Fidelity Yield Enhanced Equity ETF (FYEE) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FYEE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FYEE
FYEE charges 0.28% annually. There are 3 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | FYEE vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | FYEE vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | FYEE vs IVVW | |
| Parametric Equity Premium Income ETF | 0.29% | 438.36M | Oct 2023 | FYEE vs PAPI | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | FYEE vs QQA |
Best Risk-Adjusted Alternatives to FYEE
FYEE has a PortfoliosLab risk / return rank of 89. There are 15 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | FYEE vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | FYEE vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | FYEE vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | FYEE vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | FYEE vs RYLD |
Top Performing FYEE Alternatives (YTD)
FYEE is at 10.06% YTD. There are 88 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | FYEE vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | FYEE vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | FYEE vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | FYEE vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | FYEE vs SOXY |
Lowest Volatility Alternatives to FYEE
FYEE has 10.65% 1-year volatility. There are 53 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | FYEE vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | FYEE vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | FYEE vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | FYEE vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | FYEE vs HYTI |
Lowest Drawdown Alternatives to FYEE
FYEE has a 1-year max drawdown of -7.39%. There are 46 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | FYEE vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | FYEE vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | FYEE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | FYEE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FYEE vs THTA |
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 $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 61 | 22.53% | 20.96B | Oct 2013 | FYEE vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 82 | 13.00% | 9.74B | Sep 2016 | FYEE vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -27.08% | 10.22B | Jan 2024 | FYEE vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 26 | -0.08% | 26.62B | Oct 2014 | FYEE vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 60 | 12.39% | 10.69B | Sep 2003 | FYEE vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 46 | 11.42% | 6.97B | Jun 2020 | FYEE vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 84 | 13.57% | 7.88B | Apr 2007 | FYEE vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.95% | 2.35B | Oct 2013 | FYEE vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 4 | -37.15% | 750.93M | Jul 2024 | FYEE vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 35 | 4.21% | 5.65B | Nov 2023 | FYEE vs FELG |
Often Compared With FYEE
Investors most often compare FYEE with JEPI, SCHD, JEPQ. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FYEE with Any Fund or Stock
Compare FYEE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FYEE with funds that move differently
Fidelity Yield Enhanced Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FYEE.
Explore FYEE Diversifiers