Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) Performance
FEAC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.9% since Dec 31, 2025
- 1 year
- +15.0% total return
- Since first price
- +31.0% since 2024
FEAC trailing returns vs SPY, QQQ, AGG
| Period | FEAC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.6% | +1.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.1% | +7.7% | +7.8% | +8.4% | −1.5% |
| YTD | +12.9% | +12.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.0% | +14.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 21, 2024 | +31.0% | +28.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FEAC vs SPY
From Nov 21, 2024: FEAC grew to $13,100, SPY to $13,097.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FEAC returns by calendar year
1 of 1 full years positive. Best 2025 (+18.0%), worst 2025 (+18.0%). 2026 is year to date.
FEAC annual returns table
| Year | FEAC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.9% | −8.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.0% | −18.9% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FEAC largest drawdowns
Now 4.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 5, 2024 | −19.0% | Apr 8, 2025 | Jun 26, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FEAC risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +15.4% |
| Volatility (annualized) | 12.8% |
| Sharpe ratio | 0.88 |
| Sortino ratio | 1.66 |
| Best month | +10.3% |
| Worst month | −5.5% |
| Best 12 months | +31.3% |
| Worst 12 months | +13.3% |
| Positive months | 64% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FEAC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +13.3% | +18.3% | +31.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
FEAC performance overview
Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) returned +15.0% over the past year, with distributions reinvested. Since its first recorded price on Nov 21, 2024 it has returned +31.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.0%, from Dec 5, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 12.8% a year.
Related: FEAC chart, FEAC holdings, FEAC dividends, FEAC valuation. See the FEAC overview for the latest quote and fund facts.
FEAC performance FAQ
What is the FEAC return over the past year?
FEAC returned +15.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.0%.
How much would $10,000 invested in FEAC be worth?
$10,000 invested in FEAC at its first recorded close on November 21, 2024 would be worth about $13,100 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of FEAC?
The largest peak-to-trough decline was −19.0% between December 5, 2024 and April 8, 2025. It recovered to the old high on June 26, 2025, 3 months after the bottom.
How volatile is FEAC?
Over the past history FEAC had an annualized volatility of 12.8% and a Sharpe ratio of 0.88 (excess return over 1–3 month T-bills per unit of risk).