FHEQ vs SPHB
Comparison between FIDELITY HEDGED EQUITY ETF (FHEQ, ETF) and INVESCO S&P 500 HIGH BETA ETF (SPHB, ETF).
FHEQ vs SPHB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FHEQ
$830M
Winner
SPHB
$831M
Expense Ratio
FHEQ
0.48%
Winner
SPHB
0.25%
Max Drawdown
Winner
FHEQ
11.49%
SPHB
47.78%
Sharpe Ratio
FHEQ
1.43
Winner
SPHB
1.99
5Y Beta
Winner
FHEQ
0.58
SPHB
1.51
P/E Ratio
Winner
FHEQ
26.59
SPHB
38.52
Forward P/E
Winner
FHEQ
20.99
SPHB
21.92
PEG Ratio
FHEQ
0.23
SPHB
N/A
5Y Dividends CAGR
FHEQ
N/A
SPHB
-5.20%
5Y EPS CAGR
Winner
FHEQ
29.25%
SPHB
15.38%
Debt to Equity
FHEQ
49.05%
Winner
SPHB
-19.57%
P/S Ratio
FHEQ
3.73
Winner
SPHB
2.89
P/B Ratio
FHEQ
5.47
Winner
SPHB
4.69
FHEQ vs SPHB - Holdings Comparison
FHEQ and SPHB have 26 common holdings. Overlap is 16.19%
FHEQ's top 25 holdings weight is 56.67%. SPHB's top 25 holdings weight is 34.74%.
| Rank | FHEQ | SPHB |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.41% | SANDISK CORP ORDINARY SHARES (SNDK) - 2.08% |
| #2 | APPLE INC (AAPL) - 7.37% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #3 | MICROSOFT CORP (MSFT) - 4.70% | COHERENT CORP (COHR) - 1.63% |
| #4 | AMAZON.COM INC (AMZN) - 4.25% | SUPER MICRO COMPUTER INC (SMCI) - 1.59% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.66% | n/a (COIN) - 1.55% |
| #6 | BROADCOM INC (AVGO) - 3.30% | ROBINHOOD MARKETS INC CLASS A (HOOD) - 1.54% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.72% | ADVANCED MICRO DEVICES INC (AMD) - 1.48% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.22% | LAM RESEARCH CORP (LRCX) - 1.48% |
| #9 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.87% | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.44% |
| #10 | MICRON TECHNOLOGY INC (MU) - 1.59% | TERADYNE INC (TER) - 1.42% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.58% | CIENA CORP (CIEN) - 1.38% |
| #12 | ELI LILLY AND CO (LLY) - 1.52% | LUMENTUM HOLDINGS INC (LITE) - 1.36% |
| #13 | FIDELITY CASH CENTRAL FUND (n/a) - 1.47% | WESTERN DIGITAL CORP (WDC) - 1.32% |
| #14 | TESLA INC (TSLA) - 1.30% | KLA CORP (KLAC) - 1.30% |
| #15 | CISCO SYSTEMS INC (CSCO) - 1.23% | UNITED AIRLINES HOLDINGS INC (UAL) - 1.29% |
| #16 | EXXON MOBIL CORP (XOM) - 1.20% | ON SEMICONDUCTOR CORP (ON) - 1.27% |
| #17 | MASTERCARD INC CLASS A (MA) - 1.08% | ARISTA NETWORKS INC (ANET) - 1.25% |
| #18 | LAM RESEARCH CORP (LRCX) - 1.04% | INTEL CORP (INTC) - 1.24% |
| #19 | ABBVIE INC (ABBV) - 1.00% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.24% |
| #20 | GE AEROSPACE (GE) - 0.99% | APPLIED MATERIALS INC (AMAT) - 1.21% |
| #21 | INTEL CORP (INTC) - 0.93% | TESLA INC (TSLA) - 1.20% |
| #22 | LINDE PLC (LIN) - 0.86% | CARNIVAL CORPORATION LTD (CCL) - 1.18% |
| #23 | MORGAN STANLEY (MS) - 0.86% | VERTIV HOLDINGS CO CLASS A (VRT) - 1.17% |
| #24 | GE VERNOVA INC (GEV) - 0.76% | NORWEGIAN CRUISE LINE HOLDINGS LTD (NCLH) - 1.17% |
| #25 | AMPHENOL CORP CLASS A (APH) - 0.76% | DATADOG INC CLASS A (DDOG) - 1.17% |
| Total Holdings | 170 | 102 |
FHEQ vs SPHB - Historical Returns
Returns include dividend reinvestment.
