SJM vs. FENY

Last updated Jun 23, 2026

SJM (The J. M. Smucker Company) 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, SJM returned 0.08%/yr vs 8.68%/yr for FENY. At a 0.16 correlation, their price movements are largely independent.

Performance

SJM vs. FENY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The J. M. Smucker Company (SJM) 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, SJM achieves a 11.92% return, which is significantly lower than FENY's 22.78% return. Over the past 10 years, SJM has underperformed FENY with an annualized return of 0.08%, while FENY has yielded a comparatively higher 8.68% annualized return.

SJM

• 1D: -3.31%
• 1M: 3.71%
• YTD: 11.92%
• 6M: 10.40%
• 1Y: 15.21%
• 3Y*: -7.18%
• 5Y*: -0.28%
• 10Y*: 0.08%

FENY

• 1D: 1.25%
• 1M: -8.53%
• YTD: 22.78%
• 6M: 24.13%
• 1Y: 26.63%
• 3Y*: 15.89%
• 5Y*: 18.82%
• 10Y*: 8.68%

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

SJM vs. FENY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SJM The J. M. Smucker Company	11.92%	-7.56%	-9.61%	-17.79%	20.06%	21.05%	14.50%	14.90%	-22.58%	-0.49%
FENY Fidelity MSCI Energy Index ETF	22.78%	7.27%	6.62%	-0.04%	62.94%	55.62%	-33.15%	9.11%	-19.99%	-2.30%

Correlation

The correlation between SJM and FENY is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.16

Return for Risk

SJM vs. FENY — Risk / Return Rank

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

SJM

SJM Risk / Return Rank: 57
SJM Sharpe Ratio Rank: 60
SJM Sortino Ratio Rank: 56
SJM Omega Ratio Rank: 54
SJM Calmar Ratio Rank: 57
SJM Martin Ratio Rank: 58

FENY

FENY Risk / Return Rank: 36
FENY Sharpe Ratio Rank: 37
FENY Sortino Ratio Rank: 34
FENY Omega Ratio Rank: 33
FENY Calmar Ratio Rank: 39
FENY Martin Ratio Rank: 39

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.

SJM vs. FENY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The J. M. Smucker Company (SJM) 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.

	SJM	FENY	Difference
Sharpe ratio: Return per unit of total volatility	0.55	1.29	-0.74
Sortino ratio: Return per unit of downside risk	1.04	1.77	-0.73
Omega ratio: Gain probability vs. loss probability	1.12	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.67	1.89	-1.22
Martin ratio: Return relative to average drawdown	1.62	5.90	-4.28

SJM vs. FENY - Sharpe Ratio Comparison

The current SJM Sharpe Ratio is 0.55, which is lower than the FENY Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of SJM 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

SJM vs. FENY - Drawdown Comparison

The maximum SJM drawdown since its inception was -45.67%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for SJM and FENY.

Drawdown Indicators

	SJM	FENY	Difference
Max Drawdown Largest peak-to-trough decline	-45.67%	-74.35%	+28.68%
Max Drawdown (1Y) Largest decline over 1 year	-22.82%	-14.15%	-8.67%
Max Drawdown (3Y) Largest decline over 3 years	-35.16%	-21.47%	-13.69%
Max Drawdown (5Y) Largest decline over 5 years	-38.11%	-26.64%	-11.47%
Max Drawdown (10Y) Largest decline over 10 years	-38.11%	-69.07%	+30.96%
Current Drawdown Current decline from peak	-25.08%	-13.08%	-12.00%
Average Drawdown Average peak-to-trough decline	-13.48%	-23.07%	+9.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.38%	4.56%	+4.82%

Volatility

SJM vs. FENY - Volatility Comparison

The J. M. Smucker Company (SJM) has a higher volatility of 12.92% compared to Fidelity MSCI Energy Index ETF (FENY) at 7.02%. This indicates that SJM'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

	SJM	FENY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	7.02%	+5.90%
Volatility (6M) Calculated over the trailing 6-month period	21.20%	16.66%	+4.54%
Volatility (1Y) Calculated over the trailing 1-year period	28.03%	20.85%	+7.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.38%	26.43%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.51%	29.83%	-5.32%

Dividends

SJM vs. FENY - Dividend Comparison

SJM's dividend yield for the trailing twelve months is around 4.10%, more than FENY's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENY Fidelity MSCI Energy Index ETF	2.59%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%
SJM The J. M. Smucker Company	4.10%	4.46%	3.89%	3.29%	2.54%	2.78%	3.08%	3.32%	3.49%	2.46%	2.22%	2.12%

Frequently Asked Questions

Can I hold both SJM and FENY in my portfolio?

SJM and FENY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJM or FENY?

SJM has higher volatility (12.92%) compared to FENY (7.02%). In terms of maximum drawdown, SJM dropped -45.67% vs FENY's -74.35%.

Which has better risk-adjusted returns?

FENY currently has the higher Sharpe Ratio (1.29 vs 0.55), 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.