WPAY vs. FYEE

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Fidelity Yield Enhanced Equity ETF (FYEE).

WPAY and FYEE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. FYEE is an actively managed fund by Fidelity. It was launched on Apr 9, 2024.

Performance

WPAY vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill WeeklyPay™ Universe ETF (WPAY) and Fidelity Yield Enhanced Equity ETF (FYEE). The values are adjusted to include any dividend payments, if applicable.

WPAY vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
FYEE Fidelity Yield Enhanced Equity ETF	-2.09%	6.99%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than FYEE's -2.09% return.

WPAY

• 1D: -1.58%
• 1M: -3.42%
• YTD: -10.65%
• 6M: -19.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FYEE

• 1D: 0.48%
• 1M: -3.24%
• YTD: -2.09%
• 6M: 2.22%
• 1Y: 17.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. FYEE - Expense Ratio Comparison

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

WPAY

Roundhill WeeklyPay™ Universe ETF

FYEE

Fidelity Yield Enhanced Equity ETF

Return for Risk

WPAY 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: 64
FYEE Sharpe Ratio Rank: 60
FYEE Sortino Ratio Rank: 60
FYEE Omega Ratio Rank: 72
FYEE Calmar Ratio Rank: 56
FYEE Martin Ratio Rank: 73

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.

WPAY vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) 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

	WPAY	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.95	-1.73

Correlation

The correlation between WPAY and FYEE is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WPAY vs. FYEE - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, more than FYEE's 8.27% yield.

	TTM	2025	2024
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%
FYEE Fidelity Yield Enhanced Equity ETF	8.27%	7.08%	5.45%

Drawdowns

WPAY vs. FYEE - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for WPAY and FYEE.

Drawdown Indicators

	WPAY	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-18.79%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.60%	—
Current Drawdown Current decline from peak	-25.35%	-4.26%	-21.09%
Average Drawdown Average peak-to-trough decline	-11.92%	-2.40%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.21%	—

Volatility

Volatility by Period

	WPAY	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	15.88%	+12.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	14.31%	+14.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	14.31%	+14.52%