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FHEQvsSPYIETF Comparison
Fidelity Hedged Equity ETF (FHEQ) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. FHEQ's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, SPYI's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. FHEQ is less expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.68% for SPYI. FHEQ is down -1.4% year-to-date (YTD) with +$86M in YTD flows. SPYI performs better with 0.11% YTD performance, and +$1.35B in YTD flows. Run a side-by-side ETF comparison of FHEQ and SPYI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FHEQ vs SPYI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FHEQ SPYI | -1.91%-1.58% | -2.37%-0.14% | -1.40%+0.11% | +15.53%+21.16% | n/a+62.72% | n/an/a |
| Flows | FHEQ SPYI | +$19M+$527M | +$205M+$1.84B | +$86M+$1.35B | +$394M+$4.87B | -+$7.99B | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FHEQ SPYI | +8.46%+9.75% | +11.00%+16.10% | n/a+12.35% | n/an/a |
| Max drawdown | FHEQ SPYI | -2.78%-2.53% | -6.29%-12.92% | n/a-16.58% | n/an/a |
| Max drawdown duration | FHEQ SPYI | 37d14d | 45d45d | n/a125d | n/an/a |
FHEQ | SPYI | |
Last sale 3/12/2026 at 1:30 PM | $30.14 | $50.79 |
| Previous close 03/11/2026 | $30.44 | $51.48 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
FHEQ | SPYI | |
|---|---|---|
| Last price | $30.14 | $50.79 |
| 1D performance | -0.99% | -1.34% |
| AuM | $835.39 M | $8.08 B |
| E/R | 0.52% | 0.68% |
FHEQ | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | 129 | 431 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 9, 2024 | August 30, 2022 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FHEQ and SPYI ETFs performed in 2026?
As of March 11, 2026, FHEQ is down -1.4% year-to-date (YTD), while SPYI has returned 0.11%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: FHEQ or SPYI?
Year-to-date, the FHEQ ETF saw +$86M in flows, compared to +$1.35B for SPYI.
Which ETF is more volatile: FHEQ or SPYI?
Over the past year, FHEQ had a volatility of 11%, while SPYI experienced 16.1%.
Which ETF is bigger: FHEQ or SPYI?
As of March 11, 2026, FHEQ holds $835.39 M in assets under management (AUM), while SPYI manages $8.08 B.
What sectors do the FHEQ and SPYI ETFs invest in?
FHEQ leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPYI focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the FHEQ ETF and SPYI ETF?
FHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYI holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: FHEQ or SPYI?
FHEQ holds 135 securities with 47.21% of its assets in the top 15. SPYI has 452 securities and a top 15 weight of 44.79%.
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