- Issuer
- Fidelity
- Inception Date
- Apr 9, 2024
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $185M
Share Price Chart
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Performance
FYEE Performance Chart
Fidelity Yield Enhanced Equity ETF (FYEE) is up 4.8% since the beginning of the year. FYEE is currently trading at $29 per share.
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Returns By Period
Fidelity Yield Enhanced Equity ETF (FYEE) has returned 4.84% so far this year and 21.26% over the past 12 months.
Fidelity Yield Enhanced Equity ETF
- 1D
- -2.28%
- 1M
- 0.27%
- YTD
- 4.84%
- 6M
- 5.77%
- 1Y
- 21.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
FYEE Monthly Returns History
Based on dividend-adjusted daily data since Apr 11, 2024, FYEE's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2026 with a return of +6.2%, while the worst month was Mar 2025 at -4.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FYEE closed higher 63% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Apr 4, 2025 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.64% | -0.45% | -3.70% | 6.16% | 3.47% | -2.05% | 4.84% | ||||||
| 2025 | 2.94% | -1.63% | -4.86% | -1.15% | 3.70% | 3.99% | 1.54% | 2.85% | 3.26% | 2.23% | 0.72% | 1.52% | 15.76% |
| 2024 | -2.48% | 3.51% | 2.84% | 0.91% | 2.04% | 1.85% | 0.61% | 4.88% | -1.45% | 13.20% |
Benchmark Metrics
Fidelity Yield Enhanced Equity ETF has an annualized alpha of 1.60%, beta of 0.80, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since April 12, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.97%) than losses (70.51%) - typical of diversified or defensive assets.
- Alpha
- 1.60%
- Beta
- 0.80
- R²
- 0.87
- Upside Capture
- 77.97%
- Downside Capture
- 70.51%
Expense Ratio
FYEE has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FYEE ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) and compare them to S&P 500 Index.
| FYEE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.69 | +0.33 |
| Martin ratioReturn relative to average drawdown | 15.33 | 12.34 | +2.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Yield Enhanced Equity ETF provided a 7.73% dividend yield over the last twelve months, with an annual payout of $2.26 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.26 | $2.03 | $1.46 |
Dividend yield | 7.73% | 7.08% | 5.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Yield Enhanced Equity 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 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.00 | $0.82 | ||||||
| 2025 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.62 | $2.03 |
| 2024 | $0.45 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.51 | $1.46 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Yield Enhanced Equity 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 Yield Enhanced Equity ETF was 18.79%, occurring on Apr 8, 2025. Recovery took 86 trading sessions.
The current Fidelity Yield Enhanced Equity ETF drawdown is 2.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.79%Apr 2025 | 2mo 10d | 4mo 6d | 6mo 16dJan 2025 - Aug 2025 |
2026 pullback2026 | -7.39%Mar 2026 | 1mo 25d | 17d | 2mo 12dFeb 2026 - Apr 2026 |
2024 pullback2024 | -6.88%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2025 pullback2025 | -3.95%Nov 2025 | 7d | 8d | 15dNov 2025 - Nov 2025 |
2024 pullback2024 | -3.59%Apr 2024 | 7d | 20d | 27dApr 2024 - May 2024 |
Drawdown Indicators
| FYEE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.79% | -56.78% | +37.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -9.10% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.34% | -2.97% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -10.72% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.97% | -0.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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