FENY vs TRUN: Grades, Fees and Holdings Compared

Fidelity MSCI Energy Index ETF

FENYANYSE Arca

VanEck Energy TruSector ETF

TRUNCNasdaq

Overlap

73.2%by weight

Expense ratio

FENY −0.08pt a year

FENY0.08%TRUN0.16%

Avg volume · 30D

FENY 4317.2×the volume

FENY1.26MTRUN292

FENY vs TRUN Performance

Aug 7, 2026 – Nov 9, 2026

+6.8%FENY+8.8%TRUN

Expense ratio: FENY 0.08%, better; TRUN 0.16%
Fund size: FENY $2.37B; TRUN $0
1Y total return: FENY +40.4%; TRUN No data
Yield (12M): FENY 2.32%; TRUN No data
Holdings: FENY 103; TRUN 24
Avg volume (30D): FENY 1.26M sh, better; TRUN 292 sh
NAV per share: FENY $33.89; TRUN $29.14
52W range

ETF.net Grade

Pillar letters and Scores for FENY, TRUN, with each pillar’s weight
Pillar	FENY	TRUN
Cost30% weight	A98Higher	A85
Mission25% weight	Not scored	Not scored
Risk15% weight	C51	B63Higher
Tradability15% weight	A90Higher	F24
Holdings10% weight	C47Higher	D31
Durability5% weight	A80Higher	D28

Rank among Energy (Broad) funds

How we build Categories ›

Same Category. FENY and TRUN are both graded against the same 24 Energy (Broad) funds, so their Grades compare head to head.

Energy (Broad)⁠

Category · 24 funds

See all 24 ›

FENY ranks 2nd and TRUN 18th of 24 funds in the Energy (Broad) Category.

Rank 1AXLEState Street Energy Select Sector SPDR ETFScore 80
Rank 2AFENYFidelity MSCI Energy Index ETFScore 78
Rank 3AVDEVanguard Energy ETFScore 71
Rank 17CPIPEInvesco SteelPath MLP & Energy Infrastructure ETFScore 41
Rank 18CTRUNVanEck Energy TruSector ETFScore 40
Rank 19DLNGXGlobal X U.S. Natural Gas ETFScore 38

Our read on each fund

ETF.net Research

FENYAFidelity MSCI Energy Index ETF

TRUNCVanEck Energy TruSector 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.

TRUN No data

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.

TRUN No data

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.

TRUN No data

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.

TRUN No data

Full FENY profile⁠

Full TRUN profile⁠

FENY vs TRUN Holdings

How FENY and TRUN differ

Overlap by weight

73.2%

Shared holdings make up 80.8% of FENY and 74.4% of TRUN.

Level by level

Holdings20 in both73.2%
Asset classStocks100%
Countryby domicile99.6%
Sector3 Sectors99.7%

Sector

Sector weights in FENY and TRUN, widest gap first
Sector	Gap	FENY	TRUN
Energy	TRUN +0.3 points	99.7%	100.0%
Materials	FENY +0.2 points	0.2%	0.0%
Industrials	FENY +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FENY and TRUN, widest gap first
Country	Gap	FENY	TRUN
United States	TRUN +0.4 points	99.6%	100.0%
Brazil	FENY +0.4 points	0.3%	0.0%
Australia	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FENY68.5%
TRUN85.4%

Securities held

FENY103
TRUN22

Asset class

FENY: Stocks
TRUN: Stocks

Holdings

Only in FENY83
In both20
Only in TRUN2

Only in FENY

83 securities, 21.0% of FENY by weight

Slb Ltd2.87%
Cheniere Energy Inc2.24%
Securities Lending Cf1.84%
Technipfmc PLC1.02%
Ovintiv Inc0.69%
Permian Resources Corp Class A0.63%
Hf Sinclair Corp0.63%
Range Resources Corp0.48%
Dt Midstream Inc0.47%
Antero Res Corp0.44%
Chord Energy Corp0.34%
Viper Energy Inc A0.33%
Sm Energy Co0.31%
Pbf Energy Inc Class A0.29%
Antero Midstream Corp0.29%
Nov Inc0.28%
Matador Resources Company0.26%
Weatherford International PLC0.26%
Magnolia Oil & Gas Corpo Class A0.24%
Plains Gp Hldgs Lp Class A0.23%
Noble Corp PLC0.23%
Transocean Ltd (Usa)0.23%
Murphy Oil Corp0.22%
Valaris Ltd0.22%
Cnx Resources Corp0.22%
International Seaways Inc0.20%
Archrock Inc0.20%
Delek Us Holdings Inc0.20%
Crescent Energy Inc A0.19%
Kodiak Gas Services Inc0.19%
Cactus Inc Class A0.19%
Core Natural Resources Inc0.18%
Par Pacific Holdings Inc0.17%
Patterson-Uti Energy Inc0.17%
Helmerich & Payne Inc0.17%
Hess Midstream Lp Class A0.17%
Oceaneering International Inc0.16%
California Res Corp0.15%
Calumet Inc0.15%
Uranium Energy Corp0.14%
Solaris Energy Infrastructure0.13%
Sunococorp Llc0.13%
Seadrill Ltd0.13%
Kinetik Holdings Inc0.13%
Cvr Energy Inc0.12%
State Street 60 Day Money Mark0.12%
Dorian Lpg Ltd0.12%
World Kinect Corp0.12%
Gulfport Energy Corp0.12%
Talos Energy Inc0.11%

Only in TRUN

2 securities, 25.4% of TRUN by weight

Energy Select Sector SPDR Fund22.99%
Schlumberger Nv2.38%

Weight gaps

All 20 Holdings in both funds, largest gap first.

Holding weights in FENY and TRUN, widest gap first
Holding	Gap	FENY	TRUN
Exxonmobil Holdings CorpXOM	TRUN +1.18 points	23.52%	24.70%
ConocophillipsCOP	FENY +0.85 points	6.46%	5.61%
Chevron CorpCVX	FENY +0.81 points	15.18%	14.37%
Marathon Petroleum CorpMPC	FENY +0.67 points	4.25%	3.58%
Eog Resources IncEOG	FENY +0.61 points	3.08%	2.47%
Valero Energy CorpVLO	FENY +0.57 points	4.02%	3.45%
Phillips 66PSX	FENY +0.53 points	3.82%	3.29%
Williams Companies IncWMB	FENY +0.46 points	3.01%	2.55%
Targa Resources CorpTRGP	FENY +0.36 points	2.18%	1.82%
Devon Energy CorpDVN	FENY +0.36 points	1.85%	1.49%
Oneok IncOKE	FENY +0.35 points	2.07%	1.72%
Kinder Morgan IncKMI	FENY +0.35 points	2.24%	1.89%
Occidental Petroleum CorpOXY	FENY +0.31 points	1.63%	1.32%
Baker Hughes CoBKR	FENY +0.29 points	1.82%	1.53%
Halliburton CoHAL	FENY +0.21 points	1.06%	0.85%
Eqt CorporationEQT	FENY +0.19 points	1.19%	1.00%
Texas Pacific Land CorpTPL	FENY +0.16 points	0.63%	0.47%
Expand Energy CorpEXE	FENY +0.15 points	0.79%	0.64%
Apa CorpAPA	FENY +0.15 points	0.66%	0.51%
Diamondback Energy IncFANG	FENY +0.14 points	1.31%	1.17%

All 107 FENY holdings⁠All TRUN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FENY vs TRUN Cost

Overpaying TRUN vs FENY

$1,569

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FENY 0.084%
$1,773
TRUN 0.16%
$3,342

Amount$10,000

Years30 years

Cost over time

FENY 0.084%
TRUN 0.16%
Overpaying

Year by year

Year	FENY	TRUN	Overpaying
10	$154	$292	$138
20	$603	$1,141	$538
30	$1,773	$3,342	$1,569

Expense ratio

0.08%FENY, cheaper
0.16%TRUN

FENY0.08%TRUN0.16%

0.08%0.95%

Middle half of Energy (Broad) funds
Median 0.46%

FENY 2nd cheapest of 24 funds

TRUN 4th cheapest of 24 funds

FENY vs TRUN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FENY 2.32%; TRUN No data
Payout (12M): FENY $0.79; TRUN No data
Last payment: FENY $0.21; TRUN $0.18
Ex-dividend: FENY Sep 18, 2026; TRUN Oct 1, 2026
Paid on: FENY Sep 22, 2026; TRUN Oct 6, 2026
Frequency: FENY Quarterly; TRUN Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

FENYQuarterly · 39 paymentsAll FENY payments⁠

TRUNIrregular · 1 paymentAll TRUN payments⁠

FENY vs TRUN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FENY 21.2%TRUN No data
Return per unit of riskSharpe ratio, 3 years: FENY 0.81TRUN No data
Worst fallMax drawdown, 5 years: FENY −26.6%TRUN No data
Market sensitivityBeta, 5 years: FENY −0.01TRUN 0.04; Market = 1

FENY and TRUN in the news

All news⁠

Category Review
The large US oil-company fund returned 45% this year. A pipeline-and-power fund returned 13%.
Updated Oct 6, 2026FENY
Deep Dive
Energy ETFs returned 43% this year. Two refiners pulled even with the majors
Sep 23, 2026FENY
Deep Dive
WTI settled at $100.05 as the IEA said August drained 95 million barrels
Sep 13, 2026FENY

Popular comparisons

FENYAvsXLEA
Fidelity MSCI Energy Index ETF · State Street Energy Select Sector SPDR ETF
Expense ratio
0.08% · 0.08%
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TRUNCvsXLEA
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FENYAvsVDEA
Fidelity MSCI Energy Index ETF · Vanguard Energy ETF
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0.08% · 0.09%
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TRUNCvsVDEA
VanEck Energy TruSector ETF · Vanguard Energy ETF
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FENYAvsENFRB
Fidelity MSCI Energy Index ETF · Alerian Energy Infrastructure ETF
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0.08% · 0.35%
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TRUNCvsENFRB
VanEck Energy TruSector ETF · Alerian Energy Infrastructure ETF
Expense ratio
0.16% · 0.35%
Category

FENY vs TRUN

In short

Stated mandate

Why people hold it

Worth knowing

How FENY and TRUN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FENY

Only in TRUN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The large US oil-company fund returned 45% this year. A pipeline-and-power fund returned 13%.

Energy ETFs returned 43% this year. Two refiners pulled even with the majors

WTI settled at $100.05 as the IEA said August drained 95 million barrels

How FENY and TRUN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FENY

Only in TRUN

Weight gaps