ACES vs. FITLX
Compare and contrast key facts about ALPS Clean Energy ETF (ACES) and Fidelity US Sustainability Index Fund (FITLX).
ACES is a passively managed fund by SS&C that tracks the performance of the CIBC Atlas Clean Energy Index. It was launched on Jun 29, 2018. FITLX is managed by Fidelity. It was launched on May 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACES or FITLX.
Key characteristics
| ACES | FITLX | |
|---|---|---|
| YTD Return | -19.31% | 20.47% |
| 1Y Return | -9.30% | 32.95% |
| 3Y Return (Ann) | -28.28% | 7.60% |
| 5Y Return (Ann) | -0.81% | 15.44% |
| Sharpe Ratio | -0.19 | 2.58 |
| Sortino Ratio | -0.03 | 3.41 |
| Omega Ratio | 1.00 | 1.48 |
| Calmar Ratio | -0.10 | 3.62 |
| Martin Ratio | -0.38 | 15.42 |
| Ulcer Index | 18.77% | 2.24% |
| Daily Std Dev | 36.44% | 13.34% |
| Max Drawdown | -73.33% | -34.35% |
| Current Drawdown | -70.28% | -2.40% |
Correlation
The correlation between ACES and FITLX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ACES vs. FITLX - Performance Comparison
In the year-to-date period, ACES achieves a -19.31% return, which is significantly lower than FITLX's 20.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACES vs. FITLX - Expense Ratio Comparison
ACES has a 0.55% expense ratio, which is higher than FITLX's 0.11% expense ratio.
Risk-Adjusted Performance
ACES vs. FITLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Clean Energy ETF (ACES) and Fidelity US Sustainability Index Fund (FITLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ACES vs. FITLX - Dividend Comparison
ACES's dividend yield for the trailing twelve months is around 1.23%, more than FITLX's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ACES ALPS Clean Energy ETF | 1.23% | 1.44% | 1.08% | 0.71% | 0.56% | 1.30% | 0.34% | 0.00% |
FITLX Fidelity US Sustainability Index Fund | 0.93% | 1.12% | 1.49% | 0.99% | 1.01% | 1.41% | 1.58% | 0.76% |
Drawdowns
ACES vs. FITLX - Drawdown Comparison
The maximum ACES drawdown since its inception was -73.33%, which is greater than FITLX's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for ACES and FITLX. For additional features, visit the drawdowns tool.
Volatility
ACES vs. FITLX - Volatility Comparison
ALPS Clean Energy ETF (ACES) has a higher volatility of 7.84% compared to Fidelity US Sustainability Index Fund (FITLX) at 3.31%. This indicates that ACES's price experiences larger fluctuations and is considered to be riskier than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.