FENY vs XOP: Holdings Overlap
FENYFidelity MSCI Energy Index ETF
Fidelity · 98 holdings · $2.0B · as of 2026-04-30
XOPState Street® SPDR® S&P® Oil & Gas Exploration & Production ETF
State Street (SPDR) · 52 holdings · $3.6B · as of 2026-08-06
Holdings snapshots are 98 days apart (FENY: 2026-04-30, XOP: 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 XOP?
Fidelity MSCI Energy Index ETF (FENY, by Fidelity) holds 98 positions; State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF (XOP, by State Street (SPDR)) holds 52. They have 43 holdings in common, and by portfolio weight the two funds are 31.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43FENY holds 98 · XOP holds 52
- Weight in Shared Holdings
- FENY 48%·XOP 92%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
55 of 98 positions (51.5% of the fund) are not held by XOP. Showing the top 30 by weight.
Sector Breakdown
| Sector | FENY | XOP |
|---|---|---|
| Energy | 99.7% | 99.5% |
| 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% |
| XOP | +5.7% | +33.0% | +39.0% | +7.2% | +18.0% | +3.7% | 1.95% |
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 XOP →
Shared Holdings(43)
The top 10 shared positions account for 69% of the overlap, led by VLO, MPC and PSX.
 VLOValero Energy Corp. COM | 3.05% | 2.95% | 2.95% |
|---|---|---|---|
 MPCMarathon Petroleum Corp. COM | 2.94% | 2.86% | 2.86% |
 PSXPhillips 66 COM | 2.82% | 2.84% | 2.82% |
 CVXChevron Corp. COM | 14.48% | 2.50% | 2.50% |
 COPConocoPhillips COM | 6.09% | 2.45% | 2.45% |
 EOGEOG Resources Inc. COM | 2.97% | 2.44% | 2.44% |
 OXYOccidental Petroleum Corp. COM | 1.77% | 2.47% | 1.77% |
 FANGDiamondback Energy Inc COM | 1.52% | 2.42% | 1.52% |
 EQTEQT Corporation COM | 1.48% | 2.46% | 1.48% |
 DVNDevon Energy Corporation COM | 1.23% | 2.32% | 1.23% |
 TPLTexas Pacific Land Corporation COM | 1.04% | 2.38% | 1.04% |
 EXEExpand Energy Corp. COM | 0.97% | 2.61% | 0.97% |
 OVVOvintiv Inc COM | 0.72% | 2.60% | 0.72% |
 PRPermian Resources Corporation Class A | 0.63% | 2.58% | 0.63% |
 APAAPA Corp. COM | 0.61% | 2.42% | 0.61% |
 ARAntero Resources Corporation COM | 0.48% | 2.46% | 0.48% |
 DINOHF Sinclair Corporation | 0.45% | 2.94% | 0.45% |
 RRCRange Resources Corporation | 0.44% | 2.48% | 0.44% |
 VNOMViper Energy Inc. CL A | 0.40% | 2.32% | 0.40% |
 CHRDChord Energy Corp. COM NEW | 0.37% | 2.41% | 0.37% |
 MTDRMatador Resources Company COM | 0.33% | 2.23% | 0.33% |
 SMSM Energy Co. COM | 0.33% | 2.20% | 0.33% |
 MURMurphy Oil Corporation COM | 0.26% | 2.08% | 0.26% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.24% | 2.24% | 0.24% |
 CNXCNX Resources Corporation COM | 0.24% | 2.66% | 0.24% |
Frequently Asked Questions
How much do FENY and XOP overlap?
FENY and XOP overlap by 31.8% of portfolio weight. They share 43 holdings (FENY holds 98 positions and XOP holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FENY and XOP?
The two portfolios are 31.8% 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 XOP?
The largest positions held by both funds are VLO, MPC, PSX, CVX and COP. Together the top 10 shared positions account for 69% of the total overlap.
What does FENY own that XOP doesn't?
55 positions (51.5% of FENY) are unique to FENY, led by XOM, WMB and SLB. In the other direction, 9 positions (7.9% of XOP) are unique to XOP.