Fidelity Enhanced High Yield ETF
$48.35−0.26 (−0.53%)
- Expense ratio
- 0.35%
- Fund size
- $606M
- 1Y return
- +4.5%
- Yield · Last 12 months
- 6.55%
- Holdings
- 295
- Volume · 30D
- 0.1M sh
- NAV per share
- $48.58
- 52W range
The ETF.net FDHY Grade
Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 70Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 32Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
Our read on FDHY
BMost high yield ETFs just buy the index. FDHY is Fidelity's active, quant-driven version: value and quality screens run against a BB-B benchmark, priced below the typical fund in the category.
The fund seeks a high level of income and may also pursue capital appreciation. It uses a quantitative, rules-based approach intended to exploit market inefficiencies.
Why people hold it
- Active where most of the category is passive. A rules-based value and quality screen picks the bonds, measured against the ICE BofA BB-B US High Yield Constrained Index.
- 0.35% a year undercuts the 0.40% median for high yield ETFs, unusual for a fund with a manager and a research process behind it.
- Income lands monthly, and the strategy has been running in ETF form since 2018, not a recent launch chasing a theme.
Worth knowing
- Plain index rivals cost a fraction: SCYB at 0.03% and SPHY at 0.05%. You are paying for the selection process, so it has to earn the gap.
- About 300 bonds is a tighter net than the broad trackers that own the whole market, so individual credit calls carry more weight here.
- Trading is moderate rather than heavyweight next to the largest high yield ETFs, which can matter on bigger or faster orders.
FDHY Holdings
- Bonds
- 295
- 19%
- SECURITIES LENDING CF
Sectors
- Energy100.0%
Geography
- United States77.23%
- Canada5.97%
- Australia3.56%
- United Kingdom3.04%
- Luxembourg1.90%
- Bermuda1.72%
- Denmark1.46%
- Ireland1.41%
- 3.69%
FDHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FDHY |
|---|---|
| Year to date | +2.9% |
| 1 month | −0.6% |
| 3 months | +0.4% |
| 1 year | +4.5% |
| 3 years | +8.7% |
| 5 years | +3.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FDHY |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +9.2% | |
| 2024 | +7.5% | |
| 2023 | +11.1% | |
| 2022 | −11.3% | |
| 2021 | +4.3% | |
| 2020 | +11.1% |
FDHY in the news
ETF.net Research hasn’t filed on FDHY yet — coverage lands here as it’s written.
FDHY Dividends
- 6.55%
- $3.18
- $0.27 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.27 |
| Jul 30, 2026 | Aug 3, 2026 | $0.26 |
| Jun 29, 2026 | Jul 1, 2026 | $0.27 |
| May 28, 2026 | Jun 1, 2026 | $0.26 |
| Apr 29, 2026 | May 1, 2026 | $0.28 |
| Mar 30, 2026 | Apr 1, 2026 | $0.27 |
| Feb 26, 2026 | Mar 2, 2026 | $0.27 |
| Jan 29, 2026 | Feb 2, 2026 | $0.24 |
| Dec 30, 2025 | Jan 2, 2026 | $0.30 |
| Nov 26, 2025 | Dec 1, 2025 | $0.25 |
| Oct 30, 2025 | Nov 3, 2025 | $0.26 |
| Sep 29, 2025 | Oct 1, 2025 | $0.25 |
FDHY Risk
- 4.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.86
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FDHY Cost
- The middle half of US High Yield funds
- Median 0.43%
22 of the 84 US High Yield funds charge less.