions.
The current Fidelity Hedged Equity Fund drawdown is 2.56%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-10.42%Apr 2025 | 3mo 21d | 2mo 4d | 5mo 25dDec 2024 - Jun 2025 | 2025 selloff2025 |
-9.38%Oct 2022 | 1mo 1d | 7mo 21d | 8mo 22dSep 2022 - Jun 2023 | Bear market2022 |
-7.52%Oct 2023 | 2mo 27d | 1mo 5d | 4mo 2dAug 2023 - Dec 2023 | — |
-7.40%Mar 2026 | 5mo 1d | 16d | 5mo 17dOct 2025 - Apr 2026 | — |
-5.69%Aug 2024 | 21d | 1mo 13d | 2mo 4dJul 2024 - Sep 2024 | — |
Drawdown Indicators
| FEQHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.42% | -56.78% | +46.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -9.10% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.42% | -18.90% | +8.48% |
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 | -2.56% | -0.12% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -10.70% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.14% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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