- ISIN
- US3160926180
- CUSIP
- 316092618
- Issuer
- Fidelity
- Inception Date
- Jun 12, 2018
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $536M
Highlights
- Avg. Volume (1M)
- 89K
- Avg. Volume Value (1M)
- $4.35M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FDHY Performance Chart
Fidelity Enhanced High Yield ETF (FDHY) is up 2.6% since the beginning of the year. FDHY is currently trading at $49 per share. Investors who bought $1,000 worth of FDHY shares 5 years ago would now be looking at an investment worth $1,201.
Loading charts...
Compare this symbol against anything
Returns By Period
Fidelity Enhanced High Yield ETF (FDHY) has returned 2.55% so far this year and 6.83% over the past 12 months.
Fidelity Enhanced High Yield ETF
- 1D
- 0.20%
- 1M
- -0.09%
- 6M
- 1.93%
- YTD
- 2.55%
- 1Y
- 6.83%
- 3Y*
- 8.28%
- 5Y*
- 3.73%
- 10Y*
- —
- ALL TIME*
- 5.67%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
FDHY Monthly Returns History
Based on dividend-adjusted daily data since Jun 14, 2018, FDHY's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 66% of months were positive and 34% were negative. The best month was Jul 2022 with a return of +6.0%, while the worst month was Mar 2020 at -10.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FDHY closed higher 54% of trading days. The best single day was Mar 26, 2020 with a return of +3.7%, while the worst single day was Mar 16, 2020 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.93% | 0.02% | -0.97% | 1.87% | 0.48% | 0.32% | -0.09% | 2.55% | |||||
| 2025 | 1.53% | 0.77% | -1.06% | -0.43% | 2.47% | 1.36% | 0.25% | 1.18% | 1.13% | 0.13% | 0.79% | 0.80% | 9.24% |
| 2024 | 0.62% | -0.17% | 1.35% | -0.86% | 1.30% | 0.79% | 2.00% | 1.54% | 1.23% | -1.38% | 1.53% | -0.60% | 7.53% |
| 2023 | 3.29% | -1.92% | 2.83% | 0.17% | -1.63% | 1.61% | 1.09% | 0.24% | -1.48% | -0.99% | 4.61% | 3.03% | 11.14% |
| 2022 | -3.03% | -1.25% | -1.36% | -4.23% | 1.54% | -7.35% | 6.02% | -3.45% | -3.56% | 3.08% | 3.12% | -0.66% | -11.30% |
| 2021 | -0.60% | 0.25% | 0.48% | 0.84% | 0.09% | 1.56% | 0.53% | 0.45% | -0.11% | -0.18% | -1.43% | 2.43% | 4.33% |
Benchmark Metrics
Fidelity Enhanced High Yield ETF has an annualized alpha of 1.68%, beta of 0.30, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since June 14, 2018.
- This ETF participated in 39.16% of S&P 500 Index downside but only 32.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.30 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.68%
- Beta
- 0.30
- R²
- 0.52
- Upside Capture
- 32.93%
- Downside Capture
- 39.16%
Expense Ratio
FDHY has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FDHY ranks 87 for risk / return — above 87% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Enhanced High Yield ETF (FDHY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.86 | +1.36 |
| Martin ratioReturn relative to average drawdown | 13.35 | 7.90 | +5.45 |
Dividends
Dividend History
Fidelity Enhanced High Yield ETF provided a 6.54% dividend yield over the last twelve months, with an annual payout of $3.19 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.19 | $3.24 | $3.18 | $3.00 | $2.46 | $3.32 | $3.22 | $2.63 | $1.23 |
Dividend yield | 6.54% | 6.56% | 6.58% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 2.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Enhanced High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.24 | $0.27 | $0.27 | $0.28 | $0.26 | $0.27 | $0.26 | $1.85 | |||||
| 2025 | $0.27 | $0.25 | $0.29 | $0.27 | $0.26 | $0.28 | $0.27 | $0.27 | $0.25 | $0.26 | $0.25 | $0.30 | $3.24 |
| 2024 | $0.26 | $0.27 | $0.26 | $0.27 | $0.27 | $0.27 | $0.25 | $0.26 | $0.25 | $0.26 | $0.26 | $0.31 | $3.18 |
| 2023 | $0.22 | $0.23 | $0.24 | $0.24 | $0.25 | $0.25 | $0.24 | $0.26 | $0.25 | $0.29 | $0.26 | $0.27 | $3.00 |
| 2022 | $0.18 | $0.20 | $0.19 | $0.20 | $0.20 | $0.20 | $0.21 | $0.20 | $0.22 | $0.22 | $0.22 | $0.23 | $2.46 |
| 2021 | $0.18 | $0.17 | $0.16 | $0.17 | $0.18 | $0.18 | $0.19 | $0.18 | $0.19 | $0.19 | $0.20 | $1.33 | $3.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Enhanced High Yield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Enhanced High Yield ETF was 20.01%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.
The current Fidelity Enhanced High Yield ETF drawdown is 0.42%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-20.01%Mar 2020 | 1mo 3d | 2mo 17d | 3mo 20dFeb 2020 - Jun 2020 | COVID crash2020 |
-16.38%Sep 2022 | 9mo 2d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 | Bear market2022 |
-5.26%Apr 2025 | 1mo 3d | 1mo 5d | 2mo 8dMar 2025 - May 2025 | 2025 selloff2025 |
-5.22%Dec 2018 | 2mo 22d | 1mo 7d | 3mo 29dOct 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
-3.08%Jun 2020 | 2d | 1mo 9d | 1mo 11dJun 2020 - Jul 2020 | — |
Drawdown Indicators
| FDHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.01% | -56.78% | +36.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -9.10% | +6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -18.90% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -25.43% | +9.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.42% | -2.26% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -10.70% | +7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.14% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FDHY
Add Fidelity Enhanced High Yield ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FDHY