Fidelity Yield Enhanced Equity ETF
$30.210.00 (0.00%)
- 0.31%
- $294M
- +21.2%
- 9.04%
- 0.1M sh
- $30.16
- low $26.29high $30.52
The ETF.net FYEE Grade
A
Score 74 out of 100
- 7 of 52
Score 74 of 100 falls in the A 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.A84 out of 100Rank 8 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 28 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 22 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 19 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 22 of 52
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
- 173
- 40%
- NVDA
Geography
- United States97.95%
- Ireland1.42%
- Netherlands0.55%
- 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.
Not enough history yet.Not enough history yet.Not enough history yet.
FYEE$12,120
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 | FYEE |
|---|---|
| Year to date | +13.4% |
| 1 month | +1.7% |
| 3 months | +4.5% |
| 1 year | +21.2% |
| 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 | +13.4% | |
| 2025 | +15.7% | |
| 2024 | +13.2% |
FYEE in the news
FYEE Dividends
- 9.04%
- $2.73
- $0.56 per share
- Quarterly
Distribution history
FYEE Risk
- 8.5%
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.
- 1.52
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
0.31%
FYEE0.31%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
6 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- AXYLDGlobal X - S&P 500 Covered Call ETFExpense ratio 0.60%1 year return +19.9%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +23.6%
- APBPInvesco S&P 500 BuyWrite ETFExpense ratio 0.29%1 year return +20.1%
- APHEQParametric Hedged Equity ETFExpense ratio 0.29%1 year return +14.3%
- ATPUTT. Rowe Price Capital Appreciation Market Opportunities ETFExpense ratio 0.25%1 year return —