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.
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
Key characteristics
FSLEX:
0.29
IVV:
0.57
FSLEX:
0.57
IVV:
0.91
FSLEX:
1.08
IVV:
1.13
FSLEX:
0.29
IVV:
0.58
FSLEX:
1.01
IVV:
2.33
FSLEX:
6.91%
IVV:
4.70%
FSLEX:
24.05%
IVV:
19.29%
FSLEX:
-50.21%
IVV:
-55.25%
FSLEX:
-11.54%
IVV:
-8.61%
Returns By Period
In the year-to-date period, FSLEX achieves a -5.89% return, which is significantly lower than IVV's -4.39% return. Over the past 10 years, FSLEX has underperformed IVV with an annualized return of 6.83%, while IVV has yielded a comparatively higher 12.22% annualized return.
FSLEX
-5.89%
1.87%
-1.93%
9.27%
14.46%
6.83%
IVV
-4.39%
-0.47%
-1.12%
13.10%
16.41%
12.22%
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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 Rank
FSLEX
IVV
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 0.41%, less than IVV's 1.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.41% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.36% | 1.29% | 3.07% | 14.89% |
IVV iShares Core S&P 500 ETF | 1.38% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
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 15.88% compared to iShares Core S&P 500 ETF (IVV) at 14.11%. 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.