FENY vs. FTEC

Last updated Jun 24, 2026

FENY (Fidelity MSCI Energy Index ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, FENY returned 8.75%/yr vs 25.28%/yr for FTEC. At a 0.33 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.08%/yr for FTEC.

Performance

FENY vs. FTEC - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FENY having a 23.55% return and FTEC slightly higher at 23.56%. Over the past 10 years, FENY has underperformed FTEC with an annualized return of 8.75%, while FTEC has yielded a comparatively higher 25.28% annualized return.

FENY

• 1D: 0.63%
• 1M: -7.95%
• YTD: 23.55%
• 6M: 24.05%
• 1Y: 30.81%
• 3Y*: 16.13%
• 5Y*: 18.76%
• 10Y*: 8.75%

FTEC

• 1D: -3.70%
• 1M: 0.35%
• YTD: 23.56%
• 6M: 21.69%
• 1Y: 47.58%
• 3Y*: 30.58%
• 5Y*: 19.77%
• 10Y*: 25.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FENY vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FENY Fidelity MSCI Energy Index ETF	23.55%	7.27%	6.62%	-0.04%	62.94%	55.62%	-33.15%	9.11%	-19.99%	-2.30%
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between FENY and FTEC 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	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.33

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

FENY vs. FTEC - Sectors Allocation Comparison

Sectors	FENY	FTEC
Energy	99.7%	0.3%
Basic Materials	0.3%	0.0%
Industrials	0.1%	0.6%
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	-
Financial Services	-	0.6%
Healthcare	-	-
Real Estate	-	-
Technology	-	98.3%
Utilities	-	-

Return for Risk

FENY vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FENY

FENY Risk / Return Rank: 43
FENY Sharpe Ratio Rank: 45
FENY Sortino Ratio Rank: 41
FENY Omega Ratio Rank: 39
FENY Calmar Ratio Rank: 46
FENY Martin Ratio Rank: 43

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FENY	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.10	-0.60
Sortino ratio: Return per unit of downside risk	2.02	2.63	-0.61
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio: Return relative to maximum drawdown	2.19	2.94	-0.75
Martin ratio: Return relative to average drawdown	6.73	9.03	-2.30

FENY vs. FTEC - Sharpe Ratio Comparison

The current FENY Sharpe Ratio is 1.50, which is comparable to the FTEC Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FENY and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FENY vs. FTEC - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FENY and FTEC.

Drawdown Indicators

	FENY	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-74.35%	-34.95%	-39.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-16.26%	+2.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.47%	-27.30%	+5.83%
Max Drawdown (5Y) Largest decline over 5 years	-26.64%	-34.95%	+8.31%
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	-34.95%	-34.12%
Current Drawdown Current decline from peak	-12.53%	-7.72%	-4.81%
Average Drawdown Average peak-to-trough decline	-23.06%	-5.57%	-17.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	5.28%	-0.69%

Volatility

FENY vs. FTEC - Volatility Comparison

The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 7.07%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 11.42%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FENY	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	11.42%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	16.59%	18.65%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	22.79%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.43%	25.60%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.81%	24.86%	+4.95%

FENY vs. FTEC - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FENY vs. FTEC - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.57%, more than FTEC's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENY Fidelity MSCI Energy Index ETF	2.57%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FENY and FTEC in my portfolio?

FENY and FTEC 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.

Which is riskier, FENY or FTEC?

FTEC has higher volatility (11.42%) compared to FENY (7.07%). In terms of maximum drawdown, FENY dropped -74.35% vs FTEC's -34.95%.

Which ETF is better, FENY or FTEC?

On 10-year performance, FTEC leads with 25.28% vs 8.75% for FENY. On fees, FTEC is cheaper at 0.08% per year. On volatility, FENY has been the lower-risk option at 7.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FENY or FTEC?

Over the 10-year period, FTEC has performed better with a 25.28% return vs 8.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FENY or FTEC?

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

Which ETF pays a higher dividend yield, FENY or FTEC?

FENY has the higher dividend yield at 2.57%, compared with 0.36% for FTEC.

What is the main difference between FENY and FTEC?

FENY is categorized as Energy Equities, while FTEC is Technology Equities. FENY tracks MSCI USA IMI Energy 25/50 Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. Their fees differ too: 0.08% for FENY and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.10 vs 1.50), 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.