FHEQ vs FTQI
Comparison between FIDELITY HEDGED EQUITY ETF (FHEQ, ETF) and FIRST TRUST NASDAQ BUYWRITE INCOME ETF (FTQI, ETF).
FHEQ vs FTQI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FHEQ
$884M
FTQI
$878M
Expense Ratio
Winner
FHEQ
0.48%
FTQI
0.75%
Max Drawdown
Winner
FHEQ
11.49%
FTQI
28.81%
Sharpe Ratio
FHEQ
1.33
Winner
FTQI
2.01
5Y Beta
Winner
FHEQ
0.58
FTQI
0.87
P/E Ratio
Winner
FHEQ
26.10
FTQI
34.81
Forward P/E
Winner
FHEQ
20.27
FTQI
23.84
PEG Ratio
FHEQ
0.24
Winner
FTQI
0.22
5Y Dividends CAGR
FHEQ
N/A
FTQI
29.41%
5Y EPS CAGR
Winner
FHEQ
29.17%
FTQI
24.19%
Debt to Equity
FHEQ
48.65%
FTQI
N/A
P/S Ratio
Winner
FHEQ
3.70
FTQI
4.06
P/B Ratio
Winner
FHEQ
5.51
FTQI
7.29
FHEQ vs FTQI - Holdings Comparison
FHEQ and FTQI have 58 common holdings. Overlap is 42.60%
FHEQ's top 25 holdings weight is 57.38%. FTQI's top 25 holdings weight is 68.92%.
| Rank | FHEQ | FTQI |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.62% | APPLE INC (AAPL) - 8.54% |
| #2 | APPLE INC (AAPL) - 7.46% | NVIDIA CORP (NVDA) - 6.06% |
| #3 | MICROSOFT CORP (MSFT) - 4.91% | DREYFUS GOVT CM INST 289 (n/a) - 5.60% |
| #4 | AMAZON.COM INC (AMZN) - 4.03% | ADVANCED MICRO DEVICES INC (AMD) - 5.46% |
| #5 | BROADCOM INC (AVGO) - 3.78% | AMAZON.COM INC (AMZN) - 4.21% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 3.43% | CISCO SYSTEMS INC (CSCO) - 3.62% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.55% | TESLA INC (TSLA) - 3.42% |
| #8 | MICRON TECHNOLOGY INC (MU) - 2.21% | MICRON TECHNOLOGY INC (MU) - 3.08% |
| #9 | META PLATFORMS INC CLASS A (META) - 2.14% | COSTCO WHOLESALE CORP (COST) - 3.05% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.78% | BROADCOM INC (AVGO) - 2.60% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.53% | META PLATFORMS INC CLASS A (META) - 2.39% |
| #12 | ELI LILLY AND CO (LLY) - 1.50% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 2.25% |
| #13 | FIDELITY CASH CENTRAL FUND (n/a) - 1.46% | ALPHABET INC CLASS A (GOOGL) - 2.19% |
| #14 | TESLA INC (TSLA) - 1.28% | ALPHABET INC CLASS C (GOOG) - 2.19% |
| #15 | CISCO SYSTEMS INC (CSCO) - 1.28% | NETFLIX INC (NFLX) - 2.14% |
| #16 | EXXON MOBIL CORP (XOM) - 1.14% | n/a (PLTR) - 1.78% |
| #17 | LAM RESEARCH CORP (LRCX) - 1.12% | LAM RESEARCH CORP (LRCX) - 1.41% |
| #18 | MASTERCARD INC CLASS A (MA) - 1.02% | APPLIED MATERIALS INC (AMAT) - 1.27% |
| #19 | GE AEROSPACE (GE) - 1.02% | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.27% |
| #20 | ABBVIE INC (ABBV) - 0.98% | T-MOBILE US INC (TMUS) - 1.18% |
| #21 | MORGAN STANLEY (MS) - 0.91% | INTEL CORP (INTC) - 1.18% |
| #22 | AMPHENOL CORP CLASS A (APH) - 0.84% | ABBVIE INC (ABBV) - 1.09% |
| #23 | INTEL CORP (INTC) - 0.83% | WALMART INC (WMT) - 1.02% |
| #24 | LINDE PLC (LIN) - 0.81% | PEPSICO INC (PEP) - 1.01% |
| #25 | FORTINET INC (FTNT) - 0.75% | TEXAS INSTRUMENTS INC (TXN) - 0.91% |
| Total Holdings | 168 | 211 |
FHEQ vs FTQI - Historical Returns
Returns include dividend reinvestment.
