FSDAX vs. BREA

Last updated Jun 4, 2026

FSDAX (Fidelity Select Defense & Aerospace Portfolio) is Industrials Equities fund managed by Fidelity, while BREA (Brera Holdings PLC Class B Ordinary Shares) is a stock. Over the past 3 years, FSDAX returned 28.42%/yr vs -71.88%/yr for BREA. At a 0.16 correlation, their price movements are largely independent.

Performance

FSDAX vs. BREA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Brera Holdings PLC Class B Ordinary Shares (BREA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSDAX achieves a 6.65% return, which is significantly higher than BREA's -70.16% return.

FSDAX

• 1D: -0.94%
• 1M: 6.67%
• YTD: 6.65%
• 6M: 13.89%
• 1Y: 25.92%
• 3Y*: 28.42%
• 5Y*: 16.23%
• 10Y*: 15.44%

BREA

• 1D: -5.42%
• 1M: -28.07%
• YTD: -70.16%
• 6M: -76.36%
• 1Y: -91.65%
• 3Y*: -71.88%
• 5Y*: —
• 10Y*: —

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

FSDAX vs. BREA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FSDAX Fidelity Select Defense & Aerospace Portfolio	6.65%	50.03%	15.83%	14.38%
BREA Brera Holdings PLC Class B Ordinary Shares	-70.16%	-77.28%	25.53%	-86.40%

Correlation

The correlation between FSDAX and BREA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 30, 2023	0.16

The correlation between FSDAX and BREA shifts across timeframes, from 0.16 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FSDAX vs. BREA — Risk / Return Rank

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

FSDAX

FSDAX Risk / Return Rank: 19
FSDAX Sharpe Ratio Rank: 20
FSDAX Sortino Ratio Rank: 20
FSDAX Omega Ratio Rank: 19
FSDAX Calmar Ratio Rank: 20
FSDAX Martin Ratio Rank: 17

BREA

BREA Risk / Return Rank: 20
BREA Sharpe Ratio Rank: 27
BREA Sortino Ratio Rank: 28
BREA Omega Ratio Rank: 28
BREA Calmar Ratio Rank: 5
BREA Martin Ratio Rank: 14

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.

FSDAX vs. BREA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Brera Holdings PLC Class B Ordinary Shares (BREA). 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.

	FSDAX	BREA	Difference
Sharpe ratio: Return per unit of total volatility	1.28	-0.34	+1.62
Sortino ratio: Return per unit of downside risk	1.88	-0.10	+1.98
Omega ratio: Gain probability vs. loss probability	1.23	0.99	+0.24
Calmar ratio: Return relative to maximum drawdown	1.67	-0.93	+2.60
Martin ratio: Return relative to average drawdown	4.87	-1.23	+6.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSDAX vs. BREA - Sharpe Ratio Comparison

The current FSDAX Sharpe Ratio is 1.28, which is higher than the BREA Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of FSDAX and BREA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSDAX	BREA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	-0.34	+1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	-0.38	+1.02

Drawdowns

FSDAX vs. BREA - Drawdown Comparison

The maximum FSDAX drawdown since its inception was -60.59%, smaller than the maximum BREA drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FSDAX and BREA.

Drawdown Indicators

	FSDAX	BREA	Difference
Max Drawdown Largest peak-to-trough decline	-60.59%	-99.07%	+38.48%
Max Drawdown (1Y) Largest decline over 1 year	-16.13%	-98.52%	+82.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-98.52%	+82.39%
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	-7.26%	-98.84%	+91.58%
Average Drawdown Average peak-to-trough decline	-10.45%	-77.68%	+67.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	74.20%	-68.68%

Volatility

FSDAX vs. BREA - Volatility Comparison

The current volatility for Fidelity Select Defense & Aerospace Portfolio (FSDAX) is 7.45%, while Brera Holdings PLC Class B Ordinary Shares (BREA) has a volatility of 35.71%. This indicates that FSDAX experiences smaller price fluctuations and is considered to be less risky than BREA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSDAX	BREA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	35.71%	-28.26%
Volatility (6M) Calculated over the trailing 6-month period	18.25%	86.03%	-67.78%
Volatility (1Y) Calculated over the trailing 1-year period	21.08%	270.99%	-249.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	194.12%	-173.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	194.12%	-171.77%

Dividends

FSDAX vs. BREA - Dividend Comparison

FSDAX's dividend yield for the trailing twelve months is around 2.14%, while BREA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BREA Brera Holdings PLC Class B Ordinary Shares	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	2.14%	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 FSDAX and BREA in my portfolio?

FSDAX and BREA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSDAX or BREA?

BREA has higher volatility (35.71%) compared to FSDAX (7.45%). In terms of maximum drawdown, FSDAX dropped -60.59% vs BREA's -99.07%.

Which has better risk-adjusted returns?

FSDAX currently has the higher Sharpe Ratio (1.28 vs -0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.