APWEX vs. FLOWX

Last updated Apr 2, 2026

Compare and contrast key facts about Cavanal Hill World Energy Fund (APWEX) and Fidelity Water Sustainability Fund (FLOWX).

APWEX is managed by Cavanal Hill funds. It was launched on Feb 3, 2014. FLOWX is managed by Fidelity. It was launched on Apr 21, 2020.

Performance

APWEX vs. FLOWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cavanal Hill World Energy Fund (APWEX) and Fidelity Water Sustainability Fund (FLOWX). The values are adjusted to include any dividend payments, if applicable.

APWEX vs. FLOWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
APWEX Cavanal Hill World Energy Fund	28.59%	21.38%	13.22%	4.57%	32.44%	36.63%	51.52%
FLOWX Fidelity Water Sustainability Fund	1.85%	18.02%	8.78%	18.58%	-19.94%	28.52%	35.89%

Returns By Period

In the year-to-date period, APWEX achieves a 28.59% return, which is significantly higher than FLOWX's 1.85% return.

APWEX

• 1D: 0.58%
• 1M: 1.81%
• YTD: 28.59%
• 6M: 25.56%
• 1Y: 55.20%
• 3Y*: 24.08%
• 5Y*: 21.77%
• 10Y*: 12.53%

FLOWX

• 1D: 2.22%
• 1M: -7.81%
• YTD: 1.85%
• 6M: 3.08%
• 1Y: 19.64%
• 3Y*: 13.71%
• 5Y*: 8.66%
• 10Y*: —

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

APWEX vs. FLOWX - Expense Ratio Comparison

APWEX has a 1.15% expense ratio, which is higher than FLOWX's 1.00% expense ratio.

APWEX

Cavanal Hill World Energy Fund

FLOWX

Fidelity Water Sustainability Fund

Return for Risk

APWEX vs. FLOWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APWEX

APWEX Risk / Return Rank: 95
APWEX Sharpe Ratio Rank: 96
APWEX Sortino Ratio Rank: 93
APWEX Omega Ratio Rank: 93
APWEX Calmar Ratio Rank: 96
APWEX Martin Ratio Rank: 97

FLOWX

FLOWX Risk / Return Rank: 68
FLOWX Sharpe Ratio Rank: 69
FLOWX Sortino Ratio Rank: 72
FLOWX Omega Ratio Rank: 61
FLOWX Calmar Ratio Rank: 73
FLOWX Martin Ratio Rank: 67

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.

APWEX vs. FLOWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill World Energy Fund (APWEX) and Fidelity Water Sustainability Fund (FLOWX). 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.

	APWEX	FLOWX	Difference
Sharpe ratio Return per unit of total volatility	2.51	1.27	+1.24
Sortino ratio Return per unit of downside risk	2.97	1.86	+1.11
Omega ratio Gain probability vs. loss probability	1.47	1.25	+0.22
Calmar ratio Return relative to maximum drawdown	3.66	1.80	+1.86
Martin ratio Return relative to average drawdown	16.57	6.69	+9.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APWEX vs. FLOWX - Sharpe Ratio Comparison

The current APWEX Sharpe Ratio is 2.51, which is higher than the FLOWX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of APWEX and FLOWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APWEX	FLOWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	1.27	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.49	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.77	-0.43

Correlation

The correlation between APWEX and FLOWX is 0.48, 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.

Dividends

APWEX vs. FLOWX - Dividend Comparison

APWEX's dividend yield for the trailing twelve months is around 0.31%, less than FLOWX's 2.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APWEX Cavanal Hill World Energy Fund	0.31%	0.47%	1.80%	1.54%	1.95%	1.44%	1.54%	2.57%	1.26%	0.43%	0.97%	0.67%
FLOWX Fidelity Water Sustainability Fund	2.88%	2.93%	2.51%	0.42%	0.08%	1.41%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

APWEX vs. FLOWX - Drawdown Comparison

The maximum APWEX drawdown since its inception was -61.57%, which is greater than FLOWX's maximum drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for APWEX and FLOWX.

Drawdown Indicators

	APWEX	FLOWX	Difference
Max Drawdown Largest peak-to-trough decline	-61.57%	-30.63%	-30.94%
Max Drawdown (1Y) Largest decline over 1 year	-15.41%	-11.27%	-4.14%
Max Drawdown (5Y) Largest decline over 5 years	-25.75%	-30.63%	+4.88%
Max Drawdown (10Y) Largest decline over 10 years	-57.43%	—	—
Current Drawdown Current decline from peak	-1.45%	-8.74%	+7.29%
Average Drawdown Average peak-to-trough decline	-17.27%	-7.36%	-9.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	3.03%	+0.37%

Volatility

APWEX vs. FLOWX - Volatility Comparison

The current volatility for Cavanal Hill World Energy Fund (APWEX) is 5.41%, while Fidelity Water Sustainability Fund (FLOWX) has a volatility of 5.86%. This indicates that APWEX experiences smaller price fluctuations and is considered to be less risky than FLOWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APWEX	FLOWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	5.86%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	9.69%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	16.15%	+6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	17.76%	+8.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.83%	18.16%	+7.67%