FSLEX vs. SSO
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and ProShares Ultra S&P 500 (SSO).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLEX or SSO.
Correlation
The correlation between FSLEX and SSO is 0.87, 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. SSO - Performance Comparison
Key characteristics
FSLEX:
0.95
SSO:
1.48
FSLEX:
1.33
SSO:
1.97
FSLEX:
1.17
SSO:
1.27
FSLEX:
1.09
SSO:
2.26
FSLEX:
5.51
SSO:
8.70
FSLEX:
2.98%
SSO:
4.34%
FSLEX:
17.42%
SSO:
25.50%
FSLEX:
-50.21%
SSO:
-84.67%
FSLEX:
-6.75%
SSO:
-4.28%
Returns By Period
In the year-to-date period, FSLEX achieves a -0.79% return, which is significantly lower than SSO's 3.69% return. Over the past 10 years, FSLEX has underperformed SSO with an annualized return of 7.37%, while SSO has yielded a comparatively higher 19.61% annualized return.
FSLEX
-0.79%
-6.75%
3.39%
14.82%
9.32%
7.37%
SSO
3.69%
-3.76%
11.00%
32.01%
21.25%
19.61%
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FSLEX vs. SSO - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is lower than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
FSLEX vs. SSO — Risk-Adjusted Performance Rank
FSLEX
SSO
FSLEX vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and ProShares Ultra S&P 500 (SSO). 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. SSO - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.42%, less than SSO's 0.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.42% | 0.41% | 0.39% | 0.69% | 0.28% | 0.87% | 0.86% | 1.00% | 0.83% | 0.71% | 3.07% | 14.89% |
SSO ProShares Ultra S&P 500 | 0.82% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
FSLEX vs. SSO - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for FSLEX and SSO. For additional features, visit the drawdowns tool.
Volatility
FSLEX vs. SSO - Volatility Comparison
The current volatility for Fidelity Environment and Alternative Energy Fund (FSLEX) is 5.82%, while ProShares Ultra S&P 500 (SSO) has a volatility of 6.78%. This indicates that FSLEX experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.