FENY vs. GXPE
FENY (Fidelity MSCI Energy Index ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - FENY tracks the MSCI USA IMI Energy 25/50 Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. FENY charges 0.08%/yr vs 0.15%/yr for GXPE.
Performance
FENY vs. GXPE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FENY having a 28.29% return and GXPE slightly lower at 27.18%.
FENY
- 1D
- -0.85%
- 1M
- 2.43%
- 6M
- 19.38%
- YTD
- 28.29%
- 1Y
- 34.59%
- 3Y*
- 15.55%
- 5Y*
- 22.74%
- 10Y*
- 8.73%
GXPE
- 1D
- -0.81%
- 1M
- 2.83%
- 6M
- 18.49%
- YTD
- 27.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FENY vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 28.29% | 6.60% |
GXPE Global X PureCap MSCI Energy ETF | 27.18% | 4.62% |
Correlation
The correlation between FENY and GXPE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.98 |
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Return for Risk
FENY vs. GXPE — Risk / Return Rank
FENY
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FENY vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Global X PureCap MSCI Energy ETF (GXPE). 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 | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 6.34 | — | — |
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Drawdowns
FENY vs. GXPE - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than GXPE's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for FENY and GXPE.
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Drawdown Indicators
| FENY | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -15.73% | -58.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | — | — |
Current DrawdownCurrent decline from peak | -9.17% | -9.72% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -4.19% | -18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | — | — |
Volatility
FENY vs. GXPE - Volatility Comparison
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Volatility by Period
| FENY | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.88% | 20.79% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.34% | 20.79% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.79% | 20.79% | +9.00% |
FENY vs. GXPE - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than GXPE's 0.15% expense ratio. Despite the difference, 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. GXPE - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.48%, more than GXPE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.48% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
GXPE Global X PureCap MSCI Energy ETF | 2.19% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, FENY and GXPE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FENY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FENY is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPE.
FENY has the higher dividend yield at 2.48%, compared with 2.19% for GXPE.
FENY tracks MSCI USA IMI Energy 25/50 Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.08% for FENY and 0.15% for GXPE.
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