Fidelity Yield Enhanced Equity ETF
$29.81−0.17 (−0.57%)
- Expense ratio
- 0.31%
- Fund size
- $255M
- 1Y return
- +18.0%
- Yield · Last 12 months
- 9.11%
- Volume · 30D
- 0.1M sh
- NAV per share
- $29.98
- 52W range
The ETF.net FYEE Grade
Score 74 of 100 sits in the A 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 84Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 59Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on FYEE
AFidelity's entry in the S&P 500 covered-call scrum: own the large-cap equity book, sell calls against it for income, and charge roughly half the fee of the typical fund in this crowd.
The fund seeks equity-market exposure and capital appreciation while using a disciplined covered-call program to generate income.
Why people hold it
- Fee of 0.31% against a cohort median of 0.60% for S&P 500 options-income funds. In a strategy where premium income is the whole point, less leakage to costs matters.
- The mandate is equity first: capital appreciation and market exposure, with a disciplined covered-call program layered on for income rather than income chased at any cost.fidelity.com
- Does exactly what its documents say it does, and sits in the top quartile of a crowded S&P 500 income group on our review.
- Cheaper than the marquee names it competes with, including GPIX (0.35%), BALI (0.35%) and SPYI (0.68%).
Worth knowing
- Covered calls swap upside for premium. When the S&P 500 runs hard, the calls written against the portfolio limit how much of that climb the fund keeps.fidelity.com
- Income lands quarterly, not monthly, so the cash arrives in four larger drops rather than a steady drip.
- Launched in 2024 and moderately traded, so the track record is short and spreads can run wider than the category's largest funds.
FYEE Holdings
- Stocks
- —
- 41%
- NVDA
Geography
- United States97.93%
- Ireland1.43%
- Netherlands0.56%
- United Kingdom0.08%
FYEE 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 | FYEE |
|---|---|
| Year to date | +12.5% |
| 1 month | +1.6% |
| 3 months | +5.6% |
| 1 year | +18.0% |
| 3 years | — |
| 5 years | — |
| 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 | FYEE |
|---|---|---|
| 2026 YTD | +12.5% | |
| 2025 | +15.7% | |
| 2024 | +13.2% |
FYEE in the news
ETF.net Research hasn’t filed on FYEE yet — coverage lands here as it’s written.
FYEE Dividends
- 9.11%
- $2.73
- $0.56 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.56 |
| Jun 18, 2026 | Jun 23, 2026 | $0.73 |
| Mar 20, 2026 | Mar 24, 2026 | $0.82 |
| Dec 19, 2025 | Dec 23, 2025 | $0.62 |
| Sep 19, 2025 | Sep 23, 2025 | $0.29 |
| Jun 20, 2025 | Jun 24, 2025 | $0.52 |
| Mar 21, 2025 | Mar 25, 2025 | $0.60 |
| Dec 20, 2024 | Dec 24, 2024 | $0.51 |
| Sep 20, 2024 | Sep 24, 2024 | $0.50 |
| Jun 21, 2024 | Jun 25, 2024 | $0.45 |
FYEE Risk
- 8.6%
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.
- 1.57
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.
- −18.8%
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.
- 0.81
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FYEE Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
7 of the 51 S&P 500 Option Income funds charge less.