FSDAX vs. BTCFX

Last updated Jul 17, 2026

FSDAX (Fidelity Select Defense & Aerospace Portfolio) and BTCFX (Bitcoin ProFund Investor Class) are both mutual funds - FSDAX is a Aerospace & Defense fund actively managed by Fidelity, while BTCFX is a Cryptocurrency fund actively managed by ProFunds. Both are actively managed. Over the past 3 years, FSDAX returned 29.16%/yr vs 20.18%/yr for BTCFX. At a 0.29 correlation, their price movements are largely independent. FSDAX charges 0.63%/yr vs 1.18%/yr for BTCFX.

Performance

FSDAX vs. BTCFX - Performance Comparison

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

Returns By Period

In the year-to-date period, FSDAX achieves a 12.23% return, which is significantly higher than BTCFX's -27.15% return.

FSDAX

• 1D: 0.84%
• 1M: -0.52%
• 6M: 0.92%
• YTD: 12.23%
• 1Y: 22.48%
• 3Y*: 29.16%
• 5Y*: 18.88%
• 10Y*: 15.76%

BTCFX

• 1D: 0.56%
• 1M: -1.25%
• 6M: -32.94%
• YTD: -27.15%
• 1Y: -48.07%
• 3Y*: 20.18%
• 5Y*: —
• 10Y*: —

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

FSDAX vs. BTCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSDAX Fidelity Select Defense & Aerospace Portfolio	12.23%	50.03%	15.83%	16.29%	6.83%	-3.81%
BTCFX Bitcoin ProFund Investor Class	-27.15%	-11.83%	102.93%	133.31%	-64.04%	-3.69%

Correlation

The correlation between FSDAX and BTCFX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.29

The correlation between FSDAX and BTCFX shifts across timeframes, from 0.26 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FSDAX vs. BTCFX — Risk / Return Rank

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

FSDAX

FSDAX Risk / Return Rank: 24
FSDAX Sharpe Ratio Rank: 23
FSDAX Sortino Ratio Rank: 25
FSDAX Omega Ratio Rank: 23
FSDAX Calmar Ratio Rank: 25
FSDAX Martin Ratio Rank: 22

BTCFX

BTCFX Risk / Return Rank: 0
BTCFX Sharpe Ratio Rank: 0
BTCFX Sortino Ratio Rank: 0
BTCFX Omega Ratio Rank: 0
BTCFX Calmar Ratio Rank: 0
BTCFX Martin Ratio Rank: 0

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. BTCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Bitcoin ProFund Investor Class (BTCFX). 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.

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	BTCFX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	-1.05	+2.09
Sortino ratio: Return per unit of downside risk	1.60	-1.60	+3.20
Omega ratio: Gain probability vs. loss probability	1.19	0.82	+0.36
Calmar ratio: Return relative to maximum drawdown	1.43	-0.86	+2.28
Martin ratio: Return relative to average drawdown	4.03	-1.38	+5.40

FSDAX vs. BTCFX - Sharpe Ratio Comparison

The current FSDAX Sharpe Ratio is 1.04, which is higher than the BTCFX Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of FSDAX and BTCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSDAX vs. BTCFX - Drawdown Comparison

The maximum FSDAX drawdown since its inception was -60.59%, smaller than the maximum BTCFX drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for FSDAX and BTCFX.

Drawdown Indicators

	FSDAX	BTCFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.59%	-77.89%	+17.30%
Max Drawdown (1Y) Largest decline over 1 year	-16.13%	-54.81%	+38.68%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-54.81%	+38.68%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.08%	—	—
Current Drawdown Current decline from peak	-5.52%	-50.04%	+44.52%
Average Drawdown Average peak-to-trough decline	-10.43%	-36.28%	+25.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	34.03%	-28.32%

Volatility

FSDAX vs. BTCFX - Volatility Comparison

The current volatility for Fidelity Select Defense & Aerospace Portfolio (FSDAX) is 5.53%, while Bitcoin ProFund Investor Class (BTCFX) has a volatility of 11.65%. This indicates that FSDAX experiences smaller price fluctuations and is considered to be less risky than BTCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSDAX	BTCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	11.65%	-6.12%
Volatility (6M) Calculated over the trailing 6-month period	18.47%	35.05%	-16.58%
Volatility (1Y) Calculated over the trailing 1-year period	22.23%	44.61%	-22.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.65%	55.13%	-34.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	55.13%	-32.68%

FSDAX vs. BTCFX - Expense Ratio Comparison

FSDAX has a 0.63% expense ratio, which is lower than BTCFX's 1.18% expense ratio.

Dividends

FSDAX vs. BTCFX - Dividend Comparison

FSDAX's dividend yield for the trailing twelve months is around 2.03%, less than BTCFX's 32.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTCFX Bitcoin ProFund Investor Class	32.22%	44.62%	24.28%	10.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSDAX Fidelity Select Defense & Aerospace Portfolio	2.03%	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 BTCFX in my portfolio?

FSDAX and BTCFX have a correlation of 0.36, 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 BTCFX?

BTCFX has higher volatility (11.65%) compared to FSDAX (5.53%). In terms of maximum drawdown, FSDAX dropped -60.59% vs BTCFX's -77.89%.

Which has better risk-adjusted returns?

FSDAX currently has the higher Sharpe Ratio (1.04 vs -1.05), 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.