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DRLL vs. FENY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRLL vs. FENY

Last updated Jun 4, 2026

DRLL (Strive U.S. Energy ETF) and FENY (Fidelity MSCI Energy Index ETF) are both Energy Equities funds - DRLL tracks the Bloomberg US Energy Select Index while FENY tracks the MSCI USA IMI Energy Index. Both are passively managed. Over the past 3 years, DRLL returned 14.67%/yr vs 17.98%/yr for FENY. With a 0.98 correlation, they move nearly in lockstep. DRLL charges 0.41%/yr vs 0.08%/yr for FENY.

Performance

DRLL vs. FENY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and Fidelity MSCI Energy Index ETF (FENY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with DRLL having a 31.26% return and FENY slightly higher at 32.28%.

DRLL

1D
1.47%
1M
-1.82%
YTD
31.26%
6M
27.14%
1Y
43.09%
3Y*
14.67%
5Y*
—
10Y*
—

FENY

1D
1.12%
1M
-2.02%
YTD
32.28%
6M
29.37%
1Y
45.42%
3Y*
17.98%
5Y*
20.48%
10Y*
9.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRLL vs. FENY - Yearly Performance Comparison

2026 (YTD)2025202420232022
DRLL
Strive U.S. Energy ETF		31.26%7.74%0.02%-1.84%16.56%
FENY
Fidelity MSCI Energy Index ETF		32.28%7.27%6.62%-0.04%18.19%

Correlation

The correlation between DRLL and FENY is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Aug 10, 2022

0.98

The correlation between DRLL and FENY has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

DRLL vs. FENY - Sectors Allocation Comparison

Sectors
DRLL
FENY

Energy

99.1%
99.7%

Consumer Cyclical

0.9%

-

Basic Materials

-

0.2%

Communication Services

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.1%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

DRLL
99.1%
FENY
99.7%

Consumer Cyclical

DRLL
0.9%
FENY

-

Basic Materials

DRLL

-

FENY
0.2%

Communication Services

DRLL

-

FENY

-

Consumer Defensive

DRLL

-

FENY

-

Financial Services

DRLL

-

FENY

-

Healthcare

DRLL

-

FENY

-

Industrials

DRLL

-

FENY
0.1%

Real Estate

DRLL

-

FENY

-

Technology

DRLL

-

FENY

-

Utilities

DRLL

-

FENY

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Strive U.S. Energy ETF

Fidelity MSCI Energy Index ETF

Often compared with DRLL:
DRLL vs. USAIDRLL vs. XLEDRLL vs. VCLNDRLL vs. NUKZDRLL vs. VOODRLL vs. VDEDRLL vs. ULTY
Often compared with FENY:
FENY vs. XLEFENY vs. VDEFENY vs. FSENXFENY vs. IYEFENY vs. FNARXFENY vs. SCHDFENY vs. IEO

Return for Risk

DRLL vs. FENY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRLL
DRLL Risk / Return Rank: 5555
Overall Rank
DRLL Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
DRLL Sortino Ratio Rank: 5252
Sortino Ratio Rank
DRLL Omega Ratio Rank: 5050
Omega Ratio Rank
DRLL Calmar Ratio Rank: 6363
Calmar Ratio Rank
DRLL Martin Ratio Rank: 5252
Martin Ratio Rank
FENY
FENY Risk / Return Rank: 6464
Overall Rank
FENY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
FENY Sortino Ratio Rank: 6060
Sortino Ratio Rank
FENY Omega Ratio Rank: 5757
Omega Ratio Rank
FENY Calmar Ratio Rank: 7575
Calmar Ratio Rank
FENY Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRLL vs. FENY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) 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.

DRLLFENYDifference
Sharpe ratioReturn per unit of total volatility
1.94
2.24

-0.30

Sortino ratioReturn per unit of downside risk
2.49
2.87

-0.38

Omega ratioGain probability vs. loss probability

1.32

1.36

-0.04

Calmar ratioReturn relative to maximum drawdown

3.11

3.87

-0.76

Martin ratioReturn relative to average drawdown

8.82

11.41

-2.59

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRLL vs. FENY - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 1.94, which is comparable to the FENY Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DRLL and FENY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DRLLFENYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.94

2.24

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.78

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.32

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.20

+0.37

Drawdowns

DRLL vs. FENY - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for DRLL and FENY.

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Drawdown Indicators

DRLLFENYDifference

Max Drawdown

Largest peak-to-trough decline

-23.73%

-74.35%

+50.62%

Max Drawdown (1Y)

Largest decline over 1 year

-13.93%

-11.78%

-2.15%

Max Drawdown (3Y)

Largest decline over 3 years

-23.73%

-21.47%

-2.26%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.64%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-69.07%

—

Current Drawdown

Current decline from peak

-8.10%

-6.35%

-1.75%

Average Drawdown

Average peak-to-trough decline

-8.02%

-23.12%

+15.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.90%

3.99%

+0.91%

Volatility

DRLL vs. FENY - Volatility Comparison

Strive U.S. Energy ETF (DRLL) has a higher volatility of 9.15% compared to Fidelity MSCI Energy Index ETF (FENY) at 7.96%. This indicates that DRLL's price experiences larger fluctuations and is considered to be riskier than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DRLLFENYDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.15%

7.96%

+1.19%

Volatility (6M)

Calculated over the trailing 6-month period

18.04%

16.33%

+1.71%

Volatility (1Y)

Calculated over the trailing 1-year period

22.34%

20.39%

+1.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.76%

26.46%

-2.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.76%

29.80%

-6.04%

DRLL vs. FENY - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is higher than FENY's 0.08% expense ratio.

Dividends

DRLL vs. FENY - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.33%, less than FENY's 2.41% yield.

PositionTTM20252024202320222021202020192018201720162015
DRLL
Strive U.S. Energy ETF		2.33%2.99%3.00%3.01%1.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FENY
Fidelity MSCI Energy Index ETF		2.41%3.18%3.05%3.33%3.33%3.69%4.60%6.43%3.21%2.94%2.29%3.05%

Frequently Asked Questions

With a correlation of 0.98, DRLL and FENY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

DRLL has higher volatility (9.15%) compared to FENY (7.96%). In terms of maximum drawdown, DRLL dropped -23.73% vs FENY's -74.35%.

On 3-year performance, FENY leads with 17.98% vs 14.67% for DRLL. On fees, FENY is cheaper at 0.08% per year. On volatility, FENY has been the lower-risk option at 7.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, FENY has performed better with a 17.98% return vs 14.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FENY is cheaper with a 0.08% expense ratio, compared with 0.41% for DRLL.

FENY has the higher dividend yield at 2.41%, compared with 2.33% for DRLL.

DRLL tracks Bloomberg US Energy Select Index, while FENY tracks MSCI USA IMI Energy Index. They also come from different issuers: Strive and Fidelity. Their fees differ too: 0.41% for DRLL and 0.08% for FENY.

FENY currently has the higher Sharpe Ratio (2.24 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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