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.
Correlation
The correlation between FSLEX and SPYG is 0.85, 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
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Key characteristics
FSLEX:
0.59
SPYG:
0.85
FSLEX:
0.96
SPYG:
1.27
FSLEX:
1.13
SPYG:
1.18
FSLEX:
0.58
SPYG:
0.93
FSLEX:
1.95
SPYG:
3.14
FSLEX:
7.09%
SPYG:
6.60%
FSLEX:
24.41%
SPYG:
25.09%
FSLEX:
-50.21%
SPYG:
-67.79%
FSLEX:
-2.34%
SPYG:
-2.39%
Returns By Period
In the year-to-date period, FSLEX achieves a 3.91% return, which is significantly higher than SPYG's 2.59% return. Over the past 10 years, FSLEX has underperformed SPYG with an annualized return of 7.66%, while SPYG has yielded a comparatively higher 14.86% annualized return.
FSLEX
3.91%
19.25%
4.08%
14.21%
15.41%
16.08%
7.66%
SPYG
2.59%
17.59%
5.72%
21.25%
20.15%
17.15%
14.86%
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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 Rank
FSLEX
SPYG
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.
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Dividends
FSLEX vs. SPYG - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.37%, less than SPYG's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.37% | 0.41% | 0.39% | 0.69% | 0.28% | 0.87% | 0.86% | 1.00% | 0.83% | 0.71% | 3.07% | 14.89% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
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.
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Volatility
FSLEX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Environment and Alternative Energy Fund (FSLEX) is 5.88%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.68%. This indicates that FSLEX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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