FBUF vs FHEQ
Fidelity Dynamic Buffered Equity ETF against Fidelity Hedged Equity ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
90%
155 shared positions
Fee gap
0 bp
same fee
1-year return gap
1.9 pts
FBUF is ahead
Larger fund
FHEQ
$1.0B
Side by side
| FBUF | FHEQ | |
|---|---|---|
| Fund | Fidelity Dynamic Buffered Equity ETF | Fidelity Hedged Equity ETF |
| Issuer | Fidelity | Fidelity |
| Category | Buffer | Hedged Equity |
| Expense ratio | 0.48% | 0.48% |
| Assets | $26M | $1.0B |
| Average daily dollar volume | $176K | $2.9M |
| Listed | Apr 9, 2024 | Apr 9, 2024 |
| FrenzyCap score | 51 | 73 |
| 1-month return | +1.6% | +0.9% |
| 3-month return | +3.6% | +2.4% |
| Year to date | +9.4% | +10.2% |
| 1-year return | +12.6% | +10.7% |
| 30-day volatility | 7.2% | 8.3% |
| Worst drawdown, 1 year | −5.8% | −8.0% |
| Trailing 12-month yield | 0.57% | 0.58% |
| Holdings | 181 | 195 |
| Top 10 weight | 39.0% | 39.0% |
| Look-through P/E | 24.1 | 23.7 |
| Holdings vs fair value | +3.6% | +4.0% |
| Holdings above 200-day average | 75% | 73% |
| Net flow, latest 3 reported months | +$4.0M thru Jul 2026 | +$62M thru Jul 2026 |
| 30-day implied volatility | — | 20.9% |
| Holdings as of | as of Jul 31, 2026SEC filing | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
94% of FBUF · 94% of FHEQ| Holding | FBUF | FHEQ |
|---|---|---|
| NVDA | 7.67% | 7.77% |
| AAPL | 7.30% | 7.32% |
| MSFT | 4.92% | 5.05% |
| AMZN | 4.34% | 4.24% |
| GOOGL | 3.56% | 3.42% |
| AVGO | 2.93% | 2.90% |
| GOOG | 2.36% | 2.48% |
| META | 2.05% | 1.97% |
| JPM | 1.94% | 1.92% |
| BRK.B | 1.91% | 1.94% |
| LLY | 1.54% | 1.61% |
| MU | 1.60% | 1.51% |
| MA | 1.22% | 1.23% |
| XOM | 1.09% | 1.06% |
| GE | 1.06% | 1.07% |
| UNH | 1.03% | 1.03% |
| BAC | 1.01% | 1.11% |
| ABBV | 0.88% | 0.89% |
| RTX | 0.96% | 0.88% |
| CSCO | 0.87% | 1.04% |
| TSLA | 0.84% | 0.84% |
| APH | 0.80% | 0.80% |
| SCHW | 0.79% | 0.79% |
| ABT | 0.76% | 0.75% |
| BMY | 0.74% | 0.74% |
Sector mix of the stock holdings
| Sector | FBUF | FHEQ | Gap |
|---|---|---|---|
| Technology | 45.7% | 44.9% | +0.8% |
| Industrials | 10.7% | 11.6% | −0.9% |
| Financials | 10.9% | 10.7% | +0.2% |
| Consumer Discretionary | 9.3% | 9.0% | +0.3% |
| Health Care | 8.7% | 8.4% | +0.3% |
| Energy | 2.2% | 2.3% | −0.1% |
| Communication Services | 2.1% | 2.2% | −0.0% |
| Consumer Staples | 1.9% | 2.3% | −0.4% |
| Materials | 2.0% | 1.9% | +0.1% |
| Utilities | 1.5% | 1.3% | +0.3% |
| Real Estate | 0.9% | 0.8% | +0.1% |
More: full overlap table · FBUF holdings · FHEQ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.