FSST vs. GBLD

Last updated Jun 4, 2026

FSST (Fidelity Sustainability U.S. Equity ETF) and GBLD (Invesco MSCI Green Building ETF) are both Sustainable funds - FSST tracks the Russell 3000 while GBLD tracks the MSCI Global Green Building Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. FSST charges 0.59%/yr vs 0.39%/yr for GBLD.

Performance

FSST vs. GBLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainability U.S. Equity ETF (FSST) and Invesco MSCI Green Building ETF (GBLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSST

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSST vs. GBLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.81%
GBLD Invesco MSCI Green Building ETF	4.52%	17.95%	-5.63%	6.39%	-21.69%	-6.18%

Correlation

The correlation between FSST and GBLD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 18, 2021	0.61

Over the past year, the correlation between FSST and GBLD has dropped to 0.33 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

FSST vs. GBLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) and Invesco MSCI Green Building ETF (GBLD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

FSST vs. GBLD - Expense Ratio Comparison

FSST has a 0.59% expense ratio, which is higher than GBLD's 0.39% expense ratio.

Dividends

FSST vs. GBLD - Dividend Comparison

FSST's dividend yield for the trailing twelve months is around 0.14%, less than GBLD's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.14%	0.19%	2.01%	0.68%	1.00%	0.34%
GBLD Invesco MSCI Green Building ETF	3.45%	3.27%	5.34%	6.60%	3.79%	3.16%

Frequently Asked Questions

Can I hold both FSST and GBLD in my portfolio?

FSST and GBLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSST or GBLD?

On fees, GBLD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSST or GBLD?

GBLD is cheaper with a 0.39% expense ratio, compared with 0.59% for FSST.

Which ETF pays a higher dividend yield, FSST or GBLD?

GBLD has the higher dividend yield at 3.45%, compared with 0.14% for FSST.

What is the main difference between FSST and GBLD?

FSST tracks Russell 3000, while GBLD tracks MSCI Global Green Building Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.59% for FSST and 0.39% for GBLD.