1M
FHEQ
+0.30%
Winner
FTQI
+2.65%
3M
FHEQ
+9.34%
Winner
FTQI
+11.71%
6M
FHEQ
+6.58%
Winner
FTQI
+11.32%
1Y
FHEQ
+17.28%
Winner
FTQI
+27.89%
5Y(CAGR)
FHEQ
N/A
FTQI
+10.84%
10Y(CAGR)
FHEQ
N/A
FTQI
+7.85%
Max(CAGR)
Winner
FHEQ
+14.30%
FTQI
+6.96%
FHEQ vs FTQI - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | FHEQ | FTQI |
|---|---|---|
| 2026 | +6.58% | +10.63% |
| 2025 | +13.41% | +12.80% |
| 2024 | +10.57% | +18.63% |
| 2023 | N/A | +24.44% |
| 2022 | N/A | -9.57% |
| 2021 | N/A | +9.88% |
| 2020 | N/A | -6.85% |
| 2019 | N/A | +14.43% |
| 2018 | N/A | -9.93% |
| 2017 | N/A | +12.46% |
| 2016 | N/A | +11.57% |
| 2015 | N/A | +0.80% |
| 2014 | N/A | +5.14% |
FHEQ vs FTQI Drawdown Comparison
The maximum drawdown for FHEQ was -11.12%, occurring on Apr 21, 2025. Recovery took 134 trading sessions.
The maximum drawdown for FTQI was -19.41%, occurring on Apr 8, 2025. Recovery took 119 trading sessions.
The current FHEQ drawdown is -2.49%. The current FTQI drawdown is -0.36%.
| Rank | FHEQ | FTQI |
|---|---|---|
| #1 | -11.12% Dec 6, 2024 - Jun 24, 2025 | -19.41% Feb 14, 2025 - Aug 7, 2025 |
| #2 | -7.77% Feb 2, 2026 - Apr 17, 2026 | -18.58% Apr 20, 2022 - Jul 12, 2023 |
| #3 | -5.40% Jul 16, 2024 - Aug 23, 2024 | -15.51% Jan 17, 2020 - May 18, 2021 |
| #4 | -4.31% Oct 28, 2025 - Dec 11, 2025 | -15.19% Jan 23, 2018 - Dec 20, 2019 |
| #5 | -4.09% Jun 2, 2026 - Jun 10, 2026 | -13.45% Dec 8, 2015 - Jul 15, 2016 |
| #6 | -3.60% Aug 23, 2024 - Sep 19, 2024 | -10.57% Sep 22, 2014 - May 18, 2015 |
| #7 | -3.13% Apr 11, 2024 - May 14, 2024 | -10.08% Jul 21, 2015 - Dec 8, 2015 |
| #8 | -2.44% Oct 6, 2025 - Oct 24, 2025 | -8.52% Jul 16, 2024 - Sep 19, 2024 |
| #9 | -2.30% Dec 24, 2025 - Feb 2, 2026 | -6.82% Jul 15, 2016 - Nov 21, 2016 |
| #10 | -2.10% Oct 14, 2024 - Nov 6, 2024 | -6.56% Jun 8, 2021 - Oct 19, 2021 |
| #11 | -2.03% Nov 11, 2024 - Dec 2, 2024 | -6.22% Jan 28, 2026 - Apr 8, 2026 |
| #12 | -2.01% Dec 11, 2025 - Dec 24, 2025 | -5.82% Jul 31, 2023 - Nov 10, 2023 |
| #13 | -1.84% Jul 25, 2025 - Aug 8, 2025 | -5.57% Jan 14, 2022 - Mar 17, 2022 |
| #14 | -1.71% May 14, 2026 - May 26, 2026 | -5.37% Nov 15, 2021 - Jan 11, 2022 |
| #15 | -1.40% Aug 28, 2025 - Sep 9, 2025 | -4.58% Jan 16, 2014 - Mar 31, 2014 |
Correlation
Correlation between FHEQ and FTQI is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2014 - 2026)
FHEQ vs FTQI dividend yield comparison.
| Year | FHEQ | FTQI |
|---|---|---|
| 2026 | 0.18% | 4.65% |
| 2025 | 0.63% | 11.46% |
| 2024 | 0.50% | 11.66% |
| 2023 | 0.00% | 11.49% |
| 2022 | 0.00% | 9.85% |
| 2021 | 0.00% | 3.05% |
| 2020 | 0.00% | 3.27% |
| 2019 | 0.00% | 2.95% |
| 2018 | 0.00% | 3.27% |
| 2017 | 0.00% | 2.74% |
| 2016 | 0.00% | 3.02% |
| 2015 | 0.00% | 3.54% |
| 2014 | 0.00% | 3.30% |
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