FENY vs. BACAX
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and BlackRock Energy Opportunities Fund (BACAX).
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. BACAX is managed by BlackRock. It was launched on Feb 16, 2005.
Performance
FENY vs. BACAX - Performance Comparison
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FENY vs. BACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 38.13% | 7.27% | 6.62% | -0.04% | 62.94% | 55.62% | -33.15% | 9.11% | -19.99% | -2.30% |
BACAX BlackRock Energy Opportunities Fund | 36.30% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 2.07% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FENY having a 38.13% return and BACAX slightly lower at 36.30%. Over the past 10 years, FENY has outperformed BACAX with an annualized return of 11.01%, while BACAX has yielded a comparatively lower 10.09% annualized return.
FENY
- 1D
- -1.13%
- 1M
- 10.37%
- YTD
- 38.13%
- 6M
- 39.46%
- 1Y
- 37.23%
- 3Y*
- 18.44%
- 5Y*
- 24.19%
- 10Y*
- 11.01%
BACAX
- 1D
- -0.47%
- 1M
- 10.34%
- YTD
- 36.30%
- 6M
- 38.98%
- 1Y
- 38.84%
- 3Y*
- 18.44%
- 5Y*
- 22.41%
- 10Y*
- 10.09%
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FENY vs. BACAX - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than BACAX's 1.32% expense ratio.
Return for Risk
FENY vs. BACAX — Risk / Return Rank
FENY
BACAX
FENY vs. BACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and BlackRock Energy Opportunities Fund (BACAX). 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.
| FENY | BACAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.87 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.25 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.19 | -0.16 |
Martin ratioReturn relative to average drawdown | 5.81 | 7.29 | -1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FENY | BACAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.87 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.95 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.37 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.19 | +0.02 |
Correlation
The correlation between FENY and BACAX 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.
Dividends
FENY vs. BACAX - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.31%, more than BACAX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.31% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
BACAX BlackRock Energy Opportunities Fund | 1.81% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
Drawdowns
FENY vs. BACAX - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, smaller than the maximum BACAX drawdown of -78.88%. Use the drawdown chart below to compare losses from any high point for FENY and BACAX.
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Drawdown Indicators
| FENY | BACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -78.88% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -17.54% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | -25.74% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | -65.92% | -3.15% |
Current DrawdownCurrent decline from peak | -2.21% | -0.47% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -23.35% | -34.52% | +11.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 5.26% | +1.40% |
Volatility
FENY vs. BACAX - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 4.97% compared to BlackRock Energy Opportunities Fund (BACAX) at 4.30%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier than BACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FENY | BACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 4.30% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 11.58% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.03% | 21.60% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 23.63% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 27.18% | +2.52% |