FENY vs RSPG

FENYAFidelity MSCI Energy Index ETF

RSPGBInvesco S&P 500 Equal Weight Energy ETF

In short

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.

RSPG Cap weighting hands an energy fund mostly to the biggest oil majors. RSPG splits the S&P 500's energy names evenly instead, so refiners and drillers stand alongside the giants. Same rulebook since 2006, when it launched as RYE.

Stated mandate

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.

RSPG The fund seeks to track an index that equally weights stocks in the energy sector of the S&P 500® Index.

Why people hold it

• 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.

• RSPG Equal weighting is the whole point: each S&P 500 energy stock gets the same target slot, so refiners, drillers and service names carry as much weight as a supermajor.invesco.com
• The 0.40% fee sits a shade under the median for broad energy ETFs.
• Running since 2006, and traded as RYE until Invesco's 2023 ticker swap, so the same equal-weight rules have worked through multiple oil booms and busts.sec.gov
• A legible mandate: S&P 500 energy stocks, weighted alike, no commodity futures. Distributions land quarterly.

Worth knowing

• 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.

• RSPG Plain cap-weighted rivals cost far less: XLE and FENY at 0.08%, VDE at 0.09%. The equal-weight tilt is something you pay for.
• Mid-sized and moderately traded, so spreads can run wider than the household-name energy funds. Limit orders earn their keep.
• Pushing weight toward the sector's smaller names raises the volatility, and it is still one sector riding oil and gas prices.

Full FENY profile⁠

Full RSPG profile⁠