PRIV vs FHEQ
Comparison between SPDR SSGA IG PUBLIC & PRIVATE CREDIT ETF (PRIV, ETF) and FIDELITY HEDGED EQUITY ETF (FHEQ, ETF).
PRIV vs FHEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PRIV
$830M
FHEQ
$830M
Expense Ratio
PRIV
0.55%
Winner
FHEQ
0.48%
Max Drawdown
Winner
PRIV
3.39%
FHEQ
11.49%
Sharpe Ratio
PRIV
0.44
Winner
FHEQ
1.43
5Y Beta
Winner
PRIV
0.05
FHEQ
0.58
P/E Ratio
PRIV
N/A
FHEQ
26.59
Forward P/E
PRIV
N/A
FHEQ
20.99
PEG Ratio
PRIV
N/A
FHEQ
0.23
5Y EPS CAGR
PRIV
N/A
FHEQ
29.25%
Debt to Equity
PRIV
N/A
FHEQ
49.05%
P/S Ratio
PRIV
N/A
FHEQ
3.73
P/B Ratio
PRIV
N/A
FHEQ
5.47
PRIV vs FHEQ - Holdings Comparison
PRIV and FHEQ have 1 common holdings. Overlap is 0.00%
PRIV's top 25 holdings weight is 40.91%. FHEQ's top 25 holdings weight is 56.67%.
| Rank | PRIV | FHEQ |
|---|---|---|
| #1 | UNITED STATES TREASURY NOTES 4.625% (n/a) - 5.85% | NVIDIA CORP (NVDA) - 8.41% |
| #2 | FEDERAL HOME LOAN MORTGAGE CORP. 5.5% (n/a) - 4.28% | APPLE INC (AAPL) - 7.37% |
| #3 | n/a (n/a) - 4.26% | MICROSOFT CORP (MSFT) - 4.70% |
| #4 | UNITED STATES TREASURY BONDS 4.75% (n/a) - 4.19% | AMAZON.COM INC (AMZN) - 4.25% |
| #5 | FEDERAL NATIONAL MORTGAGE ASSOCIATION 5% (n/a) - 3.75% | ALPHABET INC CLASS A (GOOGL) - 3.66% |
| #6 | UNITED STATES TREASURY BONDS 4.625% (n/a) - 3.66% | BROADCOM INC (AVGO) - 3.30% |
| #7 | FEDERAL HOME LOAN MORTGAGE CORP. 5% (n/a) - 3.12% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | n/a (n/a) - 1.53% | META PLATFORMS INC CLASS A (META) - 2.22% |
| #9 | AT&T MOBILITY II LLC 0% (n/a) - 1.23% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.87% |
| #10 | n/a (n/a) - 1.22% | MICRON TECHNOLOGY INC (MU) - 1.59% |
| #11 | UNITED STATES TREASURY NOTES 3.875% (n/a) - 1.21% | JPMORGAN CHASE & CO (JPM) - 1.58% |
| #12 | n/a (n/a) - 1.12% | ELI LILLY AND CO (LLY) - 1.52% |
| #13 | n/a (n/a) - 0.85% | FIDELITY CASH CENTRAL FUND (n/a) - 1.47% |
| #14 | BAYER US FINANCE LLC 6.375% (n/a) - 0.71% | TESLA INC (TSLA) - 1.30% |
| #15 | AUTONATION, INC. 4.45% (n/a) - 0.61% | CISCO SYSTEMS INC (CSCO) - 1.23% |
| #16 | PACIFIC GAS AND ELECTRIC COMPANY 6.15% (n/a) - 0.41% | EXXON MOBIL CORP (XOM) - 1.20% |
| #17 | n/a (n/a) - 0.39% | MASTERCARD INC CLASS A (MA) - 1.08% |
| #18 | HCA INC. 5.5% (n/a) - 0.36% | LAM RESEARCH CORP (LRCX) - 1.04% |
| #19 | n/a (n/a) - 0.31% | ABBVIE INC (ABBV) - 1.00% |
| #20 | WELLS FARGO & CO. 5.605% (n/a) - 0.31% | GE AEROSPACE (GE) - 0.99% |
| #21 | LOANCORE 2025-CRE9 ISSUER LLC 5.82506% (n/a) - 0.31% | INTEL CORP (INTC) - 0.93% |
| #22 | MORGAN STANLEY 5.664% (n/a) - 0.31% | LINDE PLC (LIN) - 0.86% |
| #23 | RCKT MORTGAGE TRUST 2025-CES7 6.174% (n/a) - 0.31% | MORGAN STANLEY (MS) - 0.86% |
| #24 | RCKT MORTGAGE TRUST 2025-CES8 5.89878% (n/a) - 0.31% | GE VERNOVA INC (GEV) - 0.76% |
| #25 | CVS HEALTH CORP 4.875% (n/a) - 0.30% | AMPHENOL CORP CLASS A (APH) - 0.76% |
| Total Holdings | 270 | 170 |
PRIV vs FHEQ - Historical Returns
Returns include dividend reinvestment.
