FLOWX vs. SBMBX
FLOWX (Fidelity Water Sustainability Fund) and SBMBX (Saratoga Energy & Basic Materials Fund) are both Energy Equities funds. Over the past 5 years, FLOWX returned 6.61%/yr vs 4.96%/yr for SBMBX. A 0.51 correlation means they provide meaningful diversification when combined. FLOWX charges 1.00%/yr vs 3.30%/yr for SBMBX.
Performance
FLOWX vs. SBMBX - Performance Comparison
Loading charts...
Returns By Period
FLOWX
- 1D
- -4.28%
- 1M
- -1.64%
- 6M
- -4.28%
- YTD
- -1.28%
- 1Y
- 2.92%
- 3Y*
- 10.19%
- 5Y*
- 6.61%
- 10Y*
- —
SBMBX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.95%
- 3Y*
- 1.83%
- 5Y*
- 4.96%
- 10Y*
- 2.18%
FLOWX vs. SBMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLOWX Fidelity Water Sustainability Fund | -1.28% | 18.02% | 8.78% | 18.58% | -19.94% | 28.52% | 35.89% |
SBMBX Saratoga Energy & Basic Materials Fund | 0.00% | 5.05% | -7.25% | 6.28% | 19.60% | 25.58% | 34.17% |
Correlation
The correlation between FLOWX and SBMBX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020 | 0.51 |
Over the past year, the correlation between FLOWX and SBMBX has dropped to 0.20 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLOWX vs. SBMBX — Risk / Return Rank
FLOWX
SBMBX
FLOWX vs. SBMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Water Sustainability Fund (FLOWX) and Saratoga Energy & Basic Materials Fund (SBMBX). 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.
| FLOWX | SBMBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.12 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.41 | 0.23 | +0.18 |
Loading charts...
Drawdowns
FLOWX vs. SBMBX - Drawdown Comparison
The maximum FLOWX drawdown since its inception was -30.63%, smaller than the maximum SBMBX drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for FLOWX and SBMBX.
Loading charts...
Drawdown Indicators
| FLOWX | SBMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -74.35% | +43.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -5.66% | -7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -25.34% | +9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.63% | -26.66% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.48% | — |
Current DrawdownCurrent decline from peak | -11.55% | -31.22% | +19.67% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -28.69% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 2.82% | +2.46% |
Volatility
FLOWX vs. SBMBX - Volatility Comparison
Fidelity Water Sustainability Fund (FLOWX) has a higher volatility of 6.69% compared to Saratoga Energy & Basic Materials Fund (SBMBX) at 0.00%. This indicates that FLOWX's price experiences larger fluctuations and is considered to be riskier than SBMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLOWX | SBMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 0.00% | +6.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 2.01% | +10.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 9.77% | +5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 20.52% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 23.93% | -5.72% |
FLOWX vs. SBMBX - Expense Ratio Comparison
FLOWX has a 1.00% expense ratio, which is lower than SBMBX's 3.30% expense ratio.
Dividends
FLOWX vs. SBMBX - Dividend Comparison
FLOWX's dividend yield for the trailing twelve months is around 1.23%, less than SBMBX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLOWX Fidelity Water Sustainability Fund | 1.23% | 2.93% | 2.51% | 0.42% | 0.08% | 1.41% | 1.49% |
SBMBX Saratoga Energy & Basic Materials Fund | 2.13% | 2.13% | 2.17% | 0.00% | 2.75% | 0.75% | 1.32% |
Frequently Asked Questions
FLOWX and SBMBX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOWX has higher volatility (6.69%) compared to SBMBX (0.00%). In terms of maximum drawdown, FLOWX dropped -30.63% vs SBMBX's -74.35%.
FLOWX currently has the higher Sharpe Ratio (0.14 vs 0.07), 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.
Find the right allocation for FLOWX and SBMBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer