FYEE vs SPY
FYEE vs SPY
Fidelity Yield Enhanced Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
FYEE has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FYEE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.09% | |
| AUM | $199M | $789.1B | |
| Dividend Yield | 8.53% | 1.01% | |
| Holdings | 170 | 505 | |
| YTD Return | +4.04% | +11.49% | |
| 1Y Return | +13.28% | +21.37% | |
| 3Y Return (annualized) | - | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 9.9% | 15.3% | |
| Max Drawdown | -18.8% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | Jan 22, 1993 |
FYEE vs SPY Performance
Fidelity Yield Enhanced Equity ETF (FYEE) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FYEE returned +13.28% while SPY returned +21.37%. Year to date, FYEE is up 4.04% versus a gain of 11.49% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FYEE charges 0.00% per year while SPY charges 0.09%. On a $10,000 position that is $0 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, FYEE currently yields 8.53% against 1.01% for SPY.
Holdings Overlap
FYEE and SPY share 107 holdings out of 571 unique holdings combined, representing a 61.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in FYEE | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.84% | 7.31% | 0.53% |
| AAPL | 6.95% | 7.09% | 0.14% |
| MSFT | 4.22% | 4.43% | 0.21% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings FYEE shares with SPY 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 SPY?
FYEE has an expense ratio of 0.00% while SPY charges 0.09%. FYEE is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FYEE or SPY?
Over the past year FYEE returned +13.28% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FYEE annualized +13.36% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, FYEE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.9% for FYEE. Worst drawdown: FYEE -18.8% vs SPY -56.5%.
Should I hold both FYEE and SPY?
FYEE and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FYEE and SPY?
FYEE and SPY share 107 common holdings with a 61.2% weight overlap. Combined, they hold 571 unique securities.
Which pays a higher dividend, FYEE or SPY?
FYEE yields 8.53% while SPY yields 1.01%, so FYEE currently pays the higher dividend yield.
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