FENY vs. IYE
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and iShares U.S. Energy ETF (IYE).
FENY and IYE 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. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. Both FENY and IYE 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 IYE.
Key characteristics
| FENY | IYE | |
|---|---|---|
| YTD Return | 10.93% | 10.49% |
| 1Y Return | 24.01% | 21.53% |
| 3Y Return (Ann) | 27.30% | 25.40% |
| 5Y Return (Ann) | 12.68% | 11.50% |
| 10Y Return (Ann) | 2.82% | 2.39% |
| Sharpe Ratio | 1.20 | 1.10 |
| Daily Std Dev | 18.97% | 18.51% |
| Max Drawdown | -74.35% | -73.85% |
| Current Drawdown | -5.55% | -5.32% |
Correlation
The correlation between FENY and IYE is 1.00, 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.
Performance
FENY vs. IYE - Performance Comparison
The year-to-date returns for both stocks are quite close, with FENY having a 10.93% return and IYE slightly lower at 10.49%. Over the past 10 years, FENY has outperformed IYE with an annualized return of 2.82%, while IYE has yielded a comparatively lower 2.39% 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. IYE - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than IYE's 0.42% expense ratio.
Risk-Adjusted Performance
FENY vs. IYE - 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. Energy ETF (IYE). 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. IYE - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.90%, more than IYE's 2.55% 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% |
IYE iShares U.S. Energy ETF | 2.55% | 2.99% | 3.37% | 2.98% | 4.75% | 6.52% | 3.06% | 2.61% | 2.04% | 3.31% | 1.99% | 1.49% |
Drawdowns
FENY vs. IYE - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, roughly equal to the maximum IYE drawdown of -73.85%. Use the drawdown chart below to compare losses from any high point for FENY and IYE. For additional features, visit the drawdowns tool.
Volatility
FENY vs. IYE - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) and iShares U.S. Energy ETF (IYE) have volatilities of 4.72% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.