FSDAX vs. FBMPX
FSDAX (Fidelity Select Defense & Aerospace Portfolio) and FBMPX (Fidelity Select Communication Services Portfolio) are both mutual funds - FSDAX is a Aerospace & Defense fund actively managed by Fidelity, while FBMPX is a Communications Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSDAX returned 15.62%/yr vs 16.31%/yr for FBMPX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. FSDAX charges 0.63%/yr vs 0.64%/yr for FBMPX.
Performance
FSDAX vs. FBMPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSDAX achieves a 12.58% return, which is significantly higher than FBMPX's 2.86% return. Both investments have delivered pretty close results over the past 10 years, with FSDAX having a 15.62% annualized return and FBMPX not far ahead at 16.31%.
FSDAX
- 1D
- 0.97%
- 1M
- -4.06%
- 6M
- 6.10%
- YTD
- 12.58%
- 1Y
- 22.65%
- 3Y*
- 28.50%
- 5Y*
- 18.30%
- 10Y*
- 15.62%
- ALL TIME*
- 12.21%
FBMPX
- 1D
- -1.81%
- 1M
- -5.72%
- 6M
- -1.53%
- YTD
- 2.86%
- 1Y
- 17.82%
- 3Y*
- 27.10%
- 5Y*
- 11.71%
- 10Y*
- 16.31%
- ALL TIME*
- 13.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSDAX vs. FBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSDAX Fidelity Select Defense & Aerospace Portfolio | 12.58% | 50.03% | 15.83% | 16.29% | 6.83% | 4.91% | -7.87% | 33.75% | -6.83% | 34.15% |
FBMPX Fidelity Select Communication Services Portfolio | 2.86% | 37.07% | 35.98% | 56.85% | -38.30% | 15.97% | 35.48% | 33.14% | -3.52% | 12.60% |
Correlation
The correlation between FSDAX and FBMPX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1986 | 0.62 |
Over the past year, the correlation between FSDAX and FBMPX has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
FSDAX vs. FBMPX — Risk / Return Rank
FSDAX
FBMPX
FSDAX vs. FBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Fidelity Select Communication Services Portfolio (FBMPX). 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 | FBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.05 | +0.27 |
| Martin ratioReturn relative to average drawdown | 3.65 | 3.58 | +0.07 |
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Drawdowns
FSDAX vs. FBMPX - Drawdown Comparison
The maximum FSDAX drawdown since its inception was -60.59%, roughly equal to the maximum FBMPX drawdown of -61.77%. Use the drawdown chart below to compare losses from any high point for FSDAX and FBMPX.
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Drawdown Indicators
| FSDAX | FBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.59% | -61.77% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -16.90% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -23.20% | +7.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -47.42% | +25.52% |
Max Drawdown (10Y)Largest decline over 10 years | -47.08% | -47.42% | +0.34% |
Current DrawdownCurrent decline from peak | -5.22% | -9.34% | +4.12% |
Average DrawdownAverage peak-to-trough decline | -10.43% | -10.61% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 4.97% | +0.89% |
Volatility
FSDAX vs. FBMPX - Volatility Comparison
Fidelity Select Defense & Aerospace Portfolio (FSDAX) has a higher volatility of 7.33% compared to Fidelity Select Communication Services Portfolio (FBMPX) at 6.85%. This indicates that FSDAX's price experiences larger fluctuations and is considered to be riskier than FBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSDAX | FBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 6.85% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.86% | 16.12% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.77% | 20.50% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.65% | 23.50% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 22.09% | +0.42% |
FSDAX vs. FBMPX - Expense Ratio Comparison
FSDAX has a 0.63% expense ratio, which is lower than FBMPX's 0.64% expense ratio.
Dividends
FSDAX vs. FBMPX - Dividend Comparison
FSDAX's dividend yield for the trailing twelve months is around 2.03%, less than FBMPX's 13.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBMPX Fidelity Select Communication Services Portfolio | 13.02% | 8.09% | 7.05% | 0.00% | 0.00% | 5.88% | 3.74% | 35.43% | 15.29% | 5.53% | 7.50% | 7.29% |
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
FSDAX and FBMPX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSDAX has higher volatility (7.33%) compared to FBMPX (6.85%). In terms of maximum drawdown, FSDAX dropped -60.59% vs FBMPX's -61.77%.
FSDAX currently has the higher Sharpe Ratio (0.94 vs 0.87), 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.
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