FHEQ vs GSG
Comparison between FIDELITY HEDGED EQUITY ETF (FHEQ, ETF) and iShares S&P GSCI Commodity-Indexed Trust (GSG, ETF).
FHEQ vs GSG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FHEQ
$929M
GSG
$928M
Expense Ratio
Winner
FHEQ
0.48%
GSG
0.75%
Max Drawdown
Winner
FHEQ
11.49%
GSG
89.62%
Sharpe Ratio
FHEQ
1.13
Winner
GSG
1.66
5Y Beta
FHEQ
0.59
Winner
GSG
0.07
P/E Ratio
FHEQ
24.81
GSG
N/A
Forward P/E
FHEQ
20.05
GSG
N/A
PEG Ratio
FHEQ
0.18
GSG
N/A
5Y EPS CAGR
FHEQ
33.39%
GSG
N/A
Debt to Equity
FHEQ
42.82%
GSG
N/A
P/S Ratio
FHEQ
4.21
GSG
N/A
P/B Ratio
FHEQ
5.90
GSG
N/A
FHEQ vs GSG - Historical Returns
Returns include dividend reinvestment.
1M
FHEQ
+1.70%
Winner
GSG
+5.29%
3M
Winner
FHEQ
+2.91%
GSG
+1.32%
6M
FHEQ
+10.48%
Winner
GSG
+32.37%
1Y
FHEQ
+16.43%
Winner
GSG
+50.76%
5Y(CAGR)
FHEQ
N/A
GSG
+17.85%
10Y(CAGR)
FHEQ
N/A
GSG
+8.57%
Max(CAGR)
Winner
FHEQ
+14.67%
GSG
-1.85%
FHEQ vs GSG - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FHEQ | GSG |
|---|---|---|
| 2026 | +10.19% | +46.77% |
| 2025 | +13.41% | +4.87% |
| 2024 | +10.57% | +9.67% |
| 2023 | N/A | -2.53% |
| 2022 | N/A | +23.57% |
| 2021 | N/A | +39.79% |
| 2020 | N/A | -24.31% |
| 2019 | N/A | +15.05% |
| 2018 | N/A | -14.36% |
| 2017 | N/A | +5.58% |
| 2016 | N/A | +10.98% |
| 2015 | N/A | -32.94% |
| 2014 | N/A | -31.19% |
| 2013 | N/A | -2.13% |
| 2012 | N/A | -4.01% |
| 2011 | N/A | -3.96% |
| 2010 | N/A | +4.28% |
| 2009 | N/A | +7.46% |
| 2008 | N/A | -47.66% |
| 2007 | N/A | +37.34% |
| 2006 | N/A | -18.64% |
FHEQ vs GSG Drawdown Comparison
The maximum drawdown for FHEQ was -11.12%, occurring on Apr 21, 2025. Recovery took 134 trading sessions.
The maximum drawdown for GSG was -89.62%, occurring on Apr 28, 2020. This drawdown has not yet recovered.
The current FHEQ drawdown is -1.76%. The current GSG drawdown is -55.67%.
| Rank | FHEQ | GSG |
|---|---|---|
| #1 | -11.12% Dec 6, 2024 - Jun 24, 2025 | -89.62% Jul 2, 2008 - Apr 28, 2020 |
| #2 | -7.77% Feb 2, 2026 - Apr 17, 2026 | -30.43% Aug 2, 2006 - Nov 2, 2007 |
| #3 | -5.40% Jul 16, 2024 - Aug 23, 2024 | -9.48% Mar 13, 2008 - Apr 15, 2008 |
| #4 | -4.31% Oct 28, 2025 - Dec 11, 2025 | -8.78% Jan 2, 2008 - Feb 14, 2008 |
| #5 | -4.09% Jun 2, 2026 - Aug 3, 2026 | -7.74% Nov 20, 2007 - Dec 26, 2007 |
| #6 | -3.60% Aug 23, 2024 - Sep 19, 2024 | -6.56% May 21, 2008 - Jun 6, 2008 |
| #7 | -3.13% Apr 11, 2024 - May 14, 2024 | -5.02% Apr 28, 2008 - May 5, 2008 |
| #8 | -2.44% Oct 6, 2025 - Oct 24, 2025 | -4.51% Nov 2, 2007 - Nov 20, 2007 |
| #9 | -2.30% Dec 24, 2025 - Feb 2, 2026 | -3.32% Jun 6, 2008 - Jun 12, 2008 |
| #10 | -2.11% Aug 13, 2026 - Aug 20, 2026 | -2.65% Jun 18, 2008 - Jun 26, 2008 |
| #11 | -2.10% Oct 14, 2024 - Nov 6, 2024 | -2.40% Mar 3, 2008 - Mar 5, 2008 |
| #12 | -2.03% Nov 11, 2024 - Dec 2, 2024 | -2.21% Apr 22, 2008 - Apr 28, 2008 |
| #13 | -2.01% Dec 11, 2025 - Dec 24, 2025 | -1.71% Feb 26, 2008 - Feb 28, 2008 |
| #14 | -1.84% Jul 25, 2025 - Aug 8, 2025 | -1.27% Feb 28, 2008 - Mar 3, 2008 |
| #15 | -1.71% May 14, 2026 - May 26, 2026 | -1.21% Jun 12, 2008 - Jun 18, 2008 |
Correlation
Correlation between FHEQ and GSG is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
0.76
-101
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