FYEE vs VYM
FYEE vs VYM
Fidelity Yield Enhanced Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
FYEE has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FYEE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.04% | |
| AUM | $199M | $79.0B | |
| Dividend Yield | 8.53% | 2.86% | |
| Holdings | 170 | 568 | |
| YTD Return | +4.56% | +15.45% | |
| 1Y Return | +14.08% | +26.05% | |
| 3Y Return (annualized) | - | +17.96% | |
| 5Y Return (annualized) | - | +12.54% | |
| Volatility (annualized) | 9.9% | 14.6% | |
| Max Drawdown | -18.8% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | Nov 10, 2006 |
FYEE vs VYM Performance
Fidelity Yield Enhanced Equity ETF (FYEE) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FYEE returned +14.08% while VYM returned +26.05%. Year to date, FYEE is up 4.56% versus a gain of 15.45% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FYEE charges 0.00% per year while VYM charges 0.04%. On a $10,000 position that is $0 vs $4 annually, a gap of $4 per year that compounds over a long holding period. On income, FYEE currently yields 8.53% against 2.86% for VYM.
Holdings Overlap
FYEE and VYM share 58 holdings out of 675 unique holdings combined, representing a 24.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FYEE | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 3.17% | 6.47% | 3.30% |
| JPM | 1.84% | 3.36% | 1.52% |
| XOM | 1.08% | 2.83% | 1.75% |
| WMT | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings FYEE shares with VYM 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 VYM?
FYEE has an expense ratio of 0.00% while VYM charges 0.04%. FYEE is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, FYEE or VYM?
Over the past year FYEE returned +14.08% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), FYEE annualized +13.57% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, FYEE or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 9.9% for FYEE. Worst drawdown: FYEE -18.8% vs VYM -58.8%.
Should I hold both FYEE and VYM?
FYEE and VYM have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FYEE and VYM?
FYEE and VYM share 58 common holdings with a 24.7% weight overlap. Combined, they hold 675 unique securities.
Which pays a higher dividend, FYEE or VYM?
FYEE yields 8.53% while VYM yields 2.86%, so FYEE currently pays the higher dividend yield.
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