FYEE vs. CWII

Last updated Jun 24, 2026

FYEE (Fidelity Yield Enhanced Equity ETF) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. FYEE charges 0.28%/yr vs 1.03%/yr for CWII.

Performance

FYEE vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Yield Enhanced Equity ETF (FYEE) and REX CRWV Growth & Income ETF (CWII). 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 CWII's 13,199.78% return.

FYEE

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

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,946.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FYEE vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
FYEE Fidelity Yield Enhanced Equity ETF	5.23%	2.01%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between FYEE and CWII is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.39

Return for Risk

FYEE vs. CWII — 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

CWII

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

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. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) and REX CRWV Growth & Income ETF (CWII). 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	CWII	Difference
Sharpe ratio: Return per unit of total volatility	2.06	—	—
Sortino ratio: Return per unit of downside risk	2.76	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.86	—	—
Martin ratio: Return relative to average drawdown	14.01	—	—

Drawdowns

FYEE vs. CWII - Drawdown Comparison

The maximum FYEE drawdown since its inception was -18.79%, smaller than the maximum CWII drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for FYEE and CWII.

Drawdown Indicators

	FYEE	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-51.04%	+32.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	—	—
Current Drawdown Current decline from peak	-1.97%	0.00%	-1.97%
Average Drawdown Average peak-to-trough decline	-2.23%	-33.26%	+31.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	—	—

Volatility

Volatility by Period

	FYEE	CWII	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	13,701.30%	-13,691.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	13,701.30%	-13,687.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	13,701.30%	-13,687.37%

FYEE vs. CWII - Expense Ratio Comparison

FYEE has a 0.28% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

FYEE vs. CWII - Dividend Comparison

FYEE's dividend yield for the trailing twelve months is around 8.63%, less than CWII's 123.26% yield.

Position	TTM	2025	2024
CWII REX CRWV Growth & Income ETF	123.26%	6.09%	0.00%
FYEE Fidelity Yield Enhanced Equity ETF	8.63%	7.08%	5.45%

Frequently Asked Questions

Can I hold both FYEE and CWII in my portfolio?

FYEE and CWII have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FYEE or CWII?

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, FYEE or CWII?

FYEE is cheaper with a 0.28% expense ratio, compared with 1.03% for CWII.

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

CWII has the higher dividend yield at 123.26%, compared with 8.63% for FYEE.

What is the main difference between FYEE and CWII?

They also come from different issuers: Fidelity and REX Shares. Their fees differ too: 0.28% for FYEE and 1.03% for CWII.