FSCO vs. FSLEX
FSCO (FS Credit Opportunities Corp.) is a stock, while FSLEX (Fidelity Environment and Alternative Energy Fund) is Alternative Energy Equities fund managed by Fidelity. Over the past 3 years, FSCO returned 10.41%/yr vs 19.81%/yr for FSLEX. At a 0.28 correlation, their price movements are largely independent.
Performance
FSCO vs. FSLEX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCO achieves a -19.08% return, which is significantly lower than FSLEX's 13.64% return.
FSCO
- 1D
- -1.45%
- 1M
- 0.17%
- 6M
- -20.72%
- YTD
- -19.08%
- 1Y
- -24.85%
- 3Y*
- 10.41%
- 5Y*
- —
- 10Y*
- —
FSLEX
- 1D
- -1.36%
- 1M
- -0.69%
- 6M
- 10.46%
- YTD
- 13.64%
- 1Y
- 24.36%
- 3Y*
- 19.81%
- 5Y*
- 11.72%
- 10Y*
- 14.00%
FSCO vs. FSLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | -19.08% | 3.68% | 34.88% | 36.98% | -3.98% |
FSLEX Fidelity Environment and Alternative Energy Fund | 13.64% | 20.38% | 20.01% | 26.29% | -5.33% |
Correlation
The correlation between FSCO and FSLEX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.28 |
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Return for Risk
FSCO vs. FSLEX — Risk / Return Rank
FSCO
FSLEX
FSCO vs. FSLEX - Risk-Adjusted Trends 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.
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.
| FSCO | FSLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.24 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.15 | -2.85 |
| Martin ratioReturn relative to average drawdown | -1.29 | 8.25 | -9.54 |
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Drawdowns
FSCO vs. FSLEX - Drawdown Comparison
The maximum FSCO drawdown since its inception was -35.53%, 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.
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Drawdown Indicators
| FSCO | FSLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -50.21% | +14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -11.41% | -24.12% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -24.04% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.77% | — |
Current DrawdownCurrent decline from peak | -29.35% | -3.16% | -26.19% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -13.89% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.26% | 2.97% | +16.29% |
Volatility
FSCO vs. FSLEX - Volatility Comparison
The current volatility for FS Credit Opportunities Corp. (FSCO) is 5.20%, while Fidelity Environment and Alternative Energy Fund (FSLEX) has a volatility of 7.20%. This indicates that FSCO experiences smaller price fluctuations and is considered to be less risky than FSLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCO | FSLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 7.20% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 22.64% | 14.66% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 17.90% | +9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.03% | 20.94% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 21.47% | +6.56% |
Dividends
FSCO vs. FSLEX - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 16.29%, more than FSLEX's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.29% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSLEX Fidelity Environment and Alternative Energy Fund | 1.59% | 0.37% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.19% | 1.29% | 3.01% |
Frequently Asked Questions
FSCO and FSLEX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLEX has higher volatility (7.20%) compared to FSCO (5.20%). In terms of maximum drawdown, FSCO dropped -35.53% vs FSLEX's -50.21%.
FSLEX currently has the higher Sharpe Ratio (1.37 vs -0.90), 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.
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