FSCO vs. FSLEX
Compare and contrast key facts about FS Credit Opportunities Corp. (FSCO) and Fidelity Environment and Alternative Energy Fund (FSLEX).
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: FSCO or FSLEX.
Key characteristics
| FSCO | FSLEX | |
|---|---|---|
| YTD Return | 20.31% | 17.47% |
| 1Y Return | 36.73% | 26.95% |
| Sharpe Ratio | 2.06 | 1.61 |
| Daily Std Dev | 17.22% | 16.39% |
| Max Drawdown | -25.11% | -50.21% |
| Current Drawdown | -2.69% | 0.00% |
Correlation
The correlation between FSCO and FSLEX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FSCO vs. FSLEX - Performance Comparison
In the year-to-date period, FSCO achieves a 20.31% return, which is significantly higher than FSLEX's 17.47% 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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Risk-Adjusted Performance
FSCO vs. FSLEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) 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.
Dividends
FSCO vs. FSLEX - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 11.13%, more than FSLEX's 0.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 11.13% | 11.26% | 1.95% | 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 | 0.36% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.36% | 1.29% | 3.07% | 14.89% | 0.76% |
Drawdowns
FSCO vs. FSLEX - Drawdown Comparison
The maximum FSCO drawdown since its inception was -25.11%, smaller than the maximum FSLEX drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for FSCO and FSLEX. For additional features, visit the drawdowns tool.
Volatility
FSCO vs. FSLEX - Volatility Comparison
FS Credit Opportunities Corp. (FSCO) and Fidelity Environment and Alternative Energy Fund (FSLEX) have volatilities of 5.76% and 5.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.