BACAX vs. FENY
Compare and contrast key facts about BlackRock Energy Opportunities Fund (BACAX) and Fidelity MSCI Energy Index ETF (FENY).
BACAX is managed by Blackrock. It was launched on Feb 16, 2005. FENY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Energy Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BACAX or FENY.
Performance
BACAX vs. FENY - Performance Comparison
Returns By Period
In the year-to-date period, BACAX achieves a 10.76% return, which is significantly lower than FENY's 15.38% return. Over the past 10 years, BACAX has underperformed FENY with an annualized return of 1.97%, while FENY has yielded a comparatively higher 4.01% annualized return.
BACAX
10.76%
1.97%
-1.47%
9.79%
11.37%
1.97%
FENY
15.38%
4.88%
1.26%
14.83%
16.13%
4.01%
Key characteristics
| BACAX | FENY | |
|---|---|---|
| Sharpe Ratio | 0.62 | 0.82 |
| Sortino Ratio | 0.92 | 1.22 |
| Omega Ratio | 1.11 | 1.15 |
| Calmar Ratio | 0.25 | 1.11 |
| Martin Ratio | 2.08 | 2.68 |
| Ulcer Index | 4.82% | 5.56% |
| Daily Std Dev | 16.08% | 18.07% |
| Max Drawdown | -82.42% | -74.35% |
| Current Drawdown | -31.25% | -1.76% |
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BACAX vs. FENY - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than FENY's 0.08% expense ratio.
Correlation
The correlation between BACAX and FENY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BACAX vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and Fidelity MSCI Energy Index ETF (FENY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BACAX vs. FENY - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 2.29%, less than FENY's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 2.29% | 3.06% | 2.20% | 2.39% | 3.39% | 2.69% | 2.88% | 2.48% | 1.95% | 1.98% | 1.22% | 0.42% |
FENY Fidelity MSCI Energy Index ETF | 2.94% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
Drawdowns
BACAX vs. FENY - Drawdown Comparison
The maximum BACAX drawdown since its inception was -82.42%, which is greater than FENY's maximum drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for BACAX and FENY. For additional features, visit the drawdowns tool.
Volatility
BACAX vs. FENY - Volatility Comparison
The current volatility for BlackRock Energy Opportunities Fund (BACAX) is 3.19%, while Fidelity MSCI Energy Index ETF (FENY) has a volatility of 5.12%. This indicates that BACAX experiences smaller price fluctuations and is considered to be less risky than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.