Fidelity Hedged Equity ETF
FHEQ - ETF AI Analysis
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Fidelity Hedged Equity ETF (FHEQ)
FHEQ, the Fidelity Hedged Equity ETF, earns a solid overall rating largely because it is anchored by high-quality tech leaders like Apple, Microsoft, and Alphabet, which show strong financial performance and promising growth in areas such as cloud, AI, and services. However, some holdings like Berkshire Hathaway and Eli Lilly introduce risks through bearish momentum, leverage, or cash flow challenges, and the fund is notably concentrated in large technology and AI-focused companies, which can increase volatility if that sector faces a downturn.
FHEQ vs. SPDR S&P 500 ETF (SPY)
- AUM
- 992.54M
- Region
- Global
- Expense Ratio
- 0.48%
- Beta
- 0.70
- Issuer
- Fidelity
- Inception Date
- Apr 09, 2024
- Dividend Yield
- 0.60%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
FHEQ Summary
Fidelity Hedged Equity ETF (FHEQ) is a U.S.-focused fund that invests mainly in large, well-established companies and uses a built-in hedge to help soften market ups and downs. It doesn’t track a specific index, but follows a large-cap equity theme across many sectors, with a big tilt toward technology, financials, and health care. Top holdings include familiar names like Apple and Microsoft, along with Amazon and Alphabet (Google). Someone might invest in FHEQ for long-term growth and broad diversification, with some downside protection. A key risk is that it still holds stocks, so its value can go up and down with the overall market.
How much will it cost me?
This ETF has an expense ratio of 0.48%, which means you’ll pay about $4.80 per year for every $1,000 you invest. That’s higher than the average low-cost index ETF because it uses an active, hedged strategy to manage risk rather than simply tracking a basic market index.
What would affect this ETF?
This ETF is heavily invested in large global technology and communication companies like Nvidia, Apple, and Microsoft, so continued innovation, strong earnings, and a healthy economy could support future growth, while its hedged strategy may help soften the impact of market swings. On the downside, rising interest rates, tighter regulations on big tech or global trade, and a broad stock market downturn could hurt these major holdings, and the hedge may not fully protect against sharp or prolonged declines.
FHEQ Top 10 Holdings
FHEQ leans heavily on Big Tech, with Apple and Microsoft doing much of the heavy lifting as their shares keep rising on the back of strong demand for services and cloud. Nvidia, another key holding, has cooled off recently, so its AI story isn’t translating into near-term gains. Alphabet’s twin share classes and Meta are more of a mixed bag, lately lagging and acting as a brake on performance. Eli Lilly adds a powerful health care growth engine, while Berkshire Hathaway provides a steadier ballast. Overall, it’s a globally focused, tech-driven portfolio with a few defensive anchors.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 AAPL | Apple | 7.82% | $76.85M | $5.06T | 29.35% | 79Outperform |
 NVDA | Nvidia | 6.84% | $67.25M | $4.07T | -15.15% | 76Outperform |
 MSFT | Microsoft | 5.64% | $55.48M | $3.96T | 5.37% | 79Outperform |
 AMZN | Amazon | 4.11% | $40.35M | $2.93T | 9.05% | 71Outperform |
 GOOGL | Alphabet Class A | 2.52% | $24.73M | $3.50T | -0.94% | 85Outperform |
 AVGO | Broadcom | 2.32% | $22.83M | $1.58T | -7.37% | 76Outperform |
 BRK.B | Berkshire Hathaway B | 2.13% | $20.97M | $1.25T | 17.38% | 66Neutral |
 META | Meta Platforms | 2.03% | $19.99M | $1.64T | 1.52% | 76Outperform |
 LLY | Eli Lilly & Co | 2.01% | $19.78M | $1.35T | 48.17% | 72Outperform |
 GOOG | Alphabet Class C | 1.87% | $18.42M | $3.50T | -1.95% | 82Outperform |
FHEQ Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FHEQ, the sentiment is Negative. The current price of 32.80 is below the 20-day moving average (MA) of 33.33, below the 50-day MA of 33.64, and above the 200-day MA of 32.45, indicating a neutral trend. The MACD of -0.26 indicates Positive momentum. The RSI at 38.16 is Neutral, neither overbought nor oversold. The STOCH value of 20.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FHEQ.
FHEQ Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| FHEQ | $32.80 | $37.00(12.80% Upside) | $992.54M | 0.48% | 72Outperform |
 AQEC | $25.95 | $31.07(19.71% Upside) | $606.82M | 0.49% | 72Outperform |
 ACIN | $40.72 | $48.92(20.14% Upside) | $559.49M | 0.52% | 65Neutral |
 BBHL | $17.67 | $20.80(17.69% Upside) | $531.57M | 0.71% | 70Outperform |
 TEQI | $53.76 | $60.80(13.10% Upside) | $479.52M | 0.54% | 69Neutral |
 FYEE | $29.37 | $36.29(23.58% Upside) | $344.28M | 0.28% | 72Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FHEQ | Fidelity Hedged Equity ETF | 32.80 | 1.72 | 5.55% | |
| AQEC | AQE Core ETF | 25.95 | 1.27 | 5.14% | |
| ACIN | Hartford Alpha Capture International Equity ETF | 40.72 | 0.63 | 1.57% | |
| BBHL | BBH Select Large Cap ETF | 17.67 | 1.98 | 12.60% | |
| TEQI | T. Rowe Price Equity Income ETF | 53.76 | 10.25 | 23.57% | |
| FYEE | Fidelity Yield Enhanced Equity ETF | 29.37 | 3.13 | 11.92% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.