FSLEX vs. FNILX
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. FNILX is managed by Fidelity.
Performance
FSLEX vs. FNILX - Performance Comparison
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FSLEX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | -3.79% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -12.98% |
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
In the year-to-date period, FSLEX achieves a -3.79% return, which is significantly higher than FNILX's -7.30% 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%
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
- —
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FSLEX vs. FNILX - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FSLEX vs. FNILX — Risk / Return Rank
FSLEX
FNILX
FSLEX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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 | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.83 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.28 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.04 | +0.72 |
Martin ratioReturn relative to average drawdown | 7.52 | 5.01 | +2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSLEX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.83 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.65 | -0.20 |
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 | 0.64 | -0.31 |
Correlation
The correlation between FSLEX and FNILX is 0.88, 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. FNILX - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.38%, less than FNILX's 1.09% 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% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSLEX vs. FNILX - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FSLEX and FNILX.
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Drawdown Indicators
| FSLEX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.21% | -33.76% | -16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -12.18% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | -25.40% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | — | — |
Current DrawdownCurrent decline from peak | -11.41% | -9.01% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -5.47% | -8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.54% | +0.68% |
Volatility
FSLEX vs. FNILX - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 6.22% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLEX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 4.23% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 9.14% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 18.26% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 17.22% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 20.17% | +1.22% |