DSI vs. FSLEX
DSI (iShares MSCI KLD 400 Social ETF) and FSLEX (Fidelity Environment and Alternative Energy Fund) are both funds - DSI is a Large Cap Growth Equities fund tracking the MSCI KLD 400 Social Index, while FSLEX is a Alternative Energy Equities fund managed by Fidelity. Over the past 10 years, DSI returned 15.68%/yr vs 14.27%/yr for FSLEX. Their correlation of 0.85 suggests significant overlap in exposure. DSI charges 0.25%/yr vs 0.79%/yr for FSLEX.
Performance
DSI vs. FSLEX - Performance Comparison
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Returns By Period
In the year-to-date period, DSI achieves a 10.16% return, which is significantly lower than FSLEX's 15.85% return. Over the past 10 years, DSI has outperformed FSLEX with an annualized return of 15.68%, while FSLEX has yielded a comparatively lower 14.27% annualized return.
DSI
- 1D
- -0.37%
- 1M
- 0.21%
- YTD
- 10.16%
- 6M
- 9.45%
- 1Y
- 28.02%
- 3Y*
- 20.99%
- 5Y*
- 12.85%
- 10Y*
- 15.68%
FSLEX
- 1D
- 1.52%
- 1M
- 2.14%
- YTD
- 15.85%
- 6M
- 13.46%
- 1Y
- 33.92%
- 3Y*
- 21.55%
- 5Y*
- 13.26%
- 10Y*
- 14.27%
DSI vs. FSLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSI iShares MSCI KLD 400 Social ETF | 10.16% | 18.03% | 22.38% | 28.51% | -21.71% | 31.32% | 20.94% | 31.15% | -3.90% | 20.89% |
FSLEX Fidelity Environment and Alternative Energy Fund | 15.85% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
Correlation
The correlation between DSI and FSLEX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.85 |
The correlation between DSI and FSLEX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
DSI vs. FSLEX — Risk / Return Rank
DSI
FSLEX
DSI vs. FSLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI KLD 400 Social ETF (DSI) and Fidelity Environment and Alternative Energy Fund (FSLEX). 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.
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.
| DSI | FSLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.95 | -0.40 |
| Martin ratioReturn relative to average drawdown | 10.51 | 11.55 | -1.04 |
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Drawdowns
DSI vs. FSLEX - Drawdown Comparison
The maximum DSI drawdown since its inception was -54.23%, which is greater than FSLEX's maximum drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for DSI and FSLEX.
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Drawdown Indicators
| DSI | FSLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.23% | -50.21% | -4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -11.41% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.58% | -24.04% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -32.67% | +4.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | -39.77% | +5.67% |
Current DrawdownCurrent decline from peak | -2.01% | -1.28% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -13.91% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.91% | -0.24% |
Volatility
DSI vs. FSLEX - Volatility Comparison
The current volatility for iShares MSCI KLD 400 Social ETF (DSI) is 5.37%, while Fidelity Environment and Alternative Energy Fund (FSLEX) has a volatility of 6.94%. This indicates that DSI experiences smaller price fluctuations and is considered to be less risky than FSLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSI | FSLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 6.94% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 13.83% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 17.16% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 20.80% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 21.54% | -2.77% |
DSI vs. FSLEX - Expense Ratio Comparison
DSI has a 0.25% expense ratio, which is lower than FSLEX's 0.79% expense ratio.
Dividends
DSI vs. FSLEX - Dividend Comparison
DSI's dividend yield for the trailing twelve months is around 0.87%, less than FSLEX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSI iShares MSCI KLD 400 Social ETF | 0.87% | 0.92% | 1.03% | 1.19% | 1.39% | 0.99% | 1.22% | 1.40% | 1.63% | 1.28% | 1.51% | 1.46% |
FSLEX Fidelity Environment and Alternative Energy Fund | 1.56% | 0.37% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.19% | 1.29% | 3.01% |
Frequently Asked Questions
DSI and FSLEX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLEX has higher volatility (6.94%) compared to DSI (5.37%). In terms of maximum drawdown, DSI dropped -54.23% vs FSLEX's -50.21%.
DSI currently has the higher Sharpe Ratio (2.05 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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