What do FENY and IXC track?

The index tracking methodology for both FENY and IXC is not available in the provided data. However, both are categorized as Equity Energy ETFs. FENY focuses on US energy equities, while IXC provides global exposure to the energy sector. Understanding these distinct investment strategies helps investors differentiate between the funds, even when specific tracking indices are not detailed. This distinction is crucial for assessing sector exposure.

Why do expense ratios matter for ETFs?

Expense ratios represent annual management fees deducted from fund assets. For example, FENY charges 0.08% compared to IXC's 0.37%. Over time, this 0.29 percentage point difference can significantly impact net returns. Lower fees mean more of the investment's growth and dividends remain in the investor's hands. While FENY's lower cost may seem advantageous, investors should balance it against other factors like diversification goals and exposure scope when evaluating these energy sector funds.

How do ETF dividends work?

ETF dividends represent distributions of income earned by the fund's underlying holdings. FENY offers a 2.32% yield, while IXC provides a slightly higher 2.76%. These distributions are typically paid quarterly, though schedules can vary. Yield percentages are based on recent history and may change. Investors receive these payments as cash or reinvested shares, depending on their account settings. Higher yields don't always mean better performance, as they may reflect price declines rather than increased company payouts.

How do the funds' exposures differ?

FENY concentrates on US energy equities, resulting in limited international diversification. Conversely, IXC provides global exposure to the energy sector. This distinction means FENY is more sensitive to domestic market fluctuations, while IXC includes international holdings. Despite IXC's global reach, its top holdings still heavily feature US giants like XOM and CVX. The key difference lies in the percentage allocations: FENY has higher concentrations in these stocks, while IXC's allocations are slightly lower, reflecting broader geographic inclusion.

What are the shared top holdings?

Both FENY and IXC share ten identical holdings in their top ten positions: XOM, CVX, COP, MPC, VLO, PSX, WMB, EOG, SLB, and TRGP. However, their weightings differ. For example, XOM constitutes 22.03% in FENY versus 17.58% in IXC. This significant overlap indicates similar core portfolios, primarily dominated by large integrated oil companies and pipeline operators, despite the broader global strategy employed by IXC.

Which fund might suit income-focused investors?

When comparing dividend yields, IXC offers 2.76% versus FENY's 2.32%. Income-focused investors might view this higher yield as a factor in their decision-making, though it must be balanced against IXC's higher expense ratio of 0.37% compared to FENY's 0.08%. Neither fund is inherently superior; the choice depends on whether prioritising current income distribution or minimising management fees is more important for the individual investor's specific financial objectives.

How do net assets differ?

FENY holds $2.1 billion in net assets, while IXC manages $3.0 billion. These figures reflect the total market value of the assets held by each fund. Generally, higher net assets can indicate greater liquidity and a longer operating history, as seen with IXC's 2001 inception versus FENY's 2013 start. However, asset size alone does not determine fund performance or suitability for specific investment goals.

How do global vs domestic holdings affect risk?

FENY's domestic US focus exposes it to US-specific risks and opportunities, potentially resulting in higher volatility tied solely to the American energy market. IXC's global strategy provides a broader geographical representation, which could offer some diversification benefits. However, since global energy markets are interconnected, the difference in risk might be less pronounced than expected, particularly given the significant weighting of US multinationals in both funds' portfolios.

Why does FENY have a lower expense ratio?

FENY's expense ratio is 0.08%, significantly lower than IXC's 0.37%. Fidelity may achieve lower costs through efficient management of its domestic US energy equities portfolio. IXC, launched in 2001, includes global holdings, necessitating more complex management. FENY's inception in 2013 positions it as a newer fund, potentially designed to compete on cost. The lower fee structure can make FENY more attractive for cost-conscious investors, although investors should weigh this against the funds' differing exposures.

Is past dividend yield a predictor of future returns?

No, past dividend yields, such as FENY's 2.32% and IXC's 2.76%, are not reliable indicators of future performance. These yields reflect historical distributions relative to the fund's share price. Future payouts depend on energy companies' earnings, management decisions, and sector trends, all of which can change. Investors should consider these yields as snapshots of recent history rather than guarantees of sustained income generation in the energy sector.

Do these ETFs provide diversification?

These ETFs offer sector diversification but not asset class diversification. FENY and IXC both focus on energy stocks, making them suitable as satellite holdings within a broader portfolio rather than core investments. FENY is concentrated in US energy equities, while IXC provides global energy sector exposure. Sector-specific funds are volatile and best combined with other asset classes to mitigate risk. Their high correlation with energy prices means they may underperform during sector downturns.

