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.
Performance
FXN vs. FENY - Performance Comparison
Loading graphics...
FXN vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 36.88% | 3.39% | 0.27% | 0.97% | 46.92% | 51.79% | -19.91% | -6.76% | -24.79% | -5.02% |
FENY Fidelity MSCI Energy Index ETF | 38.13% | 7.27% | 6.62% | -0.04% | 62.94% | 55.62% | -33.15% | 9.11% | -19.99% | -2.30% |
Returns By Period
The year-to-date returns for both investments are quite close, with FXN having a 36.88% return and FENY slightly higher at 38.13%. Over the past 10 years, FXN has underperformed FENY with an annualized return of 7.49%, while FENY has yielded a comparatively higher 11.01% annualized return.
FXN
- 1D
- -1.36%
- 1M
- 12.16%
- YTD
- 36.88%
- 6M
- 39.23%
- 1Y
- 39.08%
- 3Y*
- 15.78%
- 5Y*
- 19.32%
- 10Y*
- 7.49%
FENY
- 1D
- -1.13%
- 1M
- 10.37%
- YTD
- 38.13%
- 6M
- 39.46%
- 1Y
- 37.23%
- 3Y*
- 18.44%
- 5Y*
- 24.19%
- 10Y*
- 11.01%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FXN vs. FENY - Expense Ratio Comparison
FXN has a 0.64% expense ratio, which is higher than FENY's 0.08% expense ratio.
Return for Risk
FXN vs. FENY — Risk / Return Rank
FXN
FENY
FXN vs. FENY - Risk-Adjusted Trends 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.
| FXN | FENY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.50 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.91 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.03 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.59 | 5.81 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FXN | FENY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.50 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.92 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.37 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.21 | -0.15 |
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.
Dividends
FXN vs. FENY - Dividend Comparison
FXN's dividend yield for the trailing twelve months is around 1.75%, less than FENY's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 1.75% | 2.53% | 2.50% | 3.09% | 2.28% | 0.87% | 4.71% | 1.47% | 1.43% | 1.17% | 1.05% | 2.36% |
FENY Fidelity MSCI Energy Index ETF | 2.31% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
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.
Loading graphics...
Drawdown Indicators
| FXN | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.39% | -74.35% | -13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.10% | -19.11% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | -26.64% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -80.63% | -69.07% | -11.56% |
Current DrawdownCurrent decline from peak | -3.11% | -2.21% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -38.28% | -23.35% | -14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 6.66% | +0.62% |
Volatility
FXN vs. FENY - Volatility Comparison
First Trust Energy AlphaDEX Fund (FXN) has a higher volatility of 5.77% compared to Fidelity MSCI Energy Index ETF (FENY) at 4.97%. 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.
Loading graphics...
Volatility by Period
| FXN | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 4.97% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 13.84% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.71% | 25.03% | +6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.06% | 26.56% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.08% | 29.70% | +5.38% |