FENY vs. FTEC

Last updated Jun 4, 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 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 9.57%/yr vs 25.57%/yr for FTEC. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.08% expense ratio.

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 stocks are quite close, with FENY having a 32.28% return and FTEC slightly lower at 31.89%. Over the past 10 years, FENY has underperformed FTEC with an annualized return of 9.57%, while FTEC has yielded a comparatively higher 25.57% annualized return.

FENY

• 1D: 1.12%
• 1M: -2.02%
• YTD: 32.28%
• 6M: 29.37%
• 1Y: 45.42%
• 3Y*: 17.98%
• 5Y*: 20.48%
• 10Y*: 9.57%

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

*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	32.28%	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	31.89%	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 -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
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	0.29
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.33

The correlation between FENY and FTEC shifts across timeframes, from -0.11 (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%	0.4%
Basic Materials	0.2%	-
Industrials	0.1%	0.6%
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	-
Financial Services	-	0.6%
Healthcare	-	-
Real Estate	-	-
Technology	-	98.0%
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: 64
FENY Sharpe Ratio Rank: 66
FENY Sortino Ratio Rank: 60
FENY Omega Ratio Rank: 57
FENY Calmar Ratio Rank: 75
FENY Martin Ratio Rank: 62

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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.

	FENY	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.97	-0.73
Sortino ratio: Return per unit of downside risk	2.87	3.65	-0.78
Omega ratio: Gain probability vs. loss probability	1.36	1.48	-0.12
Calmar ratio: Return relative to maximum drawdown	3.87	3.76	+0.11
Martin ratio: Return relative to average drawdown	11.41	12.10	-0.69
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. FTEC - Sharpe Ratio Comparison

The current FENY Sharpe Ratio is 2.24, which is comparable to the FTEC Sharpe Ratio of 2.97. 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.

Sharpe Ratios by Period

	FENY	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.97	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.90	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	1.04	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.99	-0.79

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	-11.78%	-16.26%	+4.48%
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	-6.35%	-1.49%	-4.86%
Average Drawdown Average peak-to-trough decline	-23.12%	-5.56%	-17.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	5.05%	-1.06%

Volatility

FENY vs. FTEC - Volatility Comparison

Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 7.96% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.43%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier 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	7.96%	6.43%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	16.33%	16.14%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	20.63%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.46%	25.23%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.80%	24.69%	+5.11%

FENY vs. FTEC - Expense Ratio Comparison

Both FENY and FTEC 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%.

Dividends

FENY vs. FTEC - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.41%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENY Fidelity MSCI Energy Index ETF	2.41%	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	0.32%	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 -0.11, 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?

FENY has higher volatility (7.96%) compared to FTEC (6.43%). 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 25.57% vs 9.57% for FENY. Both ETFs have the same 0.08% expense ratio. On volatility, FTEC has been the lower-risk option at 6.43%. 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 25.57% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FENY or FTEC?

FENY and FTEC have the same expense ratio: 0.08% per year.

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

FENY has the higher dividend yield at 2.41%, compared with 0.32% 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 Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 2.24), 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.