FSLEX vs. IVV

In the year-to-date period, FSLEX achieves a 3.91% return, which is significantly higher than IVV's 1.86% return. Over the past 10 years, FSLEX has underperformed IVV with an annualized return of 7.66%, while IVV has yielded a comparatively higher 12.81% annualized return.

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FSLEX has a 0.79% expense ratio, which is higher than IVV's 0.03% expense ratio.

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.

The current FSLEX Sharpe Ratio is 0.59, which is comparable to the IVV Sharpe Ratio of 0.71. 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.

FSLEX's dividend yield for the trailing twelve months is around 0.37%, less than IVV's 1.30% yield.

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.

Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 5.88% compared to iShares Core S&P 500 ETF (IVV) at 5.44%. 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.