FYEE vs VTI
Fidelity Yield Enhanced Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | FYEE | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.03% | |
| AUM | $218M | $666.9B | |
| Dividend Yield | 8.34% | 1.07% | |
| Holdings | 187 | 3,543 | |
| YTD Return | +4.60% | +12.79% | |
| 1Y Return | +10.95% | +20.47% | |
| 3Y Return (annualized) | - | +21.53% | |
| 5Y Return (annualized) | - | +11.84% | |
| Volatility (annualized) | 9.9% | 15.3% | |
| Max Drawdown | -18.8% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | May 24, 2001 |
FYEE vs VTI Performance
Fidelity Yield Enhanced Equity ETF (FYEE) is a ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FYEE returned +10.95% while VTI returned +20.47%. Year to date, FYEE is up 4.60% versus a gain of 12.79% for VTI.
Risk: Volatility and Drawdowns
VTI 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 -56.6% for VTI. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FYEE charges 0.28% per year while VTI charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, FYEE currently yields 8.34% against 1.07% for VTI.
Holdings Overlap
FYEE and VTI share 148 holdings out of 2814 unique holdings combined, representing a 55.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FYEE or VTI?
FYEE has an expense ratio of 0.28% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, FYEE or VTI?
Over the past year FYEE returned +10.95% vs +20.47% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), FYEE annualized +13.27% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, FYEE or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 9.9% for FYEE. Worst drawdown: FYEE -18.8% vs VTI -56.6%.
Should I hold both FYEE and VTI?
FYEE and VTI have a monthly-return correlation of 0.92, 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 VTI?
FYEE and VTI share 148 common holdings with a 55.4% weight overlap. Combined, they hold 2814 unique securities.
Which pays a higher dividend, FYEE or VTI?
FYEE yields 8.34% while VTI yields 1.07%, so FYEE currently pays the higher dividend yield.
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