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Fidelity Environment and Alternative Energy Fund FSLEX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FSLEX | Replication |
|---|---|---|
| Annualized growth | 10.2% | 11.1% |
| Annualized volatility | 19.5% | 20.0% |
| Sharpe ratio | 0.60 | 0.63 |
| Maximum drawdown | 32.6% | 31.1% |
| Replication fit (R²) | 0.87 · Tracking error 7.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model FSLEX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| XLY | Sector · Cons Discr | 33.7% |
| XLK | Sector · Technology | 28.6% |
| XLI | Sector · Industrials | 19.5% |
| VOT | Mid-Cap · Growth | 18.3% |