FSLEX vs. USD=X
FSLEX (Fidelity Environment and Alternative Energy Fund) is Alternative Energy Equities fund managed by Fidelity, while USD=X (USD Cash) is a currency. Over the past 10 years, FSLEX returned 14.20%/yr vs 0.00%/yr for USD=X.
Performance
FSLEX vs. USD=X - Performance Comparison
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Returns By Period
FSLEX
- 1D
- 2.90%
- 1M
- -0.71%
- YTD
- 13.30%
- 6M
- 12.05%
- 1Y
- 30.90%
- 3Y*
- 21.66%
- 5Y*
- 11.78%
- 10Y*
- 14.20%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
FSLEX vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 13.30% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
FSLEX vs. USD=X — Risk / Return Rank
FSLEX
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FSLEX vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and USD Cash (USD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSLEX | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | — | — |
| Martin ratioReturn relative to average drawdown | 10.32 | — | — |
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Drawdowns
FSLEX vs. USD=X - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FSLEX and USD=X.
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Drawdown Indicators
| FSLEX | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.21% | 0.00% | -50.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | 0.00% | -11.41% |
Max Drawdown (3Y)Largest decline over 3 years | -24.04% | 0.00% | -24.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | 0.00% | -32.67% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | 0.00% | -39.77% |
Current DrawdownCurrent decline from peak | -3.45% | 0.00% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -13.92% | 0.00% | -13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.00% | +2.90% |
Volatility
FSLEX vs. USD=X - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 7.18% compared to USD Cash (USD=X) at 0.00%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLEX | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 0.00% | +7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 0.00% | +13.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 0.00% | +17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 0.00% | +20.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 0.00% | +21.53% |
Frequently Asked Questions
FSLEX has higher volatility (7.18%) compared to USD=X (0.00%). In terms of maximum drawdown, FSLEX dropped -50.21% vs USD=X's 0.00%.
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