FSDAX vs. ROKT

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Select Defense & Aerospace Portfolio (FSDAX) and SPDR S&P Kensho Final Frontiers ETF (ROKT).

FSDAX is managed by Fidelity. It was launched on May 8, 1984. ROKT is a passively managed fund by State Street that tracks the performance of the S&P Kensho Final Frontiers Index. It was launched on Oct 22, 2018.

Performance

FSDAX vs. ROKT - Performance Comparison

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

FSDAX vs. ROKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSDAX Fidelity Select Defense & Aerospace Portfolio	-3.56%	50.03%	15.83%	16.29%	6.83%	4.91%	-7.87%	33.75%	-12.37%
ROKT SPDR S&P Kensho Final Frontiers ETF	16.96%	50.56%	27.89%	14.41%	-0.81%	4.63%	7.99%	40.90%	-13.20%

Returns By Period

In the year-to-date period, FSDAX achieves a -3.56% return, which is significantly lower than ROKT's 16.96% 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%

ROKT

• 1D: 4.44%
• 1M: -4.02%
• YTD: 16.96%
• 6M: 30.61%
• 1Y: 87.29%
• 3Y*: 35.37%
• 5Y*: 20.32%
• 10Y*: —

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

FSDAX vs. ROKT - Expense Ratio Comparison

FSDAX has a 0.74% expense ratio, which is higher than ROKT's 0.45% expense ratio.

FSDAX

Fidelity Select Defense & Aerospace Portfolio

ROKT

SPDR S&P Kensho Final Frontiers ETF

Return for Risk

FSDAX vs. ROKT — Risk / Return Rank

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

FSDAX

FSDAX Risk / Return Rank: 80
FSDAX Sharpe Ratio Rank: 81
FSDAX Sortino Ratio Rank: 80
FSDAX Omega Ratio Rank: 78
FSDAX Calmar Ratio Rank: 82
FSDAX Martin Ratio Rank: 80

ROKT

ROKT Risk / Return Rank: 97
ROKT Sharpe Ratio Rank: 98
ROKT Sortino Ratio Rank: 97
ROKT Omega Ratio Rank: 96
ROKT Calmar Ratio Rank: 98
ROKT Martin Ratio Rank: 98

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. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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	ROKT	Difference
Sharpe ratio Return per unit of total volatility	1.48	3.00	-1.52
Sortino ratio Return per unit of downside risk	2.02	3.66	-1.65
Omega ratio Gain probability vs. loss probability	1.29	1.50	-0.20
Calmar ratio Return relative to maximum drawdown	1.96	6.48	-4.52
Martin ratio Return relative to average drawdown	7.81	24.82	-17.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSDAX vs. ROKT - Sharpe Ratio Comparison

The current FSDAX Sharpe Ratio is 1.48, which is lower than the ROKT Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of FSDAX and ROKT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSDAX	ROKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	3.00	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.93	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.75	-0.12

Correlation

The correlation between FSDAX and ROKT is 0.85, 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. ROKT - Dividend Comparison

FSDAX's dividend yield for the trailing twelve months is around 4.65%, more than ROKT's 0.34% 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%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.34%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%	0.00%	0.00%	0.00%

Drawdowns

FSDAX vs. ROKT - Drawdown Comparison

The maximum FSDAX drawdown since its inception was -60.59%, which is greater than ROKT's maximum drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for FSDAX and ROKT.

Drawdown Indicators

	FSDAX	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-60.59%	-43.16%	-17.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.13%	-13.36%	-2.77%
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	-23.46%	+0.62%
Max Drawdown (10Y) Largest decline over 10 years	-47.08%	—	—
Current Drawdown Current decline from peak	-16.13%	-7.46%	-8.67%
Average Drawdown Average peak-to-trough decline	-10.45%	-6.86%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	3.49%	+0.55%

Volatility

FSDAX vs. ROKT - Volatility Comparison

The current volatility for Fidelity Select Defense & Aerospace Portfolio (FSDAX) is 7.71%, while SPDR S&P Kensho Final Frontiers ETF (ROKT) has a volatility of 10.58%. This indicates that FSDAX experiences smaller price fluctuations and is considered to be less risky than ROKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSDAX	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.71%	10.58%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	15.52%	22.67%	-7.15%
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	29.22%	-6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	21.87%	-1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	24.78%	-2.71%