FENY vs. XES
Compare and contrast key facts about Fidelity MSCI Energy Index ETF (FENY) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
FENY and XES 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. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. Both FENY and XES 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 XES.
Key characteristics
| FENY | XES | |
|---|---|---|
| YTD Return | 10.93% | 7.03% |
| 1Y Return | 24.01% | 31.98% |
| 3Y Return (Ann) | 27.30% | 20.16% |
| 5Y Return (Ann) | 12.68% | -2.63% |
| 10Y Return (Ann) | 2.82% | -14.01% |
| Sharpe Ratio | 1.20 | 1.18 |
| Daily Std Dev | 18.97% | 28.32% |
| Max Drawdown | -74.35% | -95.65% |
| Current Drawdown | -5.55% | -79.36% |
Correlation
The correlation between FENY and XES is 0.88, 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. XES - Performance Comparison
In the year-to-date period, FENY achieves a 10.93% return, which is significantly higher than XES's 7.03% return. Over the past 10 years, FENY has outperformed XES with an annualized return of 2.82%, while XES has yielded a comparatively lower -14.01% 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. XES - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than XES's 0.35% expense ratio.
Risk-Adjusted Performance
FENY vs. XES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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. XES - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.90%, more than XES's 0.76% 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% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 0.76% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% | 1.59% | 0.63% |
Drawdowns
FENY vs. XES - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for FENY and XES. For additional features, visit the drawdowns tool.
Volatility
FENY vs. XES - Volatility Comparison
The current volatility for Fidelity MSCI Energy Index ETF (FENY) is 4.72%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 7.31%. This indicates that FENY experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.