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FSDAX vs. ITA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSDAX and ITA is 0.96, 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.


-0.50.00.51.01.0

Performance

FSDAX vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Defense & Aerospace Portfolio (FSDAX) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
274.43%
592.76%
FSDAX
ITA

Key characteristics

Sharpe Ratio

FSDAX:

0.68

ITA:

1.21

Sortino Ratio

FSDAX:

0.99

ITA:

1.68

Omega Ratio

FSDAX:

1.13

ITA:

1.23

Calmar Ratio

FSDAX:

0.62

ITA:

2.16

Martin Ratio

FSDAX:

4.08

ITA:

7.11

Ulcer Index

FSDAX:

2.77%

ITA:

2.68%

Daily Std Dev

FSDAX:

16.61%

ITA:

15.69%

Max Drawdown

FSDAX:

-60.20%

ITA:

-59.72%

Current Drawdown

FSDAX:

-5.09%

ITA:

-6.71%

Returns By Period

In the year-to-date period, FSDAX achieves a 14.46% return, which is significantly lower than ITA's 16.59% return. Over the past 10 years, FSDAX has underperformed ITA with an annualized return of 5.96%, while ITA has yielded a comparatively higher 10.93% annualized return.


FSDAX

YTD

14.46%

1M

-1.52%

6M

8.75%

1Y

15.41%

5Y*

1.34%

10Y*

5.96%

ITA

YTD

16.59%

1M

-3.24%

6M

9.37%

1Y

17.89%

5Y*

6.62%

10Y*

10.93%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FSDAX vs. ITA - Expense Ratio Comparison

FSDAX has a 0.74% expense ratio, which is higher than ITA's 0.42% expense ratio.


FSDAX
Fidelity Select Defense & Aerospace Portfolio
Expense ratio chart for FSDAX: current value at 0.74% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.74%
Expense ratio chart for ITA: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

FSDAX vs. ITA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and iShares U.S. Aerospace & Defense ETF (ITA). 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.


Sharpe ratio
The chart of Sharpe ratio for FSDAX, currently valued at 0.68, compared to the broader market-1.000.001.002.003.004.000.681.21
The chart of Sortino ratio for FSDAX, currently valued at 0.99, compared to the broader market-2.000.002.004.006.008.0010.000.991.68
The chart of Omega ratio for FSDAX, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.003.501.131.23
The chart of Calmar ratio for FSDAX, currently valued at 0.61, compared to the broader market0.002.004.006.008.0010.0012.0014.000.622.16
The chart of Martin ratio for FSDAX, currently valued at 4.08, compared to the broader market0.0020.0040.0060.004.087.11
FSDAX
ITA

The current FSDAX Sharpe Ratio is 0.68, which is lower than the ITA Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of FSDAX and ITA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.68
1.21
FSDAX
ITA

Dividends

FSDAX vs. ITA - Dividend Comparison

FSDAX's dividend yield for the trailing twelve months is around 0.10%, less than ITA's 0.84% yield.


TTM20232022202120202019201820172016201520142013
FSDAX
Fidelity Select Defense & Aerospace Portfolio
0.10%0.64%0.42%0.00%0.30%1.19%0.68%0.41%0.89%4.62%4.99%5.67%
ITA
iShares U.S. Aerospace & Defense ETF
0.84%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%1.21%1.13%

Drawdowns

FSDAX vs. ITA - Drawdown Comparison

The maximum FSDAX drawdown since its inception was -60.20%, roughly equal to the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for FSDAX and ITA. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.09%
-6.71%
FSDAX
ITA

Volatility

FSDAX vs. ITA - Volatility Comparison

The current volatility for Fidelity Select Defense & Aerospace Portfolio (FSDAX) is 5.49%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 5.80%. This indicates that FSDAX experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.49%
5.80%
FSDAX
ITA
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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