See what your fund actually adds

Fidelity Advisor Hedged Equity Fund - Class A FEQAX

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

FEQAX compared with its replication portfolio
MeasureFEQAXReplication
Annualized growth13.3%16.2%
Annualized volatility10.9%11.4%
Sharpe ratio1.201.38
Maximum drawdown9.9%12.6%
Replication fit (R²)0.93 · Tracking error 2.8%

Replication portfolio

The published portfolio below is the investable basket used to model FEQAX’s historical return behavior.

FEQAX replication basket weights
TickerBuilding blockWeight
VOOUS Large Cap34.7%
VUGStyle · Growth25.1%
WTMFAlternatives · Mgt Futures17.3%
SPHYFI · High Yield12.1%
EMLCFI · EM Local Currency10.8%