FYEE vs. SCHD

Last updated Jun 24, 2026

FYEE (Fidelity Yield Enhanced Equity ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - FYEE is a Derivative Income fund actively managed by Fidelity, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. FYEE is actively managed, while SCHD is passively managed. Over the past year, FYEE returned 21.06% vs 24.56% for SCHD. At a 0.43 correlation, their price movements are largely independent. FYEE charges 0.28%/yr vs 0.06%/yr for SCHD.

Performance

FYEE vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Yield Enhanced Equity ETF (FYEE) and Schwab U.S. Dividend Equity ETF (SCHD). 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 SCHD's 17.72% return.

FYEE

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

SCHD

• 1D: 0.41%
• 1M: -2.47%
• YTD: 17.72%
• 6M: 17.25%
• 1Y: 24.56%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 12.72%

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

FYEE vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	5.23%	15.76%	13.66%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	7.96%

Correlation

The correlation between FYEE and SCHD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	0.43

The correlation between FYEE and SCHD shifts across timeframes, from 0.29 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FYEE vs. SCHD — 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

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.23	-0.17
Sortino ratio: Return per unit of downside risk	2.76	3.40	-0.64
Omega ratio: Gain probability vs. loss probability	1.41	1.40	+0.01
Calmar ratio: Return relative to maximum drawdown	2.86	5.35	-2.49
Martin ratio: Return relative to average drawdown	14.01	12.94	+1.08

FYEE vs. SCHD - Sharpe Ratio Comparison

The current FYEE Sharpe Ratio is 2.06, which is comparable to the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of FYEE and SCHD, 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. SCHD - Drawdown Comparison

The maximum FYEE drawdown since its inception was -18.79%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FYEE and SCHD.

Drawdown Indicators

	FYEE	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-33.37%	+14.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-4.61%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-1.97%	-2.47%	+0.50%
Average Drawdown Average peak-to-trough decline	-2.23%	-3.31%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.90%	-0.39%

Volatility

FYEE vs. SCHD - Volatility Comparison

Fidelity Yield Enhanced Equity ETF (FYEE) has a higher volatility of 4.15% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that FYEE's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYEE	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	3.58%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	7.73%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	11.07%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	14.36%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	16.71%	-2.78%

FYEE vs. SCHD - Expense Ratio Comparison

FYEE has a 0.28% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

FYEE vs. SCHD - Dividend Comparison

FYEE's dividend yield for the trailing twelve months is around 8.63%, more than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYEE Fidelity Yield Enhanced Equity ETF	8.63%	7.08%	5.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.30%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both FYEE and SCHD in my portfolio?

FYEE and SCHD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYEE or SCHD?

FYEE has higher volatility (4.15%) compared to SCHD (3.58%). In terms of maximum drawdown, FYEE dropped -18.79% vs SCHD's -33.37%.

Which ETF is better, FYEE or SCHD?

On 1-year performance, SCHD leads with 24.56% vs 21.06% for FYEE. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYEE or SCHD?

Over the 1-year period, SCHD has performed better with a 24.56% 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 SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.28% for FYEE.

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

FYEE has the higher dividend yield at 8.63%, compared with 3.30% for SCHD.

What is the main difference between FYEE and SCHD?

FYEE is categorized as Derivative Income, while SCHD is Dividend. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.28% for FYEE and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 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.