FSDAX vs. FNCL
Compare and contrast key facts about Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Fidelity MSCI Financials Index ETF (FNCL).
FSDAX is managed by Fidelity. It was launched on May 8, 1984. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013.
Performance
FSDAX vs. FNCL - Performance Comparison
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FSDAX vs. FNCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FNCL Fidelity MSCI Financials Index ETF | -9.17% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
Returns By Period
In the year-to-date period, FSDAX achieves a -3.56% return, which is significantly higher than FNCL's -9.17% return. Over the past 10 years, FSDAX has outperformed FNCL with an annualized return of 14.95%, while FNCL has yielded a comparatively lower 12.25% 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%
FNCL
- 1D
- 2.23%
- 1M
- -3.42%
- YTD
- -9.17%
- 6M
- -7.18%
- 1Y
- 2.69%
- 3Y*
- 17.96%
- 5Y*
- 9.30%
- 10Y*
- 12.25%
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FSDAX vs. FNCL - Expense Ratio Comparison
FSDAX has a 0.74% expense ratio, which is higher than FNCL's 0.08% expense ratio.
Return for Risk
FSDAX vs. FNCL — Risk / Return Rank
FSDAX
FNCL
FSDAX vs. FNCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Fidelity MSCI Financials Index ETF (FNCL). 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 | FNCL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 0.14 | +1.35 |
Sortino ratioReturn per unit of downside risk | 2.02 | 0.32 | +1.70 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.05 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.26 | +1.69 |
Martin ratioReturn relative to average drawdown | 7.81 | 0.79 | +7.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSDAX | FNCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.14 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.48 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.55 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.52 | +0.11 |
Correlation
The correlation between FSDAX and FNCL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSDAX vs. FNCL - Dividend Comparison
FSDAX's dividend yield for the trailing twelve months is around 4.65%, more than FNCL's 1.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FNCL Fidelity MSCI Financials Index ETF | 1.75% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
Drawdowns
FSDAX vs. FNCL - Drawdown Comparison
The maximum FSDAX drawdown since its inception was -60.59%, which is greater than FNCL's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for FSDAX and FNCL.
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Drawdown Indicators
| FSDAX | FNCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.59% | -44.38% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -14.78% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -25.68% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -47.08% | -44.38% | -2.70% |
Current DrawdownCurrent decline from peak | -16.13% | -11.94% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -6.89% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 4.92% | -0.88% |
Volatility
FSDAX vs. FNCL - Volatility Comparison
Fidelity Select Defense & Aerospace Portfolio (FSDAX) has a higher volatility of 7.71% compared to Fidelity MSCI Financials Index ETF (FNCL) at 4.88%. This indicates that FSDAX's price experiences larger fluctuations and is considered to be riskier than FNCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSDAX | FNCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 4.88% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 11.75% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.22% | 20.02% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 19.34% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 22.35% | -0.28% |