GBLD vs. FSST

Last updated Jun 4, 2026

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

Performance

GBLD vs. FSST - Performance Comparison

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

Returns By Period

GBLD

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

FSST

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

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

GBLD vs. FSST - Yearly Performance Comparison

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

Correlation

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

Return for Risk

GBLD vs. FSST - Risk-Adjusted Trends Comparison

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

GBLD vs. FSST - Expense Ratio Comparison

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

Dividends

GBLD vs. FSST - Dividend Comparison

GBLD's dividend yield for the trailing twelve months is around 3.45%, more than FSST's 0.14% 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 GBLD and FSST in my portfolio?

GBLD and FSST 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, GBLD or FSST?

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, GBLD or FSST?

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

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

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

What is the main difference between GBLD and FSST?

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