FENY vs. IAUM
FENY (Fidelity MSCI Energy Index ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, FENY returned 22.96%/yr vs 17.21%/yr for IAUM. At a 0.13 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.09%/yr for IAUM.
Performance
FENY vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, FENY achieves a 31.48% return, which is significantly higher than IAUM's -7.12% return.
FENY
- 1D
- 0.44%
- 1M
- 8.43%
- 6M
- 23.04%
- YTD
- 31.48%
- 1Y
- 39.04%
- 3Y*
- 15.11%
- 5Y*
- 22.96%
- 10Y*
- 9.16%
- ALL TIME*
- 5.42%
IAUM
- 1D
- -0.18%
- 1M
- -4.97%
- 6M
- -12.59%
- YTD
- -7.12%
- 1Y
- 19.59%
- 3Y*
- 26.77%
- 5Y*
- 17.21%
- 10Y*
- —
- ALL TIME*
- 17.56%
FENY vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 31.48% | 7.27% | 6.62% | -0.04% | 62.94% | 5.82% |
IAUM iShares Gold Trust Micro | -7.12% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between FENY and IAUM is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.13 |
The correlation between FENY and IAUM shifts across timeframes, from -0.02 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FENY vs. IAUM — Risk / Return Rank
FENY
IAUM
FENY vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.75 | +1.87 |
| Martin ratioReturn relative to average drawdown | 7.08 | 1.75 | +5.33 |
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Drawdowns
FENY vs. IAUM - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than IAUM's maximum drawdown of -26.31%. Use the drawdown chart below to compare losses from any high point for FENY and IAUM.
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Drawdown Indicators
| FENY | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -26.31% | -48.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -26.31% | +11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.47% | -26.31% | +4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | -26.31% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | — | — |
Current DrawdownCurrent decline from peak | -6.92% | -25.77% | +18.85% |
Average DrawdownAverage peak-to-trough decline | -23.00% | -5.74% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 11.24% | -5.71% |
Volatility
FENY vs. IAUM - Volatility Comparison
The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 5.94%, while iShares Gold Trust Micro (IAUM) has a volatility of 6.30%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FENY | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 6.30% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.41% | 23.90% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 27.75% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.25% | 18.26% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.79% | 18.17% | +11.62% |
FENY vs. IAUM - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than IAUM's 0.09% 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. IAUM - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.42%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.42% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FENY and IAUM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (6.30%) compared to FENY (5.94%). In terms of maximum drawdown, FENY dropped -74.35% vs IAUM's -26.31%.
On 5-year performance, FENY leads with 22.96% vs 17.21% for IAUM. On fees, FENY is cheaper at 0.08% per year. On volatility, FENY has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FENY has performed better with a 22.96% return vs 17.21%. 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 0.09% for IAUM.
FENY has the higher dividend yield at 2.42%, compared with 0.00% for IAUM.
FENY is categorized as Energy Equities, while IAUM is Gold. FENY tracks MSCI USA IMI Energy 25/50 Index, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FENY and 0.09% for IAUM.
FENY currently has the higher Sharpe Ratio (1.88 vs 0.71), 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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