FSLEX vs. CHPY

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY).

FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. CHPY is an actively managed fund by YieldMax. It was launched on Apr 2, 2025.

Performance

FSLEX vs. CHPY - Performance Comparison

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

FSLEX vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
FSLEX Fidelity Environment and Alternative Energy Fund	-3.79%	35.62%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	10.53%	62.91%

Returns By Period

In the year-to-date period, FSLEX achieves a -3.79% return, which is significantly lower than CHPY's 10.53% return.

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%

CHPY

• 1D: 6.28%
• 1M: -3.46%
• YTD: 10.53%
• 6M: 22.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSLEX vs. CHPY - Expense Ratio Comparison

FSLEX has a 0.79% expense ratio, which is lower than CHPY's 0.99% expense ratio.

CHPY

YieldMax Semiconductor Portfolio Option Income ETF

FSLEX

Fidelity Environment and Alternative Energy Fund

Return for Risk

FSLEX vs. CHPY — Risk / Return Rank

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

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.

FSLEX vs. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). 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.

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

Sharpe Ratios by Period

	FSLEX	CHPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	—	—
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	0.32	2.50	-2.18

Correlation

The correlation between FSLEX and CHPY is 0.75, 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

FSLEX vs. CHPY - Dividend Comparison

FSLEX's dividend yield for the trailing twelve months is around 0.38%, less than CHPY's 38.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	38.69%	28.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FSLEX vs. CHPY - Drawdown Comparison

The maximum FSLEX drawdown since its inception was -50.21%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for FSLEX and CHPY.

Drawdown Indicators

	FSLEX	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-50.21%	-12.17%	-38.04%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	—	—
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	-11.41%	-6.65%	-4.76%
Average Drawdown Average peak-to-trough decline	-13.99%	-2.15%	-11.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	FSLEX	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.17%	32.75%	-10.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	32.75%	-12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	32.75%	-11.36%