Correlation
The correlation between FSLEX and FSCO is 0.29, 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.
FSLEX vs. FSCO
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and FS Credit Opportunities Corp. (FSCO).
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: FSLEX or FSCO.
Performance
FSLEX vs. FSCO - Performance Comparison
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Key characteristics
FSLEX:
0.47
FSCO:
1.17
FSLEX:
0.75
FSCO:
1.51
FSLEX:
1.10
FSCO:
1.24
FSLEX:
0.42
FSCO:
1.41
FSLEX:
1.43
FSCO:
7.50
FSLEX:
7.11%
FSCO:
3.35%
FSLEX:
24.42%
FSCO:
23.22%
FSLEX:
-50.16%
FSCO:
-25.11%
FSLEX:
-4.77%
FSCO:
-1.32%
Returns By Period
In the year-to-date period, FSLEX achieves a 1.32% return, which is significantly lower than FSCO's 8.14% return.
FSLEX
1.32%
10.40%
-2.05%
9.63%
14.22%
17.34%
10.61%
FSCO
8.14%
6.04%
13.77%
26.36%
N/A
N/A
N/A
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Risk-Adjusted Performance
FSLEX vs. FSCO — Risk-Adjusted Performance Rank
FSLEX
FSCO
FSLEX vs. FSCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and FS Credit Opportunities Corp. (FSCO). 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.
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Dividends
FSLEX vs. FSCO - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.38%, less than FSCO's 10.55% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.38% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.36% | 1.29% | 3.01% | 14.18% |
FSCO FS Credit Opportunities Corp. | 10.55% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSLEX vs. FSCO - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.16%, which is greater than FSCO's maximum drawdown of -25.11%. Use the drawdown chart below to compare losses from any high point for FSLEX and FSCO.
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Volatility
FSLEX vs. FSCO - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) and FS Credit Opportunities Corp. (FSCO) have volatilities of 5.09% and 5.32%, 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.
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