USD=X vs. FSLEX
USD=X (USD Cash) is a currency, while FSLEX (Fidelity Environment and Alternative Energy Fund) is Alternative Energy Equities fund managed by Fidelity. Over the past 10 years, USD=X returned 0.00%/yr vs 14.20%/yr for FSLEX.
Performance
USD=X vs. FSLEX - Performance Comparison
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Returns By Period
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
FSLEX
- 1D
- 2.90%
- 1M
- -0.71%
- YTD
- 13.30%
- 6M
- 12.05%
- 1Y
- 30.90%
- 3Y*
- 21.66%
- 5Y*
- 11.78%
- 10Y*
- 14.20%
USD=X vs. FSLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSLEX Fidelity Environment and Alternative Energy Fund | 13.30% | 20.38% | 20.01% | 26.29% | -26.05% | 30.30% | 21.56% | 26.86% | -13.49% | 24.94% |
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Return for Risk
USD=X vs. FSLEX — Risk / Return Rank
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FSLEX
USD=X vs. FSLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USD=X | FSLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.63 | — |
| Martin ratioReturn relative to average drawdown | — | 10.32 | — |
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Drawdowns
USD=X vs. FSLEX - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum FSLEX drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for USD=X and FSLEX.
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Drawdown Indicators
| USD=X | FSLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -50.21% | +50.21% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -11.41% | +11.41% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -24.04% | +24.04% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -32.67% | +32.67% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | -39.77% | +39.77% |
Current DrawdownCurrent decline from peak | 0.00% | -3.45% | +3.45% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -13.92% | +13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.90% | -2.90% |
Volatility
USD=X vs. FSLEX - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while Fidelity Environment and Alternative Energy Fund (FSLEX) has a volatility of 7.18%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky 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
| USD=X | FSLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.18% | -7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 13.72% | -13.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 17.12% | -17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 20.80% | -20.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 21.53% | -21.53% |
Frequently Asked Questions
FSLEX has higher volatility (7.18%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs FSLEX's -50.21%.
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