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 0.77, 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:
0.35
SPY:
0.54
FSLEX:
0.65
SPY:
0.90
FSLEX:
1.09
SPY:
1.13
FSLEX:
0.34
SPY:
0.57
FSLEX:
1.17
SPY:
2.24
FSLEX:
7.05%
SPY:
4.82%
FSLEX:
24.09%
SPY:
20.02%
FSLEX:
-50.21%
SPY:
-55.19%
FSLEX:
-9.11%
SPY:
-7.53%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FSLEX at -3.30% and SPY at -3.30%. Over the past 10 years, FSLEX has underperformed SPY with an annualized return of 7.12%, while SPY has yielded a comparatively higher 12.33% annualized return.
FSLEX
-3.30%
19.65%
-4.13%
8.36%
14.45%
7.12%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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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 Rank
FSLEX
SPY
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 0.40%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.40% | 0.41% | 0.39% | 0.69% | 0.28% | 0.87% | 0.86% | 1.00% | 0.83% | 0.71% | 3.07% | 14.89% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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) and SPDR S&P 500 ETF (SPY) have volatilities of 12.75% and 12.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.