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FENY vs. XLE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FENY and XLE is 0.99, 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.


-0.50.00.51.01.0

Performance

FENY vs. XLE - Performance Comparison

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

30.00%40.00%50.00%60.00%70.00%JulyAugustSeptemberOctoberNovemberDecember
36.77%
47.19%
FENY
XLE

Key characteristics

Sharpe Ratio

FENY:

0.18

XLE:

0.13

Sortino Ratio

FENY:

0.36

XLE:

0.29

Omega Ratio

FENY:

1.04

XLE:

1.04

Calmar Ratio

FENY:

0.24

XLE:

0.17

Martin Ratio

FENY:

0.56

XLE:

0.39

Ulcer Index

FENY:

5.79%

XLE:

5.96%

Daily Std Dev

FENY:

18.13%

XLE:

17.91%

Max Drawdown

FENY:

-74.35%

XLE:

-71.54%

Current Drawdown

FENY:

-13.27%

XLE:

-13.59%

Returns By Period

In the year-to-date period, FENY achieves a 3.65% return, which is significantly higher than XLE's 2.71% return. Over the past 10 years, FENY has underperformed XLE with an annualized return of 3.70%, while XLE has yielded a comparatively higher 4.37% annualized return.


FENY

YTD

3.65%

1M

-11.46%

6M

-2.85%

1Y

1.88%

5Y*

12.17%

10Y*

3.70%

XLE

YTD

2.71%

1M

-12.44%

6M

-3.63%

1Y

1.09%

5Y*

11.81%

10Y*

4.37%

Compare stocks, funds, or ETFs

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


FENY vs. XLE - Expense Ratio Comparison

FENY has a 0.08% expense ratio, which is lower than XLE's 0.13% 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%.


XLE
Energy Select Sector SPDR Fund
Expense ratio chart for XLE: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%
Expense ratio chart for FENY: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FENY vs. XLE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) and Energy Select Sector SPDR Fund (XLE). 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.


Sharpe ratio
The chart of Sharpe ratio for FENY, currently valued at 0.18, compared to the broader market0.002.004.000.180.13
The chart of Sortino ratio for FENY, currently valued at 0.36, compared to the broader market-2.000.002.004.006.008.0010.000.360.29
The chart of Omega ratio for FENY, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.041.04
The chart of Calmar ratio for FENY, currently valued at 0.24, compared to the broader market0.005.0010.0015.000.240.17
The chart of Martin ratio for FENY, currently valued at 0.56, compared to the broader market0.0020.0040.0060.0080.00100.000.560.39
FENY
XLE

The current FENY Sharpe Ratio is 0.18, which is higher than the XLE Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of FENY and XLE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.18
0.13
FENY
XLE

Dividends

FENY vs. XLE - Dividend Comparison

FENY's dividend yield for the trailing twelve months is around 2.42%, less than XLE's 2.59% yield.


TTM20232022202120202019201820172016201520142013
FENY
Fidelity MSCI Energy Index ETF
2.42%3.33%3.33%3.69%4.60%6.43%3.21%2.94%2.29%3.05%1.91%0.32%
XLE
Energy Select Sector SPDR Fund
2.59%3.55%3.68%4.21%5.62%5.73%3.54%3.03%2.26%3.39%2.35%1.73%

Drawdowns

FENY vs. XLE - Drawdown Comparison

The maximum FENY drawdown since its inception was -74.35%, roughly equal to the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for FENY and XLE. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-13.27%
-13.59%
FENY
XLE

Volatility

FENY vs. XLE - Volatility Comparison

Fidelity MSCI Energy Index ETF (FENY) and Energy Select Sector SPDR Fund (XLE) have volatilities of 5.17% and 5.02%, 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.


4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
5.17%
5.02%
FENY
XLE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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