FNARX vs. FENY
Compare and contrast key facts about Fidelity Natural Resources Fund (FNARX) and Fidelity MSCI Energy Index ETF (FENY).
FNARX is managed by Fidelity. It was launched on Mar 3, 1997. 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: FNARX or FENY.
Key characteristics
| FNARX | FENY | |
|---|---|---|
| YTD Return | 13.73% | 9.96% |
| 1Y Return | 8.08% | 1.77% |
| 3Y Return (Ann) | 17.97% | 20.26% |
| 5Y Return (Ann) | 16.03% | 15.45% |
| 10Y Return (Ann) | 4.88% | 4.04% |
| Sharpe Ratio | 0.51 | 0.15 |
| Sortino Ratio | 0.79 | 0.33 |
| Omega Ratio | 1.10 | 1.04 |
| Calmar Ratio | 0.69 | 0.21 |
| Martin Ratio | 1.73 | 0.40 |
| Ulcer Index | 5.29% | 7.13% |
| Daily Std Dev | 18.06% | 18.35% |
| Max Drawdown | -70.83% | -74.35% |
| Current Drawdown | -5.14% | -6.37% |
Correlation
The correlation between FNARX and FENY is 0.94, 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
FNARX vs. FENY - Performance Comparison
In the year-to-date period, FNARX achieves a 13.73% return, which is significantly higher than FENY's 9.96% return. Over the past 10 years, FNARX has outperformed FENY with an annualized return of 4.88%, while FENY has yielded a comparatively lower 4.04% 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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FNARX vs. FENY - Expense Ratio Comparison
FNARX has a 0.82% expense ratio, which is higher than FENY's 0.08% expense ratio.
Risk-Adjusted Performance
FNARX vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Natural Resources Fund (FNARX) 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.
Dividends
FNARX vs. FENY - Dividend Comparison
FNARX's dividend yield for the trailing twelve months is around 1.27%, less than FENY's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 1.27% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.22% | 1.38% | 0.62% | 0.78% | 6.67% | 2.89% |
FENY Fidelity MSCI Energy Index ETF | 3.09% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
Drawdowns
FNARX vs. FENY - Drawdown Comparison
The maximum FNARX drawdown since its inception was -70.83%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FNARX and FENY. For additional features, visit the drawdowns tool.
Volatility
FNARX vs. FENY - Volatility Comparison
The current volatility for Fidelity Natural Resources Fund (FNARX) is 5.45%, while Fidelity MSCI Energy Index ETF (FENY) has a volatility of 6.87%. This indicates that FNARX 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.