FHEQ vs. SHUS
FHEQ (Fidelity Hedged Equity ETF) and SHUS (Stratified LargeCap Hedged ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, FHEQ returned 16.95% vs 18.08% for SHUS. Their 0.64 correlation means they have sometimes moved together and sometimes differently. FHEQ charges 0.48%/yr vs 0.79%/yr for SHUS.
Performance
FHEQ vs. SHUS - Performance Comparison
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Returns By Period
In the year-to-date period, FHEQ achieves a 8.57% return, which is significantly lower than SHUS's 11.17% return.
FHEQ
- 1D
- 0.69%
- 1M
- 1.24%
- 6M
- 7.59%
- YTD
- 8.57%
- 1Y
- 16.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.55%
SHUS
- 1D
- -0.09%
- 1M
- 0.21%
- 6M
- 7.84%
- YTD
- 11.17%
- 1Y
- 18.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.34M | $2.52M | $2.78M | |
| $381.44 | $481.50 | $2.69K |
FHEQ vs. SHUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FHEQ Fidelity Hedged Equity ETF | 8.57% | 13.34% | 2.11% |
SHUS Stratified LargeCap Hedged ETF | 11.17% | 10.89% | -2.65% |
Correlation
The correlation between FHEQ and SHUS is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024 | 0.64 |
The correlation between FHEQ and SHUS has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
FHEQ vs. SHUS — Risk / Return Rank
FHEQ
SHUS
FHEQ vs. SHUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Hedged Equity ETF (FHEQ) and Stratified LargeCap Hedged ETF (SHUS). 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.
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.
| FHEQ | SHUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.49 | -0.50 |
| Martin ratioReturn relative to average drawdown | 7.45 | 8.97 | -1.52 |
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Drawdowns
FHEQ vs. SHUS - Drawdown Comparison
The maximum FHEQ drawdown since its inception was -11.12%, smaller than the maximum SHUS drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for FHEQ and SHUS.
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Drawdown Indicators
| FHEQ | SHUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.12% | -14.09% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -6.95% | -0.82% |
Current DrawdownCurrent decline from peak | -0.71% | -1.06% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -2.48% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.92% | +0.16% |
Volatility
FHEQ vs. SHUS - Volatility Comparison
Fidelity Hedged Equity ETF (FHEQ) and Stratified LargeCap Hedged ETF (SHUS) have volatilities of 2.80% and 2.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHEQ | SHUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.85% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.37% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.21% | 10.12% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 12.41% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.51% | 12.41% | -1.90% |
FHEQ vs. SHUS - Expense Ratio Comparison
FHEQ has a 0.48% expense ratio, which is lower than SHUS's 0.79% expense ratio.
Dividends
FHEQ vs. SHUS - Dividend Comparison
FHEQ's dividend yield for the trailing twelve months is around 0.54%, less than SHUS's 1.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FHEQ Fidelity Hedged Equity ETF | 0.54% | 0.63% | 0.50% |
SHUS Stratified LargeCap Hedged ETF | 1.24% | 1.37% | 0.26% |
Frequently Asked Questions
FHEQ and SHUS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHUS has higher volatility (2.85%) compared to FHEQ (2.80%). In terms of maximum drawdown, FHEQ dropped -11.12% vs SHUS's -14.09%.
On 1-year performance, SHUS leads with 18.08% vs 16.95% for FHEQ. On fees, FHEQ is cheaper at 0.48% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHUS has performed better with a 18.08% return vs 16.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FHEQ is cheaper with a 0.48% expense ratio, compared with 0.79% for SHUS.
SHUS has the higher dividend yield at 1.24%, compared with 0.54% for FHEQ.
They also come from different issuers: Fidelity and Exchange Traded Concepts. Their fees differ too: 0.48% for FHEQ and 0.79% for SHUS.
SHUS currently has the higher Sharpe Ratio (1.72 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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