FHEQ vs. IWF
Compare and contrast key facts about Fidelity Hedged Equity ETF (FHEQ) and iShares Russell 1000 Growth ETF (IWF).
FHEQ and IWF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FHEQ is an actively managed fund by Fidelity. It was launched on Apr 9, 2024. IWF is a passively managed fund by iShares that tracks the performance of the Russell 1000 Growth Index. It was launched on May 22, 2000.
Performance
FHEQ vs. IWF - Performance Comparison
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FHEQ vs. IWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FHEQ Fidelity Hedged Equity ETF | -4.15% | 13.34% | 10.57% |
IWF iShares Russell 1000 Growth ETF | -9.05% | 18.33% | 19.47% |
Returns By Period
In the year-to-date period, FHEQ achieves a -4.15% return, which is significantly higher than IWF's -9.05% return.
FHEQ
- 1D
- 0.51%
- 1M
- -3.55%
- YTD
- -4.15%
- 6M
- -3.51%
- 1Y
- 12.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWF
- 1D
- 0.87%
- 1M
- -4.65%
- YTD
- -9.05%
- 6M
- -8.54%
- 1Y
- 18.65%
- 3Y*
- 21.36%
- 5Y*
- 12.41%
- 10Y*
- 16.63%
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FHEQ vs. IWF - Expense Ratio Comparison
FHEQ has a 0.48% expense ratio, which is higher than IWF's 0.19% expense ratio.
Return for Risk
FHEQ vs. IWF — Risk / Return Rank
FHEQ
IWF
FHEQ vs. IWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Hedged Equity ETF (FHEQ) and iShares Russell 1000 Growth ETF (IWF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FHEQ | IWF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.84 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.35 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.20 | +0.45 |
Martin ratioReturn relative to average drawdown | 6.46 | 4.08 | +2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHEQ | IWF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.84 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.37 | +0.58 |
Correlation
The correlation between FHEQ and IWF is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FHEQ vs. IWF - Dividend Comparison
FHEQ's dividend yield for the trailing twelve months is around 0.66%, more than IWF's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHEQ Fidelity Hedged Equity ETF | 0.66% | 0.63% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWF iShares Russell 1000 Growth ETF | 0.39% | 0.36% | 0.46% | 0.67% | 0.91% | 0.49% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% |
Drawdowns
FHEQ vs. IWF - Drawdown Comparison
The maximum FHEQ drawdown since its inception was -11.12%, smaller than the maximum IWF drawdown of -64.25%. Use the drawdown chart below to compare losses from any high point for FHEQ and IWF.
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Drawdown Indicators
| FHEQ | IWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.12% | -64.25% | +53.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -16.27% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.72% | — |
Current DrawdownCurrent decline from peak | -5.70% | -12.36% | +6.66% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -22.21% | +20.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 4.80% | -2.81% |
Volatility
FHEQ vs. IWF - Volatility Comparison
The current volatility for Fidelity Hedged Equity ETF (FHEQ) is 2.91%, while iShares Russell 1000 Growth ETF (IWF) has a volatility of 6.82%. This indicates that FHEQ experiences smaller price fluctuations and is considered to be less risky than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHEQ | IWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 6.82% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.07% | 12.39% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 22.41% | -11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 21.41% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.40% | 20.92% | -10.52% |