FHEQ vs VTI
Fidelity Hedged Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FHEQ or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. VTI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FHEQ | VTI |
|---|---|---|
| Expense Ratio | 0.48% | 0.03%Best |
| AUM | $970M | $690.1B |
| Dividend Yield | 0.53% | 1.03% |
| Holdings | 198 | 3,524 |
| YTD Return | +10.03% | +14.35%Best |
| 1Y Return | +12.06% | +17.97%Best |
| 3Y Return (annualized) | - | +22.47% |
| 5Y Return (annualized) | - | +12.62% |
| Volatility (annualized) | 9.4%Best | 11.8% |
| Max Drawdown | -11.1%Best | -19.3% |
| $10,000 over 2.5 years | $13,767 | $15,302Best |
| Top 10 Weight | 38.7% | 33.3%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 9, 2024 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 11, 2024 to Oct 13, 2026 (2.5 years).
FHEQ vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
FHEQ vs VTI Performance
Fidelity Hedged Equity ETF (FHEQ) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FHEQ returned +12.06% while VTI returned +17.97%. Year to date, FHEQ is up 10.03% versus a gain of 14.35% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 9.4% for FHEQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.1% for FHEQ and -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FHEQ charges 0.48% per year while VTI charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, FHEQ currently yields 0.53% against 1.03% for VTI.
Holdings Overlap
94.3% of FHEQ's money is in holdings VTI also owns. 59.9% of VTI's money is in holdings FHEQ also owns.
Most of FHEQ is already inside VTI. Owning both mostly buys the same companies twice.
167 positions in common, counted across the 177 positions we hold weights for in FHEQ and 3,463 in VTI, against full books of 198 and 3,524.
What only one of them owns
Our book lists 993 positions for VTI that do not appear in our book for FHEQ (37.7% of the fund), and 4 for FHEQ that do not appear in VTI (2.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FHEQ | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.75% | 6.40% | 1.35% |
| AAPLApple, Inc | 7.50% | 6.29% | 1.21% |
| MSFTMicrosoft Corp | 5.19% | 4.79% | 0.40% |
| AMZNAmazon.Com Inc | 3.92% | 3.65% | 0.27% |
| GOOGLAlphabet Inc,class A | 3.15% | 2.90% | 0.25% |
| AVGOBroadcom Inc | 2.59% | 2.56% | 0.03% |
| GOOGAlphabet Inc. C | 2.28% | 2.31% | 0.03% |
| METAMeta Platforms Inc | 2.33% | 1.70% | 0.63% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.93% | 1.28% | 0.65% |
| JPMJpmorgan Chase & Co | 1.89% | 1.31% | 0.58% |
94.3% of FHEQ is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FHEQ or VTI?
FHEQ has an expense ratio of 0.48% while VTI charges 0.03%. VTI is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, FHEQ or VTI?
Over the past year FHEQ returned +12.06% vs +17.97% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FHEQ or VTI?
VTI has been the more volatile fund at 11.8% annualized versus 9.4% for FHEQ. Worst drawdown: FHEQ -11.1% vs VTI -19.3%.
Should I hold both FHEQ and VTI?
FHEQ and VTI have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FHEQ and VTI?
94.3% of FHEQ's money is in holdings VTI also owns. 59.9% of VTI's is in holdings FHEQ also owns. They hold 167 positions in common, counted across the 177 positions we hold weights for in FHEQ and 3,463 in VTI.
Which pays a higher dividend, FHEQ or VTI?
FHEQ yields 0.53% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than FHEQ?
VTI has a lower expense ratio. VTI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.