FENY
Fidelity MSCI Energy Index ETF
The Fidelity MSCI Energy Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Energy Index.
US
EQUITY
Passive
MANAGEMENT STYLE
1.5 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Fund sponsor | FMR LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2013 |
| Assets (mns) | $1,500 |
| Expense ratio | 8 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EXXON MOBIL CORP | 23.7 % |
| CHEVRON CORP | 14.1 % |
| CONOCOPHILLIPS | 6.5 % |
| WILLIAMS COS INC | 3.7 % |
| EOG RESOURCES, INC. | 3.6 % |
| MARATHON PETROLEUM | 3.1 % |
| PHILLIPS 66 | 2.9 % |
| CHENIERE ENERGY INC | 2.9 % |
| KINDER MORGAN INC | 2.9 % |
| SCHLUMBERGER LTD | 2.7 % |
Constituent Breakdown
| Number of holdings | 110 |
| Herfindahl-Hirschman Index | 918 |
| Wgt avg mkt cap (mns) | $194,262 |
| Large cap (>$10bn) | 89.5% |
| Mid cap ($2-10bn) | 7.3% |
| Small cap (<$2bn) | 2.8% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.1 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.6% | 0.7% | 1.9% | -0.3% | 26.2% | 2.4% | -- | -0.2% |
| Dividend Yield | 1.7% | 2.4% | 2.8% | 3.0% | 4.3% | 3.8% | -- | 3.4% |
| Total Returns | 4.3% | 3.1% | 4.8% | 2.7% | 30.5% | 6.1% | -- | 3.2% | Ann. Volatility | 26.0% | 25.0% | 21.8% | 23.0% | 28.9% | 30.2% | -- | 28.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.51 | 14% |
| MSCI EAFE | 0.46 | 15% |
| MSCI Emg Mkts | 0.24 | 5% |
Liquidity Measures
| Avg. volume (000) | 3,788 |
| ADV traded (mns) | $93 |
| Turnover | 6.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| Recent close | $24.47 |
| 30d moving avg. | $24.47 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 51 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| VDE | Vanguard Energy ETF | 93.7% | +1 bp | +9.1% |
| IYE | iShares U.S. Energy ETF | 90.5% | +32 bp | +9.1% |
| GXPE | Global X PureCap MSCI Energy ETF | 85.3% | +17 bp | +8.9% |
| XLE | Energy Select Sector SPDR Fund | 83.0% | 0 bp | +9.2% |
| DRLL | Strive U.S. Energy ETF | 66.9% | +33 bp | +10.4% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 66.3% | +52 bp | +12.5% |
| IXC | iShares Global Energy ETF | 59.9% | +36 bp | +10.1% |
| IGE | iShares North American Natural Resources ETF | 56.2% | +33 bp | +7.7% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 52.0% | +32 bp | +11.5% |
| FILL | iShares MSCI Global Energy Producers ETF | 50.7% | +31 bp | +11.4% |
Risk and Returns: FENY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/2/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FENY
9.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. FENY's ALTAR Score™ is approximately
1.5 standard deviations
above
the category average. This places FENY in the 93rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FENYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 217 |
| Avg. Expense Ratio | 31.1 bp |
| Std. Deviation | 25.2 bp |
| FENY (8 bp) Percentile rank | 18 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FENY | 8.4 | 4.1 | 12.5 |
| Peer Avg. | 31.1 | 10.5 | 41.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .