FHEQ vs FLBL

Comparison between FIDELITY HEDGED EQUITY ETF (FHEQ, ETF) and FRANKLIN SENIOR LOAN ETF (FLBL, ETF).

FHEQ vs FLBL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FHEQ(ETF)	FLBL(ETF)
Net Assets	$830M	$829M
Expense Ratio	0.48%	0.45%
Max Drawdown	11.49%	20.64%
Sharpe Ratio	1.43	-0.50
5Y Beta	0.58	0.12
P/E Ratio	26.59	N/A
Forward P/E	20.99	N/A
PEG Ratio	0.23	N/A
5Y Dividends CAGR	N/A	21.14%
5Y EPS CAGR	29.25%	N/A
Debt to Equity	49.05%	N/A
P/S Ratio	3.73	N/A
P/B Ratio	5.47	N/A

Net Assets

Winner

FHEQ

$830M

FLBL

$829M

Expense Ratio

FHEQ

0.48%

Winner

FLBL

0.45%

Max Drawdown

Winner

FHEQ

11.49%

FLBL

20.64%

Sharpe Ratio

Winner

FHEQ

1.43

FLBL

-0.50

5Y Beta

FHEQ

0.58

Winner

FLBL

0.12

P/E Ratio

FHEQ

26.59

FLBL

N/A

Forward P/E

FHEQ

20.99

FLBL

N/A

PEG Ratio

FHEQ

0.23

FLBL

N/A

5Y Dividends CAGR

FHEQ

N/A

FLBL

21.14%

5Y EPS CAGR

FHEQ

29.25%

FLBL

N/A

Debt to Equity

FHEQ

49.05%

FLBL

N/A

P/S Ratio

FHEQ

3.73

FLBL

N/A

P/B Ratio

FHEQ

5.47

FLBL

N/A

FHEQ vs FLBL - Historical Returns

Returns include dividend reinvestment.

Period	FHEQ	FLBL
1 month	+1.58%	+0.19%
3 months	+7.43%	+2.12%
6 months	+5.84%	+0.37%
1 year	+18.74%	+2.31%
5 years(CAGR)	N/A	+5.17%
10 years(CAGR)	N/A	+4.52%
Max(CAGR)	+14.37%	+4.52%

Winner

FHEQ

+1.58%

FLBL

+0.19%

Winner

FHEQ

+7.43%

FLBL

+2.12%

Winner

FHEQ

+5.84%

FLBL

+0.37%

Winner

FHEQ

+18.74%

FLBL

+2.31%

5Y(CAGR)

FHEQ

N/A

FLBL

+5.17%

10Y(CAGR)

FHEQ

N/A

FLBL

+4.52%

Max(CAGR)

Winner

FHEQ

+14.37%

FLBL

+4.52%

FHEQ vs FLBL - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	FHEQ	FLBL
2026	+6.45%	+0.69%
2025	+13.41%	+3.52%
2024	+10.57%	+8.34%
2023	N/A	+14.69%
2022	N/A	-2.69%
2021	N/A	+4.70%
2020	N/A	+2.04%
2019	N/A	+7.54%
2018	N/A	-1.63%

FHEQ vs FLBL Drawdown Comparison

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

The maximum drawdown for FLBL was -19.52%, occurring on Mar 23, 2020. Recovery took 204 trading sessions.

The current FHEQ drawdown is -2.61%. The current FLBL drawdown is -0.27%.

Rank	FHEQ	FLBL
#1	-11.12% Dec 6, 2024 - Jun 24, 2025	-19.52% Jan 22, 2020 - Nov 10, 2020
#2	-7.77% Feb 2, 2026 - Apr 17, 2026	-6.81% Jan 14, 2022 - Jan 20, 2023
#3	-5.40% Jul 16, 2024 - Aug 23, 2024	-3.91% Feb 18, 2025 - May 9, 2025
#4	-4.31% Oct 28, 2025 - Dec 11, 2025	-3.77% Nov 15, 2018 - Feb 19, 2019
#5	-3.60% Aug 23, 2024 - Sep 19, 2024	-3.18% Jan 23, 2026 - May 12, 2026
#6	-3.13% Apr 11, 2024 - May 14, 2024	-2.35% Feb 7, 2023 - Apr 5, 2023
#7	-2.61% Jun 2, 2026 - Jun 5, 2026	-2.14% Feb 26, 2021 - Jun 21, 2021
#8	-2.44% Oct 6, 2025 - Oct 24, 2025	-1.65% Sep 17, 2025 - Jan 23, 2026
#9	-2.30% Dec 24, 2025 - Feb 2, 2026	-1.36% Apr 13, 2023 - Jun 12, 2023
#10	-2.10% Oct 14, 2024 - Nov 6, 2024	-1.04% Nov 16, 2021 - Dec 30, 2021
#11	-2.03% Nov 11, 2024 - Dec 2, 2024	-1.00% Sep 18, 2023 - Oct 19, 2023
#12	-2.01% Dec 11, 2025 - Dec 24, 2025	-0.86% Jul 30, 2024 - Aug 15, 2024
#13	-1.84% Jul 25, 2025 - Aug 8, 2025	-0.80% Jun 21, 2021 - Aug 27, 2021
#14	-1.71% May 14, 2026 - May 26, 2026	-0.78% Feb 24, 2021 - Feb 26, 2021
#15	-1.40% Aug 28, 2025 - Sep 9, 2025	-0.72% Mar 21, 2019 - Apr 10, 2019