Conservative systems are increasingly being studied, while little research on fractional-order conservative systems has been reported. In this paper, a novel five-dimensional conservative chaotic system is proposed and solved in a fractional-order form using the Adomian decomposition method. This system is dissipative in the phase volume, but the sum of all Lyapunov exponents is zero. During the exploration, some special dynamical behaviors are analyzed in detail by using phase diagrams, bifurcation diagrams, Lyapunov exponential spectra, timing diagrams, and so on. After extensive simulation, several rare dynamical behaviors, including completely homogeneous, homogeneous, and heterogeneous initial offset boosting behaviors, are revealed. Among them, the initial offset boosting behaviors with identical phase trajectory structures have not been reported before, and the previously proposed homogeneous phase trajectories are locally different. By comparing with the integer-order system, two influence factors that affect the system to produce completely homogeneous and heterogeneous conservative flows are discovered. Eventually, the circuit is built on the digital signal processing (DSP) platform to demonstrate the physical realizability of the system. The experimental results are shown by the oscilloscope and agree with the theoretical analysis.