FYEE vs. BALI

Last updated Jun 24, 2026

FYEE (Fidelity Yield Enhanced Equity ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FYEE returned 21.06% vs 22.98% for BALI. Their correlation of 0.91 suggests significant overlap in exposure. FYEE charges 0.28%/yr vs 0.35%/yr for BALI.

Performance

FYEE vs. BALI - Performance Comparison

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

Returns By Period

In the year-to-date period, FYEE achieves a 5.23% return, which is significantly lower than BALI's 8.90% return.

FYEE

• 1D: -1.18%
• 1M: -0.71%
• YTD: 5.23%
• 6M: 4.69%
• 1Y: 21.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALI

• 1D: -1.07%
• 1M: -1.38%
• YTD: 8.90%
• 6M: 8.29%
• 1Y: 22.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FYEE vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	5.23%	15.76%	13.66%
BALI Blackrock Advantage Large Cap Income ETF	8.90%	14.51%	13.24%

Correlation

The correlation between FYEE and BALI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	0.91

The correlation between FYEE and BALI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

FYEE vs. BALI — Risk / Return Rank

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

FYEE

FYEE Risk / Return Rank: 68
FYEE Sharpe Ratio Rank: 66
FYEE Sortino Ratio Rank: 62
FYEE Omega Ratio Rank: 74
FYEE Calmar Ratio Rank: 61
FYEE Martin Ratio Rank: 77

BALI

BALI Risk / Return Rank: 74
BALI Sharpe Ratio Rank: 72
BALI Sortino Ratio Rank: 70
BALI Omega Ratio Rank: 73
BALI Calmar Ratio Rank: 71
BALI 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.

FYEE vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	FYEE	BALI	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.21	-0.15
Sortino ratio: Return per unit of downside risk	2.76	3.03	-0.27
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	2.86	3.44	-0.58
Martin ratio: Return relative to average drawdown	14.01	16.45	-2.43

FYEE vs. BALI - Sharpe Ratio Comparison

The current FYEE Sharpe Ratio is 2.06, which is comparable to the BALI Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FYEE and BALI, 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

FYEE vs. BALI - Drawdown Comparison

The maximum FYEE drawdown since its inception was -18.79%, which is greater than BALI's maximum drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for FYEE and BALI.

Drawdown Indicators

	FYEE	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-16.65%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-6.71%	-0.68%
Current Drawdown Current decline from peak	-1.97%	-2.49%	+0.52%
Average Drawdown Average peak-to-trough decline	-2.23%	-1.63%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.40%	+0.11%

Volatility

FYEE vs. BALI - Volatility Comparison

Fidelity Yield Enhanced Equity ETF (FYEE) and Blackrock Advantage Large Cap Income ETF (BALI) have volatilities of 4.15% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYEE	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.07%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	8.30%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	10.49%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	13.02%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	13.02%	+0.91%

FYEE vs. BALI - Expense Ratio Comparison

FYEE has a 0.28% expense ratio, which is lower than BALI's 0.35% expense ratio.

Dividends

FYEE vs. BALI - Dividend Comparison

FYEE's dividend yield for the trailing twelve months is around 8.63%, more than BALI's 7.83% yield.

Position	TTM	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	7.83%	8.51%	7.13%	2.13%
FYEE Fidelity Yield Enhanced Equity ETF	8.63%	7.08%	5.45%	0.00%

Frequently Asked Questions

Can I hold both FYEE and BALI in my portfolio?

With a correlation of 0.91, FYEE and BALI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FYEE or BALI?

FYEE has higher volatility (4.15%) compared to BALI (4.07%). In terms of maximum drawdown, FYEE dropped -18.79% vs BALI's -16.65%.

Which ETF is better, FYEE or BALI?

On 1-year performance, BALI leads with 22.98% vs 21.06% for FYEE. On fees, FYEE is cheaper at 0.28% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYEE or BALI?

Over the 1-year period, BALI has performed better with a 22.98% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYEE or BALI?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.35% for BALI.

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

FYEE has the higher dividend yield at 8.63%, compared with 7.83% for BALI.

What is the main difference between FYEE and BALI?

They also come from different issuers: Fidelity and BlackRock. Their fees differ too: 0.28% for FYEE and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.21 vs 2.06), 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.