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FENY vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FENY vs. TUR

Last updated Jun 9, 2026

FENY (Fidelity MSCI Energy Index ETF) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, FENY returned 9.32%/yr vs 2.67%/yr for TUR. At a 0.24 correlation, their price movements are largely independent. FENY charges 0.08%/yr vs 0.59%/yr for TUR.

Performance

FENY vs. TUR - Performance Comparison

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

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Returns By Period

In the year-to-date period, FENY achieves a 31.30% return, which is significantly higher than TUR's 12.06% return. Over the past 10 years, FENY has outperformed TUR with an annualized return of 9.32%, while TUR has yielded a comparatively lower 2.67% 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%

TUR

1D
1.26%
1M
-11.46%
YTD
12.06%
6M
13.21%
1Y
25.17%
3Y*
10.28%
5Y*
13.98%
10Y*
2.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FENY vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
TUR
iShares MSCI Turkey ETF		12.06%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%

Correlation

The correlation between FENY and TUR is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2013

0.24

The correlation between FENY and TUR shifts across timeframes, from -0.08 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

FENY vs. TUR - Sectors Allocation Comparison

Sectors
FENY
TUR

Energy

99.7%
5.9%

Basic Materials

0.2%
9.8%

Industrials

0.1%
32.0%

Communication Services

-

3.2%

Consumer Cyclical

-

6.3%

Consumer Defensive

-

11.4%

Financial Services

-

22.0%

Healthcare

-

1.8%

Real Estate

-

4.1%

Technology

-

0.8%

Utilities

-

3.5%

Energy

FENY
99.7%
TUR
5.9%

Basic Materials

FENY
0.2%
TUR
9.8%

Industrials

FENY
0.1%
TUR
32.0%

Communication Services

FENY

-

TUR
3.2%

Consumer Cyclical

FENY

-

TUR
6.3%

Consumer Defensive

FENY

-

TUR
11.4%

Financial Services

FENY

-

TUR
22.0%

Healthcare

FENY

-

TUR
1.8%

Real Estate

FENY

-

TUR
4.1%

Technology

FENY

-

TUR
0.8%

Utilities

FENY

-

TUR
3.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity MSCI Energy Index ETF

iShares MSCI Turkey ETF

Often compared with FENY:
FENY vs. XLEFENY vs. VDEFENY vs. FSENXFENY vs. IYEFENY vs. FNARXFENY vs. SCHDFENY vs. IEO
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

FENY vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FENY
FENY Risk / Return Rank: 7171
Overall Rank
FENY Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FENY Sortino Ratio Rank: 6868
Sortino Ratio Rank
FENY Omega Ratio Rank: 6565
Omega Ratio Rank
FENY Calmar Ratio Rank: 8080
Calmar Ratio Rank
FENY Martin Ratio Rank: 6666
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 3232
Overall Rank
TUR Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 3131
Sortino Ratio Rank
TUR Omega Ratio Rank: 3333
Omega Ratio Rank
TUR Calmar Ratio Rank: 3535
Calmar Ratio Rank
TUR Martin Ratio Rank: 3333
Martin Ratio Rank
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. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and iShares MSCI Turkey ETF (TUR). 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.

FENYTURDifference
Sharpe ratioReturn per unit of total volatility
2.19
0.99

+1.20

Sortino ratioReturn per unit of downside risk
2.81
1.53

+1.28

Omega ratioGain probability vs. loss probability

1.35

1.20

+0.15

Calmar ratioReturn relative to maximum drawdown

3.79

1.57

+2.21

Martin ratioReturn relative to average drawdown

10.95

4.58

+6.37

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. TUR - Sharpe Ratio Comparison

The current FENY Sharpe Ratio is 2.19, which is higher than the TUR Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FENY and TUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FENYTURDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

0.99

+1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.41

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

0.08

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.03

+0.16

Drawdowns

FENY vs. TUR - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, roughly equal to the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for FENY and TUR.

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Drawdown Indicators

FENYTURDifference

Max Drawdown

Largest peak-to-trough decline

-74.35%

-72.34%

-2.01%

Max Drawdown (1Y)

Largest decline over 1 year

-11.78%

-16.07%

+4.29%

Max Drawdown (3Y)

Largest decline over 3 years

-21.47%

-31.63%

+10.16%

Max Drawdown (5Y)

Largest decline over 5 years

-26.64%

-31.63%

+4.99%

Max Drawdown (10Y)

Largest decline over 10 years

-69.07%

-59.25%

-9.82%

Current Drawdown

Current decline from peak

-7.04%

-29.48%

+22.44%

Average Drawdown

Average peak-to-trough decline

-23.11%

-39.89%

+16.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

5.51%

-1.44%

Volatility

FENY vs. TUR - Volatility Comparison

The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 6.96%, while iShares MSCI Turkey ETF (TUR) has a volatility of 14.02%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FENYTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

14.02%

-7.06%

Volatility (6M)

Calculated over the trailing 6-month period

16.35%

20.10%

-3.75%

Volatility (1Y)

Calculated over the trailing 1-year period

20.38%

25.46%

-5.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.48%

34.18%

-7.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.80%

34.41%

-4.61%

FENY vs. TUR - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is lower than TUR's 0.59% expense ratio.

Dividends

FENY vs. TUR - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.43%, more than TUR's 2.14% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
TUR
iShares MSCI Turkey ETF		2.14%2.40%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.64%2.89%3.04%

Frequently Asked Questions

FENY and TUR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TUR has higher volatility (14.02%) compared to FENY (6.96%). In terms of maximum drawdown, FENY dropped -74.35% vs TUR's -72.34%.

On 10-year performance, FENY leads with 9.32% vs 2.67% for TUR. 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.

Over the 10-year period, FENY has performed better with a 9.32% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FENY is cheaper with a 0.08% expense ratio, compared with 0.59% for TUR.

FENY has the higher dividend yield at 2.43%, compared with 2.14% for TUR.

FENY is categorized as Energy Equities, while TUR is Emerging Markets Equities. FENY tracks MSCI USA IMI Energy 25/50 Index, while TUR tracks MSCI Turkey Investable Market Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FENY and 0.59% for TUR.

FENY currently has the higher Sharpe Ratio (2.19 vs 0.99), 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.

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