FCG vs FENY

FCGCFirst Trust Natural Gas ETF

FENYAFidelity MSCI Energy Index ETF

In short

FCG Most "energy" ETFs are oil funds in a wider coat. FCG skips that framing: it tracks a Nasdaq FactSet natural gas index, about 40 names deep, and has been running the same pure-gas mandate since 2007.

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

FCG The Fund seeks to track, before fees and expenses, the price and yield of the Nasdaq FactSet Natural Gas Index.

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

• FCG Narrow by design: it tracks the Nasdaq FactSet Natural Gas Index, roughly 40 names, rather than the oil-heavy majors that anchor broad energy funds like XLE and VDE.ftportfolios.com
• Launched in 2007, so the gas-only mandate has run through the shale boom and multiple price busts instead of arriving with the latest energy storyline.
• Actively traded for a single-commodity sector fund, so getting in and out doesn't hinge on one thin order book.
• Distributions come on a quarterly schedule, passing producer payouts through at a set cadence.

• 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

• FCG Focus costs money: 0.59% a year versus a 0.45% median for broad energy funds, and far above the 0.08% charged by XLE and FENY.
• One commodity, about 40 stocks. Gas price swings land harder here than in a diversified energy fund that also holds refiners and integrated majors.
• Mid-sized rather than a category heavyweight, which is normal for a single-commodity equity fund but means less scale than the broad energy giants.

• 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 FCG profile⁠

Full FENY profile⁠