FENY vs. IVV
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and iShares Core S&P 500 ETF (IVV).
FENY and IVV 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both FENY and IVV 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 IVV.
Key characteristics
| FENY | IVV | |
|---|---|---|
| YTD Return | 10.93% | 7.92% |
| 1Y Return | 24.01% | 28.19% |
| 3Y Return (Ann) | 27.30% | 8.81% |
| 5Y Return (Ann) | 12.68% | 13.59% |
| 10Y Return (Ann) | 2.82% | 12.68% |
| Sharpe Ratio | 1.20 | 2.34 |
| Daily Std Dev | 18.97% | 11.67% |
| Max Drawdown | -74.35% | -55.25% |
| Current Drawdown | -5.55% | -2.26% |
Correlation
The correlation between FENY and IVV is 0.55, 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.
Performance
FENY vs. IVV - Performance Comparison
In the year-to-date period, FENY achieves a 10.93% return, which is significantly higher than IVV's 7.92% return. Over the past 10 years, FENY has underperformed IVV with an annualized return of 2.82%, while IVV has yielded a comparatively higher 12.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FENY vs. IVV - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FENY vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and iShares Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.90%, more than IVV's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.90% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
IVV iShares Core S&P 500 ETF | 1.35% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
FENY vs. IVV - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FENY and IVV. For additional features, visit the drawdowns tool.
Volatility
FENY vs. IVV - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 4.72% compared to iShares Core S&P 500 ETF (IVV) at 4.09%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.