Fidelity Environment and Alternative Energy Fund (FSLEX) belongs to the Alternative Energy Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FSLEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSLEX
FSLEX charges 0.69% annually. No mutual funds in the Alternative Energy Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.90%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Impax Global Environmental Markets Fund Institutio... | 0.90% | — | Mar 2008 | FSLEX vs PGINX | |
| Goldman Sachs Clean Energy Income Fund Class A Sha... | 1.26% | — | Jun 2020 | FSLEX vs GCEBX | |
| New Alternatives Fund Investor Class | 1.28% | — | Sep 1982 | FSLEX vs NAEFX | |
| Firsthand Alternative Energy Fund | 1.98% | — | Oct 2007 | FSLEX vs ALTEX | |
| Guinness Atkinson Alternative Energy Fund | 1.98% | — | Mar 2006 | FSLEX vs GAAEX |
Best Risk-Adjusted Alternatives to FSLEX
FSLEX has a PortfoliosLab risk / return rank of 33. There are 2 mutual funds in the Alternative Energy Equities category with higher risk-adjusted ranks, going as high as 60.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Clean Energy Income Fund Class A Sha... | 60 | — | Jun 2020 | FSLEX vs GCEBX | |
| New Alternatives Fund Investor Class | 48 | — | Sep 1982 | FSLEX vs NAEFX | |
| Impax Global Environmental Markets Fund Institutio... | 32 | — | Mar 2008 | FSLEX vs PGINX | |
| Guinness Atkinson Alternative Energy Fund | 23 | — | Mar 2006 | FSLEX vs GAAEX | |
| Firsthand Alternative Energy Fund | 13 | — | Oct 2007 | FSLEX vs ALTEX |
Top Performing FSLEX Alternatives (YTD)
FSLEX is at 9.20% YTD. There are 4 mutual funds in the Alternative Energy Equities category with higher YTD returns, going as high as 27.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Firsthand Alternative Energy Fund | 27.09% | — | Oct 2007 | FSLEX vs ALTEX | |
| Impax Global Environmental Markets Fund Institutio... | 15.27% | — | Mar 2008 | FSLEX vs PGINX | |
| New Alternatives Fund Investor Class | 13.25% | — | Sep 1982 | FSLEX vs NAEFX | |
| Goldman Sachs Clean Energy Income Fund Class A Sha... | 12.26% | — | Jun 2020 | FSLEX vs GCEBX | |
| Guinness Atkinson Alternative Energy Fund | 8.50% | — | Mar 2006 | FSLEX vs GAAEX |
Lowest Volatility Alternatives to FSLEX
FSLEX has 18.51% 1-year volatility. There are 3 mutual funds in the Alternative Energy Equities category with lower 1-year volatility, going as low as 15.49%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| New Alternatives Fund Investor Class | 15.49% | — | Sep 1982 | FSLEX vs NAEFX | |
| Impax Global Environmental Markets Fund Institutio... | 17.18% | — | Mar 2008 | FSLEX vs PGINX | |
| Goldman Sachs Clean Energy Income Fund Class A Sha... | 18.35% | — | Jun 2020 | FSLEX vs GCEBX | |
| Guinness Atkinson Alternative Energy Fund | 21.55% | — | Mar 2006 | FSLEX vs GAAEX | |
| Firsthand Alternative Energy Fund | 45.33% | — | Oct 2007 | FSLEX vs ALTEX |
Lowest Drawdown Alternatives to FSLEX
FSLEX has a 1-year max drawdown of -11.41%. There is 1 mutual fund in the Alternative Energy Equities category with a shallower 1-year drawdown, going as shallow as -7.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| New Alternatives Fund Investor Class | -7.54% | — | Sep 1982 | FSLEX vs NAEFX | |
| Impax Global Environmental Markets Fund Institutio... | -11.49% | — | Mar 2008 | FSLEX vs PGINX | |
| Guinness Atkinson Alternative Energy Fund | -14.57% | — | Mar 2006 | FSLEX vs GAAEX | |
| Goldman Sachs Clean Energy Income Fund Class A Sha... | -14.66% | — | Jun 2020 | FSLEX vs GCEBX | |
| Firsthand Alternative Energy Fund | -30.94% | — | Oct 2007 | FSLEX vs ALTEX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 64 | 9.35% | — | Feb 1988 | FSLEX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 48.22% | — | Jul 1985 | FSLEX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 9.94% | — | — | FSLEX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 9.87% | — | — | FSLEX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 11 | -0.52% | — | — | FSLEX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 40 | 10.15% | — | Dec 1987 | FSLEX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 28 | 5.62% | 176.32B | May 1967 | FSLEX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 59 | 9.06% | — | — | FSLEX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 70 | 12.57% | — | Nov 1997 | FSLEX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 73 | 12.99% | — | Jun 2016 | FSLEX vs FTIHX |
Often Compared With FSLEX
Investors most often compare FSLEX with SPY, SCHD, VOO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare FSLEX with Any Fund or Stock
Compare FSLEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSLEX with funds that move differently
Fidelity Environment and Alternative Energy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSLEX.
Explore FSLEX Diversifiers