Oil prices have raced higher, propelling energy stocks and ETFs. Options abound, so which is the better energy ETF for investors — the Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) or the iShares U.S. Energy ETF (NYSEARCA:IYE)?
The favorable backdrop for the energy sector makes it a good time to compare these two popular energy ETFs from two asset management giants. These are both good ETFs, and they have a lot in common, but as we’ll discuss below, one is the clear-cut winner.
A Comparison of FENY and IYE’s Returns Using TipRanks’ Comparison Tool
An Attractive Time to Invest in Energy ETFs
Oil prices have climbed higher in 2024, pushing energy stocks and ETFs to new highs. FENY is up 13% year-to-date, while IYE is up 12.4%.
Energy stocks have performed well for a variety of reasons. Production cuts by OPEC+ nations look set to remain in place through the…
