FHEQvsFELCETF Comparison
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Fidelity Hedged Equity ETF (FHEQ) belongs to the Options Strategies segment. Fidelity Enhanced Large Cap Core ETF (FELC) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. FHEQ is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.18% for FELC. FHEQ is up 2.97% year-to-date (YTD) with +$31M in YTD flows. FELC performs better with 4.23% YTD performance, and +$554M in YTD flows. Run a side-by-side ETF comparison of FHEQ and FELC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FHEQ vs FELC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FHEQ FELC | +7.14%+8.38% | +2.91%+3.94% | +2.97%+4.23% | +25.09%+36.43% | n/an/a | n/an/a |
| Flows | FHEQ FELC | -$57M-$35M | -$12M+$401M | +$31M+$554M | +$162M+$1.61B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FHEQ FELC | +10.45%+15.26% | +9.67%+12.75% | n/an/a | n/an/a |
| Max drawdown | FHEQ FELC | -7.39%-9.05% | -7.39%-9.05% | n/an/a | n/an/a |
| Max drawdown duration | FHEQ FELC | 71d70d | 71d70d | n/an/a | n/an/a |
Trading data
FHEQ | FELC | |
Last sale 4/23/2026 at 1:30 PM | $31.49 | $39.47 |
| Previous close 04/22/2026 | $31.67 | $39.68 |
| Consolidated volume 04/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/23/2026 at 1:30 PM
Live
Closed
FHEQ | FELC | |
|---|---|---|
| Last price | $31.49 | $39.47 |
| 1D performance | -0.57% | -0.53% |
| AuM | $811.27 M | $6.90 B |
| E/R | 0.52% | 0.18% |
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Exposure
Countries
FHEQ
USA
96.67%
Other
3.33%
FELC
USA
97.07%
Other
2.93%
Sectors
FHEQ
Information Techn.
36.08%
Communication Ser.
11.45%
Financials
10.8%
Consumer Discreti.
10.01%
Industrials
8.77%
Health Care
8.07%
Other
14.82%
FELC
Information Techn.
35.46%
Communication Ser.
11.84%
Financials
11.08%
Consumer Discreti.
9.73%
Industrials
8.97%
Health Care
8.36%
Other
14.56%
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Diversification
FHEQ
Total weight of top 15 holdings out of 15
46.29%
FELC
Total weight of top 15 holdings out of 15
45.76%
Top 15 holdings
Data as of March 31, 2026
FHEQ
NVIDIA
7.80%
APPLE
7.42%
MICROSOFT-T
4.82%
AMAZON.COM INC
4.02%
BROADCOM LIMITED
3.17%
ALPHABET INC-CL
3.13%
META PLATFORMS
2.42%
ALPHABET INC-CL
2.36%
BERKSHIRE HATHWAY
2.15%
JPMORGAN CHASE
1.72%
LILLY
1.69%
EXXON
1.65%
TESLA
1.50%
MASTERCARD
1.22%
ABBVIE
1.21%
FELC
NVIDIA
7.98%
APPLE
7.30%
MICROSOFT-T
4.72%
AMAZON.COM INC
3.96%
BROADCOM LIMITED
3.13%
ALPHABET INC-CL
3.09%
META PLATFORMS
2.46%
ALPHABET INC-CL
2.30%
BERKSHIRE HATHWAY
2.12%
JPMORGAN CHASE
1.66%
EXXON
1.56%
LILLY
1.54%
TESLA
1.54%
MASTERCARD
1.23%
MICRON TECHNOLOGY
1.17%
Frequently asked questions about FHEQ and FELC
How have the FHEQ and FELC ETFs performed in 2026?
As of April 22, 2026, FHEQ is up 2.97% year-to-date (YTD), while FELC has returned 4.23%. That puts FELC better performer ahead so far this year.
Which ETF is attracting more investor money: FHEQ or FELC?
Year-to-date, the FHEQ ETF saw +$31M in flows, compared to +$554M for FELC.
Which ETF is more volatile: FHEQ or FELC?
Over the past year, FHEQ had a volatility of 9.67%, while FELC experienced 12.75%.
Which ETF is bigger: FHEQ or FELC?
As of April 22, 2026, FHEQ holds $811.27 M in assets under management (AUM), while FELC manages $6.90 B.
What sectors do the FHEQ and FELC ETFs invest in?
FHEQ leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, FELC focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the FHEQ ETF and FELC ETF?
FHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. FELC holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: FHEQ or FELC?
FHEQ holds 157 securities with 46.29% of its assets in the top 15. FELC has 198 securities and a top 15 weight of 45.76%.
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Latest news about FHEQ & FELC
Tony’s ETF Buyer’s Guide: Hedged Equity ETFs
February 10, 2026
FHEQ
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FELC
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