Fidelity High Yield Factor ETF (FDHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FDHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FDHY
FDHY charges 0.45% annually. There are 76 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.54B | Jul 2023 | FDHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.10% | 11.07B | Jun 2012 | FDHY vs SPHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | FDHY vs BBHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | FDHY vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | FDHY vs HYLB |
Best Risk-Adjusted Alternatives to FDHY
FDHY has a PortfoliosLab risk / return rank of 79. There are 12 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 97 | 364.90M | May 2019 | FDHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 1.03B | Aug 2018 | FDHY vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 94 | 5.96M | Feb 2022 | FDHY vs XHYE | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 87 | 8.41M | Nov 2024 | FDHY vs LDRH | |
| Pacific Global Senior Loan ETF | 85 | 615.17M | Feb 2015 | FDHY vs FLRT |
Top Performing FDHY Alternatives (YTD)
FDHY is at 2.16% YTD. There are 13 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 15.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 15.40% | — | Aug 2025 | FDHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 3.92% | 510.68M | May 2012 | FDHY vs HYEM | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | FDHY vs XHYE | |
| Fidelity Sustainable High Yield ETF | 3.35% | 112.95M | Feb 2022 | FDHY vs FSYD | |
| ProShares High Yield-Interest Rate Hedged | 2.90% | 173.54M | May 2013 | FDHY vs HYHG |
Lowest Volatility Alternatives to FDHY
FDHY has 3.57% 1-year volatility. There are 50 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | FDHY vs IBHD | |
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | FDHY vs BSJO | |
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | FDHY vs ESHY | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | FDHY vs HYXU | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.78% | 364.90M | May 2019 | FDHY vs IBHE |
Lowest Drawdown Alternatives to FDHY
FDHY has a 1-year max drawdown of -2.12%. There are 27 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.22% | 364.90M | May 2019 | FDHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | FDHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | FDHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | FDHY vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | FDHY vs XHYE |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $26B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 77 | 31.89% | 17.89B | Oct 2013 | FDHY vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 64 | 8.39% | 9.18B | Sep 2016 | FDHY vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -25.34% | 14.17B | Jan 2024 | FDHY vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 40 | 0.50% | 25.56B | Oct 2014 | FDHY vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 68 | 16.16% | 10.01B | Sep 2003 | FDHY vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 57 | 15.59% | 6.21B | Jun 2020 | FDHY vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Growth Equities | 70 | 11.23% | 7.04B | Apr 2007 | FDHY vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 20 | 3.16% | 2.46B | Oct 2013 | FDHY vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 5 | -39.45% | 1.22B | Jul 2024 | FDHY vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 44 | 7.70% | 5.32B | Nov 2023 | FDHY vs FELG |
Often Compared With FDHY
Investors most often compare FDHY with VWEAX, SCHD, EFAS. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FDHY with Any Fund or Stock
Compare FDHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FDHY with funds that move differently
Fidelity High Yield Factor ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FDHY.
Explore FDHY Diversifiers