Fidelity Hedged Equity ETFFHEQ

FidelityDefined OutcomeHedged Equity#172 of 318 by YTD

$33.32

+0.6% last session

+8.4% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 6, 2026 – Nov 4, 2026FHEQS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.6%	−2.3%	−2.4%	+8.4%	+7.5%	—	—	+35.7%
Peer average	+0.9%	−1.5%	−0.7%	+6.7%	+6.9%	+56.2%	+54.5%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $986M
Expense ratio: 0.52%
Distribution yield: 0.6%
NAV: $33.27
Volume: 227K
Avg. volume 30D: 95K
High today: $33.43
Low today: $33.24
Previous close: $33.11
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+18.4%$635M

#2RFLRInnovator+13.7%$96.7M

#3KSPYKraneShares+10.3%$135M

#4PHEQEaton Vance+9.7%$150M

#5MAYZTrueShares+9.6%$33.0M

#6JUNZTrueShares+9.5%$29.9M

#7JULZTrueShares+9.5%$38.3M

#8SEPZTrueShares+9.5%$104M

#18FHEQFidelity+8.4%$986M

End-of-day Nov 5, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in FHEQ

$10,000 in FHEQ became

$13,572

In the S&P 500 (VOO)

$15,266

Total return, dividends in · Apr 11, 2024 – Nov 4, 2026 · S&P 500 uses VOO

FHEQ’s Top Holdings

Today

NVDANvidia7.4%AAPL7.4%MSFT5.2%AMZN3.9%AVGO2.6%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%ABBVGE BACGILDOther

NVDA7.4%AAPL7.4%MSFT5.2%AMZN3.9%AVGO2.6%GOOGL2.5%META2.2%BRK-BLLYJPMGOOGMUOther

TechnologyFinancial ServicesHealthcareCommunication ServicesConsumer CyclicalIndustrialsOther

Fidelity FHEQ · 0 holdings · tile size = share of the fund · as of Nov 4, 2026

What FHEQ Holds

Today

Technology35.7%

NVDA 7.4 · AAPL 7.4 · MSFT 5.2 · AVGO 2.6 · MU 1.6 · CSCO 1.0 · AMD

Financial Services12.7%

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

Healthcare9.4%

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

Communication Services7.8%

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

Consumer Cyclical6.9%

AMZN 3.9 · TSLA 1.2 · ABNB · F · GM · ROST

Industrials6.7%

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

Consumer Defensive3.9%

COST · WMT · PG · MO · KO · PEP · SYY

Fidelity FHEQ · share of the fund by sector · as of Nov 4, 2026

Nvidia’s Share of FHEQ

Today

7.4%

$74 of every $1,000 in FHEQ is Nvidia

Nvidia held by FHEQ

$73.1M

Most Nvidia per dollar

SMH20.6%

SMHX20.1%

GXPT19.9%

FDG19.0%

Fidelity FHEQ · each square = $10 of $1,000 · as of Nov 4, 2026

FHEQ’s Share of Hedged Equity ETFs

Today

6.6%

of the $14.9B in 31 Hedged equity ETFs

FHEQ$986M6.6%

HELO$4.9B32.6%

BALT$3.3B22.0%

28 others$5.8B38.8%

Hedged equity ETF AUM · Nov 5, 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 5, 2026

Inside FHEQ

as of Nov 4, 2026

FHEQ

Fidelity Hedged Equity ETF

Today

Technology35.7%NVDA7.4%AAPL7.4%MSFT5.2%AVGOMU CSCO21 moreFinancial Services12.7%JPMV MA 9 moreHealthcare9.4%LLYUNHABBVGILD6 moreCommunication Services7.8%GOOGLMETAGOOGConsumer Cyclical6.9%AMZNTSLAIndustrials6.7%GE RTXCATGEVTT Consumer Defensive3.9%COSTWMTPG MO KO Energy2.5%XOMCVXOther11.2%

#	Ticker	Company	Weight ▼
1	NVDA	Nvidia	7.41%
2	AAPL	Apple	7.40%
3	MSFT	Microsoft	5.23%
4	AMZN	Amazon	3.91%
5	AVGO	Broadcom	2.59%
6	GOOGL	Alphabet	2.49%
7	META	META Platforms	2.21%
8	BRK-B	Berkshire Hathaway	2.08%
9	LLY	ELI Lilly &	2.06%
10	JPM	Jpmorgan Chase &	1.86%

TechnologyFinancial ServicesHealthcareCommunication ServicesConsumer CyclicalIndustrialsConsumer DefensiveEnergyReal EstateBasic MaterialsUtilitiesOther

Fidelity FHEQ · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 49.6%

How It Compares

FHEQ

Fidelity Hedged Equity ETF’s Peers

YTD


HELO	J.P. MorganRead Desk	0.50%	+5.3%	+6.7%	$4.9B
BALT	InnovatorRead Desk	0.69%	+4.7%	+6.3%	$3.3B
SFLR	InnovatorRead Desk	0.89%	+6.7%	+6.6%	$2.2B
FHEQ	FidelityThis fundRead Desk	0.52%	+8.4%	+7.5%	$986M
HEGD	SwanRead Desk	0.88%	+6.7%	+6.2%	$731M
SIXH	MeridianRead Desk	0.31%	+18.4%	+23.9%	$635M

Hedged equity peers · YTD and past-year returns · as of Nov 5, 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

+5.3%

+8.4%

FHEQ wins+3.0 pts

Past year

+6.7%

+7.5%

FHEQ wins+0.8 pts

Fee

0.50%

0.52%

HELO winslower fee

Yield

0.6%

Level

AUM

$4.9B

$986M

HELO4.9× more

2–1FHEQ wins

J.P. Morgan HELO and Fidelity FHEQ · year-to-date · as of Nov 5, 2026 · AUM not scored

FHEQ vs VOO

YTD

FHEQ · Fidelity Hedged Equity

+8.4%

VOO · S&P 500

+13.4%

Gap

5.0 pts

Fidelity FHEQ and Vanguard VOO · YTD total return · as of Nov 5, 2026

FHEQ vs Its Peer Average

YTD

FHEQAvsBPeer average

1D+0.6%+0.9%

1M−2.3%−1.5%

3M−2.4%−0.7%

YTD+8.4%+6.7%

1Y+7.5%+6.9%

3Y[…]+56.2%

5Y[…]+54.5%

2–3Peer average wins

30 Hedged equity peers · each row scaled to its leader

The Details

FHEQ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y10.06%

Deepest drop · 1Y−7.8%

Lowest point · 5Y−3.1%

52-week range

$33.32

$28.84−3.7% from the high$34.60

Fidelity FHEQ · past-year price moves · as of Nov 5, 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 5, 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$33.27

Premium / discount[…]

Median spread · 30D[…]

Volume today227K

Average volume · 30D95K

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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