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 $33.07, the fund holds an overall rank of #71 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 73.3 out of 100. It competes within a category of 10 ETFs tracked by the platform and charges an expense ratio of 0.084%. The fund offers a dividend yield of 2.63%, providing income to shareholders alongside capital appreciation potential. The substantial asset base and moderate pricing suggest significant investor adoption within the Energy sector. Its position in the top 16% of all tracked ETFs indicates a relatively strong standing compared to the broader universe of funds. The combination of low costs and solid asset size supports its role as a core holding for investors seeking Energy exposure.

FENY has demonstrated a strong upward trajectory across multiple time horizons, with a one-day return of +0.36% and a one-week gain of +4.55%. The fund accelerated further over the past month with a +9.43% return and maintained momentum into the three-month period with a +5.31% gain. Year-to-date performance has been particularly robust at +32.37%, while the one-year return reached +44.12%. This positive trend extended to the three-year horizon, where the fund posted a cumulative return of +53.56%. The data shows consistent growth from short-term fluctuations to long-term accumulation without any reported periods of negative returns in the provided metrics. Such performance patterns indicate sustained investor confidence and effective tracking of the underlying Energy index over the measured periods.

The fund carries a Moderate volatility label and exhibits a beta of -0.01, suggesting its price movements have minimal correlation with broader market fluctuations. A Sharpe ratio of 1.88 indicates that the fund has generated substantial excess returns relative to the risk taken over the measured period. Despite the high risk-adjusted returns, the fund experienced a maximum drawdown of -21.47%, reflecting the potential for significant temporary declines during market stress. The combination of a near-zero beta and a deep drawdown implies that while the fund may not move in lockstep with the general market, it remains susceptible to sector-specific downturns. Investors should note that the high Sharpe ratio coexists with the possibility of sharp, isolated losses within the Energy sector. This profile suggests a fund that has delivered strong gains but retains inherent sector risks that can lead to substantial temporary losses.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 0.03% 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