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FENY vs. EIS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FENY vs. EIS

Last updated Jun 9, 2026

FENY (Fidelity MSCI Energy Index ETF) and EIS (iShares MSCI Israel ETF) are both exchange-traded funds - FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index, while EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net). Both are passively managed. Over the past 10 years, FENY returned 9.32%/yr vs 11.91%/yr for EIS. At a 0.33 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.59%/yr for EIS.

Performance

FENY vs. EIS - Performance Comparison

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

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Returns By Period

In the year-to-date period, FENY achieves a 31.30% return, which is significantly higher than EIS's 14.51% return. Over the past 10 years, FENY has underperformed EIS with an annualized return of 9.32%, while EIS has yielded a comparatively higher 11.91% annualized return.

FENY

1D
1.22%
1M
3.82%
YTD
31.30%
6M
29.90%
1Y
44.41%
3Y*
16.98%
5Y*
20.27%
10Y*
9.32%

EIS

1D
1.53%
1M
-7.96%
YTD
14.51%
6M
16.70%
1Y
48.12%
3Y*
33.62%
5Y*
14.55%
10Y*
11.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FENY vs. EIS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FENY
Fidelity MSCI Energy Index ETF		31.30%7.27%6.62%-0.04%62.94%55.62%-33.15%9.11%-19.99%-2.30%
EIS
iShares MSCI Israel ETF		14.51%45.11%34.50%5.48%-27.05%22.83%12.01%20.93%-4.84%12.77%

Correlation

The correlation between FENY and EIS is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.09

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

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2013

0.33

The correlation between FENY and EIS shifts across timeframes, from -0.09 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

FENY vs. EIS - Sectors Allocation Comparison

Sectors
FENY
EIS

Energy

99.7%
2.0%

Basic Materials

0.2%
1.8%

Industrials

0.1%
10.9%

Communication Services

-

2.7%

Consumer Cyclical

-

2.5%

Consumer Defensive

-

2.3%

Financial Services

-

34.6%

Healthcare

-

9.8%

Real Estate

-

9.1%

Technology

-

17.8%

Utilities

-

6.6%

Energy

FENY
99.7%
EIS
2.0%

Basic Materials

FENY
0.2%
EIS
1.8%

Industrials

FENY
0.1%
EIS
10.9%

Communication Services

FENY

-

EIS
2.7%

Consumer Cyclical

FENY

-

EIS
2.5%

Consumer Defensive

FENY

-

EIS
2.3%

Financial Services

FENY

-

EIS
34.6%

Healthcare

FENY

-

EIS
9.8%

Real Estate

FENY

-

EIS
9.1%

Technology

FENY

-

EIS
17.8%

Utilities

FENY

-

EIS
6.6%

Compare stocks, funds, or ETFs

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

Fidelity MSCI Energy Index ETF

iShares MSCI Israel ETF

Often compared with FENY:
FENY vs. XLEFENY vs. VDEFENY vs. FSENXFENY vs. IYEFENY vs. FNARXFENY vs. SCHDFENY vs. IEO
Often compared with EIS:
EIS vs. ISRAEIS vs. IZRLEIS vs. SPYEIS vs. VOOEIS vs. ITEQEIS vs. QQQEIS vs. EGPT

Return for Risk

FENY vs. EIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FENY
FENY Risk / Return Rank: 7171
Overall Rank
FENY Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FENY Sortino Ratio Rank: 6868
Sortino Ratio Rank
FENY Omega Ratio Rank: 6565
Omega Ratio Rank
FENY Calmar Ratio Rank: 8080
Calmar Ratio Rank
FENY Martin Ratio Rank: 6666
Martin Ratio Rank
EIS
EIS Risk / Return Rank: 7474
Overall Rank
EIS Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
EIS Sortino Ratio Rank: 7272
Sortino Ratio Rank
EIS Omega Ratio Rank: 6868
Omega Ratio Rank
EIS Calmar Ratio Rank: 8181
Calmar Ratio Rank
EIS Martin Ratio Rank: 7979
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.

FENY vs. EIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and iShares MSCI Israel ETF (EIS). 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.

FENYEISDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.10

+0.09

Sortino ratioReturn per unit of downside risk
2.81
2.91

-0.10

Omega ratioGain probability vs. loss probability

1.35

1.36

-0.01

Calmar ratioReturn relative to maximum drawdown

3.79

3.90

-0.11

Martin ratioReturn relative to average drawdown

10.95

14.00

-3.05

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

FENY vs. EIS - Sharpe Ratio Comparison

The current FENY Sharpe Ratio is 2.19, which is comparable to the EIS Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FENY and EIS, 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

FENYEISDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

2.10

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.67

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

0.57

-0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.32

-0.12

Drawdowns

FENY vs. EIS - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, which is greater than EIS's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for FENY and EIS.

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Drawdown Indicators

FENYEISDifference

Max Drawdown

Largest peak-to-trough decline

-74.35%

-51.94%

-22.41%

Max Drawdown (1Y)

Largest decline over 1 year

-11.78%

-12.40%

+0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-21.47%

-24.10%

+2.63%

Max Drawdown (5Y)

Largest decline over 5 years

-26.64%

-41.88%

+15.24%

Max Drawdown (10Y)

Largest decline over 10 years

-69.07%

-41.88%

-27.19%

Current Drawdown

Current decline from peak

-7.04%

-8.50%

+1.46%

Average Drawdown

Average peak-to-trough decline

-23.11%

-13.90%

-9.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

3.45%

+0.62%

Volatility

FENY vs. EIS - Volatility Comparison

The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 6.96%, while iShares MSCI Israel ETF (EIS) has a volatility of 7.59%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than EIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FENYEISDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

7.59%

-0.63%

Volatility (6M)

Calculated over the trailing 6-month period

16.35%

16.60%

-0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

20.38%

23.06%

-2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.48%

21.89%

+4.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.80%

21.13%

+8.67%

FENY vs. EIS - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is lower than EIS's 0.59% expense ratio.

Dividends

FENY vs. EIS - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.43%, more than EIS's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
EIS
iShares MSCI Israel ETF		1.25%1.44%1.38%1.39%1.66%1.04%0.16%2.06%0.87%2.02%1.78%2.55%
FENY
Fidelity MSCI Energy Index ETF		2.43%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

FENY and EIS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIS has higher volatility (7.59%) compared to FENY (6.96%). In terms of maximum drawdown, FENY dropped -74.35% vs EIS's -51.94%.

On 10-year performance, EIS leads with 11.91% vs 9.32% for FENY. On fees, FENY is cheaper at 0.08% per year. On volatility, FENY has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EIS has performed better with a 11.91% return vs 9.32%. 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 0.59% for EIS.

FENY has the higher dividend yield at 2.43%, compared with 1.25% for EIS.

FENY is categorized as Energy Equities, while EIS is Foreign Large Cap Equities. FENY tracks MSCI USA IMI Energy 25/50 Index, while EIS tracks MSCI Israel Capped Investable Market Index (Net). They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FENY and 0.59% for EIS.

FENY currently has the higher Sharpe Ratio (2.19 vs 2.10), 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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