FANAX vs. FENY
Compare and contrast key facts about Fidelity Advisor Energy Fund Class A (FANAX) and Fidelity MSCI Energy Index ETF (FENY).
FANAX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FANAX or FENY.
Key characteristics
| FANAX | FENY | |
|---|---|---|
| YTD Return | 15.96% | 13.95% |
| 1Y Return | 28.16% | 25.30% |
| 3Y Return (Ann) | 28.00% | 26.06% |
| 5Y Return (Ann) | 13.63% | 13.45% |
| 10Y Return (Ann) | 3.06% | 3.21% |
| Sharpe Ratio | 1.53 | 1.42 |
| Daily Std Dev | 19.21% | 18.49% |
| Max Drawdown | -76.14% | -74.35% |
| Current Drawdown | -3.36% | -2.98% |
Correlation
The correlation between FANAX and FENY is 0.98, 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.
Performance
FANAX vs. FENY - Performance Comparison
In the year-to-date period, FANAX achieves a 15.96% return, which is significantly higher than FENY's 13.95% return. Both investments have delivered pretty close results over the past 10 years, with FANAX having a 3.06% annualized return and FENY not far ahead at 3.21%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FANAX vs. FENY - Expense Ratio Comparison
FANAX has a 1.05% expense ratio, which is higher than FENY's 0.08% expense ratio.
Risk-Adjusted Performance
FANAX vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Energy Fund Class A (FANAX) 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
FANAX vs. FENY - Dividend Comparison
FANAX's dividend yield for the trailing twelve months is around 1.77%, less than FENY's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANAX Fidelity Advisor Energy Fund Class A | 1.77% | 2.06% | 2.08% | 2.14% | 3.28% | 1.59% | 0.90% | 1.40% | 0.21% | 0.74% | 6.21% | 5.45% |
FENY Fidelity MSCI Energy Index ETF | 2.82% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
Drawdowns
FANAX vs. FENY - Drawdown Comparison
The maximum FANAX drawdown since its inception was -76.14%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FANAX and FENY. For additional features, visit the drawdowns tool.
Volatility
FANAX vs. FENY - Volatility Comparison
Fidelity Advisor Energy Fund Class A (FANAX) and Fidelity MSCI Energy Index ETF (FENY) have volatilities of 4.63% and 4.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.