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FHEQvsTENMETF Comparison

ETF 1

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

-0.24%

Full FHEQ fund page

VS

ETF 2

TENM

iShares Large Cap 10% Target Buffer Mar ETF

This fund is part of

Options Strategies

-0.24%

Full TENM fund page

Fidelity Hedged Equity ETF (FHEQ) and iShares Large Cap 10% Target Buffer Mar ETF (TENM) belong to the same industry segment: Options Strategies. FHEQ's top 3 sector exposures are Technology, Finance and Industrials. In contrast, TENM's top sector exposures are Technology, Finance and Healthcare. FHEQ is less expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.53% for TENM. FHEQ is up 10.46% year-to-date (YTD) with +$136M in YTD flows. TENM performs worse with 8.91% YTD performance, and -$139M in YTD flows. Run a side-by-side ETF comparison of FHEQ and TENM 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 TENM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/08/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FHEQ TENM	-1.26%+0.44%	+3.49%+3.36%	+10.46%+8.91%	+14.02%n/a	n/an/a	n/an/a
Flows	FHEQ TENM	+$20M-	+$85M-$2M	+$136M-$139M	+$374M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FHEQ TENM	+10.23%+5.52%	+9.99%n/a	n/an/a	n/an/a
Max drawdown	FHEQ TENM	-2.31%-1.31%	-7.39%n/a	n/an/a	n/an/a
Max drawdown duration	FHEQ TENM	23d17d	71dn/a	n/an/a	n/an/a

Trading data

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	FHEQ	TENM
Last sale 9/9/2026 at 1:30 PM	$33.86	$27.67
Previous close 09/08/2026	$33.99	$27.67
Consolidated volume 09/08/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/9/2026 at 1:30 PM

Live

Closed

	FHEQ	TENM
Last price	$33.86	$27.67
1D performance	-0.38%	+0.00%
AuM	$976.09 M	$46.48 M
E/R	0.52%	0.53%

Characteristics

	FHEQ	TENM
Management strategy	Active	Active
Provider	Fidelity	iShares
Benchmark	-	-
N° of holdings	159	501
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 9, 2024	October 21, 2025
ESG	No	No

More FHEQ data on Trackinsight

More TENM data on Trackinsight

Exposure

Countries

FHEQ

USA

98.26%

Other

1.74%

TENM

USA

100.9%

Other

-0.9%

Sectors

FHEQ

Technology

47.38%

Finance

14.61%

Industrials

10.37%

Healthcare

9.1%

Consumer Non-Cycl.

8.43%

Other

10.11%

TENM

Technology

45.93%

Finance

14.38%

Healthcare

9.22%

Consumer Non-Cycl.

9.17%

Industrials

8.04%

Other

13.26%

Diversification

FHEQ

Total weight of top 15 holdings out of 15

46.8%

TENM

Total weight of top 15 holdings out of 15

44.73%

Top 15 holdings

Data as of July 31, 2026

FHEQ

Apple, Inc.

8.52%

NVIDIA Corp.

8.07%

Microsoft Corp.

4.50%

Amazon.com, Inc.

3.82%

Alphabet, Inc.

3.40%

Broadcom Inc.

3.05%

Alphabet, Inc.

2.41%

Meta Platforms, Inc.

2.19%

JPMorgan Chase & Co.

2.04%

Berkshire Hathaway, Inc.

2.02%

Eli Lilly & Co.

1.71%

Micron Technology, Inc.

1.57%

Mastercard, Inc.

1.22%

Bank of America Corp.

1.19%

GE Aerospace

1.11%

TENM

Apple, Inc.

7.85%

NVIDIA Corp.

7.57%

Microsoft Corp.

5.37%

Amazon.com, Inc.

3.69%

Alphabet, Inc.

3.13%

Broadcom Inc.

2.94%

Alphabet, Inc.

2.53%

Meta Platforms, Inc.

1.90%

Micron Technology, Inc.

1.58%

JPMorgan Chase & Co.

1.51%

Berkshire Hathaway, Inc.

1.50%

Eli Lilly & Co.

1.46%

Tesla, Inc.

1.39%

Advanced Micro Devices, Inc.

1.27%

ExxonMobil Holdings Corp.

1.04%

Frequently asked questions about FHEQ and TENM

How have the FHEQ and TENM ETFs performed in 2026?

As of September 8, 2026, FHEQ is up 10.46% year-to-date (YTD), while TENM has returned 8.91%. That puts FHEQ better performer ahead so far this year.

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

Year-to-date, the FHEQ ETF saw +$136M in flows, compared to -$139M for TENM.

Which ETF is bigger: FHEQ or TENM?

As of September 8, 2026, FHEQ holds $976.09 M in assets under management (AUM), while TENM manages $46.48 M.

What sectors do the FHEQ and TENM ETFs invest in?

FHEQ leans toward sectors like Technology, Finance and Industrials. Meanwhile, TENM focuses on Technology, Finance and Healthcare.

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

FHEQ top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. TENM holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: FHEQ or TENM?

FHEQ holds 160 securities with 46.8% of its assets in the top 15. TENM has 504 securities and a top 15 weight of 44.73%.

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

February 10, 2026

FHEQ

FHEQvsTENMETF Comparison

Fidelity Hedged Equity ETF

iShares Large Cap 10% Target Buffer Mar ETF

FHEQ vs TENM 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 TENM ETFs performed in 2026?

As of September 8, 2026, FHEQ is up 10.46% year-to-date (YTD), while TENM has returned 8.91%. That puts FHEQ better performer ahead so far this year.

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

Year-to-date, the FHEQ ETF saw +$136M in flows, compared to -$139M for TENM.

Which ETF is bigger: FHEQ or TENM?

As of September 8, 2026, FHEQ holds $976.09 M in assets under management (AUM), while TENM manages $46.48 M.

What sectors do the FHEQ and TENM ETFs invest in?

FHEQ leans toward sectors like Technology, Finance and Industrials. Meanwhile, TENM focuses on Technology, Finance and Healthcare.

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

FHEQ top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. TENM holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: FHEQ or TENM?

FHEQ holds 160 securities with 46.8% of its assets in the top 15. TENM has 504 securities and a top 15 weight of 44.73%.

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

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