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Fidelity MSCI Energy Index (FENY)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.08 % · ISIN US3160924029
Price history (since 2013)
Monthly close since 2013. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Exxon Mobil Corp XOM | 22.4 % | −48.1 % | 58 |
| Chevron Corp CVX | 14.2 % | −57.7 % | 50 |
| ConocoPhillips COP | 5.9 % | −35.1 % | 66 |
| Marathon Petroleum Corp MPC | 4.7 % | −77.0 % | 61 |
| Valero Energy Corporation VLO | 4.7 % | −71.2 % | 68 |
| Phillips 66 PSX | 4.0 % | −70.4 % | 62 |
| Williams Companies Inc WMB | 3.3 % | −84.3 % | 50 |
| EOG Resources Inc EOG | 2.9 % | +7.7 % | 64 |
| Schlumberger NV SLB | 2.8 % | −40.8 % | 53 |
| Kinder Morgan Inc KMI | 2.3 % | −15.8 % | 58 |
| Targa Resources Inc TRGP | 2.3 % | −77.7 % | 58 |
| Cheniere Energy Inc LNG | 2.1 % | +8.3 % | 63 |
| Baker Hughes Co BKR | 2.1 % | −42.6 % | 59 |
| Devon Energy Corporation DVN | 2.0 % | −10.1 % | 42 |
| Occidental Petroleum Corporation OXY | 1.6 % | −46.2 % | 50 |
| Diamondback Energy Inc FANG | 1.3 % | +23.0 % | 42 |
| EQT Corporation EQT | 1.2 % | +7.0 % | 52 |
| TechnipFMC PLC FTI | 1.1 % | −60.6 % | 76 |
| Halliburton Company HAL | 1.0 % | −34.2 % | 56 |
| Chesapeake Energy Corporation CHK | 0.8 % | n/a | n/a |
| Texas Pacific Land Corporation TPL | 0.8 % | −14.1 % | 65 |
| HF Sinclair Corp DINO | 0.7 % | −58.7 % | 63 |
| Ovintiv Inc OVV | 0.7 % | −15.9 % | 40 |
| APA Corporation APA | 0.6 % | +19.4 % | 50 |
| Permian Resources Corporation YZ8 | 0.6 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about FENY
Is FENY overvalued?
What is the fair value of FENY?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FENY?
What is the expense ratio of FENY?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® MSCI Energy Index ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.