EFAS vs. FDHY

Last updated Aug 2, 2026

EFAS (Global X MSCI SuperDividend® EAFE ETF) and FDHY (Fidelity Enhanced High Yield ETF) are both exchange-traded funds - EFAS is a Dividend fund tracking the MSCI EAFE Top 50 Dividend Index, while FDHY is a High Yield Bonds fund actively managed by Fidelity. EFAS is passively managed, while FDHY is actively managed. Over the past 5 years, EFAS returned 14.43%/yr vs 3.74%/yr for FDHY. Their 0.46 correlation means their historical movements had little consistent relationship. EFAS charges 0.55%/yr vs 0.35%/yr for FDHY.

Performance

EFAS vs. FDHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI SuperDividend® EAFE ETF (EFAS) and Fidelity Enhanced High Yield ETF (FDHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFAS achieves a 20.56% return, which is significantly higher than FDHY's 2.61% return.

EFAS

• 1D: -0.90%
• 1M: 6.31%
• 6M: 14.73%
• YTD: 20.56%
• 1Y: 32.01%
• 3Y*: 25.41%
• 5Y*: 14.43%
• 10Y*: —
• ALL TIME*: 10.80%

FDHY

• 1D: 0.06%
• 1M: -0.17%
• 6M: 1.67%
• YTD: 2.61%
• 1Y: 6.85%
• 3Y*: 8.43%
• 5Y*: 3.74%
• 10Y*: —
• ALL TIME*: 5.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EFAS Global X MSCI SuperDividend® EAFE ETF	$411.25K	$354.75K	$345.09K
FDHY Fidelity Enhanced High Yield ETF	$3.94M	$4.42M	$4.10M

EFAS vs. FDHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EFAS Global X MSCI SuperDividend® EAFE ETF	20.56%	46.83%	3.07%	14.65%	-8.00%	12.75%	-5.42%	14.60%	-11.18%
FDHY Fidelity Enhanced High Yield ETF	2.61%	9.24%	7.53%	11.14%	-11.30%	4.33%	10.71%	16.87%	-2.35%

Correlation

The correlation between EFAS and FDHY is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.48
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.46

The correlation between EFAS and FDHY shifts across timeframes, from 0.35 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EFAS vs. FDHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EFAS

EFAS Risk / Return Rank: 94
EFAS Sharpe Ratio Rank: 96
EFAS Sortino Ratio Rank: 95
EFAS Omega Ratio Rank: 94
EFAS Calmar Ratio Rank: 96
EFAS Martin Ratio Rank: 91

FDHY

FDHY Risk / Return Rank: 86
FDHY Sharpe Ratio Rank: 82
FDHY Sortino Ratio Rank: 86
FDHY Omega Ratio Rank: 86
FDHY Calmar Ratio Rank: 85
FDHY Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFAS vs. FDHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend® EAFE ETF (EFAS) and Fidelity Enhanced High Yield ETF (FDHY). 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.

	EFAS	FDHY	Difference
Sharpe ratio: Return per unit of total volatility	2.94	1.90	+1.04
Sortino ratio: Return per unit of downside risk	4.11	2.90	+1.21
Omega ratio: Gain probability vs. loss probability	1.52	1.38	+0.14
Calmar ratio: Return relative to maximum drawdown	6.07	3.22	+2.86
Martin ratio: Return relative to average drawdown	14.92	13.30	+1.62

EFAS vs. FDHY - Sharpe Ratio Comparison

The current EFAS Sharpe Ratio is 2.94, which is higher than the FDHY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of EFAS and FDHY, 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

EFAS vs. FDHY - Drawdown Comparison

The maximum EFAS drawdown since its inception was -44.38%, which is greater than FDHY's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for EFAS and FDHY.

Drawdown Indicators

	EFAS	FDHY	Difference
Max Drawdown Largest peak-to-trough decline	-44.38%	-20.01%	-24.37%
Max Drawdown (1Y) Largest decline over 1 year	-5.30%	-2.12%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-11.84%	-5.26%	-6.58%
Max Drawdown (5Y) Largest decline over 5 years	-28.81%	-16.38%	-12.43%
Current Drawdown Current decline from peak	-0.90%	-0.36%	-0.54%
Average Drawdown Average peak-to-trough decline	-6.99%	-2.82%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	0.51%	+1.64%

Volatility

EFAS vs. FDHY - Volatility Comparison

Global X MSCI SuperDividend® EAFE ETF (EFAS) has a higher volatility of 2.71% compared to Fidelity Enhanced High Yield ETF (FDHY) at 0.81%. This indicates that EFAS's price experiences larger fluctuations and is considered to be riskier than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFAS	FDHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	0.81%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	8.68%	2.84%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	10.95%	3.59%	+7.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	7.13%	+8.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	7.98%	+10.25%

EFAS vs. FDHY - Expense Ratio Comparison

EFAS has a 0.55% expense ratio, which is higher than FDHY's 0.35% expense ratio.

Dividends

EFAS vs. FDHY - Dividend Comparison

EFAS's dividend yield for the trailing twelve months is around 4.52%, less than FDHY's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EFAS Global X MSCI SuperDividend® EAFE ETF	4.52%	4.83%	6.76%	6.33%	7.28%	5.19%	4.34%	5.75%	6.63%	6.15%	0.21%
FDHY Fidelity Enhanced High Yield ETF	6.54%	6.56%	6.58%	6.26%	5.34%	6.09%	5.78%	4.94%	2.55%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EFAS and FDHY in my portfolio?

EFAS and FDHY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFAS or FDHY?

EFAS has higher volatility (2.71%) compared to FDHY (0.81%). In terms of maximum drawdown, EFAS dropped -44.38% vs FDHY's -20.01%.

Which ETF is better, EFAS or FDHY?

On 5-year performance, EFAS leads with 14.43% vs 3.74% for FDHY. On fees, FDHY is cheaper at 0.35% per year. On volatility, FDHY has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFAS or FDHY?

Over the 5-year period, EFAS has performed better with a 14.43% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFAS or FDHY?

FDHY is cheaper with a 0.35% expense ratio, compared with 0.55% for EFAS.

Which ETF pays a higher dividend yield, EFAS or FDHY?

FDHY has the higher dividend yield at 6.54%, compared with 4.52% for EFAS.

What is the main difference between EFAS and FDHY?

EFAS is categorized as Dividend, while FDHY is High Yield Bonds. They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.55% for EFAS and 0.35% for FDHY.

Which has better risk-adjusted returns?

EFAS currently has the higher Sharpe Ratio (2.94 vs 1.90), 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.