VDE vs. FENY

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Energy ETF (VDE) and Fidelity MSCI Energy Index ETF (FENY).

VDE and FENY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. 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 VDE 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

VDE vs. FENY - Performance Comparison

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

VDE vs. FENY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDE Vanguard Energy ETF	33.23%	7.11%	6.75%	0.03%	62.89%	56.31%	-33.02%	9.28%	-19.95%	-2.50%
FENY Fidelity MSCI Energy Index ETF	33.17%	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 stocks are quite close, with VDE having a 33.23% return and FENY slightly lower at 33.17%. Both investments have delivered pretty close results over the past 10 years, with VDE having a 10.83% annualized return and FENY not far behind at 10.61%.

VDE

• 1D: -3.61%
• 1M: 4.27%
• YTD: 33.23%
• 6M: 34.21%
• 1Y: 31.84%
• 3Y*: 17.03%
• 5Y*: 23.32%
• 10Y*: 10.83%

FENY

• 1D: -3.59%
• 1M: 4.29%
• YTD: 33.17%
• 6M: 34.14%
• 1Y: 31.58%
• 3Y*: 17.00%
• 5Y*: 23.29%
• 10Y*: 10.61%

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

VDE vs. FENY - Expense Ratio Comparison

VDE has a 0.10% expense ratio, which is higher than FENY's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VDE

Vanguard Energy ETF

FENY

Fidelity MSCI Energy Index ETF

Return for Risk

VDE vs. FENY — Risk / Return Rank

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

VDE

VDE Risk / Return Rank: 63
VDE Sharpe Ratio Rank: 70
VDE Sortino Ratio Rank: 63
VDE Omega Ratio Rank: 66
VDE Calmar Ratio Rank: 65
VDE Martin Ratio Rank: 49

FENY

FENY Risk / Return Rank: 62
FENY Sharpe Ratio Rank: 69
FENY Sortino Ratio Rank: 63
FENY Omega Ratio Rank: 65
FENY Calmar Ratio Rank: 64
FENY Martin Ratio Rank: 49

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.

VDE vs. FENY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy ETF (VDE) 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.

	VDE	FENY	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.25	+0.02
Sortino ratio Return per unit of downside risk	1.67	1.65	+0.01
Omega ratio Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio Return relative to maximum drawdown	1.72	1.69	+0.03
Martin ratio Return relative to average drawdown	4.92	4.85	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDE vs. FENY - Sharpe Ratio Comparison

The current VDE Sharpe Ratio is 1.27, which is comparable to the FENY Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VDE and FENY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VDE	FENY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.25	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.88	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.36	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.20	+0.08

Correlation

The correlation between VDE 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.

Dividends

VDE vs. FENY - Dividend Comparison

VDE's dividend yield for the trailing twelve months is around 2.36%, less than FENY's 2.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDE Vanguard Energy ETF	2.36%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%
FENY Fidelity MSCI Energy Index ETF	2.39%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%

Drawdowns

VDE vs. FENY - Drawdown Comparison

The maximum VDE drawdown since its inception was -74.20%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for VDE and FENY.

Drawdown Indicators

	VDE	FENY	Difference
Max Drawdown Largest peak-to-trough decline	-74.20%	-74.35%	+0.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.91%	-19.11%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-26.64%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	-69.29%	-69.07%	-0.22%
Current Drawdown Current decline from peak	-5.74%	-5.72%	-0.02%
Average Drawdown Average peak-to-trough decline	-20.06%	-23.34%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	6.67%	-0.06%

Volatility

VDE vs. FENY - Volatility Comparison

Vanguard Energy ETF (VDE) and Fidelity MSCI Energy Index ETF (FENY) have volatilities of 6.29% and 6.28%, 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.

Volatility by Period

	VDE	FENY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	6.28%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	14.33%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	25.19%	25.29%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.53%	26.59%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.88%	29.72%	+0.16%