FENY — Fidelity MSCI Energy Index ETF

FENY Price Performance — Growth of $10,000

Value of a $10,000 investment in FENY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FENY Drawdown

The "underwater" chart: FENY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity MSCI Energy Index ETF (FENY) is an Energy sector fund managed by Fidelity Investments with $1.75 billion in assets under management. Currently priced at $31.89, the fund holds an overall rank of #101 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.3 out of 100. It competes within a category of 10 ETFs tracked by the platform and carries an expense ratio of 0.084%. The fund offers a dividend yield of 2.63%, providing income potential alongside its capital appreciation. The asset size and ranking position suggest moderate investor adoption relative to the broader universe of tracked funds. Its cost structure remains competitive within the Energy category while maintaining a substantial asset base.

Over the last trading day, the fund declined by 1.51%, following a 2.06% drop over the previous week. However, the trend reversed over the month with a 6.62% gain, and the three-month return stabilized at 0.89%. Momentum accelerated significantly in the second half of the year, delivering an 18.43% return over six months and a 27.65% year-to-date gain. The one-year performance reached 36.44%, while the three-year total return stands at 47.89%. This pattern indicates a divergence where short-term volatility gave way to strong medium and long-term growth. The fund's recent trajectory shows a clear upward acceleration from the weekly lows to the multi-year highs.

The fund carries a Moderate volatility label and exhibits a beta of -0.01, indicating minimal correlation with broad market movements in either direction. A Sharpe ratio of 1.50 suggests the fund has generated substantial excess return relative to the risk taken over the measured period. Despite the positive risk-adjusted metrics, the maximum drawdown reached -21.47%, highlighting the potential for significant temporary losses. This combination of a near-zero beta and a deep drawdown implies the fund can move independently of the market while still experiencing sharp declines during specific stress periods. The high Sharpe ratio alongside the moderate volatility label points to efficient risk management during the periods of positive returns.

AI-generated summary based on the data on this page.

FENY Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 63.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FENY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FENY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FENY's top 10 — XLE overlaps most, holding 9 of the same companies as FENY's top 10 (60.3% of FENY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FENY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 1.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.75B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FENY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FENY Performance History

How FENY Compares to Other Energy ETFs