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:
1.48
IVV:
2.25
FSLEX:
2.01
IVV:
2.98
FSLEX:
1.26
IVV:
1.42
FSLEX:
2.04
IVV:
3.32
FSLEX:
9.38
IVV:
14.68
FSLEX:
2.62%
IVV:
1.90%
FSLEX:
16.60%
IVV:
12.43%
FSLEX:
-50.21%
IVV:
-55.25%
FSLEX:
-4.34%
IVV:
-2.52%
Returns By Period
In the year-to-date period, FSLEX achieves a 21.84% return, which is significantly lower than IVV's 25.92% return. Over the past 10 years, FSLEX has underperformed IVV with an annualized return of 10.93%, while IVV has yielded a comparatively higher 13.05% annualized return.
FSLEX
21.84%
0.90%
11.00%
22.77%
12.48%
10.93%
IVV
25.92%
0.33%
9.27%
26.64%
14.77%
13.05%
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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 0.02%, less than IVV's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.02% | 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 | 1.29% | 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 5.46% compared to iShares Core S&P 500 ETF (IVV) at 3.75%. 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.