Fidelity Enhanced High Yield ETF
$47.78+0.01 (+0.03%)
- 0.35%
- $613M
- +4.5%
- 6.67%
- 0.1M sh
- $47.75
- low $47.15high $49.70
The ETF.net FDHY Grade
B
Score 67 out of 100
- 30 of 85
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 24 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 41 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 11 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 30 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 72 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 25 of 85
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
- 288
- 18%
- Securities Lending Cf
Sectors
- Energy100.0%
Geography
- United States75.17%
- Canada6.60%
- Australia3.73%
- United Kingdom3.05%
- Bermuda1.98%
- Japan1.60%
- Denmark1.47%
- Ireland1.42%
- 4.97%
FDHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FDHY$10,446
Returns run to the Oct 12, 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 | +1.6% |
| 1 month | −1.1% |
| 3 months | −1.1% |
| 1 year | +4.5% |
| 3 years | +8.8% |
| 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 | +1.6% | |
| 2025 | +9.2% | |
| 2024 | +7.5% | |
| 2023 | +11.1% | |
| 2022 | −11.3% | |
| 2021 | +4.3% | |
| 2020 | +11.1% |
FDHY in the news
FDHY Dividends
- 6.67%
- $3.18
- $0.25 per share
- Monthly
Distribution history
FDHY Risk
- 4.6%
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.
- 0.78
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
0.35%
FDHY0.35%
- The middle half of US High Yield funds
- Median 0.43%
23 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- BLDRHiShares iBonds 1-5 Year High Yield and Income Ladder ETFExpense ratio 0.35%1 year return +3.1%
- BVGHYVanguard Fixed Income Securities Funds - Vanguard High-Yield Active ETFExpense ratio 0.22%1 year return +2.9%
- BNUHYNuveen ESG High Yield Corporate BondExpense ratio 0.30%1 year return +2.2%
- BCHYGCorgi Etf Trust I - Corgi 0-5 Year High Yield Corporate Bond ETFExpense ratio 0.15%1 year return —
- BAHYBAmerican Century Select High Yield ETFExpense ratio 0.45%1 year return +2.8%