MEMY vs. FYEE

Last updated Jun 4, 2026

MEMY (Tuttle Capital Meme Stock Income Blast ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. MEMY charges 0.99%/yr vs 0.28%/yr for FYEE.

Performance

MEMY vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Meme Stock Income Blast ETF (MEMY) and Fidelity Yield Enhanced Equity ETF (FYEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MEMY

• 1D: -3.26%
• 1M: 23.40%
• YTD: —
• 6M: —
• 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)

MEMY vs. FYEE - Yearly Performance Comparison

	2026 (YTD)
MEMY Tuttle Capital Meme Stock Income Blast ETF	8.83%
FYEE Fidelity Yield Enhanced Equity ETF	8.20%

Correlation

The correlation between MEMY and FYEE is 0.59, 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 Jan 21, 2026	0.59

Return for Risk

MEMY 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.

MEMY vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Meme Stock Income Blast ETF (MEMY) 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

	MEMY	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	0.48	1.24	-0.76

Drawdowns

MEMY vs. FYEE - Drawdown Comparison

The maximum MEMY drawdown since its inception was -27.32%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for MEMY and FYEE.

Drawdown Indicators

	MEMY	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-27.32%	-18.79%	-8.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.39%	—
Current Drawdown Current decline from peak	-3.26%	-0.30%	-2.96%
Average Drawdown Average peak-to-trough decline	-13.23%	-2.25%	-10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.44%	—

Volatility

Volatility by Period

	MEMY	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	53.62%	9.64%	+43.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.62%	13.84%	+39.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.62%	13.84%	+39.78%

MEMY vs. FYEE - Expense Ratio Comparison

MEMY has a 0.99% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

MEMY vs. FYEE - Dividend Comparison

MEMY's dividend yield for the trailing twelve months is around 5.23%, less than FYEE's 7.57% yield.

Position	TTM	2025	2024
FYEE Fidelity Yield Enhanced Equity ETF	7.57%	7.08%	5.45%
MEMY Tuttle Capital Meme Stock Income Blast ETF	5.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEMY and FYEE in my portfolio?

MEMY and FYEE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEMY 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, MEMY or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for MEMY.

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

FYEE has the higher dividend yield at 7.57%, compared with 5.23% for MEMY.

What is the main difference between MEMY and FYEE?

They also come from different issuers: Tuttle and Fidelity. Their fees differ too: 0.99% for MEMY and 0.28% for FYEE.