IYE vs. FENY
Compare and contrast key facts about iShares U.S. Energy ETF (IYE) and Fidelity MSCI Energy Index ETF (FENY).
IYE and FENY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYE is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index. It was launched on Jun 12, 2000. 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 IYE 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: IYE or FENY.
Key characteristics
| IYE | FENY | |
|---|---|---|
| YTD Return | 11.65% | 12.20% |
| 1Y Return | 21.44% | 24.48% |
| 3Y Return (Ann) | 23.72% | 25.52% |
| 5Y Return (Ann) | 11.78% | 12.97% |
| 10Y Return (Ann) | 2.62% | 3.06% |
| Sharpe Ratio | 1.21 | 1.32 |
| Daily Std Dev | 18.31% | 18.80% |
| Max Drawdown | -73.85% | -74.35% |
| Current Drawdown | -4.32% | -4.47% |
Correlation
The correlation between IYE and FENY is 1.00, 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
IYE vs. FENY - Performance Comparison
The year-to-date returns for both investments are quite close, with IYE having a 11.65% return and FENY slightly higher at 12.20%. Over the past 10 years, IYE has underperformed FENY with an annualized return of 2.62%, while FENY has yielded a comparatively higher 3.06% 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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IYE vs. FENY - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is higher than FENY's 0.08% expense ratio.
Risk-Adjusted Performance
IYE vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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
IYE vs. FENY - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.53%, less than FENY's 2.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.53% | 2.99% | 3.37% | 2.98% | 4.75% | 6.52% | 3.06% | 2.61% | 2.04% | 3.31% | 1.99% | 1.49% |
FENY Fidelity MSCI Energy Index ETF | 2.86% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
Drawdowns
IYE vs. FENY - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.85%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for IYE and FENY. For additional features, visit the drawdowns tool.
Volatility
IYE vs. FENY - Volatility Comparison
iShares U.S. Energy ETF (IYE) and Fidelity MSCI Energy Index ETF (FENY) have volatilities of 4.55% and 4.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.