FBOT vs. FSLEX
Compare and contrast key facts about Fidelity Disruptive Automation ETF (FBOT) and Fidelity Environment and Alternative Energy Fund (FSLEX).
FBOT is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. FSLEX is managed by Fidelity. It was launched on Jun 29, 1989.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBOT or FSLEX.
Key characteristics
| FBOT | FSLEX | |
|---|---|---|
| YTD Return | 5.87% | 9.56% |
| Daily Std Dev | 16.98% | 14.23% |
| Max Drawdown | -21.56% | -50.21% |
| Current Drawdown | -1.35% | -0.04% |
Correlation
The correlation between FBOT and FSLEX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBOT vs. FSLEX - Performance Comparison
In the year-to-date period, FBOT achieves a 5.87% return, which is significantly lower than FSLEX's 9.56% 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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FBOT vs. FSLEX - Expense Ratio Comparison
FBOT has a 0.50% expense ratio, which is lower than FSLEX's 0.79% expense ratio.
Risk-Adjusted Performance
FBOT vs. FSLEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Automation ETF (FBOT) 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.
Not enough dataDividends
FBOT vs. FSLEX - Dividend Comparison
FBOT's dividend yield for the trailing twelve months is around 0.29%, less than FSLEX's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBOT Fidelity Disruptive Automation ETF | 0.29% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSLEX Fidelity Environment and Alternative Energy Fund | 0.38% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.36% | 1.29% | 3.07% | 14.89% | 0.76% |
Drawdowns
FBOT vs. FSLEX - Drawdown Comparison
The maximum FBOT drawdown since its inception was -21.56%, smaller than the maximum FSLEX drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for FBOT and FSLEX. For additional features, visit the drawdowns tool.
Volatility
FBOT vs. FSLEX - Volatility Comparison
Fidelity Disruptive Automation ETF (FBOT) has a higher volatility of 5.50% compared to Fidelity Environment and Alternative Energy Fund (FSLEX) at 4.17%. This indicates that FBOT's price experiences larger fluctuations and is considered to be riskier than FSLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.