FENY vs. VOO
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and Vanguard S&P 500 ETF (VOO).
FENY and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FENY and VOO 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 VOO.
Key characteristics
| FENY | VOO | |
|---|---|---|
| YTD Return | 12.02% | 5.98% |
| 1Y Return | 16.36% | 22.69% |
| 3Y Return (Ann) | 28.97% | 8.02% |
| 5Y Return (Ann) | 13.14% | 13.41% |
| 10Y Return (Ann) | 2.97% | 12.42% |
| Sharpe Ratio | 0.78 | 1.93 |
| Daily Std Dev | 19.51% | 11.69% |
| Max Drawdown | -74.35% | -33.99% |
| Current Drawdown | -4.61% | -4.14% |
Correlation
The correlation between FENY and VOO is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FENY vs. VOO - Performance Comparison
In the year-to-date period, FENY achieves a 12.02% return, which is significantly higher than VOO's 5.98% return. Over the past 10 years, FENY has underperformed VOO with an annualized return of 2.97%, while VOO has yielded a comparatively higher 12.42% 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. VOO - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.87%, more than VOO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.87% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
VOO Vanguard S&P 500 ETF | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FENY vs. VOO - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FENY and VOO. For additional features, visit the drawdowns tool.
Volatility
FENY vs. VOO - Volatility Comparison
Fidelity MSCI Energy Index ETF (FENY) has a higher volatility of 4.73% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that FENY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.