FENY vs SPY
Fidelity MSCI Energy Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FENY or SPY?
Large Cap Value against Large Cap Blend.
FENY has a lower expense ratio. FENY led over 1Y and 5Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 68.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FENY | SPY |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.09% |
| AUM | $2.4B | $797.9B |
| Dividend Yield | 2.05% | 1.00% |
| Holdings | 106 | 504 |
| YTD Return | +43.08%Best | +11.28% |
| 1Y Return | +45.79%Best | +13.46% |
| 3Y Return (annualized) | +18.45% | +20.37%Best |
| 5Y Return (annualized) | +21.24%Best | +11.54% |
| Volatility (annualized) | 28.8% | 14.4%Best |
| Max Drawdown | -78.9% | -34.1%Best |
| $10,000 over 5 years | $26,196Best | $17,264 |
| Top 10 Weight | 68.1% | 37.1%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 21, 2013 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Nov 13, 2026 (13.1 years).
FENY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.1 years both funds cover.
FENY vs SPY Performance
Fidelity MSCI Energy Index ETF (FENY) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FENY returned +45.79% while SPY returned +13.46%. Year to date, FENY is up 43.08% versus a gain of 11.28% for SPY.
Over three years, FENY compounded at +18.45% per year against +20.37% for SPY; over five years the annualized figures are +21.24% and +11.54% respectively. Across the full 13-year window we track, SPY has the edge at +12.49% annualized vs +4.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FENY has been the more volatile fund, with annualized monthly volatility of 28.8% compared with 14.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -78.9% for FENY and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FENY charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, FENY currently yields 2.05% against 1.00% for SPY.
Holdings Overlap
83.4% of FENY's money is in holdings SPY also owns. 3.8% of SPY's money is in holdings FENY also owns.
Most of FENY is already inside SPY. Owning both mostly buys the same companies twice.
21 positions in common, counted across the 103 positions we hold weights for in FENY and 502 in SPY, against full books of 106 and 504.
What only one of them owns
Our book lists 479 positions for SPY that do not appear in our book for FENY (95.9% of the fund), and 80 for FENY that do not appear in SPY (16.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FENY | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxonmobil Holdings Corp Common Stock Usd | 23.28% | 1.14% | 22.14% |
| CVXChevron Corp. | 14.86% | 0.69% | 14.17% |
| COPConocophillips Co | 6.37% | 0.27% | 6.10% |
| MPCMarathon Petroleum Corp. | 4.49% | 0.19% | 4.30% |
| VLOValero Energy Corp | 4.05% | 0.17% | 3.88% |
| PSXPhillips 66 | 3.91% | 0.17% | 3.74% |
| WMBWilliams Cos. Inc. | 3.05% | 0.13% | 2.92% |
| EOGEog Resources Inc | 3.02% | 0.13% | 2.89% |
| SLBSchlumberger Nv. | 2.75% | 0.12% | 2.63% |
| KMIKinder Morgan Inc./de | 2.23% | 0.10% | 2.13% |
83.4% of FENY is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FENY or SPY?
FENY has an expense ratio of 0.08% while SPY charges 0.09%. FENY is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FENY or SPY?
Over the past year FENY returned +45.79% vs +13.46% for SPY, so FENY leads on 1-year performance. Over the longest common window we track (13 years), FENY annualized +4.27% vs +12.49% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FENY or SPY?
FENY has been the more volatile fund at 28.8% annualized versus 14.4% for SPY. Worst drawdown: FENY -78.9% vs SPY -34.1%.
Should I hold both FENY and SPY?
FENY and SPY have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FENY and SPY?
83.4% of FENY's money is in holdings SPY also owns. 3.8% of SPY's is in holdings FENY also owns. They hold 21 positions in common, counted across the 103 positions we hold weights for in FENY and 502 in SPY.
Which pays a higher dividend, FENY or SPY?
FENY yields 2.05% while SPY yields 1.00%, so FENY currently pays the higher dividend yield.
Is SPY better than FENY?
FENY has a lower expense ratio. FENY led over 1Y and 5Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 68.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.