See what your fund actually adds
Fidelity Hedged Equity ETF FHEQ
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FHEQ | Replication |
|---|---|---|
| Annualized growth | 14.4% | 14.4% |
| Annualized volatility | 10.7% | 10.9% |
| Sharpe ratio | 1.31 | 1.30 |
| Maximum drawdown | 10.4% | 12.6% |
| Replication fit (R²) | 0.88 · Tracking error 3.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model FHEQ’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| VOO | US Large Cap | 33.5% |
| WTMF | Alternatives · Mgt Futures | 23.0% |
| VUG | Style · Growth | 18.6% |
| PFF | FI · Preferred | 13.8% |
| USMV | Factor · Min Vol | 11.1% |