Compare · 2 funds side by side · dividends reinvested

NOVZ and FHEQ

NOVZTrueShares×FHEQFidelity×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$15,468NOVZ · best of the two

02 / 04

NOVZ and FHEQ, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Fidelity Hedged Equity ETFDefined Outcome · Hedged equity0.52%0.61%+6.0%+6.3%[…][…]−7.8%10.3%$986M1.3

TrueShares Structured Outcome (November) ETFDefined Outcome · Hedged equity0.79%3.42%+4.8%+5.6%+15.9%+9.1%−6.7%10.4%$37M1.5

Rank among the two1st → 2ndFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 5, 2026 · returns include dividends · since: NOVZ 2020 · FHEQ 2024

Head to Head

Swap sides Versus in desk

Head to Head

TrueShares Structured Outcome (November) ETF · $37M$15,468

NOVZ

FHEQ

Fidelity Hedged Equity ETF · $986M[…]

$10,000 five years ago, dividends reinvested

NOVZMeasureFHEQ

+4.8%Year to dateJan 1 → Nov 5+6.0%

+5.6%1 yearTotal return+6.3%

+15.9%3 years · per year$10,000 became $15,583 · […][…]

+9.1%5 years · per year$10,000 became $15,468 · […][…]

0.79%Expense ratio$79 · $52 a year on $10k · lower is better0.52%

3.42%Trailing 12-mo yield$342 · $61 a year on $10k0.61%

−6.7%Worst dropSmaller is better−7.8%

10.4%VolatilityLower is calmer10.3%

NOVZFHEQ Winner of the row, in its colourEach row: the bigger of the two fills its side

2–4FHEQ wins

End-of-day Nov 5, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

NOVZ vs FHEQ: Top 5 Holdings

Today

NOVZ

[…]in top 5

FHEQ

in top 527.4%

NOVZStockFHEQ

not top 5AAPL7.8%

not top 5NVDA7.2%

not top 5MSFT5.8%

not top 5AMZN4.1%

not top 5AVGO2.5%

Held in common[…]

End-of-day Nov 5, 2026 · share of each fund

NOVZ vs FHEQ Returns, Every Period

TrueSharesNOVZ

+5.6%

past year

FHEQFidelity

+6.3%

past year

NOVZFHEQFaded: behind in that period

0–2FHEQ wins

End-of-day Nov 5, 2026 · dividends in · faded = behind in that period

NOVZ vs FHEQ

YTD

TrueSharesNOVZ

+4.8%

FHEQFidelity

+6.0%

+4.8%Year to date+6.0%

−6.7%Worst drop · 1Y−7.8%

10.4%Volatility · 1Y10.3%

3.4%Yield0.6%

$36.6MAssets$986M

2–2level

End-of-day Nov 5, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: NOVZ, FHEQ

Today

0.52%lowest, FHEQ

FundExpense ratioFee$10k

FHEQ0.52%$52

NOVZ0.79%$79

End-of-day Nov 5, 2026 · fee on $10,000 a year

Yields: NOVZ, FHEQ

3.42%highest, NOVZ

FundTrailing yieldYield$10k

NOVZ3.42%$342

FHEQ0.61%$61

End-of-day Nov 5, 2026 · trailing 12-month yield

Income After Fees on $10,000

$263most kept, NOVZ

NOVZ$342 − $79 = $263

FHEQ$61 − $52 = $9

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee

Overlap: NOVZ, FHEQ

Today

[…]holdings […]

NOVZFHEQ

NOVZ—[…]

FHEQ[…]—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

+6.3%FHEQ, at 10.3% volatility

FHEQWorst drop−7.8%10.3% vol

NOVZWorst drop−6.7%10.4% vol

End-of-day Nov 5, 2026 · up and left is better

Paid More vs Made More

YTD

NOVZFHEQ

+4.8%Year to date+6.0%

3.4%Yield0.6%

+5.6%Past year+6.3%

0.79%Fee0.52%

3–1FHEQ wins

End-of-day Nov 5, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+5.2%

+8.5%Year to date+5.2%

12.2%Yield8.1%

$42.1BAssets$46.1B

2–0JEPQ wins

End-of-day Nov 5, 2026

SPYM vs SPY

YTD

SPDRSPYM

+8.4%

SPYSPDR

+8.3%

+8.4%Year to date+8.3%

1.1%Yield1.0%

$182BAssets$805B

2–0SPYM wins

End-of-day Nov 5, 2026