FHEQ vs PHDG
Fidelity Hedged Equity ETF compared with Invesco S&P 500 Downside Hedged ETF on yield, payout growth, payment schedule, cost and risk.
FHEQ
Fidelity Hedged Equity ETF
TTM yield · Quarterly
PHDG
Invesco S&P 500 Downside Hedged ETF
TTM yield · Quarterly
Quick take
- PHDG yields more today: 1.43% vs 0.49% (forward).
- PHDG has grown its payout faster: -13.1%/yr vs -18.1%/yr over the last 1 year.
- Both pay every quarter.
- Over the last year PHDG delivered the higher total return: +15.9% vs +15.6% (price change plus payouts).
- PHDG is cheaper to own: 0.39% vs 0.48% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FHEQ | PHDG |
|---|---|---|
| Share price | $34.20 | $41.40 |
| TTM yield | 0.53% | 1.67% |
| Forward yield | 0.49% | 1.43% |
| Annual payout per share | $0.168 | $0.592 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 17, 2026 (est.) | Sep 21, 2026 (est.) |
| Expense ratio | 0.48% | 0.39% |
| 1-year payout growth | -18.1% | -13.1% |
| 5-year payout CAGR | — | +38.0% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 80/100 | 78/100 |
| 1-year total return | +15.6% | +15.9% |
| 1-year price return | +15.0% | +14.0% |
| Size (market cap / AUM) | 970.4M | 62.1M |
| Years paying | 2.2 | 13.7 |
| Sector / category | Equity Hedged | Equity Hedged |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FHEQ | PHDG | |
|---|---|---|
| Shares | 292.4 | 241.5 |
| Income per year | $49 | $143 |
| Income per month (avg) | $4 | $12 |
At forward yields, before taxes. Model FHEQ · Model PHDG
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FHEQ Sep 17, 2026 | Oct 1, 2026 | $0.042 | Est. |
| FHEQ Dec 17, 2026 | Dec 31, 2026 | $0.042 | Est. |
| FHEQ Mar 18, 2027 | Apr 1, 2027 | $0.042 | Est. |
| PHDG Sep 21, 2026 | Oct 5, 2026 | $0.148 | Est. |
| PHDG Dec 21, 2026 | Jan 4, 2027 | $0.148 | Est. |
| PHDG Mar 22, 2027 | Apr 5, 2027 | $0.148 | Est. |
Annual payouts per share
FHEQPHDG
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FHEQ or PHDG?
PHDG currently has the higher trailing yield: FHEQ yields 0.53% and PHDG yields 1.67%. Yield changes daily with price, so check the live figures above.
How often do FHEQ and PHDG pay?
FHEQ pays every quarter and PHDG pays every quarter. FHEQ's next ex-date is Sep 17, 2026 and PHDG's is Sep 21, 2026.
Which has grown its dividend faster, FHEQ or PHDG?
PHDG has grown its payout faster: -13.1%/yr vs -18.1%/yr over the last 1 year.
Is FHEQ or PHDG better for income?
It depends on what you are optimising for. FHEQ and PHDG differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.