Fidelity Hedged Equity ETFFHEQ

FidelityDefined OutcomeHedged Equity#148 of 318 by YTD

$32.58

−2.2% last session

+6.0% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 7, 2026 – Nov 5, 2026FHEQS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−2.2%	−4.2%	−5.2%	+6.0%	+6.3%	—	—	+32.7%
Peer average	−2.4%	−3.8%	−3.5%	+4.0%	+4.9%	+51.4%	+49.5%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $1000M
Expense ratio: 0.52%
Distribution yield: 0.6%
NAV: $32.59
Volume: 52K
Avg. volume 30D: 94K
High today: $33.45
Low today: $32.56
Previous close: $33.32
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+14.7%$641M

#2RFLRInnovator+10.6%$94.1M

#3JUNZTrueShares+9.5%$30.3M

#4PHEQEaton Vance+7.0%$151M

#5HEGDSwan+6.7%$739M

#6KSPYKraneShares+6.2%$135M

#7MAYZTrueShares+6.0%$33.4M

#8JULZTrueShares+6.0%$38.8M

#9FHEQFidelity+6.0%$1000M

End-of-day Nov 6, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in FHEQ

$10,000 in FHEQ became

$13,271

In the S&P 500 (VOO)

$14,599

Total return, dividends in · Apr 11, 2024 – Nov 5, 2026 · S&P 500 uses VOO

FHEQ’s Top Holdings

Today

AAPLApple7.8%NVDA7.2%MSFT5.8%AMZN4.1%AVGO2.5%GOOGL2.5%BRK-B2.1%LLY2.1%META2.1%JPM1.9%GOOG1.9%MU1.5%V1.4%MA1.3%XOM1.2%TSLA1.1%CSCO1.0%UNHABBVBACGE GILD178 more

AAPL7.8%NVDA7.2%MSFT5.8%AMZN4.1%AVGO2.5%GOOGL2.5%BRK-BLLYMETAJPMGOOGMU188 more

TechnologyFinancial ServicesHealthcareConsumer CyclicalCommunication ServicesIndustrialsOther

Fidelity FHEQ · 200 holdings · tile size = share of the fund · as of Nov 5, 2026

What FHEQ Holds

Today

Technology35.3%

AAPL 7.8 · NVDA 7.2 · MSFT 5.8 · AVGO 2.5 · MU 1.5 · CSCO 1.0 · AMD

Financial Services12.9%

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

Healthcare9.2%

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

Consumer Cyclical7.8%

AMZN 4.1 · TSLA 1.1 · ABNB · F · GM · SBUX · ROST

Communication Services7.7%

GOOGL 2.5 · META 2.1 · GOOG 1.9 · NFLX · CMCSA · T

Industrials6.5%

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 5, 2026

Apple’s Share of FHEQ

Today

7.8%

$78 of every $1,000 in FHEQ is Apple

Apple held by FHEQ

$78.1M

Most Apple per dollar

GXPT21.3%

FTEC18.2%

IYW17.8%

MNZL17.1%

Fidelity FHEQ · each square = $10 of $1,000 · as of Nov 5, 2026

FHEQ’s Share of Hedged Equity ETFs

Today

6.8%

of the $14.8B in 31 Hedged equity ETFs

FHEQ$1000M6.8%

HELO$4.9B33.3%

BALT$3.2B22.0%

28 others$5.6B38.0%

Hedged equity ETF AUM · Nov 6, 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 6, 2026

Inside FHEQ

98 holdings · as of Nov 5, 2026

FHEQ

Fidelity Hedged Equity ETF

Today

Technology35.3%AAPL7.8%NVDA7.2%MSFT5.8%AVGOMU CSCO20 moreFinancial Services12.9%JPMV MA 9 moreHealthcare9.2%LLYUNHABBVGILDPFEBMY6 moreConsumer Cyclical7.8%AMZNTSLAF GM Communication Services7.7%GOOGLMETAGOOGNFLXCMCSAIndustrials6.5%CAT6 moreConsumer Defensive4.0%COSTWMTEnergy2.6%CVXSREOther10.6%

