FYEE vs SCHD
FYEE vs SCHD
Fidelity Yield Enhanced Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
FYEE has a lower expense ratio. SCHD delivered stronger 1-year returns. FYEE offers more diversification with 175 holdings.
Side-by-Side Comparison
| Metric | FYEE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.06% | |
| AUM | $199M | $103.7B | |
| Dividend Yield | 8.53% | 3.31% | |
| Holdings | 170 | 104 | |
| YTD Return | +4.56% | +23.31% | |
| 1Y Return | +14.08% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 9.9% | 13.6% | |
| Max Drawdown | -18.8% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | Oct 20, 2011 |
FYEE vs SCHD Performance
Fidelity Yield Enhanced Equity ETF (FYEE) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FYEE returned +14.08% while SCHD returned +30.42%. Year to date, FYEE is up 4.56% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.9% for FYEE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.8% for FYEE and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FYEE charges 0.00% per year while SCHD charges 0.06%. On a $10,000 position that is $0 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, FYEE currently yields 8.53% against 3.31% for SCHD.
Holdings Overlap
FYEE and SCHD share 12 holdings out of 263 unique holdings combined, representing a 5.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FYEE | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.87% | 4.54% | 3.67% |
| ABT | 0.67% | 4.49% | 3.82% |
| MRK | 0.66% | 4.32% | 3.66% |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| LMT | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
See all 10 holdings FYEE shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FYEE or SCHD?
FYEE has an expense ratio of 0.00% while SCHD charges 0.06%. FYEE is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FYEE or SCHD?
Over the past year FYEE returned +14.08% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FYEE annualized +13.57% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, FYEE or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.9% for FYEE. Worst drawdown: FYEE -18.8% vs SCHD -33.4%.
Should I hold both FYEE and SCHD?
FYEE and SCHD have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FYEE and SCHD?
FYEE and SCHD share 12 common holdings with a 5.8% weight overlap. Combined, they hold 263 unique securities.
Which pays a higher dividend, FYEE or SCHD?
FYEE yields 8.53% while SCHD yields 3.31%, so FYEE currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.