TYLG vs. FYEE

Last updated Jun 4, 2026

TYLG (Global X Information Technology Covered Call & Growth ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. TYLG is passively managed, while FYEE is actively managed. Over the past year, TYLG returned 48.51% vs 24.64% for FYEE. Their correlation of 0.83 suggests significant overlap in exposure. TYLG charges 0.60%/yr vs 0.28%/yr for FYEE.

Performance

TYLG vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Information Technology Covered Call & Growth ETF (TYLG) 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, TYLG achieves a 24.03% return, which is significantly higher than FYEE's 7.03% return.

TYLG

• 1D: -0.43%
• 1M: 12.68%
• YTD: 24.03%
• 6M: 25.00%
• 1Y: 48.51%
• 3Y*: 24.91%
• 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)

TYLG vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYLG Global X Information Technology Covered Call & Growth ETF	24.03%	16.84%	11.78%
FYEE Fidelity Yield Enhanced Equity ETF	7.03%	15.76%	13.20%

Correlation

The correlation between TYLG and FYEE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024	0.83

The correlation between TYLG and FYEE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

TYLG vs. FYEE — Risk / Return Rank

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

TYLG

TYLG Risk / Return Rank: 88
TYLG Sharpe Ratio Rank: 90
TYLG Sortino Ratio Rank: 87
TYLG Omega Ratio Rank: 87
TYLG Calmar Ratio Rank: 86
TYLG Martin Ratio Rank: 88

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.

TYLG vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) 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.

	TYLG	FYEE	Difference
Sharpe ratio: Return per unit of total volatility	3.14	2.57	+0.57
Sortino ratio: Return per unit of downside risk	4.01	3.47	+0.54
Omega ratio: Gain probability vs. loss probability	1.55	1.52	+0.03
Calmar ratio: Return relative to maximum drawdown	4.83	3.35	+1.48
Martin ratio: Return relative to average drawdown	19.36	17.14	+2.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYLG vs. FYEE - Sharpe Ratio Comparison

The current TYLG Sharpe Ratio is 3.14, which is comparable to the FYEE Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of TYLG and FYEE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TYLG	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	2.57	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	1.24	+0.22

Drawdowns

TYLG vs. FYEE - Drawdown Comparison

The maximum TYLG drawdown since its inception was -24.01%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for TYLG and FYEE.

Drawdown Indicators

	TYLG	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-18.79%	-5.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-7.39%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-24.01%	—	—
Current Drawdown Current decline from peak	-0.43%	-0.30%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.73%	-2.25%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.44%	+1.07%

Volatility

TYLG vs. FYEE - Volatility Comparison

Global X Information Technology Covered Call & Growth ETF (TYLG) has a higher volatility of 4.45% compared to Fidelity Yield Enhanced Equity ETF (FYEE) at 1.43%. This indicates that TYLG's price experiences larger fluctuations and is considered to be riskier than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYLG	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	1.43%	+3.02%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	7.26%	+5.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	9.64%	+5.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	13.84%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	13.84%	+5.33%

TYLG vs. FYEE - Expense Ratio Comparison

TYLG has a 0.60% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

TYLG vs. FYEE - Dividend Comparison

TYLG's dividend yield for the trailing twelve months is around 7.47%, less than FYEE's 7.57% yield.

Position	TTM	2025	2024	2023	2022
FYEE Fidelity Yield Enhanced Equity ETF	7.57%	7.08%	5.45%	0.00%	0.00%
TYLG Global X Information Technology Covered Call & Growth ETF	7.47%	7.66%	7.24%	11.89%	0.51%

Frequently Asked Questions

Can I hold both TYLG and FYEE in my portfolio?

TYLG and FYEE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYLG or FYEE?

TYLG has higher volatility (4.45%) compared to FYEE (1.43%). In terms of maximum drawdown, TYLG dropped -24.01% vs FYEE's -18.79%.

Which ETF is better, TYLG or FYEE?

On 1-year performance, TYLG leads with 48.51% vs 24.64% for FYEE. On fees, FYEE is cheaper at 0.28% per year. On volatility, FYEE has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLG or FYEE?

Over the 1-year period, TYLG has performed better with a 48.51% return vs 24.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLG or FYEE?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.60% for TYLG.

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

FYEE has the higher dividend yield at 7.57%, compared with 7.47% for TYLG.

What is the main difference between TYLG and FYEE?

They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.60% for TYLG and 0.28% for FYEE.

Which has better risk-adjusted returns?

TYLG currently has the higher Sharpe Ratio (3.14 vs 2.57), 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.