FNSTX vs. FLIAX
FNSTX (Fidelity Infrastructure Fund) and FLIAX (First Sentier American Listed Infrastructure Fund) are both Infrastructure Equities funds. Over the past 5 years, FNSTX returned 9.84%/yr vs 6.55%/yr for FLIAX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FNSTX charges 1.00%/yr vs 0.75%/yr for FLIAX.
Performance
FNSTX vs. FLIAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNSTX achieves a 5.53% return, which is significantly lower than FLIAX's 17.06% return.
FNSTX
- 1D
- 2.14%
- 1M
- -3.30%
- 6M
- 2.35%
- YTD
- 5.53%
- 1Y
- 12.66%
- 3Y*
- 15.95%
- 5Y*
- 9.84%
- 10Y*
- —
- ALL TIME*
- 10.63%
FLIAX
- 1D
- -0.69%
- 1M
- -0.26%
- 6M
- 13.04%
- YTD
- 17.06%
- 1Y
- 8.36%
- 3Y*
- 10.28%
- 5Y*
- 6.55%
- 10Y*
- —
- ALL TIME*
- 8.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNSTX vs. FLIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FNSTX Fidelity Infrastructure Fund | 5.53% | 27.42% | 14.43% | 8.44% | -7.59% | 6.68% |
FLIAX First Sentier American Listed Infrastructure Fund | 17.06% | -0.20% | 12.21% | 0.59% | -5.85% | 24.12% |
Correlation
The correlation between FNSTX and FLIAX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021 | 0.68 |
Over the past year, the correlation between FNSTX and FLIAX has dropped to 0.24 - well below their long-term average of 0.68, 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
FNSTX vs. FLIAX — Risk / Return Rank
FNSTX
FLIAX
FNSTX vs. FLIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Infrastructure Fund (FNSTX) and First Sentier American Listed Infrastructure Fund (FLIAX). 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.
| FNSTX | FLIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.77 | +0.62 |
| Martin ratioReturn relative to average drawdown | 4.03 | 2.52 | +1.51 |
Loading charts...
Drawdowns
FNSTX vs. FLIAX - Drawdown Comparison
The maximum FNSTX drawdown since its inception was -35.82%, which is greater than FLIAX's maximum drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for FNSTX and FLIAX.
Loading charts...
Drawdown Indicators
| FNSTX | FLIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.82% | -23.23% | -12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -12.50% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -10.94% | -12.50% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -23.23% | +1.26% |
Current DrawdownCurrent decline from peak | -6.86% | -3.19% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -6.31% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.60% | -0.57% |
Volatility
FNSTX vs. FLIAX - Volatility Comparison
Fidelity Infrastructure Fund (FNSTX) has a higher volatility of 5.37% compared to First Sentier American Listed Infrastructure Fund (FLIAX) at 4.19%. This indicates that FNSTX's price experiences larger fluctuations and is considered to be riskier than FLIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNSTX | FLIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.19% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 10.32% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 15.99% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 16.14% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 15.78% | +2.98% |
FNSTX vs. FLIAX - Expense Ratio Comparison
FNSTX has a 1.00% expense ratio, which is higher than FLIAX's 0.75% expense ratio.
Dividends
FNSTX vs. FLIAX - Dividend Comparison
FNSTX's dividend yield for the trailing twelve months is around 3.79%, while FLIAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FLIAX First Sentier American Listed Infrastructure Fund | 0.00% | 0.00% | 6.21% | 2.90% | 19.90% | 5.77% | 0.00% | 0.00% |
FNSTX Fidelity Infrastructure Fund | 3.79% | 4.16% | 1.59% | 1.85% | 1.35% | 0.63% | 0.80% | 0.36% |
Frequently Asked Questions
FNSTX and FLIAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNSTX has higher volatility (5.37%) compared to FLIAX (4.19%). In terms of maximum drawdown, FNSTX dropped -35.82% vs FLIAX's -23.23%.
FNSTX currently has the higher Sharpe Ratio (0.73 vs 0.60), 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 FNSTX and FLIAX
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