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HCMTvsFHEQETF Comparison

ETF 1

HCMT

Direxion HCM Tactical Enhanced US ETF

This fund is part of

Alternatives

+0.7%

Full HCMT fund page

VS

ETF 2

FHEQ

Fidelity Hedged Equity ETF

This fund is part of

Options Strategies

+0.79%

Full FHEQ fund page

Direxion HCM Tactical Enhanced US ETF (HCMT) belongs to the Alternatives segment. Fidelity Hedged Equity ETF (FHEQ) is part of the Options Strategies segment. HCMT's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, FHEQ's top sector exposures are Technology, Finance and Industrials. HCMT is more expensive with a Total Expense Ratio (TER) of 1.18%, versus 0.52% for FHEQ. HCMT is up 7.1% year-to-date (YTD) with -$22M in YTD flows. FHEQ performs better with 9.63% YTD performance, and +$145M in YTD flows. Run a side-by-side ETF comparison of HCMT and FHEQ 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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HCMT vs FHEQ 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 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HCMT FHEQ	-3.13%-1.81%	+0.94%+2.54%	+7.10%+9.63%	+14.05%+11.61%	+67.84%n/a	n/an/a
Flows	HCMT FHEQ	-$5M+$25M	-$11M+$67M	-$22M+$145M	-$16M+$381M	+$232M-	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HCMT FHEQ	+31.90%+9.12%	+28.67%+10.05%	+29.47%n/a	n/an/a
Max drawdown	HCMT FHEQ	-13.91%-3.09%	-15.61%-7.39%	-36.18%n/a	n/an/a
Max drawdown duration	HCMT FHEQ	52d35d	107d71d	246dn/a	n/an/a

Trading data

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	HCMT	FHEQ
Last sale 9/17/2026 at 1:30 PM	$41.17	$33.73
Previous close 09/17/2026	$39.90	$33.48
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/17/2026 at 1:30 PM

Live

Closed

	HCMT	FHEQ
Last price	$41.17	$33.73
1D performance	+3.17%	+0.76%
AuM	$595.11 M	$978.04 M
E/R	1.18%	0.52%

Characteristics

	HCMT	FHEQ
Management strategy	Active	Active
Provider	Direxion	Fidelity
Benchmark	-	-
N° of holdings	500	159
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	June 22, 2023	April 9, 2024
ESG	No	No

More HCMT data on Trackinsight

More FHEQ data on Trackinsight

Exposure

Countries

HCMT

USA

82.72%

Other

17.28%

FHEQ

USA

98.26%

Other

1.74%

Sectors

HCMT

Technology

37.93%

Finance

11.79%

Consumer Non-Cycl.

7.98%

Healthcare

7.54%

Other

34.76%

FHEQ

Technology

47.38%

Finance

14.61%

Industrials

10.37%

Healthcare

9.1%

Consumer Non-Cycl.

8.43%

Other

10.11%

Diversification

HCMT

Total weight of top 15 holdings out of 15

37.35%

FHEQ

Total weight of top 15 holdings out of 15

46.8%

Top 15 holdings

Data as of July 31, 2026

HCMT

NVIDIA Corp.

6.40%

Apple, Inc.

5.98%

Microsoft Corp.

4.55%

Amazon.com, Inc.

3.50%

Alphabet, Inc.

2.75%

Broadcom Inc.

2.43%

Alphabet, Inc.

2.22%

Meta Platforms, Inc.

1.61%

JPMorgan Chase & Co.

1.24%

Berkshire Hathaway, Inc.

1.23%

Micron Technology, Inc.

1.22%

Eli Lilly & Co.

1.20%

Tesla, Inc.

1.15%

Advanced Micro Devices, Inc.

1.02%

ExxonMobil Holdings Corp.

0.85%

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%

Frequently asked questions about HCMT and FHEQ

How have the HCMT and FHEQ ETFs performed in 2026?

As of September 17, 2026, HCMT is up 7.1% year-to-date (YTD), while FHEQ has returned 9.63%. That puts FHEQ better performer ahead so far this year.

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

Year-to-date, the HCMT ETF saw -$22M in flows, compared to +$145M for FHEQ.

Which ETF is more volatile: HCMT or FHEQ?

Over the past year, HCMT had a volatility of 28.67%, while FHEQ experienced 10.05%.

Which ETF is bigger: HCMT or FHEQ?

As of September 17, 2026, HCMT holds $595.11 M in assets under management (AUM), while FHEQ manages $978.04 M.

What sectors do the HCMT and FHEQ ETFs invest in?

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

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

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

Which ETF is more diversified: HCMT or FHEQ?

HCMT holds 503 securities with 37.35% of its assets in the top 15. FHEQ has 160 securities and a top 15 weight of 46.8%.

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

February 10, 2026

FHEQ

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

July 25, 2023

HCMT

HCMTvsFHEQETF Comparison

Direxion HCM Tactical Enhanced US ETF

Fidelity Hedged Equity ETF

HCMT vs FHEQ 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 HCMT and FHEQ ETFs performed in 2026?

As of September 17, 2026, HCMT is up 7.1% year-to-date (YTD), while FHEQ has returned 9.63%. That puts FHEQ better performer ahead so far this year.

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

Year-to-date, the HCMT ETF saw -$22M in flows, compared to +$145M for FHEQ.

Which ETF is more volatile: HCMT or FHEQ?

Over the past year, HCMT had a volatility of 28.67%, while FHEQ experienced 10.05%.

Which ETF is bigger: HCMT or FHEQ?

As of September 17, 2026, HCMT holds $595.11 M in assets under management (AUM), while FHEQ manages $978.04 M.

What sectors do the HCMT and FHEQ ETFs invest in?

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

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

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

Which ETF is more diversified: HCMT or FHEQ?

HCMT holds 503 securities with 37.35% of its assets in the top 15. FHEQ has 160 securities and a top 15 weight of 46.8%.

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

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

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