METL vs. FENY
METL (Sprott Active Metals & Miners ETF) and FENY (Fidelity MSCI Energy Index ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index. METL is actively managed, while FENY is passively managed. Their 0.00 correlation means their historical movements had little consistent relationship. METL charges 0.89%/yr vs 0.08%/yr for FENY.
Performance
METL vs. FENY - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a -4.20% return, which is significantly lower than FENY's 35.12% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FENY
- 1D
- 1.04%
- 1M
- 11.58%
- 6M
- 18.35%
- YTD
- 35.12%
- 1Y
- 43.91%
- 3Y*
- 14.81%
- 5Y*
- 23.67%
- 10Y*
- 9.96%
- ALL TIME*
- 5.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.95M | $44.20M | $53.46M | |
| $253.61K | $342.11K | $593.78K |
METL vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
FENY Fidelity MSCI Energy Index ETF | 35.12% | 3.78% |
Correlation
The correlation between METL and FENY is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.00 |
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Return for Risk
METL vs. FENY — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FENY
METL vs. FENY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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.
| METL | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.76 | — |
| Martin ratioReturn relative to average drawdown | — | 7.45 | — |
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Drawdowns
METL vs. FENY - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for METL and FENY.
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Drawdown Indicators
| METL | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -74.35% | +45.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.07% | — |
Current DrawdownCurrent decline from peak | -27.36% | -4.34% | -23.02% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -22.95% | +12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.56% | — |
Volatility
METL vs. FENY - Volatility Comparison
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Volatility by Period
| METL | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 20.94% | +22.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 26.20% | +17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 29.78% | +14.06% |
METL vs. FENY - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than FENY's 0.08% expense ratio.
Dividends
METL vs. FENY - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 1.04%, less than FENY's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.35% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
METL Sprott Active Metals & Miners ETF | 1.04% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
METL and FENY have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FENY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FENY is cheaper with a 0.08% expense ratio, compared with 0.89% for METL.
FENY has the higher dividend yield at 2.35%, compared with 1.04% for METL.
METL is categorized as Natural Resources, while FENY is Energy Equities. They also come from different issuers: Sprott and Fidelity. Their fees differ too: 0.89% for METL and 0.08% for FENY.
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