FHEQ vs VYM
Fidelity Hedged Equity ETF vs Vanguard High Dividend Yield ETF
Which is better, FHEQ or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 38.6%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.48% | 0.04%Best |
| AUM | $929M | $81.6B |
| Dividend Yield | 0.53% | 2.22% |
| Holdings | 181 | 613 |
| YTD Return | +9.09% | +12.29%Best |
| 1Y Return | +11.06% | +16.61%Best |
| 3Y Return (annualized) | - | +17.42% |
| 5Y Return (annualized) | - | +12.12% |
| Volatility (annualized) | 9.6%Best | 10.0% |
| Max Drawdown | -11.1%Best | -14.5% |
| $10,000 over 2.4 years | $13,597 | $14,400Best |
| Top 10 Weight | 38.6% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 9, 2024 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Apr 11, 2024 to Sep 17, 2026 (2.4 years).
FHEQ vs VYM 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 2.4 years both funds cover.
FHEQ vs VYM Performance
Fidelity Hedged Equity ETF (FHEQ) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FHEQ returned +11.06% while VYM returned +16.61%. Year to date, FHEQ is up 9.09% versus a gain of 12.29% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.0% compared with 9.6% 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FHEQ charges 0.48% per year while VYM charges 0.04%. On a $10,000 position that is $48 vs $4 annually, a gap of $44 per year that compounds over a long holding period. On income, FHEQ currently yields 0.53% against 2.22% for VYM.
Holdings Overlap
30.6% of FHEQ's money is in holdings VYM also owns. 45.2% of VYM's money is in holdings FHEQ also owns.
The two portfolios partly overlap.
64 positions in common, counted across the 188 positions we hold weights for in FHEQ and 557 in VYM, against full books of 181 and 613.
What only one of them owns
Our book lists 465 positions for VYM that do not appear in our book for FHEQ (52.1% of the fund), and 104 for FHEQ that do not appear in VYM (66.2%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.68% | 7.35% | 4.67% |
| JPMJpmorgan Chase & Co | 1.91% | 3.82% | 1.91% |
| XOMExxon Mobil Corp. | 1.10% | 2.63% | 1.53% |
| JNJJohnson & Johnson - Common | 0.77% | 2.51% | 1.74% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.07% | 1.86% | 0.79% |
| BACBank Of America Corp. | 1.10% | 1.66% | 0.56% |
| ABBVAbbvie Inc. | 0.91% | 1.80% | 0.89% |
| UNHUnitedhealth Group, Inc. | 0.93% | 1.52% | 0.59% |
| CVXChevron Corp | 0.77% | 1.48% | 0.71% |
| CATCaterpillar, Inc. | 0.50% | 1.50% | 1.00% |
45.2% of VYM is already inside FHEQ.
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 VYM?
FHEQ has an expense ratio of 0.48% while VYM charges 0.04%. VYM is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, FHEQ or VYM?
Over the past year FHEQ returned +11.06% vs +16.61% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), FHEQ annualized +13.66% vs +16.41% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FHEQ or VYM?
VYM has been the more volatile fund at 10.0% annualized versus 9.6% for FHEQ. Worst drawdown: FHEQ -11.1% vs VYM -14.5%.
Should I hold both FHEQ and VYM?
FHEQ and VYM have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FHEQ and VYM?
45.2% of VYM's money is in holdings FHEQ also owns. 45.2% of VYM's is in holdings FHEQ also owns. They hold 64 positions in common, counted across the 188 positions we hold weights for in FHEQ and 557 in VYM.
Which pays a higher dividend, FHEQ or VYM?
FHEQ yields 0.53% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FHEQ?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 38.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.