- Issuer
- Fidelity
- Inception Date
- Apr 21, 2020
- Category
- Energy Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FLOWX Performance Chart
Fidelity Water Sustainability Fund (FLOWX) is up 1.3% since the beginning of the year. FLOWX is currently trading at $20 per share. Investors who bought $1,000 worth of FLOWX shares 5 years ago would now be looking at an investment worth $1,486.
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Returns By Period
Fidelity Water Sustainability Fund (FLOWX) has returned 1.34% so far this year and 9.36% over the past 12 months.
Fidelity Water Sustainability Fund
- 1D
- 1.02%
- 1M
- 1.70%
- YTD
- 1.34%
- 6M
- 0.53%
- 1Y
- 9.36%
- 3Y*
- 11.72%
- 5Y*
- 8.25%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLOWX Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2020, FLOWX's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was Oct 2022 with a return of +11.7%, while the worst month was Jan 2022 at -12.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FLOWX closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +6.4%, while the worst single day was Jun 11, 2020 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.34% | 5.75% | -8.58% | 2.92% | -5.19% | 1.96% | 1.34% | ||||||
| 2025 | 2.94% | -1.72% | -1.28% | 5.48% | 4.41% | 3.05% | 0.07% | 3.48% | -0.41% | -0.10% | 1.64% | -0.58% | 18.02% |
| 2024 | -2.94% | 6.95% | 4.51% | -3.05% | 4.04% | -3.60% | 8.59% | -1.91% | 1.95% | -3.12% | 5.36% | -6.98% | 8.78% |
| 2023 | 5.90% | -2.51% | 2.14% | -0.70% | -1.90% | 9.12% | 3.24% | -2.23% | -7.32% | -5.14% | 11.37% | 7.04% | 18.58% |
| 2022 | -12.68% | -1.22% | 4.04% | -8.74% | -2.45% | -7.68% | 11.44% | -5.60% | -9.13% | 11.72% | 5.99% | -4.09% | -19.94% |
| 2021 | -0.82% | 1.66% | 2.89% | 5.12% | 1.71% | -1.08% | 7.26% | 4.45% | -5.72% | 6.58% | -0.97% | 5.06% | 28.52% |
Benchmark Metrics
Fidelity Water Sustainability Fund has an annualized alpha of -0.97%, beta of 0.86, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since April 16, 2020.
- This fund participated in 92.55% of S&P 500 Index downside but only 80.70% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.86 and R2 of 0.66, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.97%
- Beta
- 0.86
- R²
- 0.66
- Upside Capture
- 80.70%
- Downside Capture
- 92.55%
Expense Ratio
FLOWX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FLOWX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Water Sustainability Fund (FLOWX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLOWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.78 | -2.10 |
| Martin ratioReturn relative to average drawdown | 1.78 | 12.44 | -10.66 |
Dividends
Dividend History
Fidelity Water Sustainability Fund provided a 2.89% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.43 | $0.07 | $0.01 | $0.24 | $0.20 |
Dividend yield | 2.89% | 2.93% | 2.51% | 0.42% | 0.08% | 1.41% | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Water Sustainability Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Water Sustainability Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Water Sustainability Fund was 30.63%, occurring on Jun 16, 2022. Recovery took 432 trading sessions.
The current Fidelity Water Sustainability Fund drawdown is 9.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -30.63%Jun 2022 | 6mo 26d | 1y 8mo | 2y 3moNov 2021 - Mar 2024 |
2025 selloff2025 | -16.13%Apr 2025 | 4mo 5d | 1mo 7d | 5mo 12dDec 2024 - May 2025 |
2026 correction2026 | -12.84%May 2026 | 2mo 21d | — | 3mo 26dFeb 2026 - now |
2020 pullback2020 | -8.80%Jun 2020 | 16d | 28d | 1mo 14dJun 2020 - Jul 2020 |
2024 pullback2024 | -8.09%Jul 2024 | 1mo 16d | 15d | 2mo 1dMay 2024 - Jul 2024 |
Drawdown Indicators
| FLOWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -56.78% | +26.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -9.10% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -18.90% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -25.43% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.20% | -1.80% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -7.39% | -10.71% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 2.03% | +2.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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