FENY vs. PWRZ

Last updated Jul 16, 2026

FENY (Fidelity MSCI Energy Index ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. FENY is passively managed, while PWRZ is actively managed. At a 0.40 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.75%/yr for PWRZ.

Performance

FENY vs. PWRZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Energy Index ETF (FENY) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FENY

• 1D: -0.85%
• 1M: 2.43%
• 6M: 19.38%
• YTD: 28.29%
• 1Y: 34.59%
• 3Y*: 15.55%
• 5Y*: 22.74%
• 10Y*: 8.73%

PWRZ

• 1D: -0.28%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FENY vs. PWRZ - Yearly Performance Comparison

	2026 (YTD)
FENY Fidelity MSCI Energy Index ETF	3.05%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.57%

Correlation

The correlation between FENY and PWRZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	0.40

Return for Risk

FENY vs. PWRZ — Risk / Return Rank

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

FENY

FENY Risk / Return Rank: 56
FENY Sharpe Ratio Rank: 63
FENY Sortino Ratio Rank: 58
FENY Omega Ratio Rank: 54
FENY Calmar Ratio Rank: 57
FENY Martin Ratio Rank: 47

PWRZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. PWRZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FENY	PWRZ	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.32	—	—
Martin ratio: Return relative to average drawdown	6.34	—	—

Drawdowns

FENY vs. PWRZ - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, which is greater than PWRZ's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for FENY and PWRZ.

Drawdown Indicators

	FENY	PWRZ	Difference
Max Drawdown Largest peak-to-trough decline	-74.35%	-0.40%	-73.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.47%	—	—
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	-9.17%	-0.28%	-8.89%
Average Drawdown Average peak-to-trough decline	-23.01%	-0.23%	-22.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	—	—

Volatility

Volatility by Period

	FENY	PWRZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.88%	11.81%	+9.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.34%	11.81%	+14.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.79%	11.81%	+17.98%

FENY vs. PWRZ - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is lower than PWRZ's 0.75% expense ratio.

Dividends

FENY vs. PWRZ - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.48%, while PWRZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENY Fidelity MSCI Energy Index ETF	2.48%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FENY and PWRZ in my portfolio?

FENY and PWRZ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FENY or PWRZ?

On fees, FENY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FENY or PWRZ?

FENY is cheaper with a 0.08% expense ratio, compared with 0.75% for PWRZ.

Which ETF pays a higher dividend yield, FENY or PWRZ?

FENY has the higher dividend yield at 2.48%, compared with 0.00% for PWRZ.

What is the main difference between FENY and PWRZ?

They also come from different issuers: Fidelity and TrueShares. Their fees differ too: 0.08% for FENY and 0.75% for PWRZ.