Fidelity MSCI Energy Index ETF
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
-130.1x P/Sales
ratio
0.9x
P/BV
ratio
1.0x Div.
yield
5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category US Equities
Fund Sponsor FMR LLC
Website www.fidelity.com
Inception date Oct 21, 2013
Assets (mns) $475
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 91
Wgt avg mkt cap (mns) $86,795
Large cap (>$10bn) 83.9%
Mid cap ($2-10bn) 12.0%
Small cap (<$2bn) 4.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 22.9 %
CHEVRON CORP 20.4 %
CONOCOPHILLIPS 5.2 %
KINDER MORGAN INC 3.6 %
EOG RESOURCES INC 3.5 %
PHILLIPS 66 3.4 %
SCHLUMBERGER LTD 3.4 %
WILLIAMS COS INC 3.2 %
MARATHON PETROLEUM 3.0 %
VALERO ENERGY CORP 2.7 %
Total 71.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
BRITAIN 0.4 %
CANADA 0.4 %
NETHERLANDS 0.2 %
SWITZERLAND 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-39.2% -39.4% -10.4% -- -10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.83 72%
MSCI EAFE 2.03 75%
MSCI Emg. Mkts. 1.41 59%

Technical Indicators
Recent close $10.02
30d moving avg. $9.74
Annualized volatility 37.1%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.4%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 814
Turnover 1.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $7,028

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Fidelity MSCI Energy Index ETF ETF based on the alternatives' overlap in portfolio holdings with FENY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FENY Expense: 8 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FENY
Ticker Fund
Name
Overlap1
vs FENY
(%)
Expense
ratio
(bp)
Savings
vs FENY
(bp)
ALTAR
Score™
(%)
ALTAR
vs FENY
(%)
IYE iShares U.S. Energy ETF 95.3 42 -34 4.0 -0.2
VDE Vanguard Energy Index Fund 94.0 10 -2 3.9 -0.4
XLE Energy Select Sector SPDR Fund 87.2 13 -5 4.5 +0.3
JHME John Hancock Multifactor Energy ETF 61.1 40 -32 3.7 -0.5
RYE Invesco S&P 500 Equal Weight Energy ETF 51.0 40 -32 3.6 -0.6
IGE iShares North American Natural Resources ETF 50.7 46 -38 4.0 -0.2
IXC iShares Global Energy ETF 50.6 46 -38 5.9 +1.7
FXN First Trust Energy AlphaDEX Fund 45.1 65 -57 2.5 -1.7
FTXN First Trust Nasdaq Oil & Gas ETF 44.2 60 -52 3.1 -1.1
FILL iShares MSCI Global Energy Producers ETF 42.6 39 -31 6.3 +2.1
PXI Invesco DWA Energy Momentum ETF 37.8 60 -52 0.5 -3.8
XOP SPDR S&P Oil & Gas Exploration & Production ETF 37.4 35 -27 3.3 -0.9
IEO iShares U.S. Oil & Gas Exploration & Production ETF 34.0 42 -34 3.4 -0.8
NANR SPDR S&P North American Natural Resources ETF 33.4 35 -27 3.4 -0.8
PXE Invesco Dynamic Energy Exploration & Production ETF 29.0 63 -55 0.9 -3.3
FRAK VanEck Vectors Unconventional Oil & Gas ETF 23.4 54 -46 1.5 -2.7
FCG First Trust Natural Gas ETF 21.9 60 -52 3.6 -0.6
HDV iShares Core High Dividend ETF 19.5 8 0 6.6 +2.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 18.9 39 -31 10.2 +6.0
EQRR ProShares Equities for Rising Rates ETF 17.2 35 -27 6.6 +2.4
GBDV Global Beta Smart Income ETF 16.0 29 -21 8.2 +4.0
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 14.5 75 -67 3.1 -1.1
SPHB Invesco S&P 500 High Beta ETF 14.1 25 -17 8.7 +4.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 13.5 7 1 6.7 +2.4
PVAL Principal Contrarian Value Index ETF 13.4 29 -21 9.3 +5.1
PMOM Principal Sustainable Momentum Index ETF 13.3 29 -21 8.3 +4.1
MAGA Point Bridge GOP Stock Tracker ETF 12.2 72 -64 6.1 +1.9
GUNR Flexshares Morningstar Global Upstream Natural Resources 12.0 46 -38 5.5 +1.3
TPYP Tortoise North American Pipeline Fund 11.7 40 -32 5.6 +1.3
USAI Pacer American Energy Independence ETF 11.7 75 -67 3.3 -0.9
MLPX Global X MLP & Energy Infrastructure ETF 11.7 45 -37 3.2 -1.0
ENFR Alerian Energy Infrastructure ETF 11.6 65 -57 4.8 +0.5
YMLP VanEck Vectors High Income MLP ETF 11.6 45 -37 4.7 +0.5
GNR SPDR S&P Global Natural Resources ETF 11.5 40 -32 6.3 +2.1
SPYD SPDR S&P 500 High Dividend ETF 11.4 7 1 10.9 +6.7
HAP VanEck Vectors Natural Resources ETF 11.3 50 -42 5.9 +1.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.7 38 -30 7.6 +3.4
