FBOT vs. FSLEX

Last updated Apr 1, 2026

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.

Performance

FBOT vs. FSLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Automation ETF (FBOT) and Fidelity Environment and Alternative Energy Fund (FSLEX). The values are adjusted to include any dividend payments, if applicable.

FBOT vs. FSLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FBOT Fidelity Disruptive Automation ETF	-0.60%	19.15%	12.58%	-1.03%
FSLEX Fidelity Environment and Alternative Energy Fund	-3.79%	20.38%	20.01%	10.01%

Returns By Period

In the year-to-date period, FBOT achieves a -0.60% return, which is significantly higher than FSLEX's -3.79% return.

FBOT

• 1D: 4.44%
• 1M: -10.42%
• YTD: -0.60%
• 6M: 1.47%
• 1Y: 28.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSLEX

• 1D: -1.41%
• 1M: -10.23%
• YTD: -3.79%
• 6M: -3.23%
• 1Y: 26.76%
• 3Y*: 17.00%
• 5Y*: 9.21%
• 10Y*: 12.60%

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

FBOT vs. FSLEX - Expense Ratio Comparison

FBOT has a 0.50% expense ratio, which is lower than FSLEX's 0.79% expense ratio.

FSLEX

Fidelity Environment and Alternative Energy Fund

FBOT

Fidelity Disruptive Automation ETF

Return for Risk

FBOT vs. FSLEX — Risk / Return Rank

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

FBOT

FBOT Risk / Return Rank: 70
FBOT Sharpe Ratio Rank: 70
FBOT Sortino Ratio Rank: 72
FBOT Omega Ratio Rank: 67
FBOT Calmar Ratio Rank: 72
FBOT Martin Ratio Rank: 69

FSLEX

FSLEX Risk / Return Rank: 74
FSLEX Sharpe Ratio Rank: 71
FSLEX Sortino Ratio Rank: 74
FSLEX Omega Ratio Rank: 69
FSLEX Calmar Ratio Rank: 76
FSLEX Martin Ratio Rank: 78

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.

FBOT vs. FSLEX - Risk-Adjusted Trends 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.

	FBOT	FSLEX	Difference
Sharpe ratio Return per unit of total volatility	1.20	1.22	-0.02
Sortino ratio Return per unit of downside risk	1.77	1.82	-0.05
Omega ratio Gain probability vs. loss probability	1.24	1.25	-0.02
Calmar ratio Return relative to maximum drawdown	1.77	1.76	+0.02
Martin ratio Return relative to average drawdown	6.72	7.52	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBOT vs. FSLEX - Sharpe Ratio Comparison

The current FBOT Sharpe Ratio is 1.20, which is comparable to the FSLEX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of FBOT and FSLEX, 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

	FBOT	FSLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	1.22	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.32	+0.18

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.

Dividends

FBOT vs. FSLEX - Dividend Comparison

FBOT's dividend yield for the trailing twelve months is around 0.71%, more than FSLEX's 0.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBOT Fidelity Disruptive Automation ETF	0.71%	0.81%	0.31%	0.20%	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%	0.37%	0.41%	0.39%	0.69%	7.74%	6.41%	2.17%	6.39%	6.19%	1.29%	3.01%

Drawdowns

FBOT vs. FSLEX - Drawdown Comparison

The maximum FBOT drawdown since its inception was -23.61%, 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.

Drawdown Indicators

	FBOT	FSLEX	Difference
Max Drawdown Largest peak-to-trough decline	-23.61%	-50.21%	+26.60%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-13.76%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.77%	—
Current Drawdown Current decline from peak	-11.40%	-11.41%	+0.01%
Average Drawdown Average peak-to-trough decline	-5.32%	-13.99%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	3.22%	+0.79%

Volatility

FBOT vs. FSLEX - Volatility Comparison

Fidelity Disruptive Automation ETF (FBOT) has a higher volatility of 9.11% compared to Fidelity Environment and Alternative Energy Fund (FSLEX) at 6.22%. 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.

Volatility by Period

	FBOT	FSLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	6.22%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	15.77%	12.26%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	23.78%	22.17%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	20.57%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	21.39%	-0.60%