FEQZX Performance — Fidelity Hedged Equity Fund, Class Z
Data updated: 2026-09-23
FEQZX returned +7.12% year to date and +13.52% over one year to Jul 2026. The annualised 3-year return is +14.77%. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $151, against $153 for the category, and to $114 over one year, against $116. Volatility over the past three years was 10.78% a year. In the 12 months to Jul 2026 the fund took in a net $264.8M, and assets reached $767.42M.
FEQZX Growth of $100
What $100 invested in Fidelity Hedged Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | FEQZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $151 | $153 |
| Since data start (Oct 2022 – Jul 2026) | $175 | $189 |
FEQZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.12% |
| 1 year | +13.52% |
| 3 years (annualised) | +14.77% |
FEQZX Annual Returns
Calendar-year total returns of Fidelity Hedged Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.12% |
| 2025 | +13.62% |
| 2024 | +19.56% |
| 2023 | +17.74% |
| 2022 (Oct–Dec) | +2.41% |
FEQZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | −1.1% | −4.0% | +8.7% | +5.1% | −1.4% | −0.9% | — | — | — | — | — |
| 2025 | +1.4% | −1.3% | −3.9% | +0.4% | +5.0% | +4.1% | +1.6% | +1.7% | +3.3% | +2.0% | −0.5% | −0.6% |
| 2024 | +1.2% | +4.6% | +2.5% | −4.1% | +3.9% | +3.3% | +0.9% | +2.5% | +1.6% | −1.0% | +4.6% | −1.6% |
| 2023 | +4.2% | −2.4% | +2.5% | +0.8% | +0.3% | +4.8% | +2.6% | −1.8% | −3.7% | −1.3% | +7.0% | +4.0% |
| 2022 | — | — | — | — | — | — | — | — | — | +4.1% | +4.0% | −5.4% |
FEQZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 10.78%
- 3-year Sharpe ratio: 0.95 (vs 4.5% risk-free rate)
- Best month: +8.69% (Apr 2026)
- Worst month: −4.07% (Apr 2024)
FEQZX Fund Flows
Monthly money in and out of Fidelity Hedged Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $264.8M
- 12-month gross sales (incl. reinvestments): $560.0M
- Sales ÷ redemptions: 1.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $37.8M | $18.7M | $19.1M |
| Jun 2026 | $68.1M | $14.6M | $53.5M |
| May 2026 | $54.1M | $71.0M | −$16.9M |
| Apr 2026 | $24.6M | $63.4M | −$38.9M |
| Mar 2026 | $31.8M | $25.0M | $6.8M |
| Feb 2026 | $61.1M | $17.6M | $43.5M |
| Jan 2026 | $47.9M | $10.5M | $37.4M |
| Dec 2025 | $72.0M | $6.1M | $65.9M |
| Nov 2025 | $52.6M | $4.8M | $47.9M |
| Oct 2025 | $40.1M | $7.1M | $33.1M |
| Sep 2025 | $33.3M | $5.3M | $28.1M |
| Aug 2025 | $36.5M | $51.1M | −$14.6M |
FEQZX Assets Under Management
Net assets of Fidelity Hedged Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $767.42M |
| 2026-04-30 | $692.48M |
| 2026-01-31 | $661.11M |
| 2025-10-31 | $511.92M |
| 2025-07-31 | $434.68M |
| 2025-04-30 | $393.22M |
| 2025-01-31 | $289.46M |
| 2024-10-31 | $326.75M |
| 2024-07-31 | $244.32M |
| 2024-04-30 | $234.07M |
| 2024-01-31 | $223.90M |
| 2023-10-31 | $203.65M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.