FENY vs. OILT
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and Texas Capital Texas Oil Index ETF (OILT).
FENY and OILT 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. OILT is a passively managed fund by Texas Capital that tracks the performance of the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. It was launched on Dec 20, 2023. Both FENY and OILT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FENY vs. OILT - Performance Comparison
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FENY vs. OILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 38.13% | 7.27% | 6.62% | -1.12% |
OILT Texas Capital Texas Oil Index ETF | 44.81% | -3.30% | 0.87% | -0.16% |
Returns By Period
In the year-to-date period, FENY achieves a 38.13% return, which is significantly lower than OILT's 44.81% return.
FENY
- 1D
- -1.13%
- 1M
- 10.37%
- YTD
- 38.13%
- 6M
- 39.46%
- 1Y
- 37.23%
- 3Y*
- 18.44%
- 5Y*
- 24.19%
- 10Y*
- 11.01%
OILT
- 1D
- -1.68%
- 1M
- 17.56%
- YTD
- 44.81%
- 6M
- 44.96%
- 1Y
- 38.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FENY vs. OILT - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than OILT's 0.35% expense ratio.
Return for Risk
FENY vs. OILT — Risk / Return Rank
FENY
OILT
FENY vs. OILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Texas Capital Texas Oil Index ETF (OILT). 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.
| FENY | OILT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.12 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.58 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.64 | +0.38 |
Martin ratioReturn relative to average drawdown | 5.81 | 4.58 | +1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FENY | OILT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.12 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.58 | -0.37 |
Correlation
The correlation between FENY and OILT is 0.92, 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.
Dividends
FENY vs. OILT - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.31%, more than OILT's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.31% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
OILT Texas Capital Texas Oil Index ETF | 2.27% | 3.12% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FENY vs. OILT - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for FENY and OILT.
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Drawdown Indicators
| FENY | OILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -35.21% | -39.14% |
Max Drawdown (1Y)Largest decline over 1 year | -19.11% | -24.58% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -2.28% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -23.35% | -13.25% | -10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 8.83% | -2.17% |
Volatility
FENY vs. OILT - Volatility Comparison
The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 4.97%, while Texas Capital Texas Oil Index ETF (OILT) has a volatility of 6.20%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than OILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FENY | OILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 6.20% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 18.58% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.03% | 34.47% | -9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 28.31% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 28.31% | +1.39% |