FSLEX vs. UTG
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and Reaves Utility Income Trust (UTG).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989.
Performance
FSLEX vs. UTG - Performance Comparison
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FSLEX vs. UTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | -3.79% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
UTG Reaves Utility Income Trust | 8.44% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Returns By Period
In the year-to-date period, FSLEX achieves a -3.79% return, which is significantly lower than UTG's 8.44% return. Over the past 10 years, FSLEX has outperformed UTG with an annualized return of 12.60%, while UTG has yielded a comparatively lower 10.34% annualized return.
FSLEX
- 1D
- -1.41%
- 1M
- -10.23%
- YTD
- -3.79%
- 6M
- -3.23%
- 1Y
- 26.76%
- 3Y*
- 17.00%
- 5Y*
- 9.21%
- 10Y*
- 12.60%
UTG
- 1D
- 0.41%
- 1M
- -5.57%
- YTD
- 8.44%
- 6M
- 2.25%
- 1Y
- 28.68%
- 3Y*
- 20.05%
- 5Y*
- 11.13%
- 10Y*
- 10.34%
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Return for Risk
FSLEX vs. UTG — Risk / Return Rank
FSLEX
UTG
FSLEX vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and Reaves Utility Income Trust (UTG). 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.
| FSLEX | UTG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.52 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.83 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.41 | -0.65 |
Martin ratioReturn relative to average drawdown | 7.52 | 5.37 | +2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSLEX | UTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.52 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.68 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.48 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.47 | -0.15 |
Correlation
The correlation between FSLEX and UTG is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSLEX vs. UTG - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.38%, less than UTG's 6.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.38% | 0.37% | 0.41% | 0.39% | 0.69% | 7.74% | 6.41% | 2.17% | 6.39% | 6.19% | 1.29% | 3.01% |
UTG Reaves Utility Income Trust | 6.03% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Drawdowns
FSLEX vs. UTG - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for FSLEX and UTG.
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Drawdown Indicators
| FSLEX | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.21% | -67.77% | +17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -12.01% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | -26.54% | -6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | -47.91% | +8.14% |
Current DrawdownCurrent decline from peak | -11.41% | -6.02% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -8.79% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 5.40% | -2.18% |
Volatility
FSLEX vs. UTG - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) and Reaves Utility Income Trust (UTG) have volatilities of 6.22% and 6.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLEX | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 6.42% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 13.20% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 18.93% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 16.56% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 21.54% | -0.15% |