FXN vs. FENY
Compare and contrast key facts about First Trust Energy AlphaDEX Fund (FXN) and Fidelity MSCI Energy Index ETF (FENY).
FXN and FENY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXN is a passively managed fund by First Trust that tracks the performance of the StrataQuant Energy Index. It was launched on May 8, 2007. 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. Both FXN and FENY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXN or FENY.
Correlation
The correlation between FXN 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
FXN vs. FENY - Performance Comparison
Key characteristics
FXN:
0.21
FENY:
0.60
FXN:
0.41
FENY:
0.90
FXN:
1.05
FENY:
1.11
FXN:
0.13
FENY:
0.79
FXN:
0.46
FENY:
1.70
FXN:
9.35%
FENY:
6.50%
FXN:
20.71%
FENY:
18.23%
FXN:
-87.39%
FENY:
-74.35%
FXN:
-27.89%
FENY:
-6.37%
Returns By Period
In the year-to-date period, FXN achieves a 3.24% return, which is significantly lower than FENY's 4.95% return. Over the past 10 years, FXN has underperformed FENY with an annualized return of -0.47%, while FENY has yielded a comparatively higher 4.57% annualized return.
FXN
3.24%
-4.26%
-1.46%
1.45%
17.62%
-0.47%
FENY
4.95%
-2.07%
2.30%
8.83%
16.39%
4.57%
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FXN vs. FENY - Expense Ratio Comparison
FXN has a 0.64% expense ratio, which is higher than FENY's 0.08% expense ratio.
Risk-Adjusted Performance
FXN vs. FENY — Risk-Adjusted Performance Rank
FXN
FENY
FXN vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Energy AlphaDEX Fund (FXN) 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
FXN vs. FENY - Dividend Comparison
FXN's dividend yield for the trailing twelve months is around 2.42%, less than FENY's 2.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 2.42% | 2.50% | 3.09% | 2.28% | 0.88% | 4.71% | 1.48% | 1.44% | 1.16% | 1.05% | 2.36% | 1.74% |
FENY Fidelity MSCI Energy Index ETF | 2.91% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% |
Drawdowns
FXN vs. FENY - Drawdown Comparison
The maximum FXN drawdown since its inception was -87.39%, which is greater than FENY's maximum drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FXN and FENY. For additional features, visit the drawdowns tool.
Volatility
FXN vs. FENY - Volatility Comparison
First Trust Energy AlphaDEX Fund (FXN) has a higher volatility of 7.60% compared to Fidelity MSCI Energy Index ETF (FENY) at 6.39%. This indicates that FXN'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.