FSLEX vs. SPYG
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLEX or SPYG.
Key characteristics
| FSLEX | SPYG | |
|---|---|---|
| YTD Return | 21.51% | 35.11% |
| 1Y Return | 36.39% | 43.90% |
| 3Y Return (Ann) | 3.97% | 8.15% |
| 5Y Return (Ann) | 13.38% | 18.10% |
| 10Y Return (Ann) | 11.51% | 15.26% |
| Sharpe Ratio | 2.24 | 2.59 |
| Sortino Ratio | 3.00 | 3.32 |
| Omega Ratio | 1.39 | 1.48 |
| Calmar Ratio | 1.94 | 2.93 |
| Martin Ratio | 14.28 | 13.72 |
| Ulcer Index | 2.54% | 3.20% |
| Daily Std Dev | 16.16% | 16.94% |
| Max Drawdown | -50.21% | -67.79% |
| Current Drawdown | -1.57% | -0.10% |
Correlation
The correlation between FSLEX and SPYG 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. SPYG - Performance Comparison
In the year-to-date period, FSLEX achieves a 21.51% return, which is significantly lower than SPYG's 35.11% return. Over the past 10 years, FSLEX has underperformed SPYG with an annualized return of 11.51%, while SPYG has yielded a comparatively higher 15.26% annualized return. 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. SPYG - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
FSLEX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.35%, less than SPYG's 0.65% 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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.65% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
FSLEX vs. SPYG - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FSLEX and SPYG. For additional features, visit the drawdowns tool.
Volatility
FSLEX vs. SPYG - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) and SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 5.17% and 5.17%, 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.