Fidelity Hedged Equity ETFFHEQ

FidelityDefined OutcomeHedged Equity#154 of 318 by YTD

$33.11

+0.2% last session

+7.7% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026FHEQS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.2%	−2.6%	−3.2%	+7.7%	+7.1%	—	—	+34.9%
Peer average	+0.2%	−2.0%	−1.7%	+5.8%	+6.0%	+56.0%	+52.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $986M
Expense ratio: 0.52%
Distribution yield: 0.6%
NAV: $33.05
Volume: 88K
Avg. volume 30D: 92K
High today: $33.18
Low today: $32.98
Previous close: $33.04
52-week high: $34.60
52-week low: $28.84
Our risk indicator: 3/5

FHEQ in One Breath

FHEQ Among Hedged Equity ETFs

YTD

#1SIXHMeridian+17.5%$744M

#2RFLRInnovator+12.5%$95.5M

#3KSPYKraneShares+8.9%$133M

#4PHEQEaton Vance+8.8%$149M

#5JUNZTrueShares+8.4%$29.9M

#6JULZTrueShares+8.3%$38.2M

#7MAYZTrueShares+8.3%$32.9M

#8SEPZTrueShares+8.2%$104M

#13FHEQFidelity+7.7%$986M

End-of-day Nov 4, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in FHEQ

$10,000 in FHEQ became

$13,487

In the S&P 500 (VOO)

$15,023

Total return, dividends in · Apr 11, 2024 – Nov 3, 2026 · S&P 500 uses VOO

FHEQ’s Top Holdings

Today

AAPLApple7.6%NVDA7.3%MSFT5.1%AMZN3.8%AVGO2.5%GOOGL2.5%META2.2%BRK-B2.1%LLY2.1%JPM1.9%GOOG1.8%MU1.6%V1.4%MA1.3%XOM1.2%TSLA1.2%CSCO1.0%UNH1.0%ABBVBACGE GILDOther

AAPL7.6%NVDA7.3%MSFT5.1%AMZN3.8%AVGO2.5%GOOGL2.5%META2.2%BRK-B2.1%LLYJPMGOOGMUOther

TechnologyFinancial ServicesHealthcareCommunication ServicesConsumer CyclicalIndustrialsOther

Fidelity FHEQ · 0 holdings · tile size = share of the fund · as of Nov 3, 2026

What FHEQ Holds

Today

Technology35.3%

AAPL 7.6 · NVDA 7.3 · MSFT 5.1 · AVGO 2.5 · MU 1.6 · CSCO 1.0 · AMD

Financial Services12.8%

BRK-B 2.1 · JPM 1.9 · V 1.4 · MA 1.3 · BAC · WFC · PGR

Healthcare9.5%

LLY 2.1 · UNH · ABBV · GILD · PFE · REGN · BMY

Communication Services7.7%

GOOGL 2.5 · META 2.2 · GOOG 1.8 · NFLX · CMCSA · T

Consumer Cyclical6.9%

AMZN 3.8 · TSLA 1.2 · ABNB · F · GM · ROST

Industrials6.6%

GE · RTX · CAT · GEV · TT · AME · VLTO

Consumer Defensive4.0%

COST · WMT · PG · MO · KO · PEP · SYY

Fidelity FHEQ · share of the fund by sector · as of Nov 3, 2026

Apple’s Share of FHEQ

Today

7.6%

$76 of every $1,000 in FHEQ is Apple

Apple held by FHEQ

$74.6M

Most Apple per dollar

GXPT20.8%

FTEC17.9%

IYW17.4%

MNZL16.6%

Fidelity FHEQ · each square = $10 of $1,000 · as of Nov 3, 2026

FHEQ’s Share of Hedged Equity ETFs

Today

6.6%

of the $14.8B in 31 Hedged equity ETFs

FHEQ$986M6.6%

HELO$4.8B32.7%

BALT$3.2B21.9%

28 others$5.8B38.8%

Hedged equity ETF AUM · Nov 4, 2026

FHEQ Fee per $100 vs Peers

Today

$0.52a year
per $100

$52 a year on $10,000

SIXH$0.31

HELO$0.50

FHEQ$0.52

BALT$0.69

HEGD$0.88

SFLR$0.89

Expense ratio · Hedged equity peers · Nov 4, 2026

Inside FHEQ

as of Nov 3, 2026

FHEQ

Fidelity Hedged Equity ETF

Today

Technology35.3%AAPL7.6%NVDA7.3%MSFT5.1%AVGOMU CSCO21 moreFinancial Services12.8%JPMV MA 9 moreHealthcare9.5%LLYUNHABBVGILDPFEREGN6 moreCommunication Services7.7%GOOGLMETAGOOGConsumer Cyclical6.9%AMZNTSLAIndustrials6.6%GE RTXCATGEVTT Consumer Defensive4.0%COSTWMTPG MO KO Energy2.5%XOMCVXOther11.3%

