FSLEX vs. SSO

In the year-to-date period, FSLEX achieves a 2.72% return, which is significantly higher than SSO's -3.54% return. Over the past 10 years, FSLEX has underperformed SSO with an annualized return of 10.74%, while SSO has yielded a comparatively higher 18.68% annualized return.

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FSLEX has a 0.79% expense ratio, which is lower than SSO's 0.90% expense ratio.

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.

The current FSLEX Sharpe Ratio is 0.52, which is comparable to the SSO Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of FSLEX and SSO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FSLEX's dividend yield for the trailing twelve months is around 0.38%, less than SSO's 0.87% yield.

The maximum FSLEX drawdown since its inception was -50.16%, 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.

The current volatility for Fidelity Environment and Alternative Energy Fund (FSLEX) is 5.80%, while ProShares Ultra S&P 500 (SSO) has a volatility of 9.57%. 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.