1M
PRIV
-0.66%
Winner
FHEQ
+1.58%
3M
PRIV
-0.88%
Winner
FHEQ
+7.43%
6M
PRIV
+0.52%
Winner
FHEQ
+5.84%
1Y
PRIV
+5.41%
Winner
FHEQ
+18.74%
Max(CAGR)
PRIV
+4.30%
Winner
FHEQ
+14.37%
PRIV vs FHEQ - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | PRIV | FHEQ |
|---|---|---|
| 2026 | +0.37% | +6.45% |
| 2025 | +5.22% | +13.41% |
| 2024 | N/A | +10.57% |
PRIV vs FHEQ Drawdown Comparison
The maximum drawdown for PRIV was -2.75%, occurring on Apr 11, 2025. Recovery took 53 trading sessions.
The maximum drawdown for FHEQ was -11.12%, occurring on Apr 21, 2025. Recovery took 134 trading sessions.
The current PRIV drawdown is -1.45%. The current FHEQ drawdown is -2.61%.
| Rank | PRIV | FHEQ |
|---|---|---|
| #1 | -2.75% Apr 4, 2025 - Jun 23, 2025 | -11.12% Dec 6, 2024 - Jun 24, 2025 |
| #2 | -2.54% Feb 27, 2026 - Mar 27, 2026 | -7.77% Feb 2, 2026 - Apr 17, 2026 |
| #3 | -1.18% Mar 3, 2025 - Apr 3, 2025 | -5.40% Jul 16, 2024 - Aug 23, 2024 |
| #4 | -0.95% Oct 28, 2025 - Nov 26, 2025 | -4.31% Oct 28, 2025 - Dec 11, 2025 |
| #5 | -0.94% Sep 16, 2025 - Oct 13, 2025 | -3.60% Aug 23, 2024 - Sep 19, 2024 |
| #6 | -0.92% Jun 30, 2025 - Jul 29, 2025 | -3.13% Apr 11, 2024 - May 14, 2024 |
| #7 | -0.77% Nov 28, 2025 - Jan 7, 2026 | -2.61% Jun 2, 2026 - Jun 5, 2026 |
| #8 | -0.61% Jan 14, 2026 - Feb 5, 2026 | -2.44% Oct 6, 2025 - Oct 24, 2025 |
| #9 | -0.44% Aug 13, 2025 - Aug 22, 2025 | -2.30% Dec 24, 2025 - Feb 2, 2026 |
| #10 | -0.32% Aug 5, 2025 - Aug 13, 2025 | -2.10% Oct 14, 2024 - Nov 6, 2024 |
| #11 | -0.31% Feb 5, 2026 - Feb 10, 2026 | -2.03% Nov 11, 2024 - Dec 2, 2024 |
| #12 | -0.28% Aug 29, 2025 - Sep 4, 2025 | -2.01% Dec 11, 2025 - Dec 24, 2025 |
| #13 | -0.25% Sep 11, 2025 - Sep 16, 2025 | -1.84% Jul 25, 2025 - Aug 8, 2025 |
| #14 | -0.24% Jul 29, 2025 - Aug 1, 2025 | -1.71% May 14, 2026 - May 26, 2026 |
| #15 | -0.21% Feb 23, 2026 - Feb 27, 2026 | -1.40% Aug 28, 2025 - Sep 9, 2025 |
Correlation
Correlation between PRIV and FHEQ is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2024 - 2026)
PRIV vs FHEQ dividend yield comparison.
| Year | PRIV | FHEQ |
|---|---|---|
| 2026 | 1.86% | 0.18% |
| 2025 | 3.75% | 0.63% |
| 2024 | 0.00% | 0.50% |
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