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ISIN
US3163905744
CUSIP
316390574
Issuer
Fidelity
Inception Date
Jun 29, 1989
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

FSLEX Performance Chart

Fidelity Environment and Alternative Energy Fund (FSLEX) is up 15.9% since the beginning of the year. FSLEX is currently trading at $54 per share. Investors who bought $1,000 worth of FSLEX shares 5 years ago would now be looking at an investment worth $1,864.


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S&P 500 Index

Returns By Period

Fidelity Environment and Alternative Energy Fund (FSLEX) has returned 15.85% so far this year and 33.92% over the past 12 months. Over the last decade, FSLEX has posted an annualized return of 14.27%, slightly higher than the S&P 500 Index benchmark’s 13.88%.


Fidelity Environment and Alternative Energy Fund

1D
1.52%
1M
2.14%
YTD
15.85%
6M
13.46%
1Y
33.92%
3Y*
21.55%
5Y*
13.26%
10Y*
14.27%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSLEX Monthly Returns History

Based on dividend-adjusted daily data since Jun 29, 1989, FSLEX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.

Historically, 60% of months were positive and 40% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.34%3.71%-7.15%12.84%3.00%0.17%15.85%
20253.22%-6.34%-5.49%1.31%10.96%5.58%2.53%1.87%5.67%1.97%-1.33%-0.04%20.38%
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%0.34%30.30%

Benchmark Metrics

Fidelity Environment and Alternative Energy Fund has an annualized alpha of -0.75%, beta of 0.90, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since June 29, 1989.

  • This fund participated in 108.19% of S&P 500 Index downside but only 98.28% 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.

Alpha
-0.75%
Beta
0.90
0.70
Upside Capture
98.28%
Downside Capture
108.19%

Expense Ratio

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


Return for Risk

Risk / Return Rank

FSLEX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


FSLEX Risk / Return Rank: 5454
Overall Rank
FSLEX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
FSLEX Sortino Ratio Rank: 4444
Sortino Ratio Rank
FSLEX Omega Ratio Rank: 4545
Omega Ratio Rank
FSLEX Calmar Ratio Rank: 6464
Calmar Ratio Rank
FSLEX Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) 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.


FSLEXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.07

Sortino ratioReturn per unit of downside risk

-0.16

Omega ratioGain probability vs. loss probability

1.33

1.37

-0.03

Calmar ratioReturn relative to maximum drawdown

2.95

2.78

+0.16

Martin ratioReturn relative to average drawdown

11.55

12.44

-0.89

Dividends

Dividend History

Fidelity Environment and Alternative Energy Fund provided a 1.56% dividend yield over the last twelve months, with an annual payout of $0.84 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%2.00%4.00%6.00%8.00%$0.00$0.50$1.00$1.50$2.00$2.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.84$0.18$0.16$0.13$0.18$2.76$1.90$0.58$1.38$1.64$0.29$0.57

Dividend yield

1.56%0.37%0.41%0.39%0.69%7.74%6.41%2.17%6.39%6.19%1.29%3.01%

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
2026$0.00$0.00$0.00$0.67$0.00$0.00$0.67
2025$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
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$2.74$2.76

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 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 1.28%.


Related event

Drawdown

Fall

Recovery

Underwater

Dot-com crash2000–2002
-50.21%Jul 2002
4y 3mo3y 7mo
7y 11moApr 1998 - Mar 2006
Financial crisis2007–2009
-49.50%Mar 2009
1y 2mo1y 11mo
3y 1moDec 2007 - Feb 2011
COVID crash2020
-39.77%Mar 2020
2mo 2d5mo 8d
7mo 10dJan 2020 - Aug 2020
Bear market2022
-32.67%Oct 2022
10mo 26d1y 7mo
2y 6moNov 2021 - May 2024
2011 bear market2011
-31.36%Oct 2011
5mo 4d1y 7mo
2y 19dMay 2011 - May 2013

Drawdown Indicators


FSLEXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-50.21%

-56.78%

+6.57%

Max Drawdown (1Y)

Largest decline over 1 year

-11.41%

-9.10%

-2.31%

Max Drawdown (3Y)

Largest decline over 3 years

-24.04%

-18.90%

-5.14%

Max Drawdown (5Y)

Largest decline over 5 years

-32.67%

-25.43%

-7.24%

Max Drawdown (10Y)

Largest decline over 10 years

-39.77%

-33.92%

-5.85%

Current Drawdown

Current decline from peak

-1.28%

-1.80%

+0.52%

Average Drawdown

Average peak-to-trough decline

-13.91%

-10.71%

-3.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.03%

+0.88%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with FSLEX

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