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FHEQvsSPYMETF Comparison

ETF 1

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

+0.26%

Full FHEQ fund page

VS

ETF 2

SPYM

State Street SPDR Portfolio S&P 500 ETF

This fund is part of

US Large Cap

+0.9%

Full SPYM fund page

Fidelity Hedged Equity ETF (FHEQ) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. FHEQ's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, SPYM's top sector exposures are Information Technology, Financials and Communication Services. FHEQ is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.02% for SPYM. FHEQ is up 3.18% year-to-date (YTD) with +$31M in YTD flows. SPYM performs better with 5.05% YTD performance, and +$32.46B in YTD flows. Run a side-by-side ETF comparison of FHEQ and SPYM 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 SPYM performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FHEQ SPYM	+7.60%+9.36%	+2.60%+3.39%	+3.18%+5.05%	+22.58%+32.23%	n/a+80.36%	n/a+83.74%
Flows	FHEQ SPYM	-$57M+$10.83B	-$23M+$25.02B	+$31M+$32.46B	+$162M+$52.19B	-+$89.28B	-+$96.53B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FHEQ SPYM	+10.53%+15.23%	+9.58%+12.47%	n/a+14.96%	n/a+16.94%
Max drawdown	FHEQ SPYM	-7.39%-8.89%	-7.39%-8.89%	n/a-18.74%	n/a-24.50%
Max drawdown duration	FHEQ SPYM	71d76d	71d76d	n/a126d	n/a708d

Trading data

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	FHEQ	SPYM
Last sale 4/27/2026 at 1:30 PM	$31.86
Previous close 04/24/2026	$31.76
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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FHEQ

is actively managed and doesn’t replicate an index

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	FHEQ	SPYM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FHEQ	SPYM
Last price	$31.86	–
1D performance	+0.31%	–
AuM	$812.91 M	$136.00 B
E/R	0.52%	0.02%

Characteristics

	FHEQ	SPYM
Management strategy	Active	Passive
Provider	Fidelity	State Street Investment Management
Benchmark	-	S&P 500 Index
N° of holdings	146	478
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 9, 2024	November 8, 2005
ESG	No	No

More FHEQ data on Trackinsight

More SPYM data on Trackinsight

Exposure

Countries

FHEQ

USA

96.67%

Other

3.33%

SPYM

USA

96.87%

Other

3.13%

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%

SPYM

Information Techn.

33.91%

Financials

10.38%

Communication Ser.

10.22%

Consumer Discreti.

10.01%

Health Care

9.32%

Industrials

8.32%

Other

17.84%

Diversification

FHEQ

Total weight of top 15 holdings out of 15

46.29%

SPYM

Total weight of top 15 holdings out of 15

42.47%

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%

SPYM

NVIDIA

7.57%

APPLE

6.66%

MICROSOFT-T

4.91%

AMAZON.COM INC

3.64%

ALPHABET INC-CL

2.99%

BROADCOM LIMITED

2.62%

ALPHABET INC-CL

2.40%

META PLATFORMS

2.24%

TESLA

1.87%

BERKSHIRE HATHWAY

1.57%

JPMORGAN CHASE

1.42%

LILLY

1.30%

EXXON

1.27%

JOHNSON&JOHNSON

1.05%

WALMART INC

0.97%

Frequently asked questions about FHEQ and SPYM

How have the FHEQ and SPYM ETFs performed in 2026?

As of April 24, 2026, FHEQ is up 3.18% year-to-date (YTD), while SPYM has returned 5.05%. That puts SPYM better performer ahead so far this year.

Which ETF is attracting more investor money: FHEQ or SPYM?

Year-to-date, the FHEQ ETF saw +$31M in flows, compared to +$32.46B for SPYM.

Which ETF is more volatile: FHEQ or SPYM?

Over the past year, FHEQ had a volatility of 9.58%, while SPYM experienced 12.47%.

Which ETF is bigger: FHEQ or SPYM?

As of April 24, 2026, FHEQ holds $812.91 M in assets under management (AUM), while SPYM manages $136.00 B.

What sectors do the FHEQ and SPYM ETFs invest in?

FHEQ leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPYM focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the FHEQ ETF and SPYM ETF?

FHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: FHEQ or SPYM?

FHEQ holds 157 securities with 46.29% of its assets in the top 15. SPYM has 503 securities and a top 15 weight of 42.47%.

ETF Model Portfolios: The Warren Buffett 90/10

March 25, 2026

SPYM

Tony’s ETF Buyer’s Guide: Hedged Equity ETFs

February 10, 2026

FHEQ

FHEQvsSPYMETF Comparison

Fidelity Hedged Equity ETF

State Street SPDR Portfolio S&P 500 ETF

FHEQ vs SPYM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FHEQ and SPYM ETFs performed in 2026?

As of April 24, 2026, FHEQ is up 3.18% year-to-date (YTD), while SPYM has returned 5.05%. That puts SPYM better performer ahead so far this year.

Which ETF is attracting more investor money: FHEQ or SPYM?

Year-to-date, the FHEQ ETF saw +$31M in flows, compared to +$32.46B for SPYM.

Which ETF is more volatile: FHEQ or SPYM?

Over the past year, FHEQ had a volatility of 9.58%, while SPYM experienced 12.47%.

Which ETF is bigger: FHEQ or SPYM?

As of April 24, 2026, FHEQ holds $812.91 M in assets under management (AUM), while SPYM manages $136.00 B.

What sectors do the FHEQ and SPYM ETFs invest in?

FHEQ leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPYM focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the FHEQ ETF and SPYM ETF?

FHEQ top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: FHEQ or SPYM?

FHEQ holds 157 securities with 46.29% of its assets in the top 15. SPYM has 503 securities and a top 15 weight of 42.47%.

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Tony’s ETF Buyer’s Guide: Hedged Equity ETFs

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