FSLEX vs. IVV
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and iShares Core S&P 500 ETF (IVV).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
FSLEX vs. IVV - Performance Comparison
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FSLEX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | -0.49% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
IVV iShares Core S&P 500 ETF | -3.67% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, FSLEX achieves a -0.49% return, which is significantly higher than IVV's -3.67% return. Over the past 10 years, FSLEX has underperformed IVV with an annualized return of 12.98%, while IVV has yielded a comparatively higher 14.11% annualized return.
FSLEX
- 1D
- 3.43%
- 1M
- -7.13%
- YTD
- -0.49%
- 6M
- -0.80%
- 1Y
- 29.66%
- 3Y*
- 18.32%
- 5Y*
- 9.84%
- 10Y*
- 12.98%
IVV
- 1D
- 0.74%
- 1M
- -4.30%
- YTD
- -3.67%
- 6M
- -1.44%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.92%
- 10Y*
- 14.11%
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FSLEX vs. IVV - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
FSLEX vs. IVV — Risk / Return Rank
FSLEX
IVV
FSLEX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.00 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.52 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.54 | +0.73 |
Martin ratioReturn relative to average drawdown | 9.59 | 7.28 | +2.30 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.00 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.71 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.78 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.42 | -0.10 |
Correlation
The correlation between FSLEX and IVV is 0.84, 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. IVV - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.37%, less than IVV's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.37% | 0.37% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.19% | 1.29% | 3.01% |
IVV iShares Core S&P 500 ETF | 1.22% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
FSLEX vs. IVV - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FSLEX and IVV.
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Drawdown Indicators
| FSLEX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.21% | -55.25% | +5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -12.06% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | -24.53% | -8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | -33.90% | -5.87% |
Current DrawdownCurrent decline from peak | -8.38% | -5.57% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -10.84% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.55% | +0.71% |
Volatility
FSLEX vs. IVV - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 7.33% compared to iShares Core S&P 500 ETF (IVV) at 5.34%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLEX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 5.34% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 9.47% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.37% | 18.31% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.62% | 16.89% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 18.03% | +3.39% |