NAEFX vs. FSLEX
Compare and contrast key facts about New Alternatives Fund Investor Class (NAEFX) and Fidelity Environment and Alternative Energy Fund (FSLEX).
NAEFX is an actively managed fund by New Alternatives. It was launched on Sep 3, 1982. FSLEX is managed by Fidelity. It was launched on Jun 29, 1989.
Performance
NAEFX vs. FSLEX - Performance Comparison
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NAEFX vs. FSLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAEFX New Alternatives Fund Investor Class | 5.61% | 27.81% | -6.26% | -2.74% | -16.08% | -5.02% | 61.33% | 36.68% | -7.13% | 20.92% |
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% |
Returns By Period
In the year-to-date period, NAEFX achieves a 5.61% return, which is significantly higher than FSLEX's -3.79% return. Over the past 10 years, NAEFX has underperformed FSLEX with an annualized return of 9.82%, while FSLEX has yielded a comparatively higher 12.60% annualized return.
NAEFX
- 1D
- 0.37%
- 1M
- -5.97%
- YTD
- 5.61%
- 6M
- 9.42%
- 1Y
- 28.07%
- 3Y*
- 5.53%
- 5Y*
- 0.35%
- 10Y*
- 9.82%
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%
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NAEFX vs. FSLEX - Expense Ratio Comparison
NAEFX has a 1.28% expense ratio, which is higher than FSLEX's 0.79% expense ratio.
Return for Risk
NAEFX vs. FSLEX — Risk / Return Rank
NAEFX
FSLEX
NAEFX vs. FSLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Alternatives Fund Investor Class (NAEFX) and Fidelity Environment and Alternative Energy Fund (FSLEX). 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.
| NAEFX | FSLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.22 | +0.45 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.82 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.76 | +0.77 |
Martin ratioReturn relative to average drawdown | 9.68 | 7.52 | +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
| NAEFX | FSLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.22 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.45 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.59 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.32 | +0.24 |
Correlation
The correlation between NAEFX and FSLEX is 0.63, 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
NAEFX vs. FSLEX - Dividend Comparison
NAEFX's dividend yield for the trailing twelve months is around 0.88%, more than FSLEX's 0.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAEFX New Alternatives Fund Investor Class | 0.88% | 0.93% | 1.75% | 4.14% | 4.37% | 4.90% | 4.88% | 5.35% | 6.39% | 3.98% | 3.48% | 0.00% |
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% |
Drawdowns
NAEFX vs. FSLEX - Drawdown Comparison
The maximum NAEFX drawdown since its inception was -42.74%, smaller than the maximum FSLEX drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for NAEFX and FSLEX.
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Drawdown Indicators
| NAEFX | FSLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.74% | -50.21% | +7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -13.76% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -38.35% | -32.67% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -39.77% | -2.97% |
Current DrawdownCurrent decline from peak | -10.77% | -11.41% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -13.99% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.22% | -0.45% |
Volatility
NAEFX vs. FSLEX - Volatility Comparison
New Alternatives Fund Investor Class (NAEFX) has a higher volatility of 6.59% compared to Fidelity Environment and Alternative Energy Fund (FSLEX) at 6.22%. This indicates that NAEFX's price experiences larger fluctuations and is considered to be riskier than FSLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAEFX | FSLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 6.22% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.26% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 22.17% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 20.57% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 21.39% | -3.48% |