FHEQ vs IVV
FHEQ vs IVV
Fidelity Hedged Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FHEQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.03% | |
| AUM | $897M | $865.2B | |
| Dividend Yield | 0.55% | 1.09% | |
| Holdings | 172 | 508 | |
| YTD Return | +10.77% | +13.31% | |
| 1Y Return | +18.26% | +24.00% | |
| 3Y Return (annualized) | - | +21.16% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 9.7% | 15.1% | |
| Max Drawdown | -11.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | May 15, 2000 |
FHEQ vs IVV Performance
Fidelity Hedged Equity ETF (FHEQ) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FHEQ returned +18.26% while IVV returned +24.00%. Year to date, FHEQ is up 10.77% versus a gain of 13.31% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.7% for FHEQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.1% for FHEQ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FHEQ charges 0.48% per year while IVV charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, FHEQ currently yields 0.55% against 1.09% for IVV.
Holdings Overlap
FHEQ and IVV share 96 holdings out of 577 unique holdings combined, representing a 60.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FHEQ | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.84% | 7.76% | 0.08% |
| AAPL | 6.94% | 7.44% | 0.50% |
| MSFT | 4.11% | 4.57% | 0.46% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings FHEQ shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FHEQ or IVV?
FHEQ has an expense ratio of 0.48% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, FHEQ or IVV?
Over the past year FHEQ returned +18.26% vs +24.00% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), FHEQ annualized +15.16% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FHEQ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for FHEQ. Worst drawdown: FHEQ -11.1% vs IVV -56.5%.
Should I hold both FHEQ and IVV?
FHEQ and IVV have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FHEQ and IVV?
FHEQ and IVV share 96 common holdings with a 60.7% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, FHEQ or IVV?
FHEQ yields 0.55% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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