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.
Key characteristics
| FSLEX | SSO | |
|---|---|---|
| YTD Return | 21.05% | 48.96% |
| 1Y Return | 36.62% | 75.53% |
| 3Y Return (Ann) | 3.53% | 11.04% |
| 5Y Return (Ann) | 13.09% | 23.26% |
| 10Y Return (Ann) | 11.43% | 20.52% |
| Sharpe Ratio | 2.27 | 3.08 |
| Sortino Ratio | 3.05 | 3.68 |
| Omega Ratio | 1.39 | 1.51 |
| Calmar Ratio | 1.84 | 2.90 |
| Martin Ratio | 14.44 | 19.16 |
| Ulcer Index | 2.54% | 3.95% |
| Daily Std Dev | 16.13% | 24.59% |
| Max Drawdown | -50.21% | -84.67% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
The correlation between FSLEX and SSO is 0.88, 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
In the year-to-date period, FSLEX achieves a 21.05% return, which is significantly lower than SSO's 48.96% return. Over the past 10 years, FSLEX has underperformed SSO with an annualized return of 11.43%, while SSO has yielded a comparatively higher 20.52% 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. 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 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 0.35%, less than SSO's 0.69% 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% |
SSO ProShares Ultra S&P 500 | 0.69% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
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 4.82%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.88%. 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.