FSLEX vs. SCHD
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and Schwab US Dividend Equity ETF (SCHD).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLEX or SCHD.
Key characteristics
| FSLEX | SCHD | |
|---|---|---|
| YTD Return | 21.51% | 17.07% |
| 1Y Return | 36.39% | 29.98% |
| 3Y Return (Ann) | 3.97% | 6.85% |
| 5Y Return (Ann) | 13.38% | 12.79% |
| 10Y Return (Ann) | 11.51% | 11.62% |
| Sharpe Ratio | 2.24 | 2.64 |
| Sortino Ratio | 3.00 | 3.81 |
| Omega Ratio | 1.39 | 1.47 |
| Calmar Ratio | 1.94 | 2.92 |
| Martin Ratio | 14.28 | 14.57 |
| Ulcer Index | 2.54% | 2.04% |
| Daily Std Dev | 16.16% | 11.26% |
| Max Drawdown | -50.21% | -33.37% |
| Current Drawdown | -1.57% | -0.86% |
Correlation
The correlation between FSLEX and SCHD is 0.80, 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. SCHD - Performance Comparison
In the year-to-date period, FSLEX achieves a 21.51% return, which is significantly higher than SCHD's 17.07% return. Both investments have delivered pretty close results over the past 10 years, with FSLEX having a 11.51% annualized return and SCHD not far ahead at 11.62%. 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. SCHD - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
FSLEX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.35%, less than SCHD's 3.38% 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% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FSLEX vs. SCHD - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FSLEX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FSLEX vs. SCHD - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 5.17% compared to Schwab US Dividend Equity ETF (SCHD) at 3.51%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.