FENY vs. IEO
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
FENY and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FENY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Energy Index. It was launched on Oct 21, 2013. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. Both FENY and IEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FENY or IEO.
Performance
FENY vs. IEO - Performance Comparison
Returns By Period
In the year-to-date period, FENY achieves a 15.38% return, which is significantly higher than IEO's 7.08% return. Over the past 10 years, FENY has underperformed IEO with an annualized return of 4.01%, while IEO has yielded a comparatively higher 4.53% annualized return.
FENY
15.38%
4.88%
1.26%
14.83%
16.13%
4.01%
IEO
7.08%
5.36%
-5.01%
9.42%
17.00%
4.53%
Key characteristics
| FENY | IEO | |
|---|---|---|
| Sharpe Ratio | 0.82 | 0.32 |
| Sortino Ratio | 1.22 | 0.57 |
| Omega Ratio | 1.15 | 1.07 |
| Calmar Ratio | 1.11 | 0.32 |
| Martin Ratio | 2.68 | 0.65 |
| Ulcer Index | 5.56% | 10.14% |
| Daily Std Dev | 18.07% | 20.75% |
| Max Drawdown | -74.35% | -79.17% |
| Current Drawdown | -1.76% | -11.36% |
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FENY vs. IEO - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than IEO's 0.42% expense ratio.
Correlation
The correlation between FENY and IEO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FENY vs. IEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
Dividends
FENY vs. IEO - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.94%, more than IEO's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.94% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.85% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% | 0.88% |
Drawdowns
FENY vs. IEO - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for FENY and IEO. For additional features, visit the drawdowns tool.
Volatility
FENY vs. IEO - Volatility Comparison
The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 5.12%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 6.32%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.