At a glance
- Since inception, the fund has captured about 80% to 85% of the S&P 500's cumulative return and held an equity beta of roughly 0.79, according to Fidelity portfolio manager Eric Granat.
- For advisors comparing options-income ETFs by distribution rate, FYEE's trailing yield sits alongside a 15- to 20-point shortfall in cumulative S&P 500 capture since inception and a beta of about 0.79.
- The gap is 1.1 percentage points: the trailing yield less the top of the 6-8% payout target.
Fidelity's FYEE options income ETF reports a 9.1% trailing yield, above its 6-8% payout target.
Since inception, the fund has captured about 80% to 85% of the S&P 500's cumulative return and held an equity beta of roughly 0.79, according to Fidelity portfolio manager Eric Granat.
For advisors comparing options-income ETFs by distribution rate, FYEE's trailing yield sits alongside a 15- to 20-point shortfall in cumulative S&P 500 capture since inception and a beta of about 0.79. A fund can show a high trailing distribution and still deliver less of the equity market's cumulative return; the yield is not a total-return figure.
The gap is 1.1 percentage points: the trailing yield less the top of the 6-8% payout target. The yield is trailing, so it describes distributions over the past period rather than a forecast; the 6-8% is the stated target.
Reported by The Tape desk from Fidelity portfolio manager Eric Granat, Fidelity FYEE fund data and ETF Daily tracking. Published . Corrections
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