FENY vs. VDE
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and Vanguard Energy ETF (VDE).
FENY and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both FENY and VDE 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 VDE.
Key characteristics
| FENY | VDE | |
|---|---|---|
| YTD Return | 10.93% | 10.95% |
| 1Y Return | 24.01% | 24.14% |
| 3Y Return (Ann) | 27.30% | 27.30% |
| 5Y Return (Ann) | 12.68% | 12.89% |
| 10Y Return (Ann) | 2.82% | 3.04% |
| Sharpe Ratio | 1.20 | 1.21 |
| Daily Std Dev | 18.97% | 18.97% |
| Max Drawdown | -74.35% | -74.16% |
| Current Drawdown | -5.55% | -5.51% |
Correlation
The correlation between FENY and VDE is 1.00, 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.
Performance
FENY vs. VDE - Performance Comparison
The year-to-date returns for both investments are quite close, with FENY having a 10.93% return and VDE slightly higher at 10.95%. Over the past 10 years, FENY has underperformed VDE with an annualized return of 2.82%, while VDE has yielded a comparatively higher 3.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FENY vs. VDE - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than VDE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FENY vs. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Vanguard Energy ETF (VDE). 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. VDE - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.90%, less than VDE's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.90% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
VDE Vanguard Energy ETF | 2.99% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
Drawdowns
FENY vs. VDE - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, roughly equal to the maximum VDE drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for FENY and VDE. For additional features, visit the drawdowns tool.
Volatility
FENY vs. VDE - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) and Vanguard Energy ETF (VDE) have volatilities of 4.72% and 4.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.