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FENY vs. INFR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FENY vs. INFR

Last updated Jun 4, 2026

FENY (Fidelity MSCI Energy Index ETF) and INFR (ClearBridge Sustainable Infrastructure ETF) are both Energy Equities funds - FENY tracks the MSCI USA IMI Energy Index while INFR tracks the RARE Global Infrastructure Index. Both are passively managed. Over the past 3 years, FENY returned 17.98%/yr vs 5.55%/yr for INFR. At a 0.19 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.59%/yr for INFR.

Performance

FENY vs. INFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Energy Index ETF (FENY) and ClearBridge Sustainable Infrastructure ETF (INFR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FENY achieves a 32.28% return, which is significantly higher than INFR's 1.41% 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%

INFR

1D
0.00%
1M
0.00%
YTD
1.41%
6M
0.97%
1Y
7.79%
3Y*
5.55%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FENY vs. INFR - Yearly Performance Comparison

2026 (YTD)2025202420232022
FENY
Fidelity MSCI Energy Index ETF		32.28%7.27%6.62%-0.04%4.33%
INFR
ClearBridge Sustainable Infrastructure ETF		1.41%24.00%-6.23%5.20%-0.19%

Correlation

The correlation between FENY and INFR is 0.01, 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

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2022

0.19

The correlation between FENY and INFR shifts across timeframes, from 0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

FENY vs. INFR - Sectors Allocation Comparison

Sectors
FENY
INFR

Energy

99.7%

-

Basic Materials

0.2%

-

Industrials

0.1%
27.5%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

4.1%

Technology

-

-

Utilities

-

68.5%

Energy

FENY
99.7%
INFR

-

Basic Materials

FENY
0.2%
INFR

-

Industrials

FENY
0.1%
INFR
27.5%

Communication Services

FENY

-

INFR

-

Consumer Cyclical

FENY

-

INFR

-

Consumer Defensive

FENY

-

INFR

-

Financial Services

FENY

-

INFR

-

Healthcare

FENY

-

INFR

-

Real Estate

FENY

-

INFR
4.1%

Technology

FENY

-

INFR

-

Utilities

FENY

-

INFR
68.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity MSCI Energy Index ETF

ClearBridge Sustainable Infrastructure ETF

Often compared with FENY:
FENY vs. XLEFENY vs. VDEFENY vs. FSENXFENY vs. IYEFENY vs. FNARXFENY vs. SCHDFENY vs. IEO
Often compared with INFR:
INFR vs. DTCRINFR vs. IGFINFR vs. ICAPINFR vs. GIN.LINFR vs. SPYINFR vs. EFAVINFR vs. QUAL

Return for Risk

FENY vs. INFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FENY
FENY Risk / Return Rank: 6464
Overall Rank
FENY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
FENY Sortino Ratio Rank: 6060
Sortino Ratio Rank
FENY Omega Ratio Rank: 5757
Omega Ratio Rank
FENY Calmar Ratio Rank: 7575
Calmar Ratio Rank
FENY Martin Ratio Rank: 6262
Martin Ratio Rank
INFR
INFR Risk / Return Rank: 2727
Overall Rank
INFR Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
INFR Sortino Ratio Rank: 2525
Sortino Ratio Rank
INFR Omega Ratio Rank: 3131
Omega Ratio Rank
INFR Calmar Ratio Rank: 2626
Calmar Ratio Rank
INFR Martin Ratio Rank: 2828
Martin Ratio Rank
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. INFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and ClearBridge Sustainable Infrastructure ETF (INFR). 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.

FENYINFRDifference
Sharpe ratioReturn per unit of total volatility
2.24
0.93

+1.32

Sortino ratioReturn per unit of downside risk
2.87
1.36

+1.51

Omega ratioGain probability vs. loss probability

1.36

1.21

+0.15

Calmar ratioReturn relative to maximum drawdown

3.87

1.28

+2.59

Martin ratioReturn relative to average drawdown

11.41

3.97

+7.45

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. INFR - Sharpe Ratio Comparison

The current FENY Sharpe Ratio is 2.24, which is higher than the INFR Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FENY and INFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FENYINFRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

0.93

+1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.32

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.46

-0.26

Drawdowns

FENY vs. INFR - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, which is greater than INFR's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for FENY and INFR.

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Drawdown Indicators

FENYINFRDifference

Max Drawdown

Largest peak-to-trough decline

-74.35%

-19.28%

-55.07%

Max Drawdown (1Y)

Largest decline over 1 year

-11.78%

-6.43%

-5.35%

Max Drawdown (3Y)

Largest decline over 3 years

-21.47%

-18.55%

-2.92%

Max Drawdown (5Y)

Largest decline over 5 years

-26.64%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-69.07%

—

—

Current Drawdown

Current decline from peak

-6.35%

-0.70%

-5.65%

Average Drawdown

Average peak-to-trough decline

-23.12%

-4.93%

-18.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

2.04%

+1.95%

Volatility

FENY vs. INFR - Volatility Comparison

Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 7.96% compared to ClearBridge Sustainable Infrastructure ETF (INFR) at 0.00%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier than INFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FENYINFRDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.96%

0.00%

+7.96%

Volatility (6M)

Calculated over the trailing 6-month period

16.33%

3.79%

+12.54%

Volatility (1Y)

Calculated over the trailing 1-year period

20.39%

9.00%

+11.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.46%

14.26%

+12.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.80%

14.26%

+15.54%

FENY vs. INFR - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is lower than INFR's 0.59% expense ratio.

Dividends

FENY vs. INFR - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.41%, less than INFR's 2.49% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
INFR
ClearBridge Sustainable Infrastructure ETF		2.49%2.52%2.36%3.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FENY and INFR have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FENY has higher volatility (7.96%) compared to INFR (0.00%). In terms of maximum drawdown, FENY dropped -74.35% vs INFR's -19.28%.

On 3-year performance, FENY leads with 17.98% vs 5.55% for INFR. On fees, FENY is cheaper at 0.08% per year. On volatility, INFR has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, FENY has performed better with a 17.98% return vs 5.55%. 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 0.59% for INFR.

INFR has the higher dividend yield at 2.49%, compared with 2.41% for FENY.

FENY tracks MSCI USA IMI Energy Index, while INFR tracks RARE Global Infrastructure Index. They also come from different issuers: Fidelity and ClearBridge. Their fees differ too: 0.08% for FENY and 0.59% for INFR.

FENY currently has the higher Sharpe Ratio (2.24 vs 0.93), 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.

Portfolio Optimizer

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