FENY vs XLE: Holdings Overlap
FENYFidelity MSCI Energy Index ETF
Fidelity · 98 holdings · $2.0B · as of 2026-04-30
XLEState Street® Energy Select Sector SPDR® ETF
State Street (SPDR) · 22 holdings · $38.5B · as of 2026-08-06
Holdings snapshots are 98 days apart (FENY: 2026-04-30, XLE: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FENY and XLE?
Fidelity MSCI Energy Index ETF (FENY, by Fidelity) holds 98 positions; State Street® Energy Select Sector SPDR® ETF (XLE, by State Street (SPDR)) holds 22. They have 20 holdings in common, and by portfolio weight the two funds are 59.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20FENY holds 98 · XLE holds 22
- Weight in Shared Holdings
- FENY 59%·XLE 79%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FENY
78 of 98 positions (40.7% of the fund) are not held by XLE. Showing the top 30 by weight.
Only in XLE
2 of 22 positions (21.0% of the fund) are not held by FENY.
XOMEXXONMOBIL HOLDINGS CORP21.04%
IXPU6XAE ENERGY SEP260.00%
Sector Breakdown
| Sector | FENY | XLE |
|---|---|---|
| Energy | 99.7% | 99.8% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FENY | +5.2% | +30.6% | +40.9% | +13.4% | +22.8% | +9.3% | 2.43% |
| XLE | +5.2% | +30.4% | +40.5% | +13.3% | +22.8% | +9.8% | 2.64% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FENY vs XLE →
Shared Holdings(20)
The top 10 shared positions account for 75% of the overlap, led by CVX, COP and WMB.
 CVXChevron Corp. COM | 14.48% | 15.05% | 14.48% |
|---|---|---|---|
 COPConocoPhillips COM | 6.09% | 6.04% | 6.04% |
 WMBWilliams Companies Inc. (The) COM | 3.62% | 3.98% | 3.62% |
 SLBSLB Ltd. COM USD0.01 | 3.31% | 4.60% | 3.31% |
 VLOValero Energy Corp. COM | 3.05% | 4.71% | 3.05% |
 EOGEOG Resources Inc. COM | 2.97% | 4.28% | 2.97% |
 MPCMarathon Petroleum Corp. COM | 2.94% | 4.78% | 2.94% |
 PSXPhillips 66 COM | 2.82% | 4.89% | 2.82% |
 BKRBaker Hughes Co., Class A | 2.68% | 3.95% | 2.68% |
 KMIKinder Morgan, Inc. COM | 2.57% | 3.90% | 2.57% |
 OKEOneok Inc. COM | 2.27% | 3.53% | 2.27% |
 TRGPTarga Resources Corp. COM | 2.19% | 3.66% | 2.19% |
 OXYOccidental Petroleum Corp. COM | 1.77% | 2.59% | 1.77% |
 FANGDiamondback Energy Inc COM | 1.52% | 2.34% | 1.52% |
 EQTEQT Corporation COM | 1.48% | 2.05% | 1.48% |
 HALHalliburton Company COM | 1.43% | 1.73% | 1.43% |
 DVNDevon Energy Corporation COM | 1.23% | 3.16% | 1.23% |
 TPLTexas Pacific Land Corporation COM | 1.04% | 1.31% | 1.04% |
 EXEExpand Energy Corp. COM | 0.97% | 1.40% | 0.97% |
 APAAPA Corp. COM | 0.61% | 0.82% | 0.61% |
Frequently Asked Questions
How much do FENY and XLE overlap?
FENY and XLE overlap by 59.0% of portfolio weight. They share 20 holdings (FENY holds 98 positions and XLE holds 22), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FENY and XLE?
The two portfolios are 59.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FENY and XLE?
The largest positions held by both funds are CVX, COP, WMB, SLB and VLO. Together the top 10 shared positions account for 75% of the total overlap.
What does FENY own that XLE doesn't?
78 positions (40.7% of FENY) are unique to FENY, led by XOM, LNG and FTI. In the other direction, 2 positions (21.0% of XLE) are unique to XLE.