FHEQ vs EOI

Comparison between FIDELITY HEDGED EQUITY ETF (FHEQ, ETF) and Eaton Vance Enhanced Equity Income Fund (EOI, ETF).

FHEQ vs EOI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FHEQ(ETF)	EOI(ETF)
Net Assets	$884M	$879M
Expense Ratio	0.48%	N/A
Max Drawdown	11.49%	61.69%
Sharpe Ratio	1.33	0.04
5Y Beta	0.58	0.86
P/E Ratio	26.10	N/A
Forward P/E	20.27	N/A
PEG Ratio	0.24	N/A
5Y Dividends CAGR	N/A	10.05%
5Y EPS CAGR	29.17%	N/A
Debt to Equity	48.65%	N/A
P/S Ratio	3.70	N/A
P/B Ratio	5.51	N/A

Net Assets

Winner

FHEQ

$884M

EOI

$879M

Expense Ratio

FHEQ

0.48%

EOI

N/A

Max Drawdown

Winner

FHEQ

11.49%

EOI

61.69%

Sharpe Ratio

Winner

FHEQ

1.33

EOI

0.04

5Y Beta

Winner

FHEQ

0.58

EOI

0.86

P/E Ratio

FHEQ

26.10

EOI

N/A

Forward P/E

FHEQ

20.27

EOI

N/A

PEG Ratio

FHEQ

0.24

EOI

N/A

5Y Dividends CAGR

FHEQ

N/A

EOI

10.05%

5Y EPS CAGR

FHEQ

29.17%

EOI

N/A

Debt to Equity

FHEQ

48.65%

EOI

N/A

P/S Ratio

FHEQ

3.70

EOI

N/A

P/B Ratio

FHEQ

5.51

EOI

N/A

FHEQ vs EOI - Historical Returns

Returns include dividend reinvestment.

Period	FHEQ	EOI
1 month	+0.30%	-1.40%
3 months	+9.34%	+0.24%
6 months	+6.58%	+2.96%
1 year	+17.28%	+2.59%
5 years(CAGR)	N/A	+9.32%
10 years(CAGR)	N/A	+12.37%
Max(CAGR)	+14.30%	+8.68%

Winner

FHEQ

+0.30%

EOI

-1.40%

Winner

FHEQ

+9.34%

EOI

+0.24%

Winner

FHEQ

+6.58%

EOI

+2.96%

Winner

FHEQ

+17.28%

EOI

+2.59%

5Y(CAGR)

FHEQ

N/A

EOI

+9.32%

10Y(CAGR)

FHEQ

N/A

EOI

+12.37%

Max(CAGR)

Winner

FHEQ

+14.30%

EOI

+8.68%

FHEQ vs EOI - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	FHEQ	EOI
2026	+6.58%	-2.01%
2025	+13.41%	+7.28%
2024	+10.57%	+36.30%
2023	N/A	+19.94%
2022	N/A	-19.61%
2021	N/A	+35.97%
2020	N/A	+9.30%
2019	N/A	+31.48%
2018	N/A	-6.60%
2017	N/A	+26.22%
2016	N/A	+3.02%
2015	N/A	+5.52%
2014	N/A	+15.58%
2013	N/A	+30.03%
2012	N/A	+14.03%
2011	N/A	-11.60%
2010	N/A	-3.69%
2009	N/A	+30.19%
2008	N/A	-26.45%
2007	N/A	-3.69%
2006	N/A	+19.41%
2005	N/A	-0.80%
2004	N/A	+0.78%

FHEQ vs EOI Drawdown Comparison

The maximum drawdown for FHEQ was -11.12%, occurring on Apr 21, 2025. Recovery took 134 trading sessions.

The maximum drawdown for EOI was -53.72%, occurring on Mar 9, 2009. Recovery took 1428 trading sessions.

The current FHEQ drawdown is -2.49%. The current EOI drawdown is -4.78%.

Rank	FHEQ	EOI
#1	-11.12% Dec 6, 2024 - Jun 24, 2025	-53.72% Jul 3, 2007 - Mar 6, 2013
#2	-7.77% Feb 2, 2026 - Apr 17, 2026	-39.98% Feb 19, 2020 - Aug 17, 2020
#3	-5.40% Jul 16, 2024 - Aug 23, 2024	-27.99% Sep 20, 2018 - Sep 5, 2019
#4	-4.31% Oct 28, 2025 - Dec 11, 2025	-26.79% Dec 31, 2021 - Jan 26, 2024
#5	-4.09% Jun 2, 2026 - Jun 10, 2026	-23.18% Dec 4, 2024 - Jul 3, 2025
#6	-3.60% Aug 23, 2024 - Sep 19, 2024	-15.91% Dec 29, 2015 - May 31, 2016
#7	-3.13% Apr 11, 2024 - May 14, 2024	-13.33% Apr 24, 2015 - Dec 21, 2015
#8	-2.44% Oct 6, 2025 - Oct 24, 2025	-12.53% Jan 30, 2026 - Mar 27, 2026
#9	-2.30% Dec 24, 2025 - Feb 2, 2026	-12.06% Sep 18, 2014 - Nov 20, 2014
#10	-2.10% Oct 14, 2024 - Nov 6, 2024	-11.58% Aug 18, 2005 - Jul 20, 2006
#11	-2.03% Nov 11, 2024 - Dec 2, 2024	-11.19% Aug 26, 2020 - Nov 17, 2020
#12	-2.01% Dec 11, 2025 - Dec 24, 2025	-11.15% Jul 19, 2016 - Feb 3, 2017
#13	-1.84% Jul 25, 2025 - Aug 8, 2025	-11.03% Jul 11, 2024 - Sep 19, 2024
#14	-1.71% May 14, 2026 - May 26, 2026	-9.38% Jan 16, 2018 - Apr 18, 2018
#15	-1.40% Aug 28, 2025 - Sep 9, 2025	-8.69% Sep 12, 2025 - Jan 13, 2026

Correlation

Correlation between FHEQ and EOI is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2004 - 2026)

FHEQ vs EOI dividend yield comparison.

Year	FHEQ	EOI
2026	0.18%	3.44%
2025	0.63%	7.81%
2024	0.50%	7.38%
2023	0.00%	7.93%
2022	0.00%	8.80%
2021	0.00%	5.83%
2020	0.00%	6.66%
2019	0.00%	6.78%
2018	0.00%	8.01%
2017	0.00%	7.15%
2016	0.00%	8.36%
2015	0.00%	7.73%
2014	0.00%	7.52%
2013	0.00%	7.98%
2012	0.00%	9.83%
2011	0.00%	10.83%
2010	0.00%	10.86%
2009	0.00%	11.59%
2008	0.00%	12.56%
2007	0.00%	9.68%
2006	0.00%	7.84%
2005	0.00%	8.15%
2004	0.00%	0.68%