FIDRX vs. FSDAX

Last updated Jun 3, 2026

FIDRX (Fidelity Select Industrials Portfolio) and FSDAX (Fidelity Select Defense & Aerospace Portfolio) are both Industrials Equities funds from Fidelity. Their correlation of 0.83 suggests significant overlap in exposure. FIDRX charges 0.68%/yr vs 0.74%/yr for FSDAX.

Performance

FIDRX vs. FSDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Industrials Portfolio (FIDRX) and Fidelity Select Defense & Aerospace Portfolio (FSDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIDRX

• 1D: -0.94%
• 1M: -0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSDAX

• 1D: -2.01%
• 1M: 6.52%
• YTD: 7.66%
• 6M: 15.06%
• 1Y: 28.03%
• 3Y*: 28.82%
• 5Y*: 16.32%
• 10Y*: 15.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIDRX vs. FSDAX - Yearly Performance Comparison

	2026 (YTD)
FIDRX Fidelity Select Industrials Portfolio	5.52%
FSDAX Fidelity Select Defense & Aerospace Portfolio	1.20%

Correlation

The correlation between FIDRX and FSDAX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.83

Return for Risk

FIDRX vs. FSDAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSDAX

FSDAX Risk / Return Rank: 21
FSDAX Sharpe Ratio Rank: 22
FSDAX Sortino Ratio Rank: 21
FSDAX Omega Ratio Rank: 20
FSDAX Calmar Ratio Rank: 23
FSDAX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIDRX vs. FSDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Industrials Portfolio (FIDRX) and Fidelity Select Defense & Aerospace Portfolio (FSDAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FIDRX	FSDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.38	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.64	+0.57

Drawdowns

FIDRX vs. FSDAX - Drawdown Comparison

The maximum FIDRX drawdown since its inception was -6.17%, smaller than the maximum FSDAX drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for FIDRX and FSDAX.

Drawdown Indicators

	FIDRX	FSDAX	Difference
Max Drawdown Largest peak-to-trough decline	-6.17%	-60.59%	+54.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.08%	—
Current Drawdown Current decline from peak	-3.40%	-6.38%	+2.98%
Average Drawdown Average peak-to-trough decline	-1.82%	-10.45%	+8.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.50%	—

Volatility

Volatility by Period

	FIDRX	FSDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	21.10%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.36%	20.42%	+3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.36%	22.35%	+2.01%

FIDRX vs. FSDAX - Expense Ratio Comparison

FIDRX has a 0.68% expense ratio, which is lower than FSDAX's 0.74% expense ratio.

Dividends

FIDRX vs. FSDAX - Dividend Comparison

FIDRX has not paid dividends to shareholders, while FSDAX's dividend yield for the trailing twelve months is around 2.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDRX Fidelity Select Industrials Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSDAX Fidelity Select Defense & Aerospace Portfolio	2.12%	4.48%	7.68%	6.47%	8.87%	8.38%	2.11%	2.62%	11.45%	3.57%	4.87%	6.30%

Frequently Asked Questions

Can I hold both FIDRX and FSDAX in my portfolio?

FIDRX and FSDAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.