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ETFs

Fidelity MSCI Energy Index ETF

FENY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$18,858,124
AUM
$1,463,479,073
Associated Index
MSCI USA IMI Energy 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XOM
Exxon Mobil Corp.
22.57%
CVX
Chevron Corp.
16.24%
COP
Conoco Phillips
6.92%
MPC
Marathon Petroleum Corp
4.07%
SLB
SLB
3.77%
EOG
EOG Resources, Inc.
3.49%
OXY
Occidental Petroleum Corp.
3.05%
VLO
Valero Energy Corp.
2.99%
PSX
Phillips 66
2.54%
PXD
Pioneer Natural Resources Co.
2.44%
Invest with FENY

What is FENY?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Energy 25/50 Index.

ETFs related toFENY

ETFs correlated to FENY include VDE, DIG, IYE

FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
DRLL
EA Series Trust - Strive U.S. Energy ETF
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFENY

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FENY using Composer

FAQ

FENY is a US Equities ETF. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Energy 25/50 Index.

FENY tracks the MSCI USA IMI Energy 25/50 Index.

No, FENY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FENY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FENY is -0.0647%. This is the percent change in the value of FENY over the most recent 1-month period. The 3-month return on FENY is -0.0809%. This is the percent change in the value of FENY over the most recent 3-month period.

The standard deviation of FENY for the past year is 0.3608%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FENY include XLY, XLP, and XLU.

ETFs correlated to FENY include VDE, DIG, and IYE.

ETFs that are inversely correlated to FENY include DUG, ERY, and OILD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.