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FSLEX vs. IVV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FSLEX vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Environment and Alternative Energy Fund (FSLEX) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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FSLEX vs. IVV - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSLEX
FSLEX Risk / Return Rank: 8181
Overall Rank
FSLEX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FSLEX Sortino Ratio Rank: 7979
Sortino Ratio Rank
FSLEX Omega Ratio Rank: 7474
Omega Ratio Rank
FSLEX Calmar Ratio Rank: 8787
Calmar Ratio Rank
FSLEX Martin Ratio Rank: 8888
Martin Ratio Rank

IVV
IVV Risk / Return Rank: 6060
Overall Rank
IVV Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 5757
Sortino Ratio Rank
IVV Omega Ratio Rank: 6161
Omega Ratio Rank
IVV Calmar Ratio Rank: 5858
Calmar Ratio Rank
IVV Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


FSLEXIVVDifference

Sharpe ratio

Return per unit of total volatility

1.40

1.00

+0.40

Sortino ratio

Return per unit of downside risk

2.05

1.52

+0.53

Omega ratio

Gain probability vs. loss probability

1.29

1.23

+0.05

Calmar ratio

Return relative to maximum drawdown

2.27

1.54

+0.73

Martin ratio

Return relative to average drawdown

9.59

7.28

+2.30

FSLEX vs. IVV - Sharpe Ratio Comparison

The current FSLEX Sharpe Ratio is 1.40, which is higher than the IVV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FSLEX and IVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FSLEXIVVDifference

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.


TTM20252024202320222021202020192018201720162015
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


FSLEXIVVDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-8.38%

-5.57%

-2.81%

Average Drawdown

Average peak-to-trough decline

-13.99%

-10.84%

-3.15%

Ulcer Index

Depth 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


FSLEXIVVDifference

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%