FLDR vs. FENY
FLDR (Fidelity Low Duration Bond Factor ETF) and FENY (Fidelity MSCI Energy Index ETF) are both exchange-traded funds - FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index, while FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index. Both are passively managed. Over the past 5 years, FLDR returned 3.72%/yr vs 22.24%/yr for FENY. At a correlation of -0.09, they often move in opposite directions. FLDR charges 0.15%/yr vs 0.08%/yr for FENY.
Performance
FLDR vs. FENY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLDR achieves a 1.83% return, which is significantly lower than FENY's 29.40% return.
FLDR
- 1D
- 0.04%
- 1M
- 0.25%
- 6M
- 1.74%
- YTD
- 1.83%
- 1Y
- 4.49%
- 3Y*
- 5.28%
- 5Y*
- 3.72%
- 10Y*
- —
FENY
- 1D
- 0.44%
- 1M
- -0.19%
- 6M
- 23.09%
- YTD
- 29.40%
- 1Y
- 33.74%
- 3Y*
- 15.88%
- 5Y*
- 22.24%
- 10Y*
- 8.82%
FLDR vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.83% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
FENY Fidelity MSCI Energy Index ETF | 29.40% | 7.27% | 6.62% | -0.04% | 62.94% | 55.62% | -33.15% | 9.11% | -25.01% |
Correlation
The correlation between FLDR and FENY is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLDR vs. FENY — Risk / Return Rank
FLDR
FENY
FLDR vs. FENY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLDR | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +7.19 | ||
| Omega ratioGain probability vs. loss probability | 2.61 | 1.27 | +1.34 |
| Calmar ratioReturn relative to maximum drawdown | 9.65 | 2.27 | +7.38 |
| Martin ratioReturn relative to average drawdown | 65.59 | 6.22 | +59.38 |
Loading charts...
Drawdowns
FLDR vs. FENY - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FLDR and FENY.
Loading charts...
Drawdown Indicators
| FLDR | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -74.35% | +62.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -14.96% | +14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -21.47% | +20.71% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -26.64% | +24.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.07% | — |
Current DrawdownCurrent decline from peak | -0.03% | -8.39% | +8.36% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -23.02% | +22.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 5.45% | -5.38% |
Volatility
FLDR vs. FENY - Volatility Comparison
The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.22%, while Fidelity MSCI Energy Index ETF (FENY) has a volatility of 6.99%. This indicates that FLDR experiences smaller price fluctuations and is considered to be less risky than FENY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLDR | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 6.99% | -6.77% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 16.56% | -15.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 20.89% | -20.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 26.35% | -25.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 29.79% | -24.56% |
FLDR vs. FENY - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is higher than FENY's 0.08% 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%.
Dividends
FLDR vs. FENY - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.33%, more than FENY's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.45% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
FLDR Fidelity Low Duration Bond Factor ETF | 4.33% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLDR and FENY have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FENY has higher volatility (6.99%) compared to FLDR (0.22%). In terms of maximum drawdown, FLDR dropped -12.23% vs FENY's -74.35%.
On 5-year performance, FENY leads with 22.24% vs 3.72% for FLDR. On fees, FENY is cheaper at 0.08% per year. On volatility, FLDR has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FENY has performed better with a 22.24% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FENY is cheaper with a 0.08% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.33%, compared with 2.45% for FENY.
FLDR is categorized as Short-Term Bond, while FENY is Energy Equities. FLDR tracks Fidelity Low Duration Investment Grade Factor Index, while FENY tracks MSCI USA IMI Energy 25/50 Index. Their fees differ too: 0.15% for FLDR and 0.08% for FENY.
FLDR currently has the higher Sharpe Ratio (5.64 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FLDR and FENY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer