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FSDAX vs. FMCDX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FSDAX vs. FMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Fidelity Advisor Stock Selector Mid Cap Fund Class A (FMCDX). The values are adjusted to include any dividend payments, if applicable.

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FSDAX vs. FMCDX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FSDAX
Fidelity Select Defense & Aerospace Portfolio
-3.56%50.03%15.83%16.29%6.83%4.91%-7.87%33.75%-6.83%34.15%
FMCDX
Fidelity Advisor Stock Selector Mid Cap Fund Class A
0.99%10.17%8.89%16.86%-14.11%22.92%12.77%29.26%-7.82%19.57%

Returns By Period

In the year-to-date period, FSDAX achieves a -3.56% return, which is significantly lower than FMCDX's 0.99% return. Over the past 10 years, FSDAX has outperformed FMCDX with an annualized return of 14.95%, while FMCDX has yielded a comparatively lower 10.22% annualized return.


FSDAX

1D
-2.27%
1M
-14.26%
YTD
-3.56%
6M
-1.06%
1Y
34.57%
3Y*
23.65%
5Y*
15.00%
10Y*
14.95%

FMCDX

1D
-0.85%
1M
-7.86%
YTD
0.99%
6M
4.19%
1Y
16.54%
3Y*
10.44%
5Y*
5.81%
10Y*
10.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FSDAX vs. FMCDX - Expense Ratio Comparison

FSDAX has a 0.74% expense ratio, which is lower than FMCDX's 1.05% expense ratio.


Return for Risk

FSDAX vs. FMCDX — Risk / Return Rank

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

FSDAX
FSDAX Risk / Return Rank: 8080
Overall Rank
FSDAX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FSDAX Sortino Ratio Rank: 8080
Sortino Ratio Rank
FSDAX Omega Ratio Rank: 7878
Omega Ratio Rank
FSDAX Calmar Ratio Rank: 8282
Calmar Ratio Rank
FSDAX Martin Ratio Rank: 8080
Martin Ratio Rank

FMCDX
FMCDX Risk / Return Rank: 4040
Overall Rank
FMCDX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
FMCDX Sortino Ratio Rank: 4040
Sortino Ratio Rank
FMCDX Omega Ratio Rank: 3838
Omega Ratio Rank
FMCDX Calmar Ratio Rank: 3939
Calmar Ratio Rank
FMCDX Martin Ratio Rank: 4545
Martin Ratio Rank
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. FMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Fidelity Advisor Stock Selector Mid Cap Fund Class A (FMCDX). 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.


FSDAXFMCDXDifference

Sharpe ratio

Return per unit of total volatility

1.48

0.80

+0.69

Sortino ratio

Return per unit of downside risk

2.02

1.25

+0.77

Omega ratio

Gain probability vs. loss probability

1.29

1.17

+0.12

Calmar ratio

Return relative to maximum drawdown

1.96

1.02

+0.93

Martin ratio

Return relative to average drawdown

7.81

4.54

+3.27

FSDAX vs. FMCDX - Sharpe Ratio Comparison

The current FSDAX Sharpe Ratio is 1.48, which is higher than the FMCDX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of FSDAX and FMCDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FSDAXFMCDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

0.80

+0.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.29

+0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.49

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.48

+0.15

Correlation

The correlation between FSDAX and FMCDX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

FSDAX vs. FMCDX - Dividend Comparison

FSDAX's dividend yield for the trailing twelve months is around 4.65%, less than FMCDX's 8.50% yield.


TTM20252024202320222021202020192018201720162015
FSDAX
Fidelity Select Defense & Aerospace Portfolio
4.65%4.48%7.68%6.47%8.87%8.38%2.11%2.62%11.45%3.57%4.87%6.30%
FMCDX
Fidelity Advisor Stock Selector Mid Cap Fund Class A
8.50%8.58%0.00%0.61%10.14%13.43%2.25%4.16%21.85%4.30%1.03%9.17%

Drawdowns

FSDAX vs. FMCDX - Drawdown Comparison

The maximum FSDAX drawdown since its inception was -60.59%, smaller than the maximum FMCDX drawdown of -65.00%. Use the drawdown chart below to compare losses from any high point for FSDAX and FMCDX.


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Drawdown Indicators


FSDAXFMCDXDifference

Max Drawdown

Largest peak-to-trough decline

-60.59%

-65.00%

+4.41%

Max Drawdown (1Y)

Largest decline over 1 year

-16.13%

-14.31%

-1.82%

Max Drawdown (5Y)

Largest decline over 5 years

-22.84%

-25.19%

+2.35%

Max Drawdown (10Y)

Largest decline over 10 years

-47.08%

-43.40%

-3.68%

Current Drawdown

Current decline from peak

-16.13%

-8.70%

-7.43%

Average Drawdown

Average peak-to-trough decline

-10.45%

-10.69%

+0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

3.23%

+0.81%

Volatility

FSDAX vs. FMCDX - Volatility Comparison

Fidelity Select Defense & Aerospace Portfolio (FSDAX) has a higher volatility of 7.71% compared to Fidelity Advisor Stock Selector Mid Cap Fund Class A (FMCDX) at 6.40%. This indicates that FSDAX's price experiences larger fluctuations and is considered to be riskier than FMCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FSDAXFMCDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.71%

6.40%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

15.52%

12.05%

+3.47%

Volatility (1Y)

Calculated over the trailing 1-year period

23.22%

21.22%

+2.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.92%

19.92%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.07%

20.93%

+1.14%