Are AGG and FHEQ in the same category?

AGG is a bond ETF and FHEQ is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, AGG or FHEQ?

In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and FHEQ +8.7%.

Which is cheaper, AGG or FHEQ?

AGG is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Across categories

AGG vs FHEQ: Differences, Returns & Fees

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Over the year to Nov 4, 2026, AGG returned +0.2% to FHEQ's +8.7%, and AGG charges 0.03% to FHEQ's 0.48%.

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Net assets: $139.1bn on Nov 4, 2026 for iShares Core U.S. Aggregate Bond ETF, and $986m on Sep 30, 2026 for Fidelity Hedged Equity ETF.

AGG on its own →FHEQ on its own →

At a glance

+0.2%

AGG total return, 1 year

+8.7%

FHEQ total return, 1 year

0.03%

AGG expense ratio

0.48%

FHEQ expense ratio

Pair scorecard

AGG costs 0.45 points a year less; their one-year returns differ by 8.5 points.

AGG vs FHEQ: Differences, Returns & Fees
Measure	AGG	FHEQ
Return
Measure	AGG	FHEQ
Total return, 1 year	+0.2%	+8.7%
Total return, 52 weeks		+8.4%
Against its benchmark
Measure	AGG	FHEQ
What it tracks	Bloomberg U.S. Aggregate Bond Index	not published
Treasury bills, 52 weeks		+3.7%
Against cash		4.7 points ahead
Cost and size
Measure	AGG	FHEQ
Expense ratio	0.03%	0.48%
Net assets, AGG as of Nov 4, 2026 and FHEQ as of Sep 30, 2026	$139.1bn	$986m
Holdings
Measure	AGG	FHEQ
Holdings in common	not published
Risk
Measure	AGG	FHEQ
Correlation with the S&P 500’s weekly returns		+0.98
Beta to the S&P 500		+0.82: about 0.82% for each 1%
Its average week when the S&P 500 fell		fell 0.92%
Down-week capture		86.0%
Weeks the S&P 500 fell		26 of 52, by 1.07% on average

Method

Side by side

AGG iShares Core U.S. Aggregate Bond ETF FHEQ Fidelity Hedged Equity ETF

Where it sits Bond ETF Alternatives ETF

Issuer iShares Fidelity

What it is Tracks an index of US aggregate bonds Hedged equity

Total return, 1 year +0.2% +8.7%

Its benchmark over the same days +0.2% (SCHZ) +14.8% (VOO)

Gap to its benchmark 0.0 pts vs SCHZ −6.1 pts vs VOO

Expense ratio 0.03% 0.48%

Holdings 13462 not read by ETFIQ

Net assets, AGG as of Nov 4, 2026 and FHEQ as of Sep 30, 2026 $139.1bn $986m

AGG and FHEQ on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

AGG

AGG tracks an index of US aggregate bonds. Over the year to Nov 4, 2026 it returned +0.2% with distributions reinvested, against +0.2% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

FHEQ

FHEQ is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.98 with the S&P 500’s and a beta of +0.82, so for each 1% the index moved it moved about 0.82% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks FHEQ fell 0.92% on average, a down-week capture of 86.0%. Over the same 52 weeks FHEQ returned +8.4% and a Treasury bill fund +3.7%, so it finished 4.7 percentage points ahead of cash.

Questions people ask

Are AGG and FHEQ in the same category?: AGG is a bond ETF and FHEQ is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, AGG or FHEQ?: In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and FHEQ +8.7%.
Which is cheaper, AGG or FHEQ?: AGG is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AGG vs CCOR AGG vs HEGD AGG vs CAOS AGG vs HEDG BND vs FHEQ FHEQ vs TLT FHEQ vs GLD FHEQ vs QQQ

Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →AGG on its own →FHEQ on its own →Hold both: look the portfolio through →Rankings →AGG dividend history →AGG holdings →FHEQ dividend history →Standards and sources →

Sources and dates

AGG filings on SEC EDGAR ↗

AGG prospectus with the expense ratio (SEC) ↗

iShares page for AGG ↗

FHEQ filings on SEC EDGAR ↗

FHEQ prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, AGG against FHEQ, data as of Nov 4, 2026. https://etfiq.com/compare/any/agg-vs-fheq

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