- Issuer
- Fidelity
- Inception Date
- Dec 16, 1985
- Category
- Transportation Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
FSAIX Performance Chart
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Returns By Period
Fidelity Select Air Transportation Portfolio
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.01%
- 1M
- -0.57%
- 6M
- 7.46%
- YTD
- 8.94%
- 1Y
- 18.44%
- 3Y*
- 17.86%
- 5Y*
- 11.50%
- 10Y*
- 13.17%
FSAIX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||
| 2022 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2021 | -7.12% | 12.91% | 5.80% | 2.43% | 3.43% | -5.12% | -2.63% | 1.41% | -1.52% | -0.45% | 1.98% | 0.00% | 10.10% |
Benchmark Metrics
Fidelity Select Air Transportation Portfolio has an annualized alpha of 3.36%, beta of 0.89, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since December 16, 1985.
- This fund captured 105.01% of S&P 500 Index gains but only 98.26% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.36% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.89 and R2 of 0.53, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.36%
- Beta
- 0.89
- R²
- 0.53
- Upside Capture
- 105.01%
- Downside Capture
- 98.26%
Expense Ratio
FSAIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Select Air Transportation Portfolio (FSAIX) and compare them to S&P 500 Index.
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.
| FSAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.03 | — |
| Martin ratioReturn relative to average drawdown | — | 8.80 | — |
Dividends
Dividend History
Fidelity Select Air Transportation Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $12.09 | $1.31 | $6.61 | $8.39 | $7.42 | $0.49 | $5.85 |
Dividend yield | 0.00% | 0.00% | 20.99% | 2.07% | 9.05% | 12.74% | 8.81% | 0.66% | 9.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Select Air Transportation Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.09 | $0.00 | $12.09 |
| 2020 | $0.00 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.87 | $6.61 |
| 2018 | $0.00 | $0.00 | $0.00 | $4.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.99 | $8.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Select Air Transportation Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Select Air Transportation Portfolio was 68.40%, occurring on Mar 9, 2009. Recovery took 947 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-68.40%Mar 2009 | 1y 5mo | 3y 9mo | 5y 2moOct 2007 - Dec 2012 | Financial crisis2007–2009 |
-52.49%Mar 2020 | 2mo 1d | 1y 1mo | 1y 3moJan 2020 - May 2021 | COVID crash2020 |
-49.54%Mar 2003 | 1y 9mo | 2y 4mo | 4y 1moMay 2001 - Jul 2005 | — |
-42.50%Oct 1998 | 2mo 25d | 6mo 9d | 9mo 4dJul 1998 - Apr 1999 | — |
-41.10%Oct 1987 | 2mo 17d | 1y 5mo | 1y 8moAug 1987 - Apr 1989 | Black Monday1987 |
Drawdown Indicators
| FSAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -2.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.70% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.10% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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