RACE vs. FENY

Last updated Jul 17, 2026

RACE (Ferrari N.V.) is a stock, while FENY (Fidelity MSCI Energy Index ETF) is Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index. Over the past 10 years, RACE returned 25.86%/yr vs 8.82%/yr for FENY. At a 0.23 correlation, their price movements are largely independent.

Performance

RACE vs. FENY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ferrari N.V. (RACE) and Fidelity MSCI Energy Index ETF (FENY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RACE achieves a 5.93% return, which is significantly lower than FENY's 29.32% return. Over the past 10 years, RACE has outperformed FENY with an annualized return of 25.86%, while FENY has yielded a comparatively lower 8.82% annualized return.

RACE

• 1D: 1.82%
• 1M: 4.49%
• 6M: 10.41%
• YTD: 5.93%
• 1Y: -22.53%
• 3Y*: 6.78%
• 5Y*: 14.42%
• 10Y*: 25.86%

FENY

• 1D: 0.80%
• 1M: 3.75%
• 6M: 21.33%
• YTD: 29.32%
• 1Y: 36.92%
• 3Y*: 15.86%
• 5Y*: 22.94%
• 10Y*: 8.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RACE vs. FENY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RACE Ferrari N.V.	5.93%	-11.65%	26.34%	59.12%	-16.68%	13.32%	39.71%	67.87%	-4.47%	81.95%
FENY Fidelity MSCI Energy Index ETF	29.32%	7.27%	6.62%	-0.04%	62.94%	55.62%	-33.15%	9.11%	-19.99%	-2.30%

Correlation

The correlation between RACE and FENY is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 21, 2015	0.23

The correlation between RACE and FENY shifts across timeframes, from -0.14 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RACE vs. FENY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RACE

RACE Risk / Return Rank: 20
RACE Sharpe Ratio Rank: 17
RACE Sortino Ratio Rank: 18
RACE Omega Ratio Rank: 18
RACE Calmar Ratio Rank: 23
RACE Martin Ratio Rank: 26

FENY

FENY Risk / Return Rank: 60
FENY Sharpe Ratio Rank: 69
FENY Sortino Ratio Rank: 62
FENY Omega Ratio Rank: 59
FENY Calmar Ratio Rank: 61
FENY Martin Ratio Rank: 50

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.

RACE vs. FENY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ferrari N.V. (RACE) 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.

	RACE	FENY	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	1.78	-2.41
Sortino ratio: Return per unit of downside risk	-0.68	2.35	-3.03
Omega ratio: Gain probability vs. loss probability	0.91	1.29	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.58	2.48	-3.06
Martin ratio: Return relative to average drawdown	-0.86	6.74	-7.59

RACE vs. FENY - Sharpe Ratio Comparison

The current RACE Sharpe Ratio is -0.62, which is lower than the FENY Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of RACE 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.

Drawdowns

RACE vs. FENY - Drawdown Comparison

The maximum RACE drawdown since its inception was -46.67%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for RACE and FENY.

Drawdown Indicators

	RACE	FENY	Difference
Max Drawdown Largest peak-to-trough decline	-46.67%	-74.35%	+27.68%
Max Drawdown (1Y) Largest decline over 1 year	-39.22%	-14.96%	-24.26%
Max Drawdown (3Y) Largest decline over 3 years	-39.22%	-21.47%	-17.75%
Max Drawdown (5Y) Largest decline over 5 years	-39.22%	-26.64%	-12.58%
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	-69.07%	+29.85%
Current Drawdown Current decline from peak	-24.38%	-8.45%	-15.93%
Average Drawdown Average peak-to-trough decline	-11.62%	-23.01%	+11.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.27%	5.50%	+20.77%

Volatility

RACE vs. FENY - Volatility Comparison

Ferrari N.V. (RACE) has a higher volatility of 9.50% compared to Fidelity MSCI Energy Index ETF (FENY) at 6.06%. This indicates that RACE'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.

Volatility by Period

	RACE	FENY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	6.06%	+3.44%
Volatility (6M) Calculated over the trailing 6-month period	25.62%	16.53%	+9.09%
Volatility (1Y) Calculated over the trailing 1-year period	36.39%	20.83%	+15.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.83%	26.31%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.46%	29.78%	-0.32%

Dividends

RACE vs. FENY - Dividend Comparison

RACE's dividend yield for the trailing twelve months is around 2.22%, less than FENY's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENY Fidelity MSCI Energy Index ETF	2.46%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%
RACE Ferrari N.V.	2.22%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%	0.00%

Frequently Asked Questions

Can I hold both RACE and FENY in my portfolio?

RACE and FENY have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RACE or FENY?

RACE has higher volatility (9.50%) compared to FENY (6.06%). In terms of maximum drawdown, RACE dropped -46.67% vs FENY's -74.35%.

Which has better risk-adjusted returns?

FENY currently has the higher Sharpe Ratio (1.78 vs -0.62), 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.