Correlation
The correlation between FIKAX and FENY is 0.49, 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.
FIKAX vs. FENY
Compare and contrast key facts about Fidelity Advisor Energy Fund Class Z (FIKAX) and Fidelity MSCI Energy Index ETF (FENY).
FIKAX is managed by Fidelity. It was launched on Oct 2, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKAX or FENY.
Performance
FIKAX vs. FENY - Performance Comparison
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Key characteristics
FIKAX:
-0.42
FENY:
-0.30
FIKAX:
-0.46
FENY:
-0.30
FIKAX:
0.93
FENY:
0.96
FIKAX:
-0.48
FENY:
-0.41
FIKAX:
-1.50
FENY:
-1.06
FIKAX:
8.27%
FENY:
8.26%
FIKAX:
26.61%
FENY:
25.51%
FIKAX:
-71.09%
FENY:
-74.35%
FIKAX:
-16.70%
FENY:
-15.21%
Returns By Period
In the year-to-date period, FIKAX achieves a -4.05% return, which is significantly higher than FENY's -4.96% return.
FIKAX
-4.05%
3.30%
-11.37%
-12.86%
0.84%
22.47%
N/A
FENY
-4.96%
1.26%
-13.57%
-9.65%
1.62%
21.69%
3.67%
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FIKAX vs. FENY - Expense Ratio Comparison
FIKAX has a 0.63% expense ratio, which is higher than FENY's 0.08% expense ratio.
Risk-Adjusted Performance
FIKAX vs. FENY — Risk-Adjusted Performance Rank
FIKAX
FENY
FIKAX vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Energy Fund Class Z (FIKAX) and Fidelity MSCI Energy Index ETF (FENY). 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.
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Dividends
FIKAX vs. FENY - Dividend Comparison
FIKAX's dividend yield for the trailing twelve months is around 1.09%, less than FENY's 3.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKAX Fidelity Advisor Energy Fund Class Z | 1.09% | 1.05% | 2.29% | 2.29% | 2.43% | 3.54% | 2.02% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
FENY Fidelity MSCI Energy Index ETF | 3.30% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% |
Drawdowns
FIKAX vs. FENY - Drawdown Comparison
The maximum FIKAX drawdown since its inception was -71.09%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FIKAX and FENY.
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Volatility
FIKAX vs. FENY - Volatility Comparison
Fidelity Advisor Energy Fund Class Z (FIKAX) has a higher volatility of 5.71% compared to Fidelity MSCI Energy Index ETF (FENY) at 5.35%. This indicates that FIKAX's price experiences larger fluctuations and is considered to be riskier than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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