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FHEQ ETF — Fidelity Hedged Equity ETF
Fidelity Hedged Equity ETF (FHEQ)
Updated October 16, 2026.
Verdict as of October 16, 2026
FHEQ's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (90/100, high confidence). It pays quarterly and its distribution rate is 0.68%. The latest total cash payment per current share, $0.057 with an ex-date of September 18, 2026, was 35.7% higher than the previous $0.042. These payments are unclassified; this does not establish a base-dividend change.
Sources: Fidelity Investments page for FHEQ, Section 19a-1 notices, scoring methodology.
FHEQ is an ETF. its distribution rate is 0.68%, its trailing-12-month yield is 0.59%, its expense ratio is 0.48%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 36.7% over the past 2.5 years, 15.0 points behind SPY at 51.7%.
Fidelity Hedged Equity ETF is an actively managed fund that invests primarily in large-cap U.S. equities selected through quantitative analysis, while employing a systematic options-based hedging strategy designed to reduce downside risk and seek capital appreciation. The fund has a low distribution rate and distributes quarterly, with an expense ratio of 0.48%.
FHEQ dividend yield and income
Price as of 2026-10-16.
The distribution rate (0.68%) uses calculation basis unavailable. Trailing-12-month yield (0.59%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.057. The ex-dividend date is 09/18/2026. The payment date is 09/22/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-18 | $0.057 | 35.7% Unclassified cash |
| 2026-06-18 | $0.042 | -28.8% Unclassified cash |
| 2026-03-20 | $0.059 | 47.5% Unclassified cash |
| 2025-12-19 | $0.04 | 0.0% Unclassified cash |
| 2025-09-19 | $0.04 | -29.8% Unclassified cash |
| 2025-06-20 | $0.057 | 0.0% Unclassified cash |
| 2025-03-21 | $0.057 | 0.0% Unclassified cash |
| 2024-12-20 | $0.057 | 14.0% Unclassified cash |
| 2024-09-20 | $0.05 | 66.7% Unclassified cash |
| 2024-06-21 | $0.03 | — |
| 2024 total (partial launch year) | $0.137 | — |
| 2025 total | $0.194 | — |
| 2026 YTD total | $0.158 | 2.6% vs prior-year YTD |
FHEQ dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -6.2%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -6.2% |
FHEQ holdings and sector exposure
Holdings are not available for this snapshot.
FHEQ performance versus SPY
Price and return data through 2026-10-16.
Total return is 36.7% over the past 2.5 years, 15.0 points behind SPY at 51.7%. Over the past year its total return — price change plus distributions reinvested — is 11.2%. Its deepest 1-year drawdown was 7.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.4% | — |
| 3M | 0.7% | — |
| 6M | 7.6% | — |
| YTD | 9.1% | — |
| 1Y | 11.2% | — |
| 2Y CAGR | — | 11.30% |
| Since inception (2.5 years) | 36.7% | 13.20% |
FHEQ key facts
- Distribution Safety Score™
- 90 · Safe
- Safety-Adjusted Yield
- 0.61%
- Issuer
- Fidelity Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/09/2024
- Expense ratio
- 0.48%
- Distribution rate
- 0.68%
- Distribution frequency
- Quarterly
- Trailing yield
- 0.59%
- Last close
- $33.54 (as of 2026-10-16)
- AUM
- $1,010,119,054
- Average volume
- 104224.0
- Dividend
- $0.057
- Ex-dividend date
- 09/18/2026
- Payment date
- 09/22/2026
- Beta
- 0.7573
How Dividend Vision calculates yield and returns
Distribution rate (0.68%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.59%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Fidelity Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FHEQ risks and drawbacks
FHEQ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.8%.
Who may consider FHEQ — and who may not
FHEQ may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FHEQ pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on FHEQ
Frequently asked questions
Does FHEQ pay monthly?
No. FHEQ currently pays quarterly, not monthly.
What is FHEQ's expense ratio?
FHEQ's expense ratio is 0.48%.
What is FHEQ's dividend yield?
FHEQ's distribution rate is 0.68%, paid quarterly, with a 0.48% expense ratio — calculation basis unavailable.
How has FHEQ's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -6.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does FHEQ pay a dividend?
FHEQ pays quarterly. The dividend amount is $0.057. The ex-dividend date is 09/18/2026. The payment date is 09/22/2026.
How has FHEQ performed?
Total return is 36.7% over the past 2.5 years, 15.0 points behind SPY at 51.7%. Over the past year its total return — price change plus distributions reinvested — is 11.2%. Its deepest 1-year drawdown was 7.8%.
Is FHEQ a good investment?
FHEQ's Dividend Vision Distribution Safety Score is 90 (Safe). That is a risk signal, not investment advice. Its distribution rate is 0.68% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
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