BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FHEQvsVVETF Comparison

ETF 1

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

-0.24%

Full FHEQ fund page

VS

ETF 2

VV

Vanguard Morningstar Large-Cap ETF

This fund is part of

US Large Cap

-0.54%

Full VV fund page

Fidelity Hedged Equity ETF (FHEQ) belongs to the Options Strategies segment. Vanguard Morningstar Large-Cap ETF (VV) is part of the US Large Cap segment. FHEQ's top 3 sector exposures are Technology, Finance and Industrials. In contrast, VV's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. FHEQ is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.03% for VV. FHEQ is up 10.46% year-to-date (YTD) with +$136M in YTD flows. VV performs better with 12.8% YTD performance, and +$1.16B in YTD flows. Run a side-by-side ETF comparison of FHEQ and VV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FHEQ vs VV performance and flow charts

Performance

Cumulative Flows

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

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 VV	-1.26%-0.88%	+3.49%+3.94%	+10.46%+12.80%	+14.02%+19.15%	n/a+79.69%	n/a+79.13%
Flows	FHEQ VV	+$20M+$227M	+$85M+$477M	+$136M+$1.16B	+$374M+$1.16B	-+$3.84B	-+$6.77B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FHEQ VV	+10.23%+12.81%	+9.99%+12.94%	n/a+15.10%	n/a+17.31%
Max drawdown	FHEQ VV	-2.31%-3.51%	-7.39%-9.19%	n/a-19.01%	n/a-25.64%
Max drawdown duration	FHEQ VV	23d19d	71d92d	n/a126d	n/a715d

Trading data

Create an account to view trading data

Join for free

	FHEQ	VV
Last sale 9/8/2026 at 7:59 PM	$33.99	$351.04
Previous close 09/08/2026	$34.20	$353.08
Consolidated volume 09/08/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

FHEQ

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 9/8/2026 at 7:59 PM

Live

Closed

	FHEQ	VV
Last price	$33.99	$351.04
1D performance	-0.61%	-0.58%
AuM	$976.09 M	$54.26 B
E/R	0.52%	0.03%

Characteristics

	FHEQ	VV
Management strategy	Active	Passive
Provider	Fidelity	Vanguard
Benchmark	-	CRSP U.S. Large Cap Index
N° of holdings	159	428
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 9, 2024	January 27, 2004
ESG	No	No

More FHEQ data on Trackinsight

More VV data on Trackinsight

Exposure

Countries

FHEQ

USA

98.26%

Other

1.74%

VV

USA

97.22%

Other

2.78%

Sectors

FHEQ

Technology

47.38%

Finance

14.61%

Industrials

10.37%

Healthcare

9.1%

Consumer Non-Cycl.

8.43%

Other

10.11%

VV

Technology

45.1%

Finance

13.69%

Consumer Non-Cycl.

9.35%

Healthcare

8.9%

Industrials

7.91%

Other

15.05%

Diversification

FHEQ

Total weight of top 15 holdings out of 15

46.8%

VV

Total weight of top 15 holdings out of 15

44.42%

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%

VV

NVIDIA Corp.

7.30%

Apple, Inc.

7.17%

Microsoft Corp.

5.46%

Amazon.com, Inc.

4.16%

Alphabet, Inc.

3.30%

Broadcom Inc.

2.91%

Alphabet, Inc.

2.63%

Meta Platforms, Inc.

1.93%

Eli Lilly & Co.

1.54%

JPMorgan Chase & Co.

1.49%

Micron Technology, Inc.

1.47%

Berkshire Hathaway, Inc.

1.43%

Tesla, Inc.

1.39%

Advanced Micro Devices, Inc.

1.23%

ExxonMobil Holdings Corp.

1.02%

Frequently asked questions about FHEQ and VV

How have the FHEQ and VV ETFs performed in 2026?

As of September 8, 2026, FHEQ is up 10.46% year-to-date (YTD), while VV has returned 12.8%. That puts VV better performer ahead so far this year.

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

Year-to-date, the FHEQ ETF saw +$136M in flows, compared to +$1.16B for VV.

Which ETF is more volatile: FHEQ or VV?

Over the past year, FHEQ had a volatility of 9.99%, while VV experienced 12.94%.

Which ETF is bigger: FHEQ or VV?

As of September 8, 2026, FHEQ holds $976.09 M in assets under management (AUM), while VV manages $54.26 B.

What sectors do the FHEQ and VV ETFs invest in?

FHEQ leans toward sectors like Technology, Finance and Industrials. Meanwhile, VV focuses on Technology, Finance and Consumer Non-Cyclicals.

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

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

Which ETF is more diversified: FHEQ or VV?

FHEQ holds 160 securities with 46.8% of its assets in the top 15. VV has 433 securities and a top 15 weight of 44.42%.

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

February 10, 2026

FHEQ

FHEQvsVVETF Comparison

Fidelity Hedged Equity ETF

Vanguard Morningstar Large-Cap ETF

FHEQ vs VV 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 VV ETFs performed in 2026?

As of September 8, 2026, FHEQ is up 10.46% year-to-date (YTD), while VV has returned 12.8%. That puts VV better performer ahead so far this year.

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

Year-to-date, the FHEQ ETF saw +$136M in flows, compared to +$1.16B for VV.

Which ETF is more volatile: FHEQ or VV?

Over the past year, FHEQ had a volatility of 9.99%, while VV experienced 12.94%.

Which ETF is bigger: FHEQ or VV?

As of September 8, 2026, FHEQ holds $976.09 M in assets under management (AUM), while VV manages $54.26 B.

What sectors do the FHEQ and VV ETFs invest in?

FHEQ leans toward sectors like Technology, Finance and Industrials. Meanwhile, VV focuses on Technology, Finance and Consumer Non-Cyclicals.

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

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

Which ETF is more diversified: FHEQ or VV?

FHEQ holds 160 securities with 46.8% of its assets in the top 15. VV has 433 securities and a top 15 weight of 44.42%.

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

Expert-Built ETF Portfolios, All in One Place