EINC vs FENY

EINCCVanEck Energy Income ETF

FENYAFidelity MSCI Energy Index ETF

In short

EINC Pipes, not drills. EINC tracks an index of North American midstream companies in oil and gas storage and transportation, blending MLPs and corporations into one concentrated, quarterly-paying package.

FENY One 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.

Stated mandate

EINC The Fund seeks to replicate the price and yield performance of the MVIS North America Energy Infrastructure Index before fees and expenses. That index covers North American midstream energy companies, including MLPs and corporations involved in oil and gas storage and transportation.

FENY 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

• EINC Buys the pipes and storage tanks rather than the drill bits: the index covers North American midstream oil and gas transportation and storage names.vaneck.com
• MLPs and corporations under one ticker, roughly 30 holdings, distributions paid quarterly.
• Trading since 2012, so it carries a real track record through more than a decade of energy cycles.
• Lands in the upper half of the broad energy funds we review, one of the steadier profiles in that group.

• FENY 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

• EINC At 0.46% a year it costs several times the plain broad energy trackers (XLE, FENY, VDE), which run under a tenth of a percent. The midstream tilt is what the fee buys.
• Thinly traded and small next to the sector giants, so bid/ask spreads carry more weight at the moment of the trade.
• About 30 stocks in one corner of one sector. ENFR covers similar energy infrastructure ground at a lower fee.

• FENY 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.

Full EINC profile⁠

Full FENY profile⁠