FSLEX vs. DSI
FSLEX (Fidelity Environment and Alternative Energy Fund) and DSI (iShares ESG MSCI KLD 400 ETF) are both funds - FSLEX is a Alternative Energy Equities fund managed by Fidelity, while DSI is a Large Cap Blend Equities fund tracking the MSCI KLD 400 Social Index. Over the past 10 years, FSLEX returned 13.39%/yr vs 14.94%/yr for DSI. Their correlation of 0.85 means they have usually moved in the same direction. FSLEX charges 0.69%/yr vs 0.25%/yr for DSI.
Performance
FSLEX vs. DSI - Performance Comparison
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Returns By Period
In the year-to-date period, FSLEX achieves a 9.20% return, which is significantly lower than DSI's 10.30% return. Over the past 10 years, FSLEX has underperformed DSI with an annualized return of 13.39%, while DSI has yielded a comparatively higher 14.94% annualized return.
FSLEX
- 1D
- 3.69%
- 1M
- -4.09%
- 6M
- 5.67%
- YTD
- 9.20%
- 1Y
- 19.81%
- 3Y*
- 18.13%
- 5Y*
- 10.27%
- 10Y*
- 13.39%
- ALL TIME*
- 6.47%
DSI
- 1D
- 1.31%
- 1M
- 0.04%
- 6M
- 8.61%
- YTD
- 10.30%
- 1Y
- 20.92%
- 3Y*
- 18.87%
- 5Y*
- 11.98%
- 10Y*
- 14.94%
- ALL TIME*
- 10.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.49M | $14.13M | $16.23M | |
| $0.00 | $0.00 | $0.00 |
FSLEX vs. DSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 9.20% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
DSI iShares ESG MSCI KLD 400 ETF | 10.30% | 18.03% | 22.38% | 28.51% | -21.71% | 31.32% | 20.94% | 31.15% | -3.90% | 20.89% |
Correlation
The correlation between FSLEX and DSI is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.85 |
The correlation between FSLEX and DSI has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
FSLEX vs. DSI — Risk / Return Rank
FSLEX
DSI
FSLEX vs. DSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and iShares ESG MSCI KLD 400 ETF (DSI). 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.
| FSLEX | DSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.74 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.39 | 6.77 | -1.38 |
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Drawdowns
FSLEX vs. DSI - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, smaller than the maximum DSI drawdown of -54.23%. Use the drawdown chart below to compare losses from any high point for FSLEX and DSI.
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Drawdown Indicators
| FSLEX | DSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.21% | -54.23% | +4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -11.05% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.04% | -20.58% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | -28.36% | -4.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | -34.10% | -5.67% |
Current DrawdownCurrent decline from peak | -6.94% | -1.88% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -7.48% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.84% | +0.44% |
Volatility
FSLEX vs. DSI - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 6.55% compared to iShares ESG MSCI KLD 400 ETF (DSI) at 4.59%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than DSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLEX | DSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 4.59% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 11.63% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.51% | 14.42% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.03% | 18.11% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 18.74% | +2.77% |
FSLEX vs. DSI - Expense Ratio Comparison
FSLEX has a 0.69% expense ratio, which is higher than DSI's 0.25% expense ratio.
Dividends
FSLEX vs. DSI - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 1.66%, more than DSI's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSI iShares ESG MSCI KLD 400 ETF | 0.87% | 0.92% | 1.03% | 1.19% | 1.39% | 0.99% | 1.22% | 1.40% | 1.63% | 1.28% | 1.51% | 1.46% |
FSLEX Fidelity Environment and Alternative Energy Fund | 1.66% | 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
FSLEX and DSI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLEX has higher volatility (6.55%) compared to DSI (4.59%). In terms of maximum drawdown, FSLEX dropped -50.21% vs DSI's -54.23%.
DSI currently has the higher Sharpe Ratio (1.34 vs 0.96), 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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