Category Review
The large US oil-company fund returned 45% this year. A pipeline-and-power fund returned 13%.
Fidelity MSCI Energy Index ETF
$36.99+0.65 (+1.79%)
- 0.08%
- $2.1B
- +57.7%
- 2.17%
- 1.4M sh
- $36.33
- low $23.52high $36.60
The ETF.net FENY Grade
A
Score 78 out of 100
- 2 of 25
Score 78 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A98 out of 100Rank 1 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 15 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A91 out of 100Rank 2 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C46 out of 100Rank 18 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 6 of 25
Our read on FENY
AOne of the cheapest ways to own U.S. energy: 0.08% a year for roughly 110 energy stocks tracked through MSCI's full-market benchmark. No stock picking, no clever tilts, just the sector at cost.
Seeks investment returns that generally correspond, before fees and expenses, to the performance of the MSCI USA IMI Energy 25/50 Index. The fund invests at least 80% of assets in securities included in that index and uses representative sampling.
Why people hold it
- Costs 0.08% a year against a 0.45% median for broad energy funds. Only XLE matches it; VDE, IYE and ENFR all charge more.
- Tracks MSCI's USA IMI energy benchmark, a full-market read on the sector, so the basket runs roughly 110 names deep rather than a short list.
- Returns have lined up closely with the index it follows, and it trades actively. As implementations of broad energy go, this is one of the tidiest in the group.
- Running since 2013, so it has a long record through both oil booms and busts, and Fidelity has kept it plain vanilla the whole way.
Worth knowing
- One sector, one country. Oil and gas prices set the mood here, and the swings run wider than a total-market fund's.
- The index weights by company size, so even with roughly 110 holdings a handful of giants carry most of the load.
- Distributions land quarterly, not monthly, which matters if you are pacing income.
FENY Holdings
- Stocks
- 105
- 67%
- XOM
Sectors
- Energy99.6%
- Materials0.3%
- Industrials0.1%
Geography
- United States99.35%
- Bermuda0.41%
- Switzerland0.23%
- Australia0.01%
FENY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FENY$15,773
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FENY |
|---|---|
| Year to date | +49.5% |
| 1 month | +1.2% |
| 3 months | +19.4% |
| 1 year | +57.7% |
| 3 years | +18.0% |
| 5 years | +22.4% |
| 10 years | +10.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FENY |
|---|---|---|
| 2026 YTD | +49.5% | |
| 2025 | +7.3% | |
| 2024 | +6.6% | |
| 2023 | 0.0% | |
| 2022 | +63.1% | |
| 2021 | +55.7% | |
| 2020 | −33.1% |
FENY in the news
FENY Dividends
- 2.17%
- $0.79
- $0.21 per share
- Quarterly
Distribution history
FENY Risk
- 20.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.53
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FENY Cost
0.08%
FENY0.08%
- The middle half of Energy (Broad) funds
- Median 0.46%
No Energy (Broad) fund charges less.
Other funds in Energy (Broad)
- AXLEState Street Energy Select Sector SPDR ETFExpense ratio 0.08%1 year return +59.3%
- AVDEVanguard Energy ETFExpense ratio 0.09%1 year return +57.5%
- BENFRAlerian Energy Infrastructure ETFExpense ratio 0.35%1 year return +30.3%
- BIYEiShares U.S. Energy ETFExpense ratio 0.37%1 year return +56.8%
- BRSPGInvesco S&P 500 Equal Weight Energy ETFExpense ratio 0.40%1 year return +57.9%