DIVP vs. FYEE

Last updated Apr 1, 2026

Compare and contrast key facts about Cullen Enhanced Equity Income ETF (DIVP) and Fidelity Yield Enhanced Equity ETF (FYEE).

DIVP and FYEE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVP is an actively managed fund by Cullen. It was launched on Mar 6, 2024. FYEE is an actively managed fund by Fidelity. It was launched on Apr 9, 2024.

Performance

DIVP vs. FYEE - Performance Comparison

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

DIVP vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVP Cullen Enhanced Equity Income ETF	3.87%	7.76%	3.87%
FYEE Fidelity Yield Enhanced Equity ETF	-2.56%	15.76%	13.20%

Returns By Period

In the year-to-date period, DIVP achieves a 3.87% return, which is significantly higher than FYEE's -2.56% return.

DIVP

• 1D: 0.88%
• 1M: -3.84%
• YTD: 3.87%
• 6M: 6.12%
• 1Y: 5.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: 2.88%
• 1M: -3.70%
• YTD: -2.56%
• 6M: 1.84%
• 1Y: 17.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVP vs. FYEE - Expense Ratio Comparison

DIVP has a 0.55% expense ratio, which is higher than FYEE's 0.28% expense ratio.

DIVP

Cullen Enhanced Equity Income ETF

FYEE

Fidelity Yield Enhanced Equity ETF

Return for Risk

DIVP vs. FYEE — Risk / Return Rank

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

DIVP

DIVP Risk / Return Rank: 24
DIVP Sharpe Ratio Rank: 24
DIVP Sortino Ratio Rank: 23
DIVP Omega Ratio Rank: 23
DIVP Calmar Ratio Rank: 26
DIVP Martin Ratio Rank: 25

FYEE

FYEE Risk / Return Rank: 69
FYEE Sharpe Ratio Rank: 63
FYEE Sortino Ratio Rank: 64
FYEE Omega Ratio Rank: 75
FYEE Calmar Ratio Rank: 63
FYEE Martin Ratio Rank: 78

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.

DIVP vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Enhanced Equity Income ETF (DIVP) 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.

	DIVP	FYEE	Difference
Sharpe ratio Return per unit of total volatility	0.41	1.08	-0.67
Sortino ratio Return per unit of downside risk	0.66	1.58	-0.92
Omega ratio Gain probability vs. loss probability	1.09	1.27	-0.18
Calmar ratio Return relative to maximum drawdown	0.60	1.53	-0.93
Martin ratio Return relative to average drawdown	1.98	8.06	-6.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVP vs. FYEE - Sharpe Ratio Comparison

The current DIVP Sharpe Ratio is 0.41, which is lower than the FYEE Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of DIVP and FYEE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIVP	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	1.08	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.93	-0.21

Correlation

The correlation between DIVP and FYEE is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DIVP vs. FYEE - Dividend Comparison

DIVP's dividend yield for the trailing twelve months is around 5.90%, less than FYEE's 8.31% yield.

	TTM	2025	2024
DIVP Cullen Enhanced Equity Income ETF	5.90%	6.06%	5.92%
FYEE Fidelity Yield Enhanced Equity ETF	8.31%	7.08%	5.45%

Drawdowns

DIVP vs. FYEE - Drawdown Comparison

The maximum DIVP drawdown since its inception was -12.26%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for DIVP and FYEE.

Drawdown Indicators

	DIVP	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-12.26%	-18.79%	+6.53%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-11.60%	+0.59%
Current Drawdown Current decline from peak	-4.45%	-4.72%	+0.27%
Average Drawdown Average peak-to-trough decline	-2.44%	-2.40%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	2.20%	+1.25%

Volatility

DIVP vs. FYEE - Volatility Comparison

The current volatility for Cullen Enhanced Equity Income ETF (DIVP) is 3.15%, while Fidelity Yield Enhanced Equity ETF (FYEE) has a volatility of 4.92%. This indicates that DIVP experiences smaller price fluctuations and is considered to be less risky than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVP	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	4.92%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	8.48%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	15.89%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	14.32%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.97%	14.32%	-2.35%