FENY vs. DGRO
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and iShares Core Dividend Growth ETF (DGRO).
FENY and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both FENY and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FENY or DGRO.
Key characteristics
| FENY | DGRO | |
|---|---|---|
| YTD Return | 10.93% | 5.53% |
| 1Y Return | 24.01% | 17.17% |
| 3Y Return (Ann) | 27.30% | 6.40% |
| 5Y Return (Ann) | 12.68% | 10.85% |
| Sharpe Ratio | 1.20 | 1.62 |
| Daily Std Dev | 18.97% | 10.00% |
| Max Drawdown | -74.35% | -35.10% |
| Current Drawdown | -5.55% | -2.70% |
Correlation
The correlation between FENY and DGRO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FENY vs. DGRO - Performance Comparison
In the year-to-date period, FENY achieves a 10.93% return, which is significantly higher than DGRO's 5.53% return. 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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FENY vs. DGRO - Expense Ratio Comparison
Both FENY and DGRO have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FENY vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and iShares Core Dividend Growth ETF (DGRO). 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
FENY vs. DGRO - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.90%, more than DGRO's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.90% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
DGRO iShares Core Dividend Growth ETF | 2.35% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
FENY vs. DGRO - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for FENY and DGRO. For additional features, visit the drawdowns tool.
Volatility
FENY vs. DGRO - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 4.72% compared to iShares Core Dividend Growth ETF (DGRO) at 3.01%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.