FSLEX vs. SPY
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and SPDR S&P 500 ETF (SPY).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLEX or SPY.
Correlation
The correlation between FSLEX and SPY is 0.75, 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. SPY - Performance Comparison
Key characteristics
FSLEX:
1.48
SPY:
2.21
FSLEX:
2.01
SPY:
2.93
FSLEX:
1.26
SPY:
1.41
FSLEX:
2.04
SPY:
3.26
FSLEX:
9.38
SPY:
14.43
FSLEX:
2.62%
SPY:
1.90%
FSLEX:
16.60%
SPY:
12.41%
FSLEX:
-50.21%
SPY:
-55.19%
FSLEX:
-4.34%
SPY:
-2.74%
Returns By Period
In the year-to-date period, FSLEX achieves a 21.84% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, FSLEX has underperformed SPY with an annualized return of 10.93%, while SPY has yielded a comparatively higher 12.97% annualized return.
FSLEX
21.84%
0.90%
11.00%
22.77%
12.48%
10.93%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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FSLEX vs. SPY - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FSLEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.02%, less than SPY's 0.86% 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% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FSLEX vs. SPY - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSLEX and SPY. For additional features, visit the drawdowns tool.
Volatility
FSLEX vs. SPY - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 5.46% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.