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
1.6 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) | $1,629 |
| 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 | 22.6 % |
| CHEVRON CORP | 13.9 % |
| CONOCOPHILLIPS | 6.5 % |
| EOG RESOURCES, INC. | 3.7 % |
| SCHLUMBERGER LTD | 3.5 % |
| MARATHON PETROLEUM | 3.2 % |
| PHILLIPS 66 | 3.1 % |
| VALERO ENERGY CORP | 2.7 % |
| WILLIAMS COS INC | 2.6 % |
| ONEOK INC | 2.4 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 849 |
| Wgt avg mkt cap (mns) | $180,627 |
| Large cap (>$10bn) | 86.5% |
| Mid cap ($2-10bn) | 9.8% |
| Small cap (<$2bn) | 3.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.8 % |
 |
NETHERLANDS | 0.9 % |
 |
SWITZERLAND | 0.7 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.9% | 6.4% | 2.8% | 19.7% | 14.8% | 3.3% | 3.3% | Volatility | 17.9% | 18.3% | 22.0% | 27.4% | 36.4% | 30.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 18% |
| MSCI EAFE | 0.64 | 17% |
| MSCI Emg Mkts | 0.30 | 4% |
Liquidity Measures
| Avg. volume (000) | 725 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $12,796 |
Technical Indicators
| Recent close | $25.98 |
| 30d moving avg. | $24.68 |
| Annualized volatility | 27.4% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 2.6% |
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. FENY |
Expenses vs. FENY |
ALTAR Score™ vs. FENY |
|---|---|---|---|---|
| VDE | Vanguard Energy ETF | 92.7% | +2 bp | 0.0% |
| IYE | iShares U.S. Energy ETF | 88.1% | +32 bp | -0.4% |
| XLE | Energy Select Sector SPDR Fund | 81.0% | +1 bp | +0.4% |
| DRLL | Strive U.S. Energy ETF | 69.8% | +33 bp | +0.5% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 65.6% | +52 bp | +1.4% |
| IGE | iShares North American Natural Resources ETF | 63.8% | +33 bp | -0.3% |
| IXC | iShares Global Energy ETF | 62.1% | +36 bp | +2.2% |
| FILL | iShares MSCI Global Energy Producers ETF | 52.6% | +31 bp | +3.2% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 52.2% | +32 bp | +1.3% |
| FXN | First Trust Energy AlphaDEX Fund | 46.7% | +54 bp | +2.0% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
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
FENY
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FENY
6.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FENY's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places FENY in the 68th 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 | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 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 | 4.2 | 12.6 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .