FENY vs TSES

FENYAFidelity MSCI Energy Index ETF

TSESCTruth Social American Energy Security 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.

TSES A US energy fund with a media brand stamped on the ticker. Under the branding it is ordinary machinery: TSES tracks the MarketVector American Energy Security Index, so the holdings follow a published rulebook, not a headline.

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.

TSES The Fund seeks investment results that generally correspond to the price and yield performance of the MarketVectorTM American Energy Security Index, before fees and expenses.

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.

• TSES Rules-based, not a hunch. The fund aims to track the price and yield of the MarketVector American Energy Security Index before fees, so a published methodology decides what it owns.
• Plain wrapper, plain mandate: US-listed energy stocks in a standard 1940 Act ETF. No leverage story, no derivatives overlay to decode.
• Distributions are paid on a quarterly schedule, the usual cadence for equity sector funds.

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.

• TSES You pay up for the packaging. The 0.65% expense ratio sits above the broad-energy median of 0.45%, and index giants like XLE and FENY charge 0.08%, VDE 0.09%.
• A December 2025 launch means a short track record, and trading has been light so far. Spreads and order type matter more here than with the category's household names.
• On the measures we track, the entrenched low-cost broad-energy funds still set the bar in this peer group, and TSES lands in its lower half.

Full FENY profile⁠

Full TSES profile⁠