Browse all 652 ETFs by category, no search needed
Global 186
US market 62
Country 93
Core UCITS 15
Sector 103
Style & factor 111
Theme 45
Dividend 37
Fidelity Hedged Equity (FHEQ)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.48 % · ISIN US31624J7458
Price history (since 2024)
Monthly close since 2024. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 8.5 % | −13.1 % | 73 |
| Apple Inc. AAPL | 7.3 % | +1.6 % | 82 |
| Microsoft Corporation MSFT | 5.3 % | +10.0 % | 66 |
| Amazon.com Inc AMZN | 3.9 % | −50.8 % | 56 |
| Alphabet Inc Class A GOOGL | 3.0 % | n/a | n/a |
| Broadcom Inc AVGO | 2.9 % | −15.2 % | 71 |
| Meta Platforms Inc. META | 2.6 % | +10.0 % | 66 |
| Alphabet Inc Class C GOOG | 2.2 % | −4.4 % | 68 |
| Micron Technology Inc MU | 1.9 % | −84.1 % | 72 |
| Berkshire Hathaway Inc BRK-B | 1.9 % | −23.8 % | 57 |
| JPMorgan Chase & Co JPM | 1.8 % | −43.2 % | 64 |
| Eli Lilly and Company LLY | 1.8 % | −35.8 % | 67 |
| Visa Inc. Class A V | 1.2 % | −44.1 % | 81 |
| Cisco Systems Inc CSCO | 1.1 % | +7.8 % | 76 |
| Tesla Inc TSLA | 1.1 % | −89.1 % | 49 |
| Exxon Mobil Corp XOM | 1.1 % | −48.1 % | 58 |
| Mastercard Inc MA | 1.1 % | −40.6 % | 83 |
| Caterpillar Inc CAT | 1.1 % | −60.1 % | 65 |
| Intel Corporation INTC | 1.1 % | −34.5 % | 39 |
| Advanced Micro Devices Inc AMD | 1.0 % | −79.8 % | 75 |
| Bank of America Corp BAC | 0.9 % | −21.5 % | 60 |
| AbbVie Inc ABBV | 0.9 % | −5.4 % | 73 |
| UnitedHealth Group Incorporated UNH | 0.9 % | +40.8 % | 61 |
| Amphenol Corporation APH | 0.9 % | −16.4 % | 56 |
| General Electric Company GCP | 0.8 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about FHEQ
Is FHEQ overvalued?
What is the fair value of FHEQ?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FHEQ?
What is the expense ratio of FHEQ?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity Hedged Equity ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.