COIW vs. FYEE

Last updated Jun 26, 2026

COIW (COIN WeeklyPay™ ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. Over the past year, COIW returned -69.57% vs 19.45% for FYEE. A 0.58 correlation means they provide meaningful diversification when combined. COIW charges 0.99%/yr vs 0.28%/yr for FYEE.

Performance

COIW vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COIN WeeklyPay™ ETF (COIW) and Fidelity Yield Enhanced Equity ETF (FYEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIW achieves a -44.80% return, which is significantly lower than FYEE's 4.90% return.

COIW

• 1D: -6.25%
• 1M: -25.28%
• YTD: -44.80%
• 6M: -48.64%
• 1Y: -69.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: -0.18%
• 1M: -1.49%
• YTD: 4.90%
• 6M: 4.21%
• 1Y: 19.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COIW vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-44.80%	-25.92%
FYEE Fidelity Yield Enhanced Equity ETF	4.90%	11.55%

Correlation

The correlation between COIW and FYEE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.58

The correlation between COIW and FYEE has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Return for Risk

COIW vs. FYEE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COIW

COIW Risk / Return Rank: 2
COIW Sharpe Ratio Rank: 3
COIW Sortino Ratio Rank: 2
COIW Omega Ratio Rank: 2
COIW Calmar Ratio Rank: 1
COIW Martin Ratio Rank: 2

FYEE

FYEE Risk / Return Rank: 69
FYEE Sharpe Ratio Rank: 68
FYEE Sortino Ratio Rank: 64
FYEE Omega Ratio Rank: 74
FYEE Calmar Ratio Rank: 62
FYEE Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COIW vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) and Fidelity Yield Enhanced Equity ETF (FYEE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	COIW	FYEE	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	1.91	-2.76
Sortino ratio: Return per unit of downside risk	-1.46	2.57	-4.03
Omega ratio: Gain probability vs. loss probability	0.84	1.38	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.93	2.64	-3.57
Martin ratio: Return relative to average drawdown	-1.40	12.84	-14.24

COIW vs. FYEE - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.85, which is lower than the FYEE Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of COIW and FYEE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COIW vs. FYEE - Drawdown Comparison

The maximum COIW drawdown since its inception was -75.01%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for COIW and FYEE.

Drawdown Indicators

	COIW	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-75.01%	-18.79%	-56.22%
Max Drawdown (1Y) Largest decline over 1 year	-75.01%	-7.39%	-67.62%
Current Drawdown Current decline from peak	-75.01%	-2.28%	-72.73%
Average Drawdown Average peak-to-trough decline	-39.52%	-2.23%	-37.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.83%	1.52%	+48.31%

Volatility

COIW vs. FYEE - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 23.13% compared to Fidelity Yield Enhanced Equity ETF (FYEE) at 4.09%. This indicates that COIW's price experiences larger fluctuations and is considered to be riskier than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIW	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.13%	4.09%	+19.04%
Volatility (6M) Calculated over the trailing 6-month period	63.51%	8.09%	+55.42%
Volatility (1Y) Calculated over the trailing 1-year period	82.07%	10.24%	+71.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.41%	13.91%	+76.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.41%	13.91%	+76.50%

COIW vs. FYEE - Expense Ratio Comparison

COIW has a 0.99% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

COIW vs. FYEE - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 270.96%, more than FYEE's 8.66% yield.

Position	TTM	2025	2024
COIW COIN WeeklyPay™ ETF	270.96%	120.37%	0.00%
FYEE Fidelity Yield Enhanced Equity ETF	8.66%	7.08%	5.45%

Frequently Asked Questions

Can I hold both COIW and FYEE in my portfolio?

COIW and FYEE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or FYEE?

COIW has higher volatility (23.13%) compared to FYEE (4.09%). In terms of maximum drawdown, COIW dropped -75.01% vs FYEE's -18.79%.

Which ETF is better, COIW or FYEE?

On 1-year performance, FYEE leads with 19.45% vs -69.57% for COIW. On fees, FYEE is cheaper at 0.28% per year. On volatility, FYEE has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or FYEE?

Over the 1-year period, FYEE has performed better with a 19.45% return vs -69.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for COIW.

Which ETF pays a higher dividend yield, COIW or FYEE?

COIW has the higher dividend yield at 270.96%, compared with 8.66% for FYEE.

What is the main difference between COIW and FYEE?

They also come from different issuers: Roundhill and Fidelity. Their fees differ too: 0.99% for COIW and 0.28% for FYEE.

Which has better risk-adjusted returns?

FYEE currently has the higher Sharpe Ratio (1.91 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.