FSLEX vs. GCEBX
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. GCEBX is managed by Goldman Sachs. It was launched on Jun 26, 2020.
Performance
FSLEX vs. GCEBX - Performance Comparison
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FSLEX vs. GCEBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | -3.79% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 44.13% |
GCEBX Goldman Sachs Clean Energy Income Fund Class A Shares | 12.06% | 39.79% | -14.20% | -14.97% | -11.37% | -2.89% | 46.85% |
Returns By Period
In the year-to-date period, FSLEX achieves a -3.79% return, which is significantly lower than GCEBX's 12.06% 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%
GCEBX
- 1D
- 0.72%
- 1M
- -2.26%
- YTD
- 12.06%
- 6M
- 22.53%
- 1Y
- 50.01%
- 3Y*
- 4.91%
- 5Y*
- 0.62%
- 10Y*
- —
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FSLEX vs. GCEBX - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is lower than GCEBX's 1.26% expense ratio.
Return for Risk
FSLEX vs. GCEBX — Risk / Return Rank
FSLEX
GCEBX
FSLEX vs. GCEBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX). 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 | GCEBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 2.82 | -1.60 |
Sortino ratioReturn per unit of downside risk | 1.82 | 3.44 | -1.62 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 5.82 | -4.06 |
Martin ratioReturn relative to average drawdown | 7.52 | 19.80 | -12.28 |
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 | GCEBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.82 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.03 | +0.42 |
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 | 0.35 | -0.02 |
Correlation
The correlation between FSLEX and GCEBX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSLEX vs. GCEBX - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.38%, less than GCEBX's 1.26% 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% |
GCEBX Goldman Sachs Clean Energy Income Fund Class A Shares | 1.26% | 1.41% | 2.61% | 2.98% | 0.56% | 6.08% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSLEX vs. GCEBX - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, which is greater than GCEBX's maximum drawdown of -45.74%. Use the drawdown chart below to compare losses from any high point for FSLEX and GCEBX.
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Drawdown Indicators
| FSLEX | GCEBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.21% | -45.74% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -8.75% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | -41.51% | +8.84% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | — | — |
Current DrawdownCurrent decline from peak | -11.41% | -11.13% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -23.29% | +9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.57% | +0.65% |
Volatility
FSLEX vs. GCEBX - Volatility Comparison
The current volatility for Fidelity Environment and Alternative Energy Fund (FSLEX) is 6.22%, while Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX) has a volatility of 7.17%. This indicates that FSLEX experiences smaller price fluctuations and is considered to be less risky than GCEBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLEX | GCEBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 7.17% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 12.48% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 17.55% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 19.12% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 19.23% | +2.16% |