FENY vs. SBIO

Last updated Jun 9, 2026

FENY (Fidelity MSCI Energy Index ETF) and SBIO (ALPS Medical Breakthroughs ETF) are both exchange-traded funds - FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index, while SBIO is a Health & Biotech Equities fund tracking the S-Network Medical Breakthroughs Index. Both are passively managed. Over the past 10 years, FENY returned 9.32%/yr vs 8.36%/yr for SBIO. At a 0.27 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.50%/yr for SBIO.

Performance

FENY vs. SBIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Energy Index ETF (FENY) and ALPS Medical Breakthroughs ETF (SBIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FENY achieves a 31.30% return, which is significantly higher than SBIO's -1.72% return. Over the past 10 years, FENY has outperformed SBIO with an annualized return of 9.32%, while SBIO has yielded a comparatively lower 8.36% annualized return.

FENY

• 1D: 1.22%
• 1M: 3.82%
• YTD: 31.30%
• 6M: 29.90%
• 1Y: 44.41%
• 3Y*: 16.98%
• 5Y*: 20.27%
• 10Y*: 9.32%

SBIO

• 1D: -0.36%
• 1M: -9.33%
• YTD: -1.72%
• 6M: -2.48%
• 1Y: 59.38%
• 3Y*: 16.69%
• 5Y*: 1.33%
• 10Y*: 8.36%

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

FENY vs. SBIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FENY Fidelity MSCI Energy Index ETF	31.30%	7.27%	6.62%	-0.04%	62.94%	55.62%	-33.15%	9.11%	-19.99%	-2.30%
SBIO ALPS Medical Breakthroughs ETF	-1.72%	55.07%	3.81%	8.68%	-28.08%	-17.55%	21.17%	50.30%	-11.81%	45.67%

Correlation

The correlation between FENY and SBIO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.27

The correlation between FENY and SBIO shifts across timeframes, from -0.11 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

FENY vs. SBIO - Sectors Allocation Comparison

Sectors	FENY	SBIO
Energy	99.7%	-
Basic Materials	0.2%	-
Industrials	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-0.0%
Healthcare	-	100.0%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

FENY vs. SBIO — Risk / Return Rank

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

FENY

FENY Risk / Return Rank: 71
FENY Sharpe Ratio Rank: 75
FENY Sortino Ratio Rank: 68
FENY Omega Ratio Rank: 65
FENY Calmar Ratio Rank: 80
FENY Martin Ratio Rank: 66

SBIO

SBIO Risk / Return Rank: 73
SBIO Sharpe Ratio Rank: 69
SBIO Sortino Ratio Rank: 70
SBIO Omega Ratio Rank: 60
SBIO Calmar Ratio Rank: 88
SBIO Martin Ratio Rank: 78

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. SBIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and ALPS Medical Breakthroughs ETF (SBIO). 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	SBIO	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.02	+0.18
Sortino ratio: Return per unit of downside risk	2.81	2.85	-0.03
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	3.79	4.72	-0.93
Martin ratio: Return relative to average drawdown	10.95	13.54	-2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FENY vs. SBIO - Sharpe Ratio Comparison

The current FENY Sharpe Ratio is 2.19, which is comparable to the SBIO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FENY and SBIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FENY	SBIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.02	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.04	+0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.25	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.21	-0.01

Drawdowns

FENY vs. SBIO - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, which is greater than SBIO's maximum drawdown of -63.06%. Use the drawdown chart below to compare losses from any high point for FENY and SBIO.

Drawdown Indicators

	FENY	SBIO	Difference
Max Drawdown Largest peak-to-trough decline	-74.35%	-63.06%	-11.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-12.66%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-21.47%	-42.44%	+20.97%
Max Drawdown (5Y) Largest decline over 5 years	-26.64%	-53.10%	+26.46%
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	-63.06%	-6.01%
Current Drawdown Current decline from peak	-7.04%	-17.90%	+10.86%
Average Drawdown Average peak-to-trough decline	-23.11%	-28.43%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	4.40%	-0.33%

Volatility

FENY vs. SBIO - Volatility Comparison

The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 6.96%, while ALPS Medical Breakthroughs ETF (SBIO) has a volatility of 9.87%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than SBIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FENY	SBIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	9.87%	-2.91%
Volatility (6M) Calculated over the trailing 6-month period	16.35%	22.68%	-6.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.38%	29.62%	-9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.48%	33.56%	-7.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.80%	33.18%	-3.38%

FENY vs. SBIO - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is lower than SBIO's 0.50% expense ratio.

Dividends

FENY vs. SBIO - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.43%, while SBIO 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	2.43%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%
SBIO ALPS Medical Breakthroughs ETF	0.00%	0.00%	3.55%	0.22%	0.00%	0.00%	0.00%	0.04%	2.79%	1.77%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FENY and SBIO in my portfolio?

FENY and SBIO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FENY or SBIO?

SBIO has higher volatility (9.87%) compared to FENY (6.96%). In terms of maximum drawdown, FENY dropped -74.35% vs SBIO's -63.06%.

Which ETF is better, FENY or SBIO?

On 10-year performance, FENY leads with 9.32% vs 8.36% for SBIO. On fees, FENY is cheaper at 0.08% per year. On volatility, FENY has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FENY or SBIO?

Over the 10-year period, FENY has performed better with a 9.32% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FENY or SBIO?

FENY is cheaper with a 0.08% expense ratio, compared with 0.50% for SBIO.

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

FENY has the higher dividend yield at 2.43%, compared with 0.00% for SBIO.

What is the main difference between FENY and SBIO?

FENY is categorized as Energy Equities, while SBIO is Health & Biotech Equities. FENY tracks MSCI USA IMI Energy 25/50 Index, while SBIO tracks S-Network Medical Breakthroughs Index. They also come from different issuers: Fidelity and SS&C. Their fees differ too: 0.08% for FENY and 0.50% for SBIO.

Which has better risk-adjusted returns?

FENY currently has the higher Sharpe Ratio (2.19 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.