KYLD vs. FYEE

Last updated Jul 14, 2026

KYLD (Kurv High Income ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. KYLD charges 1.00%/yr vs 0.28%/yr for FYEE.

Performance

KYLD vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv High Income ETF (KYLD) 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, KYLD achieves a 16.05% return, which is significantly higher than FYEE's 7.89% return.

KYLD

• 1D: -2.30%
• 1M: -0.42%
• 6M: 8.87%
• YTD: 16.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: -0.51%
• 1M: 2.45%
• 6M: 6.66%
• YTD: 7.89%
• 1Y: 21.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KYLD vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025
KYLD Kurv High Income ETF	16.05%	-11.41%
FYEE Fidelity Yield Enhanced Equity ETF	7.89%	2.71%

Correlation

The correlation between KYLD and FYEE is 0.72, 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 Oct 31, 2025	0.72

Return for Risk

KYLD vs. FYEE — Risk / Return Rank

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

KYLD

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

FYEE

FYEE Risk / Return Rank: 81
FYEE Sharpe Ratio Rank: 82
FYEE Sortino Ratio Rank: 80
FYEE Omega Ratio Rank: 86
FYEE Calmar Ratio Rank: 72
FYEE Martin Ratio Rank: 86

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.

KYLD vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv High Income ETF (KYLD) 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.

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.

	KYLD	FYEE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	2.80	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	2.92	—
Martin ratio: Return relative to average drawdown	—	14.07	—

Drawdowns

KYLD vs. FYEE - Drawdown Comparison

The maximum KYLD drawdown since its inception was -21.14%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for KYLD and FYEE.

Drawdown Indicators

	KYLD	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-21.14%	-18.79%	-2.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.39%	—
Current Drawdown Current decline from peak	-5.97%	-0.51%	-5.46%
Average Drawdown Average peak-to-trough decline	-8.00%	-2.20%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	KYLD	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.69%	10.40%	+22.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	13.83%	+18.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.69%	13.83%	+18.86%

KYLD vs. FYEE - Expense Ratio Comparison

KYLD has a 1.00% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

KYLD vs. FYEE - Dividend Comparison

KYLD's dividend yield for the trailing twelve months is around 20.10%, more than FYEE's 8.42% yield.

Position	TTM	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	8.42%	7.08%	5.45%
KYLD Kurv High Income ETF	20.10%	6.14%	0.00%

Frequently Asked Questions

Can I hold both KYLD and FYEE in my portfolio?

KYLD and FYEE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KYLD 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, KYLD or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 1.00% for KYLD.

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

KYLD has the higher dividend yield at 20.10%, compared with 8.42% for FYEE.

What is the main difference between KYLD and FYEE?

They also come from different issuers: Kurv and Fidelity. Their fees differ too: 1.00% for KYLD and 0.28% for FYEE.