FHEQ vs RFLR
Fidelity Hedged Equity ETF against Innovator U.S. Small Cap Managed Floor ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
1%
19 shared positions
Fee gap
41 bp
FHEQ is cheaper
1-year return gap
2.2 pts
RFLR is ahead
Larger fund
FHEQ
$1.0B
Side by side
| FHEQ | RFLR | |
|---|---|---|
| Fund | Fidelity Hedged Equity ETF | Innovator U.S. Small Cap Managed Floor ETF |
| Issuer | Fidelity | Innovator |
| Category | Hedged Equity | Hedged Equity |
| Expense ratio | 0.48% | 0.89% |
| Assets | $1.0B | $95M |
| Average daily dollar volume | $2.8M | $404K |
| Listed | Apr 9, 2024 | Sep 16, 2024 |
| FrenzyCap score | 71 | 18 |
| 1-month return | −0.9% | +0.1% |
| 3-month return | +1.1% | −2.0% |
| Year to date | +8.3% | +10.9% |
| 1-year return | +8.9% | +11.1% |
| 30-day volatility | 8.4% | 9.7% |
| Worst drawdown, 1 year | −8.0% | −7.3% |
| Trailing 12-month yield | 0.59% | 0.66% |
| Holdings | 193 | 836 |
| Top 10 weight | 38.8% | 5.1% |
| Look-through P/E | 24.4 | 88.0 |
| Holdings vs fair value | +4.9% | +17.3% |
| Holdings above 200-day average | 69% | 59% |
| Net flow, latest 3 reported months | +$62M thru Jul 2026 | +$9.5M thru Jul 2026 |
| 30-day implied volatility | 17.8% | — |
| Holdings as of | as of Oct 21, 2026issuer data | as of Oct 22, 2026issuer data |
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
1% of FHEQ · 3% of RFLR
Sector mix of the stock holdings
| Sector | FHEQ | RFLR | Gap |
|---|---|---|---|
| Technology | 47.8% | 13.9% | +33.9% |
| Industrials | 11.2% | 15.8% | −4.7% |
| Financials | 10.1% | 16.8% | −6.7% |
| Health Care | 9.4% | 15.6% | −6.2% |
| Consumer Discretionary | 8.1% | 11.1% | −3.0% |
| Real Estate | 1.5% | 6.0% | −4.5% |
| Energy | 2.6% | 3.7% | −1.1% |
| Materials | 1.5% | 4.6% | −3.1% |
| Consumer Staples | 2.4% | 1.9% | +0.5% |
| Utilities | 0.9% | 2.9% | −2.0% |
| Communication Services | 1.4% | 1.7% | −0.3% |
| Other | 0.0% | 0.3% | −0.3% |
More: full overlap table · FHEQ holdings · RFLR 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.