Fidelity MSCI Energy Index ETF (FENY) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FENY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FENY
FENY charges 0.08% annually. There is 1 ETF in the Energy Equities category with a lower expense ratio, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.64B | Dec 1998 | FENY vs XLE | |
| Vanguard Energy ETF | 0.09% | 11.00B | Sep 2004 | FENY vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 416.91M | Nov 2025 | FENY vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | FENY vs GXPE | |
| BP p.l.c. ADRhedged ETF | 0.19% | 2.19M | Jan 2025 | FENY vs BPH |
Best Risk-Adjusted Alternatives to FENY
FENY has a PortfoliosLab risk / return rank of 69. There are 23 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 94 | 251.28M | Aug 2015 | FENY vs CRAK | |
| FT Energy Income Partners Strategy ETF | 91 | 563.46M | Nov 2022 | FENY vs EIPX | |
| Invesco Dynamic Oil & Gas Services ETF | 91 | 61.59M | Oct 2005 | FENY vs PXJ | |
| VanEck Natural Resources ETF | 88 | 301.41M | Aug 2008 | FENY vs HAP | |
| State Street Energy Select Sector SPDR Premium Inc... | 87 | 47.69M | Jul 2025 | FENY vs XLEI |
Top Performing FENY Alternatives (YTD)
FENY is at 32.87% YTD. There are 20 ETFs in the Energy Equities category with higher YTD returns, going as high as 84.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 84.63% | 65.33M | Nov 2021 | FENY vs OILU | |
| Direxion Daily Energy Bull 2X Shares | 64.87% | 228.84M | Nov 2008 | FENY vs ERX | |
| Direxion Daily Energy Top 5 Bull 2X ETF | 58.42% | 2.82M | Oct 2025 | FENY vs TEXU | |
| Invesco Dynamic Oil & Gas Services ETF | 47.13% | 61.59M | Oct 2005 | FENY vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 46.82% | — | Jul 2025 | FENY vs DVXE |
Lowest Volatility Alternatives to FENY
FENY has 20.87% 1-year volatility. There are 37 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Solar ETF | 0.00% | 5.05M | Sep 2021 | FENY vs RAYS | |
| Macquarie Global Listed Infrastructure ETF | 10.96% | 6.30M | Nov 2023 | FENY vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.39% | 563.46M | Nov 2022 | FENY vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.58% | 1.31B | Nov 2022 | FENY vs BKGI | |
| TrueShares Eagle Global Next Gen Power Infrastruct... | 11.93% | 5.84M | Dec 2022 | FENY vs PWRZ |
Lowest Drawdown Alternatives to FENY
FENY has a 1-year max drawdown of -14.96%. There are 33 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 563.46M | Nov 2022 | FENY vs EIPX | |
| Westwood Salient Enhanced Midstream Income ETF | -5.98% | 152.76M | Apr 2024 | FENY vs MDST | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | FENY vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.31B | Nov 2022 | FENY vs BKGI | |
| Tortoise Electrification Infrastructure ETF | -6.63% | 129.10M | Dec 2024 | FENY vs TPZ |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 59 | 27.90% | 20.96B | Oct 2013 | FENY vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 78 | 14.70% | 9.74B | Sep 2016 | FENY vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -26.68% | 10.22B | Jan 2024 | FENY vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 27 | 0.34% | 26.62B | Oct 2014 | FENY vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 55 | 15.38% | 10.69B | Sep 2003 | FENY vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 42 | 14.13% | 6.97B | Jun 2020 | FENY vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 79 | 15.39% | 7.88B | Apr 2007 | FENY vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 15 | 4.40% | 2.35B | Oct 2013 | FENY vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 3 | -36.98% | 750.93M | Jul 2024 | FENY vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 34 | 7.04% | 5.65B | Nov 2023 | FENY vs FELG |
Often Compared With FENY
Investors most often compare FENY with FSENX, IYE, FNARX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FENY with Any Fund or Stock
Compare FENY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FENY with funds that move differently
Fidelity MSCI Energy Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FENY.
Explore FENY Diversifiers