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Fidelity Environment and Alternative Energy Fund (...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US3163905744

CUSIP

316390574

Issuer

Fidelity

Inception Date

Jun 29, 1989

Min. Investment

$0

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

FSLEX features an expense ratio of 0.79%, falling within the medium range.


Expense ratio chart for FSLEX: current value at 0.79% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.79%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
FSLEX vs. FBGRX FSLEX vs. SCHD FSLEX vs. SPY FSLEX vs. DSI FSLEX vs. VOO FSLEX vs. FXAIX FSLEX vs. IVV FSLEX vs. SSO FSLEX vs. FNILX FSLEX vs. SPYG
Popular comparisons:
FSLEX vs. FBGRX FSLEX vs. SCHD FSLEX vs. SPY FSLEX vs. DSI FSLEX vs. VOO FSLEX vs. FXAIX FSLEX vs. IVV FSLEX vs. SSO FSLEX vs. FNILX FSLEX vs. SPYG

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Environment and Alternative Energy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
9.54%
7.85%
FSLEX (Fidelity Environment and Alternative Energy Fund)
Benchmark (^GSPC)

Returns By Period

Fidelity Environment and Alternative Energy Fund had a return of 3.37% year-to-date (YTD) and 28.71% in the last 12 months. Over the past 10 years, Fidelity Environment and Alternative Energy Fund had an annualized return of 8.65%, while the S&P 500 had an annualized return of 11.41%, indicating that Fidelity Environment and Alternative Energy Fund did not perform as well as the benchmark.


FSLEX

YTD

3.37%

1M

-2.59%

6M

8.58%

1Y

28.71%

5Y*

8.92%

10Y*

8.65%

^GSPC (Benchmark)

YTD

0.95%

1M

-1.87%

6M

7.08%

1Y

25.28%

5Y*

12.31%

10Y*

11.41%

*Annualized

Monthly Returns

The table below presents the monthly returns of FSLEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-2.18%6.91%2.84%-3.47%5.87%-0.77%4.73%1.20%4.86%-4.98%8.27%-3.75%20.01%
20235.65%0.58%3.16%-2.58%1.39%9.62%1.83%-1.83%-5.34%-4.48%11.59%5.49%26.29%
2022-11.04%-2.43%5.88%-10.89%-1.40%-8.43%13.12%-5.43%-8.97%3.23%7.54%-7.49%-26.05%
20210.07%1.89%6.80%4.59%0.98%-1.06%3.48%3.48%-5.77%13.88%-0.67%-6.85%20.96%
2020-3.29%-8.07%-17.02%1.53%5.31%2.33%5.72%10.47%-3.50%-1.07%17.10%5.94%11.64%
20199.36%5.59%0.16%2.67%-9.07%9.89%-1.88%-4.86%3.86%1.61%3.97%2.95%25.13%
20184.32%-4.54%-1.25%-6.84%1.82%-2.32%6.54%0.35%-0.23%-9.76%5.63%-11.03%-17.58%
20172.62%3.24%1.47%-1.10%2.47%1.22%-0.77%-0.61%3.88%4.21%3.02%-2.60%18.13%
2016-6.23%2.53%8.08%2.85%-0.40%-1.84%5.37%2.07%1.51%-2.37%6.08%1.58%20.01%
2015-3.38%6.24%-0.67%-0.45%2.22%-1.69%-3.00%-5.42%-4.34%9.92%1.78%-4.04%-3.90%
2014-3.33%5.84%0.47%-0.84%1.29%2.76%-4.26%1.34%-4.43%1.11%2.51%2.46%4.49%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 82, FSLEX is among the top 18% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FSLEX is 8282
Overall Rank
The Sharpe Ratio Rank of FSLEX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of FSLEX is 8282
Sortino Ratio Rank
The Omega Ratio Rank of FSLEX is 8080
Omega Ratio Rank
The Calmar Ratio Rank of FSLEX is 7979
Calmar Ratio Rank
The Martin Ratio Rank of FSLEX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for FSLEX, currently valued at 1.62, compared to the broader market-1.000.001.002.003.004.001.621.91
The chart of Sortino ratio for FSLEX, currently valued at 2.18, compared to the broader market0.002.004.006.008.0010.0012.002.182.56
The chart of Omega ratio for FSLEX, currently valued at 1.28, compared to the broader market1.002.003.004.001.281.35
The chart of Calmar ratio for FSLEX, currently valued at 1.50, compared to the broader market0.005.0010.0015.0020.001.502.90
The chart of Martin ratio for FSLEX, currently valued at 10.05, compared to the broader market0.0020.0040.0060.0080.0010.0511.90
FSLEX
^GSPC

The current Fidelity Environment and Alternative Energy Fund Sharpe ratio is 1.62. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity Environment and Alternative Energy Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50AugustSeptemberOctoberNovemberDecember2025
1.62
1.91
FSLEX (Fidelity Environment and Alternative Energy Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Environment and Alternative Energy Fund provided a 0.40% dividend yield over the last twelve months, with an annual payout of $0.16 per share.


0.00%5.00%10.00%15.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.16$0.16$0.13$0.18$0.10$0.26$0.23$0.22$0.22$0.16$0.70$3.04

Dividend yield

0.40%0.41%0.39%0.69%0.28%0.87%0.86%1.00%0.83%0.71%3.70%14.89%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Environment and Alternative Energy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00
2024$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.15$0.16
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.13
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.18$0.18
2021$0.00$0.00$0.00$0.02$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.08$0.10
2020$0.00$0.00$0.00$0.09$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.26
2019$0.00$0.00$0.00$0.05$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.18$0.23
2018$0.00$0.00$0.00$0.07$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.15$0.22
2017$0.00$0.00$0.00$0.05$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.22
2016$0.00$0.00$0.00$0.04$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.12$0.16
2015$0.00$0.00$0.00$0.46$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.24$0.70
2014$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.01$3.04

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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-2.59%
-2.51%
FSLEX (Fidelity Environment and Alternative Energy Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Environment and Alternative Energy 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 Environment and Alternative Energy Fund was 50.21%, occurring on Jul 23, 2002. Recovery took 916 trading sessions.

The current Fidelity Environment and Alternative Energy Fund drawdown is 2.59%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-50.21%Apr 16, 19981084Jul 23, 2002916Mar 14, 20062000
-49.22%Dec 27, 2007300Mar 9, 2009484Feb 7, 2011784
-40.39%Jan 29, 2018541Mar 23, 2020171Nov 23, 2020712
-37.5%Nov 22, 2021226Oct 14, 2022484Sep 19, 2024710
-31.35%May 2, 2011108Oct 3, 2011403May 14, 2013511

Volatility

Volatility Chart

The current Fidelity Environment and Alternative Energy Fund volatility is 6.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%AugustSeptemberOctoberNovemberDecember2025
6.61%
4.97%
FSLEX (Fidelity Environment and Alternative Energy Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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