FLBL vs FHEQ

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

FLBL vs FHEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

FLBL

$829M

Winner

FHEQ

$830M

Expense Ratio

Winner

FLBL

0.45%

FHEQ

0.48%

Max Drawdown

FLBL

20.64%

Winner

FHEQ

11.49%

Sharpe Ratio

FLBL

-0.50

Winner

FHEQ

1.43

5Y Beta

Winner

FLBL

0.12

FHEQ

0.58

P/E Ratio

FLBL

N/A

FHEQ

26.59

Forward P/E

FLBL

N/A

FHEQ

20.99

PEG Ratio

FLBL

N/A

FHEQ

0.23

5Y Dividends CAGR

FLBL

21.14%

FHEQ

N/A

5Y EPS CAGR

FLBL

N/A

FHEQ

29.25%

Debt to Equity

FLBL

N/A

FHEQ

49.05%

P/S Ratio

FLBL

N/A

FHEQ

3.73

P/B Ratio

FLBL

N/A

FHEQ

5.47

FLBL vs FHEQ - Historical Returns

Returns include dividend reinvestment.

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

FLBL

+0.19%

Winner

FHEQ

+1.58%

FLBL

+2.12%

Winner

FHEQ

+7.43%

FLBL

+0.37%

Winner

FHEQ

+5.84%

FLBL

+2.31%

Winner

FHEQ

+18.74%

5Y(CAGR)

FLBL

+5.17%

FHEQ

N/A

10Y(CAGR)

FLBL

+4.52%

FHEQ

N/A

Max(CAGR)

FLBL

+4.52%

Winner

FHEQ

+14.37%

FLBL vs FHEQ - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

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

FLBL vs FHEQ Drawdown Comparison

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

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

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

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