1M
FHEQ
+1.58%
Winner
SPHB
+4.01%
3M
FHEQ
+7.43%
Winner
SPHB
+17.76%
6M
FHEQ
+5.84%
Winner
SPHB
+22.39%
1Y
FHEQ
+18.74%
Winner
SPHB
+60.23%
5Y(CAGR)
FHEQ
N/A
SPHB
+13.79%
10Y(CAGR)
FHEQ
N/A
SPHB
+17.98%
Max(CAGR)
Winner
FHEQ
+14.37%
SPHB
+13.86%
FHEQ vs SPHB - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | FHEQ | SPHB |
|---|---|---|
| 2026 | +6.45% | +20.57% |
| 2025 | +13.41% | +32.89% |
| 2024 | +10.57% | +10.20% |
| 2023 | N/A | +33.64% |
| 2022 | N/A | -21.66% |
| 2021 | N/A | +42.64% |
| 2020 | N/A | +23.83% |
| 2019 | N/A | +32.98% |
| 2018 | N/A | -16.63% |
| 2017 | N/A | +15.98% |
| 2016 | N/A | +27.43% |
| 2015 | N/A | -12.63% |
| 2014 | N/A | +13.98% |
| 2013 | N/A | +36.75% |
| 2012 | N/A | +14.22% |
| 2011 | N/A | -21.89% |
FHEQ vs SPHB Drawdown Comparison
The maximum drawdown for FHEQ was -11.12%, occurring on Apr 21, 2025. Recovery took 134 trading sessions.
The maximum drawdown for SPHB was -46.82%, occurring on Mar 23, 2020. Recovery took 97 trading sessions.
The current FHEQ drawdown is -2.61%. The current SPHB drawdown is -6.50%.
| Rank | FHEQ | SPHB |
|---|---|---|
| #1 | -11.12% Dec 6, 2024 - Jun 24, 2025 | -46.82% Jan 17, 2020 - Jun 8, 2020 |
| #2 | -7.77% Feb 2, 2026 - Apr 17, 2026 | -38.30% May 10, 2011 - Mar 14, 2013 |
| #3 | -5.40% Jul 16, 2024 - Aug 23, 2024 | -34.48% Apr 23, 2015 - Nov 15, 2016 |
| #4 | -4.31% Oct 28, 2025 - Dec 11, 2025 | -31.49% Nov 8, 2021 - Dec 14, 2023 |
| #5 | -3.60% Aug 23, 2024 - Sep 19, 2024 | -29.21% Jan 23, 2025 - Jun 24, 2025 |
| #6 | -3.13% Apr 11, 2024 - May 14, 2024 | -27.72% Sep 20, 2018 - Dec 12, 2019 |
| #7 | -2.61% Jun 2, 2026 - Jun 5, 2026 | -21.44% Jun 8, 2020 - Nov 9, 2020 |
| #8 | -2.44% Oct 6, 2025 - Oct 24, 2025 | -14.05% Jul 16, 2024 - Oct 9, 2024 |
| #9 | -2.30% Dec 24, 2025 - Feb 2, 2026 | -13.10% Jun 2, 2021 - Oct 25, 2021 |
| #10 | -2.10% Oct 14, 2024 - Nov 6, 2024 | -11.40% Sep 18, 2014 - Nov 10, 2014 |
| #11 | -2.03% Nov 11, 2024 - Dec 2, 2024 | -11.32% Jan 26, 2018 - Aug 29, 2018 |
| #12 | -2.01% Dec 11, 2025 - Dec 24, 2025 | -10.71% Feb 25, 2026 - Apr 13, 2026 |
| #13 | -1.84% Jul 25, 2025 - Aug 8, 2025 | -9.69% Oct 27, 2025 - Dec 3, 2025 |
| #14 | -1.71% May 14, 2026 - May 26, 2026 | -9.61% Jan 14, 2021 - Feb 8, 2021 |
| #15 | -1.40% Aug 28, 2025 - Sep 9, 2025 | -8.89% Mar 28, 2024 - Jul 12, 2024 |
Correlation
Correlation between FHEQ and SPHB is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2011 - 2026)
FHEQ vs SPHB dividend yield comparison.
| Year | FHEQ | SPHB |
|---|---|---|
| 2026 | 0.18% | 0.16% |
| 2025 | 0.63% | 0.60% |
| 2024 | 0.50% | 0.80% |
| 2023 | 0.00% | 0.73% |
| 2022 | 0.00% | 0.72% |
| 2021 | 0.00% | 0.91% |
| 2020 | 0.00% | 1.90% |
| 2019 | 0.00% | 1.26% |
| 2018 | 0.00% | 1.97% |
| 2017 | 0.00% | 1.34% |
| 2016 | 0.00% | 0.93% |
| 2015 | 0.00% | 1.69% |
| 2014 | 0.00% | 0.98% |
| 2013 | 0.00% | 0.69% |
| 2012 | 0.00% | 0.88% |
| 2011 | 0.00% | 0.70% |
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