XLE vs. FENY
Compare and contrast key facts about Energy Select Sector SPDR Fund (XLE) and Fidelity MSCI Energy Index ETF (FENY).
XLE and FENY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. 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 XLE 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: XLE or FENY.
Key characteristics
| XLE | FENY | |
|---|---|---|
| YTD Return | 16.19% | 15.69% |
| 1Y Return | 19.68% | 21.34% |
| 3Y Return (Ann) | 31.63% | 31.62% |
| 5Y Return (Ann) | 13.26% | 12.84% |
| 10Y Return (Ann) | 4.28% | 3.34% |
| Sharpe Ratio | 0.95 | 1.03 |
| Daily Std Dev | 19.07% | 19.34% |
| Max Drawdown | -71.54% | -74.35% |
| Current Drawdown | -1.48% | -1.49% |
Correlation
The correlation between XLE and FENY is 0.99, 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
XLE vs. FENY - Performance Comparison
The year-to-date returns for both stocks are quite close, with XLE having a 16.19% return and FENY slightly lower at 15.69%. Over the past 10 years, XLE has outperformed FENY with an annualized return of 4.28%, while FENY has yielded a comparatively lower 3.34% 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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XLE vs. FENY - Expense Ratio Comparison
XLE has a 0.13% 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%.
Risk-Adjusted Performance
XLE vs. FENY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector SPDR Fund (XLE) 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
XLE vs. FENY - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 3.02%, more than FENY's 2.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLE Energy Select Sector SPDR Fund | 3.02% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
FENY Fidelity MSCI Energy Index ETF | 2.78% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% | 1.91% | 0.32% |
Drawdowns
XLE vs. FENY - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.54%, roughly equal to the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for XLE and FENY. For additional features, visit the drawdowns tool.
Volatility
XLE vs. FENY - Volatility Comparison
Energy Select Sector SPDR Fund (XLE) and Fidelity MSCI Energy Index ETF (FENY) have volatilities of 3.64% and 3.62%, 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.