FHEQ vs RFLR
Fidelity Hedged Equity ETF compared with Innovator U.S. Small Cap Managed Floor ETF on yield, payout growth, payment schedule, cost and risk.
FHEQ
Fidelity Hedged Equity ETF
TTM yield · Quarterly
RFLR
Innovator U.S. Small Cap Managed Floor ETF
TTM yield · Quarterly
Quick take
- FHEQ yields more today: 0.68% vs 0.61% (forward).
- Both pay every quarter.
- Over the last year RFLR delivered the higher total return: +14.2% vs +9.3% (price change plus payouts).
- FHEQ is cheaper to own: 0.48% vs 0.89% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FHEQ | RFLR |
|---|---|---|
| Share price | $33.34 | $31.52 |
| TTM yield | 0.59% | 0.45% |
| Forward yield | 0.68% | 0.61% |
| Annual payout per share | $0.228 | $0.192 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 18, 2026 (est.) | Dec 29, 2026 (est.) |
| Expense ratio | 0.48% | 0.89% |
| 1-year payout growth | -6.2% | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 80/100 | 74/100 |
| 1-year total return | +9.3% | +14.2% |
| 1-year price return | +8.7% | +13.6% |
| Size (market cap / AUM) | 985.6M | 93.9M |
| Years paying | 2.3 | 1.8 |
| 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 | RFLR | |
|---|---|---|
| Shares | 299.9 | 317.3 |
| Income per year | $68 | $61 |
| Income per month (avg) | $6 | $5 |
At forward yields, before taxes. Model FHEQ · Model RFLR
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FHEQ Dec 18, 2026 | Jan 1, 2027 | $0.057 | Est. |
| FHEQ Mar 19, 2027 | Apr 2, 2027 | $0.057 | Est. |
| FHEQ Jun 18, 2027 | Jul 2, 2027 | $0.057 | Est. |
| RFLR Dec 29, 2026 | Jan 12, 2027 | $0.048 | Est. |
| RFLR Mar 30, 2027 | Apr 13, 2027 | $0.048 | Est. |
| RFLR Jun 29, 2027 | Jul 13, 2027 | $0.048 | Est. |
Annual payouts per share
FHEQRFLR
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 RFLR?
FHEQ currently has the higher trailing yield: FHEQ yields 0.59% and RFLR yields 0.45%. Yield changes daily with price, so check the live figures above.
How often do FHEQ and RFLR pay?
FHEQ pays every quarter and RFLR pays every quarter. FHEQ's next ex-date is Dec 18, 2026 and RFLR's is Dec 29, 2026.
Is FHEQ or RFLR better for income?
It depends on what you are optimising for. FHEQ and RFLR 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.