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 71 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% | 2.60B | Jul 2023 | FDHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.10B | Jun 2012 | FDHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.69B | Sep 2025 | FDHY vs NHYB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.80M | Sep 2016 | FDHY vs BBHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.49B | Dec 2016 | FDHY vs HYLB |
Best Risk-Adjusted Alternatives to FDHY
FDHY has a PortfoliosLab risk / return rank of 77. There are 13 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 962.59M | Aug 2018 | FDHY vs BSJQ | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 85 | 9.36M | Nov 2024 | FDHY vs LDRH | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 84 | 239.72M | Dec 2013 | FDHY vs HYZD | |
| Pacific Global Senior Loan ETF | 84 | 624.90M | Feb 2015 | FDHY vs FLRT | |
| iShares iBonds 2027 Term High Yield and Income ETF | 82 | 500.53M | Jul 2021 | FDHY vs IBHG |
Top Performing FDHY Alternatives (YTD)
FDHY is at 2.43% YTD. There are 13 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 14.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 14.24% | — | Aug 2025 | FDHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.28% | 522.05M | May 2012 | FDHY vs HYEM | |
| Man Active High Yield ETF | 4.09% | 19.82M | Sep 2025 | FDHY vs MHY | |
| ProShares High Yield-Interest Rate Hedged | 3.86% | 174.87M | May 2013 | FDHY vs HYHG | |
| Fidelity Sustainable High Yield ETF | 3.40% | 125.35M | Feb 2022 | FDHY vs FSYD |
Lowest Volatility Alternatives to FDHY
FDHY has 3.57% 1-year volatility. There are 46 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | FDHY vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.36% | 962.59M | Aug 2018 | FDHY vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.59% | 624.90M | Feb 2015 | FDHY vs FLRT | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 2.08% | 847.56M | Sep 2019 | FDHY vs BSJR | |
| iShares iBonds 2027 Term High Yield and Income ETF | 2.09% | 500.53M | Jul 2021 | FDHY vs IBHG |
Lowest Drawdown Alternatives to FDHY
FDHY has a 1-year max drawdown of -2.12%. There are 25 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 962.59M | Aug 2018 | FDHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 500.53M | Jul 2021 | FDHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 847.56M | Sep 2019 | FDHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 452.61M | Mar 2022 | FDHY vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 9.36M | Nov 2024 | FDHY vs LDRH |
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 | 60 | 23.56% | 21.38B | Oct 2013 | FDHY vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 64 | 8.39% | 9.77B | Sep 2016 | FDHY vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -28.83% | 13.40B | Jan 2024 | FDHY vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 35 | 0.72% | 26.06B | Oct 2014 | FDHY vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 54 | 10.75% | 10.92B | Sep 2003 | FDHY vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 46 | 10.08% | 6.91B | Jun 2020 | FDHY vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 61 | 8.65% | 7.64B | Apr 2007 | FDHY vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 28 | 6.83% | 2.35B | Oct 2013 | FDHY vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 6 | -44.11% | 994.18M | Jul 2024 | FDHY vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 32 | 2.26% | 5.76B | 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