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FENY vs. IEO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FENY and IEO is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

FENY vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Energy Index ETF (FENY) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
34.30%
28.46%
FENY
IEO

Key characteristics

Sharpe Ratio

FENY:

-0.43

IEO:

-0.71

Sortino Ratio

FENY:

-0.42

IEO:

-0.82

Omega Ratio

FENY:

0.94

IEO:

0.88

Calmar Ratio

FENY:

-0.51

IEO:

-0.67

Martin Ratio

FENY:

-1.44

IEO:

-1.62

Ulcer Index

FENY:

7.59%

IEO:

12.98%

Daily Std Dev

FENY:

25.37%

IEO:

29.79%

Max Drawdown

FENY:

-74.35%

IEO:

-79.17%

Current Drawdown

FENY:

-14.83%

IEO:

-24.23%

Returns By Period

In the year-to-date period, FENY achieves a -4.54% return, which is significantly higher than IEO's -7.12% return. Over the past 10 years, FENY has outperformed IEO with an annualized return of 3.36%, while IEO has yielded a comparatively lower 3.05% annualized return.


FENY

YTD

-4.54%

1M

-11.48%

6M

-6.80%

1Y

-11.56%

5Y*

24.66%

10Y*

3.36%

IEO

YTD

-7.12%

1M

-12.50%

6M

-9.26%

1Y

-21.72%

5Y*

27.55%

10Y*

3.05%

*Annualized

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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.


Expense ratio chart for IEO: current value is 0.42%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IEO: 0.42%
Expense ratio chart for FENY: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FENY: 0.08%

Risk-Adjusted Performance

FENY vs. IEO — Risk-Adjusted Performance Rank

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

FENY
The Risk-Adjusted Performance Rank of FENY is 55
Overall Rank
The Sharpe Ratio Rank of FENY is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of FENY is 77
Sortino Ratio Rank
The Omega Ratio Rank of FENY is 66
Omega Ratio Rank
The Calmar Ratio Rank of FENY is 22
Calmar Ratio Rank
The Martin Ratio Rank of FENY is 33
Martin Ratio Rank

IEO
The Risk-Adjusted Performance Rank of IEO is 22
Overall Rank
The Sharpe Ratio Rank of IEO is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of IEO is 33
Sortino Ratio Rank
The Omega Ratio Rank of IEO is 22
Omega Ratio Rank
The Calmar Ratio Rank of IEO is 11
Calmar Ratio Rank
The Martin Ratio Rank of IEO is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FENY, currently valued at -0.43, compared to the broader market-1.000.001.002.003.004.00
FENY: -0.43
IEO: -0.71
The chart of Sortino ratio for FENY, currently valued at -0.42, compared to the broader market-2.000.002.004.006.008.00
FENY: -0.42
IEO: -0.82
The chart of Omega ratio for FENY, currently valued at 0.94, compared to the broader market0.501.001.502.00
FENY: 0.94
IEO: 0.88
The chart of Calmar ratio for FENY, currently valued at -0.51, compared to the broader market0.002.004.006.008.0010.0012.00
FENY: -0.51
IEO: -0.67
The chart of Martin ratio for FENY, currently valued at -1.44, compared to the broader market0.0020.0040.0060.00
FENY: -1.44
IEO: -1.62

The current FENY Sharpe Ratio is -0.43, which is higher than the IEO Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of FENY and IEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
-0.43
-0.71
FENY
IEO

Dividends

FENY vs. IEO - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 3.28%, more than IEO's 2.77% yield.


TTM20242023202220212020201920182017201620152014
FENY
Fidelity MSCI Energy Index ETF
3.28%3.05%3.33%3.33%3.69%4.60%6.43%3.21%2.94%2.29%3.05%1.91%
IEO
iShares U.S. Oil & Gas Exploration & Production ETF
2.77%2.63%3.00%3.77%2.62%3.17%1.85%1.67%0.94%0.98%2.03%1.30%

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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.83%
-24.23%
FENY
IEO

Volatility

FENY vs. IEO - Volatility Comparison

The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 17.66%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 21.16%. 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.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
17.66%
21.16%
FENY
IEO