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

In the year to Sep 19, 2026, with distributions reinvested, FHEQ returned +11.1% and GLD returned +19.5%, so GLD returned more.

Which is cheaper, FHEQ or GLD?

FHEQ charges 0.48% a year and GLD charges 0.40%, so GLD is cheaper. Fees come from each fund's prospectus.

Are FHEQ and GLD the same kind of fund?

No. FHEQ is an alternatives ETF and GLD is a commodity ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

FHEQ vs GLD: how they differ

Over the year GLD returned more, +19.5% to FHEQ's +11.1%, and GLD charges 0.40% to FHEQ's 0.48%.

Fidelity Hedged Equity ETF and SPDR Gold Shares.

FHEQ and GLD on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	FHEQ Fidelity Hedged Equity ETF	GLD SPDR Gold Shares
Where it sits	Alternatives ETF	Core fund
Issuer	Fidelity	State Street
What it is	Hedged equity	Holds gold
Total return, 1 year	+11.1%	+19.5%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	−5.5 pts	+3.0 pts
Expense ratio	0.48%	0.40%
Net assets	$970m	$147.8bn

FHEQ in plain words

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 Sep 18, 2026, its weekly returns had a correlation of +0.97 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 22 of those 52 weeks, by 1.24% on average. In the same weeks FHEQ fell 1.14% on average, a down-week capture of 92.2%. Over the same 52 weeks FHEQ returned +10.5% and a Treasury bill fund +3.6%, so it finished 6.9 percentage points ahead of cash.

GLD in plain words

GLD holds gold. Over the year to Sep 18, 2026 it returned +19.5% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.40% a year. It sat 19.1% below its high of Jan 29, 2026 on Sep 18, 2026.

Questions people ask

Which returned more over the last year, FHEQ or GLD?: In the year to Sep 19, 2026, with distributions reinvested, FHEQ returned +11.1% and GLD returned +19.5%, so GLD returned more.
Which is cheaper, FHEQ or GLD?: FHEQ charges 0.48% a year and GLD charges 0.40%, so GLD is cheaper. Fees come from each fund's prospectus.
Are FHEQ and GLD the same kind of fund?: No. FHEQ is an alternatives ETF and GLD is a commodity ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

FHEQ against GLD, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, FHEQ against GLD, data as of Sep 19, 2026. https://etfiq.com/compare/any/fheq-vs-gld Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources