FDWM vs YLDE
Fidelity Womens Leadership ETF vs Franklin ClearBridge Enhanced Income ETF
Which is better, FDWM or YLDE?
Each has led over a different period.
YLDE has a lower expense ratio. FDWM led over 1Y, YLDE over the full window. YLDE is less concentrated, with 32.6% of the fund in its ten largest positions against 36.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FDWM | YLDE |
|---|---|---|
| Expense Ratio | 0.59% | 0.48%Best |
| AUM | $5M | $173M |
| Dividend Yield | 0.52% | 7.02% |
| Holdings | 82 | 110 |
| Volatility (annualized) | 17.3% | 14.2%Best |
| Max Drawdown | -29.1% | -20.2%Best |
| $10,000 over 4.4 years | $13,877 | $15,363Best |
| Top 10 Weight | 36.7% | 32.6%Best |
| Fund Family | Fidelity Investments (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 15, 2021 | May 22, 2017 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 335 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FDWM has data through Nov 13, 2025 and YLDE through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jun 17, 2021 to Nov 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.2% for YLDE. 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 -29.1% for FDWM and -20.2% for YLDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDWM charges 0.59% per year while YLDE charges 0.48%. On a $10,000 position that is $59 vs $48 annually, a gap of $11 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 7.02% for YLDE.
Holdings Overlap
28.4% of FDWM's money is in holdings YLDE also owns. 24.6% of YLDE's money is in holdings FDWM also owns.
FDWM and YLDE share little of their money.
The two holdings books were reported 427 days apart, FDWM as of Jul 31, 2025 and YLDE as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 86 positions we hold weights for in FDWM and 48 in YLDE, against full books of 82 and 110.
What only one of them owns
Our book lists 33 positions for YLDE that do not appear in our book for FDWM (67.8% of the fund), and 73 for FDWM that do not appear in YLDE (68.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDWM | Weight in YLDE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.10% | 3.67% | 3.43% |
| NVDANvidia Corp. | 7.02% | 3.50% | 3.52% |
| AAPLApple, Inc | 5.91% | 2.18% | 3.73% |
| JPMJpmorgan Chase | 2.12% | 2.06% | 0.06% |
| MMCMarsh & Mclennan Cos Inc | 0.82% | 2.62% | 1.80% |
| KOCoca Cola Co. | 1.16% | 2.12% | 0.96% |
| OTISOtis Worldwide | 0.54% | 2.59% | 2.05% |
| AMTAmerican Tower Corp (Aka: Snr S* Sp Gst | 0.61% | 2.27% | 1.66% |
| PSAPublic Storage | 0.53% | 2.33% | 1.80% |
| DISWalt Disney Co | 1.47% | 0.71% | 0.76% |
28.4% of FDWM is already inside YLDE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FDWM or YLDE?
FDWM has an expense ratio of 0.59% while YLDE charges 0.48%. YLDE is the cheaper option, by $11 a year on a $10,000 investment.
Which is riskier, FDWM or YLDE?
FDWM has been the more volatile fund at 17.3% annualized versus 14.2% for YLDE. Worst drawdown: FDWM -29.1% vs YLDE -20.2%.
Should I hold both FDWM and YLDE?
FDWM and YLDE have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FDWM and YLDE?
28.4% of FDWM's money is in holdings YLDE also owns. 24.6% of YLDE's is in holdings FDWM also owns. They hold 11 positions in common, counted across the 86 positions we hold weights for in FDWM and 48 in YLDE.
Which pays a higher dividend, FDWM or YLDE?
FDWM yields 0.52% while YLDE yields 7.02%, so YLDE currently pays the higher dividend yield.
Is YLDE better than FDWM?
YLDE has a lower expense ratio. FDWM led over 1Y, YLDE over the full window. YLDE is less concentrated, with 32.6% of the fund in its ten largest positions against 36.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.