Fidelity Hedged Equity Fund (FEQHX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Hedged Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Hedged Equity Fund (FEQHX) has returned -5.70% so far this year and 11.36% over the past 12 months.

Based on dividend-adjusted daily data since Sep 8, 2022, FEQHX's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, your investment would double in approximately 6.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +7.1%, 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%.

Fidelity Hedged Equity Fund has an annualized alpha of 1.12%, beta of 0.67, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 09, 2022.

• This fund participated in 81.40% of S&P 500 Index downside but only 73.63% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.67 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FEQHX has an expense ratio of 0.55%, placing it in the medium range.

FEQHX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Fidelity Hedged Equity Fund (FEQHX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Hedged Equity Fund provided a 0.46% dividend yield over the last twelve months, with an annual payout of $0.06 per share.

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.

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.

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 7.40%.

The chart below shows the rolling one-month volatility.