VSL Volshares Large Capital ETF 10.5 65 -57 2.7 -1.6
RPV Invesco S&P 500 Pure Value ETF 10.1 35 -27 10.5 +6.2
CRAK VanEck Vectors Oil Refiners ETF 9.9 60 -52 12.3 +8.1
ONEY SPDR Russell 1000 Yield Focus ETF 9.7 20 -12 8.8 +4.5
SPVU Invesco S&P 500 Enhanced Value ETF 9.4 13 -5 11.0 +6.8
SLT Salt TruBeta High Exposure ETF 9.3 29 -21 8.7 +4.5
FOVL iShares Focused Value Factor ETF 9.3 25 -17 9.7 +5.5
IEZ iShares U.S. Oil Equipment & Services ETF 9.3 42 -34 0.8 -3.4
XES SPDR S&P Oil & Gas Equipment & Services ETF 9.3 35 -27 -1.8 -6.0
SDOG ALPS Sector Dividend Dogs ETF 9.1 40 -32 9.8 +5.6
EQAL Invesco Russell 1000 Equal Weight ETF 9.0 20 -12 5.4 +1.1
OIH VanEck Vectors Oil Services ETF 9.0 35 -27 -2.4 -6.6
VLU SPDR S&P 1500 Value Tilt ETF 8.9 12 -4 7.0 +2.8
DVY iShares Select Dividend ETF 8.7 39 -31 9.2 +5.0
DHS WisdomTree U.S. High Dividend Fund 8.6 38 -30 8.4 +4.2
QDIV Global X S&P 500 Quality Dividend ETF 8.6 20 -12 7.3 +3.1
PXJ Invesco Dynamic Oil & Gas Services ETF 8.5 63 -55 -0.2 -4.4
IUS Invesco Strategic US ETF 8.4 19 -11 6.2 +2.0
GRES IQ Global Resources ETF 8.1 77 -69 7.2 +3.0
FDVV Fidelity Core Dividend ETF 8.1 29 -21 6.9 +2.7
IGF iShares Global Infrastructure ETF 7.9 46 -38 5.4 +1.2
GII SPDR S&P Global Infrastructure ETF 7.9 40 -32 5.4 +1.2
JDIV JPMorgan U.S. Dividend ETF 7.8 12 -4 7.5 +3.3
JKI iShares Morningstar Mid-Cap Value ETF 7.8 30 -22 8.6 +4.4
WBIY WBI Power Factor High Dividend ETF 7.7 70 -62 10.6 +6.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.4 30 -22 9.1 +4.9
DEW WisdomTree Global High Dividend Fund 7.4 58 -50 9.1 +4.9
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.3 29 -21 6.8 +2.6
SPDV AAM S&P 500 High Dividend Value ETF 7.2 29 -21 9.8 +5.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 7.1 46 -38 5.3 +1.1
JKF iShares Morningstar Large Cap Value ETF 6.9 25 -17 7.4 +3.2
SYLD Cambria Shareholder Yield ETF 6.8 59 -51 8.5 +4.3
PRF Invesco FTSE RAFI US 1000 ETF 6.8 39 -31 6.5 +2.2
RWL Invesco S&P 500 Revenue ETF 6.8 39 -31 6.8 +2.6
OUSA O'Shares FTSE US Quality Dividend ETF 6.7 48 -40 5.5 +1.3
USDY Pacific Global US Equity Income ETF 6.7 29 -21 7.0 +2.8
AVUV Avantis U.S. Small Cap Value ETF 6.6 25 -17 8.0 +3.8
JKL iShares Morningstar Small Cap Value ETF 6.6 30 -22 9.6 +5.4
EMLP First Trust North American Energy Infrastructure Fund 6.6 96 -88 5.1 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.6 25 -17 6.1 +1.9
DIV Global X SuperDividend US ETF 6.5 46 -38 6.9 +2.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.4 29 -21 7.6 +3.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 6.3 25 -17 6.1 +1.9
HLAL Wahed FTSE USA Shariah ETF 6.3 50 -42 4.3 +0.1
VYM Vanguard High Dividend Yield Index ETF 6.3 6 2 7.2 +3.0
ESGS Columbia Sustainable U.S. Equity Income ETF 6.3 35 -27 8.1 +3.9
DLN WisdomTree U.S. LargeCap Dividend Fund 6.1 28 -20 6.2 +2.0
FTA First Trust Large Cap Value AlphaDEX Fund 6.1 60 -52 8.9 +4.7
GCOW Pacer Global High Dividend ETF 6.0 60 -52 10.2 +5.9
PEY Invesco High Yield Equity Dividend Achievers ETF 6.0 53 -45 9.4 +5.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.9 35 -27 8.2 +4.0
EDOW First Trust Dow 30 Equal Weight ETF 5.9 50 -42 5.7 +1.5
DTD WisdomTree U.S.Total Dividend Fund 5.9 28 -20 6.4 +2.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 5.8 29 -21 9.0 +4.8
GLIF AGFiQ Global Infrastructure ETF 5.8 45 -37 5.2 +1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.8 24 -16 5.9 +1.6
SYV SPDR MFS Systematic Value Equity ETF 5.7 60 -52 7.1 +2.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.6 19 -11 5.8 +1.6
SCHD Schwab U.S. Dividend Equity ETF 5.6 6 2 7.7 +3.5
FTRI First Trust Indxx Global Natural Resources Income ETF 5.5 70 -62 8.8 +4.6
FMK First Trust Mega Cap AlphaDEX Fund 5.5 70 -62 4.6 +0.4
IVE iShares S&P 500 Value ETF 5.4 18 -10 7.0 +2.8
SPYV SPDR Portfolio S&P 500 Value ETF 5.4 4 4 7.1 +2.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity MSCI Energy Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.