#	Ticker	Company	Weight ▼
1	AAPL	Apple	7.57%
2	NVDA	Nvidia	7.28%
3	MSFT	Microsoft	5.11%
4	AMZN	Amazon	3.84%
5	AVGO	Broadcom	2.52%
6	GOOGL	Alphabet	2.49%
7	META	META Platforms	2.17%
8	BRK-B	Berkshire Hathaway	2.08%
9	LLY	ELI Lilly &	2.07%
10	JPM	Jpmorgan Chase &	1.88%

TechnologyFinancial ServicesHealthcareCommunication ServicesConsumer CyclicalIndustrialsConsumer DefensiveEnergyReal EstateBasic MaterialsUtilitiesOther

Fidelity FHEQ · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 49.4%

How It Compares

FHEQ

Fidelity Hedged Equity ETF’s Peers

YTD


HELO	J.P. MorganRead Desk	0.50%	+4.2%	+5.7%	$4.8B
BALT	InnovatorRead Desk	0.69%	+4.3%	+5.9%	$3.2B
SFLR	InnovatorRead Desk	0.89%	+5.4%	+5.5%	$2.2B
FHEQ	FidelityThis fundRead Desk	0.52%	+7.7%	+7.1%	$986M
SIXH	MeridianRead Desk	0.31%	+17.5%	+22.6%	$744M
HEGD	SwanRead Desk	0.88%	+5.4%	+4.9%	$730M

Hedged equity peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FHEQ head to head with HELO →

HELO vs FHEQ

YTD

HELOJ.P. Morgan · Hedged equityFHEQFidelity · Hedged equity

Year to date

+4.2%

+7.7%

FHEQ wins+3.5 pts

Past year

+5.7%

+7.1%

FHEQ wins+1.3 pts

Fee

0.50%

0.52%

HELO winslower fee

Yield

0.6%

Level

AUM

$4.8B

$986M

HELO4.9× more

2–1FHEQ wins

J.P. Morgan HELO and Fidelity FHEQ · year-to-date · as of Nov 4, 2026 · AUM not scored

FHEQ vs VOO

YTD

FHEQ · Fidelity Hedged Equity

+7.7%

VOO · S&P 500

+11.5%

Gap

3.9 pts

Fidelity FHEQ and Vanguard VOO · YTD total return · as of Nov 4, 2026

FHEQ vs Its Peer Average

YTD

FHEQAvsBPeer average

1D+0.2%+0.2%

1M−2.6%−2.0%

3M−3.2%−1.7%

YTD+7.7%+5.8%

1Y+7.1%+6.0%

3Y[…]+56.0%

5Y[…]+52.4%

3–2FHEQ wins

30 Hedged equity peers · each row scaled to its leader

The Details

FHEQ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y10.04%

Deepest drop · 1Y−7.8%

Lowest point · 5Y−3.1%

52-week range

$33.11

$28.84−4.3% from the high$34.60

Fidelity FHEQ · past-year price moves · as of Nov 4, 2026

FHEQ

Fund Facts

Today

2024launched Apr 9

Tracks[…]

Exchange · CUSIPCBOE · 31624J745

StructureETF

Leverage1x

Cost on $10,000$52 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Fidelity FHEQ · fund facts · as of Nov 4, 2026

FHEQ

Payouts by Year

$0.0570per share, Sep 2026

Distribution yield0.6%

PaidEvery quarter

Latest ex-date · paidSep 18 · Sep 22, 2026

10 payouts added up$0.49 a share

Fidelity FHEQ · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$33.05

Premium / discount[…]

Median spread · 30D[…]

Volume today88K

Average volume · 30D92K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.52%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$52.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 18, 2026	Sep 22, 2026	$0.0570
Jun 18, 2026	Jun 23, 2026	$0.0420
Mar 20, 2026	Mar 24, 2026	$0.0590
Dec 19, 2025	Dec 23, 2025	$0.0400
Sep 19, 2025	Sep 23, 2025	$0.0400
Jun 20, 2025	Jun 24, 2025	$0.0570
Mar 21, 2025	Mar 25, 2025	$0.0570
Dec 20, 2024	Dec 24, 2024	$0.0570
Sep 20, 2024	Sep 24, 2024	$0.0500
Jun 21, 2024	Jun 25, 2024	$0.0300

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