Fidelity Hedged Equity ETF (FHEQ) Sortino Ratio: 1.64
FHEQ's Sortino Ratio of 1.64 indicates that for each unit of downside volatility, it generates 1.64 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
FHEQ Sortino Ratio Rank
FHEQ ranks above 65.1% of all investments in our database based on Sortino Ratio over the past 12 months, indicating above-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).
What moves the rank
- Strong returns with minimal downside volatility → Higher rank
- Severe or frequent drawdowns → Lower rank
- Upside volatility → No impact (Sortino doesn't penalize upside swings)
What you can do with this information
- Above-average downside protection with room for improvement
- Compare against category peers to gauge relative positioning
- Monitor for movement toward top tier or decline toward median
- Consider pairing with top-tier holdings to improve portfolio risk profile
FHEQ Sortino Ratio Market Positioning
The chart shows FHEQ's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 0.77 or lower
- Yellow zone (middle 50%): 0.77 to 1.96
- Green zone (top 25%): 1.96 or higher
- Top 1%: 9.68+
- Median: 1.39 — half of all investments score higher
How it compares to other similar ETFs
The table compares Fidelity Hedged Equity ETF's Sortino Ratio with other ETFs in the Equity Hedged category across multiple time periods, showing how FHEQ's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| VAMO | Cambria Value and Momentum ETF | 2.86 | |||
| MAXJ | iShares Large Cap Max Buffer Jun ETF | 2.65 | |||
| RFLR | Innovator U.S. Small Cap Managed Floor ETF | 2.62 | |||
| HEGD | Swan Hedged Equity US Large Cap ETF | 2.47 | |||
| MSTB | LHA Market State Tactical Beta ETF | 2.22 | |||
| OVLH | Overlay Shares Hedged Large Cap Equity ETF | 2.18 | |||
| KSPY | Kraneshares Hedgeye Hedged Equity Index ETF | 1.89 | |||
| SNTH | MRP SynthEquity ETF | 1.88 | |||
| FHEQ | Fidelity Hedged Equity ETF | 1.64 | |||
| XTR | Global X S&P 500 Tail Risk ETF | 1.49 |
Historical Sortino Ratio
The chart shows FHEQ's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when FHEQ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
Loading graphics...
Explore FHEQ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.