What data is missing in the comparison?

Both funds lack available index tracking methodology and sector weight details. This absence can hinder in-depth analysis of how each ETF's portfolio is constructed beyond its top holdings. Investors might seek these details to understand concentration risks and diversification levels. While the top ten holdings offer a glimpse into the portfolio structure, the missing sector weights prevent a complete assessment of subsector allocation.

FENY vs IXC

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Fidelity Energy ETF (FENY) and iShares Global Energy ETF (IXC). Explore differences in expense ratios (0.08% vs 0.37%), net assets ($2.1b vs $3.0b), dividend yields (2.32% vs 2.76%), and shared top-10 holdings including XOM and CVX. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

FENY

Metric

IXC

0.08%

Expense Ratio

0.37%

2.32%

Dividend Yield

2.76%

$2.14B

Net Assets

$2.98B

106

Holdings

Oct 24, 2013

Inception Date

Nov 12, 2001

–

Index Tracked

–

Equity Energy

Fund Category

Equity Energy

FENY costs about $29.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	FENY	IXC
XOMExxonMobil Holdings Corporation	22.03%	17.58%
CVXChevron Corporation	14.37%	10.82%
COPConocoPhillips	6.01%	4.14%
MPCMarathon Petroleum Corporation	4.58%	3.12%
VLOValero Energy Corporation	4.56%	3.11%
PSXPhillips 66	4.06%	2.85%
WMBThe Williams Companies, Inc.	3.21%	2.30%
EOGEOG Resources, Inc.	2.89%	1.98%
SLBSLB N.V.	2.85%	1.99%
TRGPTarga Resources Corp.	2.24%	1.64%

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Investment Analysis

FENY

Pros

FENY offers a low expense ratio of 0.08%.
FENY holds $2.1 billion in net assets.
FENY delivers a dividend yield of 2.32%.

Considerations

FENY is concentrated in US energy equities.
FENY has limited international diversification within its portfolio.
The fund's index tracking methodology is not available.

IXC

Pros

IXC provides global exposure to the energy sector.
IXC has a long operating history since its November 2001 inception.
IXC offers a slightly higher dividend yield of 2.76%.

Considerations

IXC carries a higher expense ratio of 0.37%.
IXC has limited diversification outside the energy sector.
The fund's index tracking methodology is not available.

About FENY and IXC

FENY (FENY)

The Fidelity Energy ETF, traded under the ticker FENY, offers investors targeted exposure to the global energy sector. As an exchange-traded fund managed by Fidelity Covington Trust, it aims to track the performance of a broad energy index, encompassing over 100 holdings. With a remarkably low expense ratio of just 0.08%, it provides a cost-efficient way to diversify within the energy industry, covering sub-sectors like oil, gas, and consumable fuels. Established in 2013, the fund has accumulated significant net assets, currently standing at approximately USD 2.14 billion. It provides a dividend yield of around 2.32%, offering potential income alongside capital appreciation. This ETF is designed for those seeking to understand the dynamics of the energy market, balancing the potential for growth in a vital global industry with the inherent volatility that often accompanies commodity-linked sectors. Investors should remember that capital is at risk and values can fall.

IXC (IXC)

The iShares Global Energy ETF (IXC) offers investors diversified exposure to the global energy sector. Launched in November 2001, this fund holds approximately 73 companies involved in the exploration, development, production, and distribution of energy resources worldwide. With net assets of roughly USD 2.98 billion, it provides a cost-efficient way to access established energy giants and mid-cap players across multiple geographies. The fund carries an expense ratio of 0.37% and has recently offered a dividend yield of around 2.76%, reflecting the income potential typical of mature energy firms. As with any sector-specific investment, values can fluctuate significantly due to changes in commodity prices, geopolitical events, and shifts toward renewable energy. This ETF is designed for those seeking targeted sector exposure rather than broad market diversification. It is crucial to consider your personal financial goals and risk tolerance, as returns are not guaranteed and losses are possible.

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FENY vs IXC

Fund Snapshot

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Investment Analysis

FENY

Pros

Considerations

IXC

Pros

Considerations

About FENY and IXC

Buy FENY or IXC in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What do FENY and IXC track?

Why do expense ratios matter for ETFs?

How do ETF dividends work?

How do the funds' exposures differ?

What are the shared top holdings?

Which fund might suit income-focused investors?

How do net assets differ?

How do global vs domestic holdings affect risk?

Why does FENY have a lower expense ratio?

Is past dividend yield a predictor of future returns?

Do these ETFs provide diversification?

What data is missing in the comparison?

Fund Snapshot

About FENY and IXC

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FENY vs VDE

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