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Fidelity Hedged Equity ETF seeks capital appreciation. The fund invests at least 80% of assets in equity securities. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500 Index. Employing a disciplined options-based strategy designed to provide downside protection in certain market conditions (i.e., offset or mitigate a decrease in the value of the fund's investments). The extent of this protection will be determined primarily based on the cost of the put options in the marketplace. Managing the options positions in a way that provides diversification of options strike prices and expirations. Investing in domestic and foreign issuers.
Fidelity Hedged Equity ETF trades on the BATS stock market under the symbol FHEQ.
As of July 28, 2026, FHEQ stock price climbed to $33.14 with 32,907 million shares trading.
FHEQ has a beta of 0.81, meaning it tends to be less sensitive to market movements. FHEQ has a correlation of 0.94 to the broad based SPY ETF.
FHEQ has a market cap of $917.98 million. This is considered a Small Cap stock.
FHEQ has underperformed the market in the last year with a return of +13.7%, while SPY returned +17.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FHEQ shares. However, FHEQ has outperformed the market in the last 3 month and 2 week periods, returning +4.1% and -0.4%, while SPY returned +3.9% and -1.0%, respectively. This indicates FHEQ has been having a stronger performance recently.
FHEQ support price is $32.76 and resistance is $33.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FHEQ shares will trade within this expected range on the day.