- ISIN
- US3163908060
- CUSIP
- 316390806
- Issuer
- Fidelity
- Inception Date
- May 8, 1984
- Region
- North America (U.S.)
- Category
- Aerospace & Defense, Industrials Equities
- Leveraged
- 1x (No leverage)
- Min. Investment
- $0
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSDAX Performance Chart
Fidelity Select Defense & Aerospace Portfolio (FSDAX) is up 11.7% since the beginning of the year. FSDAX is currently trading at $29 per share. Investors who bought $1,000 worth of FSDAX shares 5 years ago would now be looking at an investment worth $2,219.
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Returns By Period
Fidelity Select Defense & Aerospace Portfolio (FSDAX) has returned 11.65% so far this year and 32.72% over the past 12 months. Looking at the last ten years, FSDAX has achieved an annualized return of 16.06%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.
Fidelity Select Defense & Aerospace Portfolio
- 1D
- 1.41%
- 1M
- 10.90%
- YTD
- 11.65%
- 6M
- 15.67%
- 1Y
- 32.72%
- 3Y*
- 29.17%
- 5Y*
- 17.28%
- 10Y*
- 16.06%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FSDAX Monthly Returns History
Based on dividend-adjusted daily data since May 8, 1984, FSDAX's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +19.5%, while the worst month was Mar 2020 at -25.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FSDAX closed higher 53% of trading days. The best single day was Oct 28, 2008 with a return of +11.9%, while the worst single day was Mar 16, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.11% | 6.01% | -10.96% | 1.80% | 7.76% | 1.62% | 11.65% | ||||||
| 2025 | 7.41% | 0.05% | 0.05% | 3.36% | 12.75% | 6.04% | 3.90% | 1.11% | 4.77% | 1.44% | -4.26% | 5.63% | 50.03% |
| 2024 | -4.31% | 4.07% | 4.03% | -0.37% | 4.37% | -1.95% | 8.48% | 2.15% | 1.08% | -3.86% | 6.50% | -4.38% | 15.83% |
| 2023 | 2.51% | -0.19% | 0.75% | -0.90% | -3.81% | 7.45% | 1.53% | -2.30% | -8.79% | 4.48% | 9.68% | 6.22% | 16.29% |
| 2022 | -2.78% | 10.84% | -0.59% | -8.76% | -2.03% | -2.21% | 5.26% | -2.50% | -11.46% | 17.28% | 5.07% | 1.87% | 6.83% |
| 2021 | -6.57% | 6.06% | 9.58% | 1.74% | 2.20% | -0.75% | -1.79% | -1.71% | -1.97% | 0.00% | -6.26% | 5.55% | 4.91% |
Benchmark Metrics
Fidelity Select Defense & Aerospace Portfolio has an annualized alpha of 4.50%, beta of 0.83, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since May 08, 1984.
- This fund captured 100.92% of S&P 500 Index gains but only 88.83% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.50% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.50%
- Beta
- 0.83
- R²
- 0.62
- Upside Capture
- 100.92%
- Downside Capture
- 88.83%
Expense Ratio
FSDAX has an expense ratio of 0.63%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSDAX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) 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.
| FSDAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.71 | -0.69 |
| Martin ratioReturn relative to average drawdown | 5.76 | 12.15 | -6.39 |
Dividends
Dividend History
Fidelity Select Defense & Aerospace Portfolio provided a 2.05% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $1.16 | $1.40 | $1.10 | $1.38 | $1.33 | $0.35 | $0.48 | $1.61 | $0.60 | $0.63 | $0.73 |
Dividend yield | 2.05% | 4.48% | 7.68% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.57% | 4.87% | 6.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Select Defense & Aerospace 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $1.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.40 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $1.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $1.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $1.33 |
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 Defense & Aerospace 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 Defense & Aerospace Portfolio was 60.59%, occurring on Mar 9, 2009. Recovery took 740 trading sessions.
The current Fidelity Select Defense & Aerospace Portfolio drawdown is 2.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.59%Mar 2009 | 1y 5mo | 2y 11mo | 4y 4moOct 2007 - Feb 2012 |
COVID crash2020 | -47.08%Mar 2020 | 1mo 9d | 2y 10mo | 3y 1dFeb 2020 - Feb 2023 |
Black Monday1987 | -40.79%Dec 1987 | 8mo 26d | 5y 7mo | 6y 3moMar 1987 - Jul 1993 |
2003 bear market2003 | -32.89%Mar 2003 | 10mo | 7mo 23d | 1y 5moMay 2002 - Oct 2003 |
1998 bear market1998 | -30.79%Sep 1998 | 4mo 20d | 9mo 25d | 1y 2moApr 1998 - Jul 1999 |
Drawdown Indicators
| FSDAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.59% | -56.78% | -3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -9.10% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -18.90% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -22.48% | -25.43% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -47.08% | -33.92% | -13.16% |
Current DrawdownCurrent decline from peak | -2.91% | -1.29% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -10.72% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 2.02% | +3.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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