FENY vs. RYE
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and Invesco S&P 500® Equal Weight Energy ETF (RYE).
FENY and RYE 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. RYE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Energy -SEC. It was launched on Nov 1, 2006. Both FENY and RYE 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 RYE.
Performance
FENY vs. RYE - Performance Comparison
Returns By Period
FENY
15.38%
4.88%
1.26%
14.83%
16.13%
4.01%
RYE
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| FENY | RYE |
|---|
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FENY vs. RYE - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than RYE's 0.40% expense ratio.
Correlation
The correlation between FENY and RYE is 0.94, 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.
Risk-Adjusted Performance
FENY vs. RYE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Invesco S&P 500® Equal Weight Energy ETF (RYE). 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. RYE - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.94%, while RYE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.94% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
RYE Invesco S&P 500® Equal Weight Energy ETF | 2.09% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% | 1.97% | 0.98% |
Drawdowns
FENY vs. RYE - Drawdown Comparison
Volatility
FENY vs. RYE - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 5.12% compared to Invesco S&P 500® Equal Weight Energy ETF (RYE) at 0.00%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier than RYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.