Fidelity Hedged Equity ETF (FHEQ) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FHEQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FHEQ
FHEQ charges 0.48% annually. There are 6 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.57M | Aug 2021 | FHEQ vs XCLR | |
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.81M | Aug 2021 | FHEQ vs XTR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 63.46M | Dec 2012 | FHEQ vs PHDG | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | FHEQ vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | FHEQ vs QQHG |
Best Risk-Adjusted Alternatives to FHEQ
FHEQ has a PortfoliosLab risk / return rank of 62. There are 15 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 95 | — | Jun 2024 | FHEQ vs MAXJ | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 91 | 118.66M | Jul 2024 | FHEQ vs KSPY | |
| Innovator U.S. Small Cap Managed Floor ETF | 89 | 91.97M | Sep 2024 | FHEQ vs RFLR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 85 | 83.37M | Sep 2024 | FHEQ vs HECO | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | 84 | 488.90M | May 2020 | FHEQ vs SIXH |
Top Performing FHEQ Alternatives (YTD)
FHEQ is at 8.57% YTD. There are 7 ETFs in the Equity Hedged category with higher YTD returns, going as high as 61.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 61.32% | 83.37M | Sep 2024 | FHEQ vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 13.82% | 91.97M | Sep 2024 | FHEQ vs RFLR | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.82% | 488.90M | May 2020 | FHEQ vs SIXH | |
| Stratified LargeCap Hedged ETF | 11.17% | 23.16M | Jan 2019 | FHEQ vs SHUS | |
| Hull Tactical US ETF | 10.86% | 137.43M | Jun 2015 | FHEQ vs HTUS |
Lowest Volatility Alternatives to FHEQ
FHEQ has 10.21% 1-year volatility. There are 17 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.35%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.35% | — | Jun 2024 | FHEQ vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.04% | 14.53M | Jan 2026 | FHEQ vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.79% | 301.01M | May 2019 | FHEQ vs HEDG | |
| MC Trio Equity Buffered ETF | 6.39% | — | Mar 2025 | FHEQ vs TRIO | |
| Simplify Hedged Equity ETF | 6.95% | 296.16M | Nov 2021 | FHEQ vs HEQT |
Lowest Drawdown Alternatives to FHEQ
FHEQ has a 1-year max drawdown of -7.77%. There are 18 ETFs in the Equity Hedged category with shallower 1-year drawdowns, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | FHEQ vs MAXJ | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -4.36% | 488.90M | May 2020 | FHEQ vs SIXH | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | FHEQ vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 118.66M | Jul 2024 | FHEQ vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | FHEQ vs TRIO |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 52 | 20.47% | 20.96B | Oct 2013 | FHEQ vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 78 | 12.19% | 9.74B | Sep 2016 | FHEQ vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.23% | 10.22B | Jan 2024 | FHEQ vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 30 | -0.33% | 26.62B | Oct 2014 | FHEQ vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 47 | 10.15% | 10.69B | Sep 2003 | FHEQ vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 37 | 9.01% | 6.97B | Jun 2020 | FHEQ vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 77 | 12.07% | 7.88B | Apr 2007 | FHEQ vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.79% | 2.35B | Oct 2013 | FHEQ vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 3 | -37.25% | 750.93M | Jul 2024 | FHEQ vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 27 | 2.21% | 5.65B | Nov 2023 | FHEQ vs FELG |
Often Compared With FHEQ
Investors most often compare FHEQ with FBUF, OVLH, SPY. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FHEQ with Any Fund or Stock
Compare FHEQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FHEQ with funds that move differently
Fidelity Hedged Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHEQ.
Explore FHEQ Diversifiers