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FTXN vs. FENY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTXN vs. FENY

Last updated Jun 26, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and FENY (Fidelity MSCI Energy Index ETF) are both Energy Equities funds - FTXN tracks the Nasdaq U.S. Smart Oil & Gas Index while FENY tracks the MSCI USA IMI Energy 25/50 Index. Both are passively managed. Over the past 5 years, FTXN returned 15.47%/yr vs 18.51%/yr for FENY. Their correlation of 0.91 suggests significant overlap in exposure. FTXN charges 0.60%/yr vs 0.08%/yr for FENY.

Performance

FTXN vs. FENY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and Fidelity MSCI Energy Index ETF (FENY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with FTXN having a 22.46% return and FENY slightly higher at 22.73%.

FTXN

1D
1.04%
1M
-6.30%
YTD
22.46%
6M
23.65%
1Y
27.86%
3Y*
12.79%
5Y*
15.47%
10Y*
—

FENY

1D
1.15%
1M
-6.12%
YTD
22.73%
6M
23.63%
1Y
32.23%
3Y*
15.22%
5Y*
18.51%
10Y*
9.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTXN vs. FENY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTXN
First Trust Nasdaq Oil & Gas ETF		22.46%-0.17%4.06%4.91%47.45%69.21%-28.10%3.20%-20.99%-2.29%
FENY
Fidelity MSCI Energy Index ETF		22.73%7.27%6.62%-0.04%62.94%55.62%-33.15%9.11%-19.99%-2.30%

Correlation

The correlation between FTXN and FENY is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2016

0.91

The correlation between FTXN and FENY has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

FTXN vs. FENY - Sectors Allocation Comparison

Sectors
FTXN
FENY

Energy

100.0%
99.7%

Basic Materials

-

0.3%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.1%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

FTXN
100.0%
FENY
99.7%

Basic Materials

FTXN

-

FENY
0.3%

Communication Services

FTXN

-

FENY

-

Consumer Cyclical

FTXN

-

FENY

-

Consumer Defensive

FTXN

-

FENY

-

Financial Services

FTXN

-

FENY

-

Healthcare

FTXN

-

FENY

-

Industrials

FTXN

-

FENY
0.1%

Real Estate

FTXN

-

FENY

-

Technology

FTXN

-

FENY

-

Utilities

FTXN

-

FENY

-

Compare stocks, funds, or ETFs

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

First Trust Nasdaq Oil & Gas ETF

Fidelity MSCI Energy Index ETF

Often compared with FTXN:
FTXN vs. QQQMFTXN vs. XLEFTXN vs. VDEFTXN vs. VTIFTXN vs. PXEFTXN vs. FSPGXFTXN vs. IEO
Often compared with FENY:
FENY vs. XLEFENY vs. VDEFENY vs. FSENXFENY vs. IYEFENY vs. FNARXFENY vs. SCHDFENY vs. IEO

Return for Risk

FTXN vs. FENY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTXN
FTXN Risk / Return Rank: 3636
Overall Rank
FTXN Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
FTXN Sortino Ratio Rank: 3535
Sortino Ratio Rank
FTXN Omega Ratio Rank: 3232
Omega Ratio Rank
FTXN Calmar Ratio Rank: 4040
Calmar Ratio Rank
FTXN Martin Ratio Rank: 3636
Martin Ratio Rank
FENY
FENY Risk / Return Rank: 4949
Overall Rank
FENY Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
FENY Sortino Ratio Rank: 4747
Sortino Ratio Rank
FENY Omega Ratio Rank: 4444
Omega Ratio Rank
FENY Calmar Ratio Rank: 5454
Calmar Ratio Rank
FENY Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTXN vs. FENY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

FTXNFENYDifference
Sharpe ratioReturn per unit of total volatility
1.21
1.56

-0.36

Sortino ratioReturn per unit of downside risk
1.67
2.09

-0.42

Omega ratioGain probability vs. loss probability

1.20

1.26

-0.05

Calmar ratioReturn relative to maximum drawdown

1.78

2.29

-0.51

Martin ratioReturn relative to average drawdown

4.97

6.81

-1.84

FTXN vs. FENY - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.21, which is comparable to the FENY Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FTXN and FENY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FTXN vs. FENY - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FTXN and FENY.

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Drawdown Indicators

FTXNFENYDifference

Max Drawdown

Largest peak-to-trough decline

-73.49%

-74.35%

+0.86%

Max Drawdown (1Y)

Largest decline over 1 year

-15.74%

-14.15%

-1.59%

Max Drawdown (3Y)

Largest decline over 3 years

-26.96%

-21.47%

-5.49%

Max Drawdown (5Y)

Largest decline over 5 years

-29.97%

-26.64%

-3.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-69.07%

—

Current Drawdown

Current decline from peak

-14.53%

-13.11%

-1.42%

Average Drawdown

Average peak-to-trough decline

-19.18%

-23.06%

+3.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.62%

4.75%

+0.87%

Volatility

FTXN vs. FENY - Volatility Comparison

First Trust Nasdaq Oil & Gas ETF (FTXN) has a higher volatility of 7.68% compared to Fidelity MSCI Energy Index ETF (FENY) at 6.95%. This indicates that FTXN'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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Volatility by Period

FTXNFENYDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.68%

6.95%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

18.26%

16.72%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

23.24%

20.71%

+2.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.67%

26.44%

+3.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.77%

29.80%

+1.97%

FTXN vs. FENY - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is higher than FENY's 0.08% expense ratio.

Dividends

FTXN vs. FENY - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.56%, less than FENY's 2.59% yield.

PositionTTM20252024202320222021202020192018201720162015
FENY
Fidelity MSCI Energy Index ETF		2.59%3.18%3.05%3.33%3.33%3.69%4.60%6.43%3.21%2.94%2.29%3.05%
FTXN
First Trust Nasdaq Oil & Gas ETF		2.56%2.83%2.51%3.41%2.26%1.04%1.76%2.72%2.16%1.78%0.20%0.00%

Frequently Asked Questions

With a correlation of 0.98, FTXN and FENY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FTXN has higher volatility (7.68%) compared to FENY (6.95%). In terms of maximum drawdown, FTXN dropped -73.49% vs FENY's -74.35%.

On 5-year performance, FENY leads with 18.51% vs 15.47% for FTXN. On fees, FENY is cheaper at 0.08% per year. On volatility, FENY has been the lower-risk option at 6.95%. 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 18.51% return vs 15.47%. 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 0.60% for FTXN.

FENY has the higher dividend yield at 2.59%, compared with 2.56% for FTXN.

FTXN tracks Nasdaq U.S. Smart Oil & Gas Index, while FENY tracks MSCI USA IMI Energy 25/50 Index. They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.60% for FTXN and 0.08% for FENY.

FENY currently has the higher Sharpe Ratio (1.56 vs 1.21), 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.

Portfolio Optimizer

Find the right allocation for FTXN 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.

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