#	Ticker	Company	Weight ▼
1	AAPL	Apple	7.81%
2	NVDA	Nvidia	7.18%
3	MSFT	Microsoft	5.78%
4	AMZN	Amazon	4.12%
5	AVGO	Broadcom	2.52%
6	GOOGL	Alphabet	2.50%
7	BRK-B	Berkshire Hathaway	2.12%
8	LLY	ELI Lilly &	2.06%
9	META	META Platforms	2.05%
10	JPM	Jpmorgan Chase &	1.90%

See all 200 holdings ↓

TechnologyFinancial ServicesHealthcareConsumer CyclicalCommunication ServicesIndustrialsConsumer DefensiveEnergyReal EstateBasic MaterialsUtilitiesOther

Fidelity FHEQ · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 50.3%

All FHEQ Holdings

200 holdings · as of Nov 5, 2026

FHEQ

FHEQ’s Holdings

Today

#
1	AAPLApple	Technology	7.81%	$780.63	224K	$78.4M
2	NVDANvidia	Technology	7.18%	$717.55	360K	$72.1M
3	MSFTMicrosoft	Technology	5.78%	$578.28	105K	$58.1M
4	AMZNAmazon	Consumer Cyclical	4.12%	$411.96	156K	$41.4M
5	AVGOBroadcom	Technology	2.52%	$251.79	78K	$25.3M
6	GOOGLAlphabet	Communication Services	2.50%	$249.63	87K	$25.1M
7	—Cash CF	—	2.23%	$222.87	22.4M	$22.4M
8	BRK-BBerkshire Hathaway	Financial Services	2.12%	$211.66	37K	$21.3M
9	LLYELI Lilly	Healthcare	2.06%	$206.13	15K	$20.7M
10	METAMETA Platforms	Communication Services	2.05%	$205.41	33K	$20.6M
11	JPMJpmorgan Chase	Financial Services	1.90%	$190.28	54K	$19.1M
12	GOOGAlphabet	Communication Services	1.85%	$185.50	65K	$18.6M
13	MUMicron Technology	Technology	1.51%	$151.03	19K	$15.2M
14	VVisa	Financial Services	1.43%	$142.79	33K	$14.4M
15	MAMastercard	Financial Services	1.33%	$133.20	20K	$13.4M

Fidelity FHEQ · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 5, 2026

How It Compares

FHEQ

Fidelity Hedged Equity ETF’s Peers

YTD


HELO	J.P. MorganRead Desk	0.50%	+2.5%	+4.3%	$4.9B
BALT	InnovatorRead Desk	0.69%	+3.6%	+5.3%	$3.2B
SFLR	InnovatorRead Desk	0.89%	+2.8%	+3.6%	$2.2B
FHEQ	FidelityThis fundRead Desk	0.52%	+6.0%	+6.3%	$1000M
HEGD	SwanRead Desk	0.88%	+6.7%	+6.2%	$739M
SIXH	MeridianRead Desk	0.31%	+14.7%	+19.6%	$641M

Hedged equity peers · YTD and past-year returns · as of Nov 6, 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

+2.5%

+6.0%

FHEQ wins+3.4 pts

Past year

+4.3%

+6.3%

FHEQ wins+2.0 pts

Fee

0.50%

0.52%

HELO winslower fee

Yield

0.6%

Level

AUM

$4.9B

$1000M

HELO4.9× more

2–1FHEQ wins

J.P. Morgan HELO and Fidelity FHEQ · year-to-date · as of Nov 6, 2026 · AUM not scored

FHEQ vs VOO

YTD

FHEQ · Fidelity Hedged Equity

+6.0%

VOO · S&P 500

+8.4%

Gap

2.4 pts

Fidelity FHEQ and Vanguard VOO · YTD total return · as of Nov 6, 2026

FHEQ vs Its Peer Average

YTD

FHEQAvsBPeer average

1D−2.2%−2.4%

1M−4.2%−3.8%

3M−5.2%−3.5%

YTD+6.0%+4.0%

1Y+6.3%+4.9%

3Y[…]+51.4%

5Y[…]+49.5%

3–2FHEQ wins

30 Hedged equity peers · each row scaled to its leader

The Details

FHEQ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y10.25%

Deepest drop · 1Y−7.8%

Lowest point · 5Y−3.1%

52-week range

$32.58

$28.84−5.8% from the high$34.60

Fidelity FHEQ · past-year price moves · as of Nov 6, 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 6, 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$32.59

Premium / discount[…]

Median spread · 30D[…]

Volume today52K

Average volume · 30D94K

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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