FGSI vs. FYEE

Last updated Jun 4, 2026

FGSI (First Trust Vest Growth Strength & Target Income ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. FGSI charges 0.85%/yr vs 0.28%/yr for FYEE.

Performance

FGSI vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Vest Growth Strength & Target Income ETF (FGSI) 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, FGSI achieves a 4.99% return, which is significantly lower than FYEE's 7.03% return.

FGSI

• 1D: -0.54%
• 1M: 3.18%
• YTD: 4.99%
• 6M: 5.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: -0.30%
• 1M: 3.22%
• YTD: 7.03%
• 6M: 8.52%
• 1Y: 24.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGSI vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025
FGSI First Trust Vest Growth Strength & Target Income ETF	4.99%	4.53%
FYEE Fidelity Yield Enhanced Equity ETF	7.03%	13.43%

Correlation

The correlation between FGSI and FYEE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.75

Return for Risk

FGSI vs. FYEE — Risk / Return Rank

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

FYEE

FYEE Risk / Return Rank: 77
FYEE Sharpe Ratio Rank: 78
FYEE Sortino Ratio Rank: 76
FYEE Omega Ratio Rank: 84
FYEE Calmar Ratio Rank: 66
FYEE Martin Ratio Rank: 83

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.

FGSI vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Vest Growth Strength & Target Income ETF (FGSI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FGSI	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.24	-0.40

Drawdowns

FGSI vs. FYEE - Drawdown Comparison

The maximum FGSI drawdown since its inception was -8.25%, smaller than the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for FGSI and FYEE.

Drawdown Indicators

	FGSI	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-8.25%	-18.79%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.39%	—
Current Drawdown Current decline from peak	-1.50%	-0.30%	-1.20%
Average Drawdown Average peak-to-trough decline	-1.91%	-2.25%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.44%	—

Volatility

Volatility by Period

	FGSI	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	9.64%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.43%	13.84%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.43%	13.84%	-1.41%

FGSI vs. FYEE - Expense Ratio Comparison

FGSI has a 0.85% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

FGSI vs. FYEE - Dividend Comparison

FGSI's dividend yield for the trailing twelve months is around 7.57%, which matches FYEE's 7.57% yield.

Position	TTM	2025	2024
FGSI First Trust Vest Growth Strength & Target Income ETF	7.57%	4.20%	0.00%
FYEE Fidelity Yield Enhanced Equity ETF	7.57%	7.08%	5.45%

Frequently Asked Questions

Can I hold both FGSI and FYEE in my portfolio?

FGSI and FYEE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGSI or FYEE?

On fees, FYEE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGSI or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.85% for FGSI.

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

FGSI and FYEE have nearly identical dividend yields, around 7.57%.

What is the main difference between FGSI and FYEE?

They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.85% for FGSI and 0.28% for FYEE.