Fidelity High Yield Factor ETF (FDHY) Performance
FDHY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.6% since Dec 31, 2025
- 1 year
- +3.4% total return
- 5 years
- +3.6% a year
- Since first price
- +5.5% a year since 2018
FDHY trailing returns vs SPY, QQQ, AGG
| Period | FDHY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.6% | −2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.1% | −3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +1.6% | −3.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.4% | −3.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +29.5%+9.0%/yr | +6.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +19.1%+3.6%/yr | −14.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 14, 2018 | +56.3%+5.5%/yr | −5.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FDHY vs SPY
From Jun 14, 2018: FDHY grew to $15,626, SPY to $31,010.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FDHY returns by calendar year
6 of 7 full years positive. Best 2019 (+16.9%), worst 2022 (−11.3%). 2026 is year to date.
FDHY annual returns table
| Year | FDHY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.6% | −2.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.2% | −5.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.5% | −1.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.1% | −5.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.3% | −16.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +4.3% | −2.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.7% | −20.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +16.9% | −1.3% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FDHY largest drawdowns
Now 2.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −20.0% | Mar 23, 2020 | Jun 8, 2020 | 34 days | 4 months |
| Dec 27, 2021 | −16.4% | Sep 26, 2022 | Mar 21, 2024 | 9 months | 2.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FDHY risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +8.2% | +3.4% | +5.5% |
| Volatility (annualized) | 4.6% | 7.5% | 8.0% |
| Sharpe ratio | 0.81 | -0.00 | 0.39 |
| Sortino ratio | 1.43 | -0.00 | 0.55 |
| Best month | +4.6% | +6.0% | +6.0% |
| Worst month | −2.4% | −7.4% | −10.3% |
| Best 12 months | +15.3% | +15.3% | +23.2% |
| Worst 12 months | +2.8% | −15.3% | −15.3% |
| Positive months | 72% | 62% | 67% |
| Beta vs S&P 500 | 0.27 | 0.39 | — |
| Correlation with S&P 500 | 0.74 | 0.82 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FDHY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 89 | −15.3% | +8.2% | +23.2% | 83% |
| 3-year (a year) | 65 | −0.1% | +4.2% | +10.7% | 98% |
| 5-year (a year) | 41 | +3.4% | +4.3% | +6.6% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
FDHY performance overview
Fidelity High Yield Factor ETF (FDHY) returned +3.4% over the past year and +3.6% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +5.5% a year, turning $10,000 into about $15,626. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.0%, from Feb 18, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. FDHY finished 6 of its 7 full calendar years with a gain; the best year was 2019 (+16.9%) and the worst 2022 (−11.3%). Volatility has been 8.0% a year.
Related: FDHY chart, FDHY dividends. See the FDHY overview for the latest quote and fund facts.
FDHY performance FAQ
What is the FDHY return over the past year?
FDHY returned +3.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.1%.
What is the average annual return of FDHY?
FDHY has returned +3.6% a year over 5 years, +5.5% a year since June 14, 2018 (total return, distributions reinvested).
How much would $10,000 invested in FDHY be worth?
$10,000 invested in FDHY at its first recorded close on June 14, 2018 would be worth about $15,626 on October 23, 2026 with distributions reinvested.
What was the worst year for FDHY?
The worst calendar year was 2022, with a total return of −11.3%. The best was 2019 at +16.9%.
What is the biggest drawdown of FDHY?
The largest peak-to-trough decline was −20.0% between February 18, 2020 and March 23, 2020. It recovered to the old high on June 8, 2020, 3 months after the bottom.
How volatile is FDHY?
Over the past 3 years FDHY had an annualized volatility of 4.6% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).