QBY vs. FYEE
QBY (GraniteShares YieldBOOST QBTS ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. QBY charges 1.07%/yr vs 0.28%/yr for FYEE.
Performance
QBY vs. FYEE - Performance Comparison
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Returns By Period
In the year-to-date period, QBY achieves a -26.67% return, which is significantly lower than FYEE's 6.49% return.
QBY
- 1D
- 0.07%
- 1M
- 0.40%
- YTD
- -26.67%
- 6M
- -31.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYEE
- 1D
- -0.03%
- 1M
- 0.47%
- YTD
- 6.49%
- 6M
- 6.43%
- 1Y
- 23.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBY vs. FYEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBY GraniteShares YieldBOOST QBTS ETF | -26.67% | -8.88% |
FYEE Fidelity Yield Enhanced Equity ETF | 6.49% | 3.36% |
Correlation
The correlation between QBY and FYEE is 0.44, 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 25, 2025 | 0.44 |
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Return for Risk
QBY vs. FYEE — Risk / Return Rank
QBY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FYEE
QBY vs. FYEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QBTS ETF (QBY) 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.
| QBY | FYEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.20 | — |
| Martin ratioReturn relative to average drawdown | — | 15.71 | — |
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Drawdowns
QBY vs. FYEE - Drawdown Comparison
The maximum QBY drawdown since its inception was -38.93%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for QBY and FYEE.
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Drawdown Indicators
| QBY | FYEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -18.79% | -20.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.39% | — |
Current DrawdownCurrent decline from peak | -33.71% | -0.81% | -32.90% |
Average DrawdownAverage peak-to-trough decline | -25.96% | -2.23% | -23.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.50% | — |
Volatility
QBY vs. FYEE - Volatility Comparison
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Volatility by Period
| QBY | FYEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.97% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.87% | 10.24% | +21.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 13.92% | +17.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 13.92% | +17.95% |
QBY vs. FYEE - Expense Ratio Comparison
QBY has a 1.07% expense ratio, which is higher than FYEE's 0.28% expense ratio.
Dividends
QBY vs. FYEE - Dividend Comparison
QBY's dividend yield for the trailing twelve months is around 114.26%, more than FYEE's 8.53% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 8.53% | 7.08% | 5.45% |
QBY GraniteShares YieldBOOST QBTS ETF | 114.26% | 15.05% | 0.00% |
Frequently Asked Questions
QBY and FYEE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FYEE is cheaper with a 0.28% expense ratio, compared with 1.07% for QBY.
QBY has the higher dividend yield at 114.26%, compared with 8.53% for FYEE.
They also come from different issuers: GraniteShares and Fidelity. Their fees differ too: 1.07% for QBY and 0.28% for FYEE.
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