21 sampling points were set in the West Lake of Hengshui Lake including 20 fish ponds and 1 natural pond to analyze the contents distribution of heavy metal elements including Cr, Zn, Pb, Cu, Cd, Hg, As, and Sb in sediment. The degree of heavy metal pollution was evaluated by the geoaccumulation index (Igeo) method. The results showed that the concentrations of Cr, Zn, Pb, Cu, Cd, and Hg at in all sampling points of the fish ponds were lower than soil risk screening values of agricultural land in soil environmental quality: risk control standard for soil contamination of agricultural land (trial) (GB 15618-2018). The concentrations of As at 5 sampling points were higher than soil risk screening values and lower than soil risk control values of agricultural land in GB 15618-2018. The concentrations of Sb were lower than soil risk screening values of construction land in soil environmental quality: risk control standard for soil contamination of development land (trial) (GB 36600-2018). The evaluation results of the geoaccumulation index method showed that the pollution degrees of Cd, Pb, and Hg were moderately contaminated in general, the pollution degree of Cu was uncontaminated to moderately contaminated in general, the pollution degrees of Cr and As were uncontaminated to moderately contaminated in some sampling points, and Zn and Sb could be regarded as uncontaminated in sediment of the fish ponds in the West Lake of Hengshui Lake. Otherwise, the average contents of other heavy metal elements in sediment of the fish ponds in the West Lake of Hengshui Lake were higher than the background value of soil in Hebei Province (BVSH) except for Zn and Sb. The average contents of seven heavy metal elements in sediment of the natural pond in the West Lake of Hengshui Lake were lower than BVSH except for Cr. The result can be regarded as no pollution in the natural pond because the values of Igeo were all lower than 0. The heavy metal pollution in the sediment of the West Lake of Hengshui Lake may be due to the introduction of feeding. The water environment of the West Lake of Hengshui Lake can be effectively improved by cleaning up the sediment of fish ponds and “returning fishing to wetland.”