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FHEQvsWAMAETF Comparison

ETF 1

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

-0.06%

Full FHEQ fund page

VS

ETF 2

WAMA

WisdomTree US Adaptive Moving Average Fund

This fund is part of

Multi-Asset: Other

-0.08%

Full WAMA fund page

Fidelity Hedged Equity ETF (FHEQ) belongs to the Options Strategies segment. WisdomTree US Adaptive Moving Average Fund (WAMA) is part of the Multi-Asset: Other segment. FHEQ's top 3 sector exposures are Technology, Finance and Industrials. In contrast, WAMA'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 0.32% for WAMA. Run a side-by-side ETF comparison of FHEQ and WAMA 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 WAMA 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 09/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FHEQ WAMA	-0.39%-0.06%	+1.81%+1.98%	+11.13%n/a	+14.67%n/a	n/an/a	n/an/a
Flows	FHEQ WAMA	+$32M-$2M	+$86M-$56K	+$136M-	+$374M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FHEQ WAMA	+11.08%+13.56%	+9.96%n/a	n/an/a	n/an/a
Max drawdown	FHEQ WAMA	-3.88%-4.23%	-7.39%n/a	n/an/a	n/an/a
Max drawdown duration	FHEQ WAMA	57d57d	71dn/a	n/an/a	n/an/a

Trading data

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	FHEQ	WAMA
Last sale 9/4/2026 at 1:30 PM	$34.20	$27.05
Previous close 09/04/2026	$34.29	$27.16
Consolidated volume 09/04/2026
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

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FHEQ

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 9/4/2026 at 1:30 PM

Live

Closed

	FHEQ	WAMA
Last price	$34.20	$27.05
1D performance	-0.26%	-0.41%
AuM	$981.98 M	$192.51 M
E/R	0.52%	0.32%

Characteristics

	FHEQ	WAMA
Management strategy	Active	Passive
Provider	Fidelity	WisdomTree
Benchmark	-	WisdomTree U.S. Adaptive Moving Average Index
N° of holdings	159	505
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 9, 2024	March 12, 2026
ESG	No	No

More FHEQ data on Trackinsight

More WAMA data on Trackinsight

Exposure

Countries

FHEQ

USA

98.26%

Other

1.74%

WAMA

USA

98.85%

Other

1.15%

Sectors

FHEQ

Technology

47.38%

Finance

14.61%

Industrials

10.37%

Healthcare

9.1%

Consumer Non-Cycl.

8.43%

Other

10.11%

WAMA

Technology

45.27%

Finance

14.2%

Consumer Non-Cycl.

9.66%

Healthcare

8.85%

Industrials

7.23%

Other

14.8%

Diversification

FHEQ

Total weight of top 15 holdings out of 15

46.8%

WAMA

Total weight of top 15 holdings out of 15

46.16%

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%

WAMA

Apple, Inc.

7.73%

NVIDIA Corp.

7.43%

Alphabet, Inc.

6.17%

Microsoft Corp.

5.11%

Amazon.com, Inc.

3.70%

Broadcom Inc.

2.62%

Meta Platforms, Inc.

2.03%

Eli Lilly & Co.

1.73%

Berkshire Hathaway, Inc.

1.67%

JPMorgan Chase & Co.

1.46%

Micron Technology, Inc.

1.45%

Tesla, Inc.

1.39%

Walmart, Inc.

1.33%

Advanced Micro Devices, Inc.

1.23%

Visa, Inc.

1.11%

Frequently asked questions about FHEQ and WAMA

Which ETF is bigger: FHEQ or WAMA?

As of September 4, 2026, FHEQ holds $981.98 M in assets under management (AUM), while WAMA manages $192.51 M.

What sectors do the FHEQ and WAMA ETFs invest in?

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

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

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

Which ETF is more diversified: FHEQ or WAMA?

FHEQ holds 160 securities with 46.8% of its assets in the top 15. WAMA has 505 securities and a top 15 weight of 46.16%.

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

February 10, 2026

FHEQ

FHEQvsWAMAETF Comparison

Fidelity Hedged Equity ETF

WisdomTree US Adaptive Moving Average Fund

FHEQ vs WAMA 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

Which ETF is bigger: FHEQ or WAMA?

As of September 4, 2026, FHEQ holds $981.98 M in assets under management (AUM), while WAMA manages $192.51 M.

What sectors do the FHEQ and WAMA ETFs invest in?

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

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

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

Which ETF is more diversified: FHEQ or WAMA?

FHEQ holds 160 securities with 46.8% of its assets in the top 15. WAMA has 505 securities and a top 15 weight of 46.16%.

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

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