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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLEX or IVV.
Key characteristics
| FSLEX | IVV | |
|---|---|---|
| YTD Return | 21.51% | 26.84% |
| 1Y Return | 36.39% | 37.57% |
| 3Y Return (Ann) | 3.97% | 10.21% |
| 5Y Return (Ann) | 13.38% | 15.93% |
| 10Y Return (Ann) | 11.51% | 13.40% |
| Sharpe Ratio | 2.24 | 3.06 |
| Sortino Ratio | 3.00 | 4.08 |
| Omega Ratio | 1.39 | 1.58 |
| Calmar Ratio | 1.94 | 4.45 |
| Martin Ratio | 14.28 | 20.15 |
| Ulcer Index | 2.54% | 1.86% |
| Daily Std Dev | 16.16% | 12.21% |
| Max Drawdown | -50.21% | -55.25% |
| Current Drawdown | -1.57% | -0.31% |
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.
Performance
FSLEX vs. IVV - Performance Comparison
In the year-to-date period, FSLEX achieves a 21.51% return, which is significantly lower than IVV's 26.84% return. Over the past 10 years, FSLEX has underperformed IVV with an annualized return of 11.51%, while IVV has yielded a comparatively higher 13.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FSLEX vs. IVV - Risk-Adjusted Performance 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.
Dividends
FSLEX vs. IVV - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.35%, less than IVV's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.35% | 0.39% | 0.69% | 0.28% | 0.87% | 0.86% | 1.00% | 0.83% | 0.71% | 3.07% | 14.89% | 0.76% |
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
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. For additional features, visit the drawdowns tool.
Volatility
FSLEX vs. IVV - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 5.17% compared to iShares Core S&P 500 ETF (IVV) at 3.89%. 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.