FSLEX vs. VOO
Compare and contrast key facts about Fidelity Environment and Alternative Energy Fund (FSLEX) and Vanguard S&P 500 ETF (VOO).
FSLEX is managed by Fidelity. It was launched on Jun 29, 1989. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSLEX or VOO.
Correlation
The correlation between FSLEX and VOO 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. VOO - Performance Comparison
Key characteristics
FSLEX:
1.48
VOO:
2.25
FSLEX:
2.01
VOO:
2.98
FSLEX:
1.26
VOO:
1.42
FSLEX:
2.04
VOO:
3.31
FSLEX:
9.38
VOO:
14.77
FSLEX:
2.62%
VOO:
1.90%
FSLEX:
16.60%
VOO:
12.46%
FSLEX:
-50.21%
VOO:
-33.99%
FSLEX:
-4.34%
VOO:
-2.47%
Returns By Period
In the year-to-date period, FSLEX achieves a 21.84% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, FSLEX has underperformed VOO with an annualized return of 10.93%, while VOO has yielded a comparatively higher 13.08% annualized return.
FSLEX
21.84%
0.90%
11.00%
22.77%
12.48%
10.93%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSLEX vs. VOO - Expense Ratio Comparison
FSLEX has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FSLEX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environment and Alternative Energy Fund (FSLEX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FSLEX's dividend yield for the trailing twelve months is around 0.02%, less than VOO's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLEX Fidelity Environment and Alternative Energy Fund | 0.02% | 0.39% | 0.69% | 0.28% | 0.87% | 0.86% | 1.00% | 0.83% | 0.71% | 3.07% | 14.89% | 0.76% |
VOO Vanguard S&P 500 ETF | 0.91% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FSLEX vs. VOO - Drawdown Comparison
The maximum FSLEX drawdown since its inception was -50.21%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSLEX and VOO. For additional features, visit the drawdowns tool.
Volatility
FSLEX vs. VOO - Volatility Comparison
Fidelity Environment and Alternative Energy Fund (FSLEX) has a higher volatility of 5.46% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that FSLEX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.