Fidelity Environment and Alternative Energy Fund (FSLEX)

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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.

Fidelity Environment and Alternative Energy Fund (FSLEX) has returned -3.79% so far this year and 26.76% over the past 12 months. Over the last decade, FSLEX has posted an annualized return of 12.60%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Jun 29, 1989, FSLEX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, your investment would double in approximately 9.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +17.1%, while the worst month was Aug 1998 at -19.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FSLEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +13.9%, while the worst single day was Mar 16, 2020 at -10.9%.

Fidelity Environment and Alternative Energy Fund has an annualized alpha of -0.89%, beta of 0.90, and R² of 0.70 versus S&P 500 Index. Calculated based on daily prices since June 30, 1989.

• This fund participated in 108.64% of S&P 500 Index downside but only 98.24% of its upside — more exposed to losses than it benefited from rallies.
• With beta of 0.90 and R² of 0.70, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FSLEX has an expense ratio of 0.79%, placing it in the medium range.

FSLEX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Environment and Alternative Energy Fund provided a 0.38% dividend yield over the last twelve months, with an annual payout of $0.18 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 917 trading sessions.

The current Fidelity Environment and Alternative Energy Fund drawdown is 11.41%.

The chart below shows the rolling one-month volatility.