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:
1.80
IVV:
2.21
FSLEX:
2.39
IVV:
2.93
FSLEX:
1.31
IVV:
1.41
FSLEX:
1.78
IVV:
3.36
FSLEX:
11.15
IVV:
14.03
FSLEX:
2.74%
IVV:
2.01%
FSLEX:
16.99%
IVV:
12.76%
FSLEX:
-50.21%
IVV:
-55.25%
FSLEX:
-0.56%
IVV:
-0.49%
Returns By Period
In the year-to-date period, FSLEX achieves a 5.53% return, which is significantly higher than IVV's 2.89% return. Over the past 10 years, FSLEX has underperformed IVV with an annualized return of 8.61%, while IVV has yielded a comparatively higher 13.45% annualized return.
FSLEX
5.53%
3.95%
9.94%
28.80%
9.63%
8.61%
IVV
2.89%
2.08%
9.59%
26.40%
14.52%
13.45%
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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 0.39%, less than IVV's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.39% | 0.41% | 0.39% | 0.69% | 0.28% | 0.87% | 0.86% | 1.00% | 0.83% | 0.71% | 3.70% | 14.89% |
IVV iShares Core S&P 500 ETF | 1.26% | 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 6.74% compared to iShares Core S&P 500 ETF (IVV) at 5.12%. 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.