FSDAX vs. SHLD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Global X Defence Tech Index ETF (SHLD.TO).

FSDAX is managed by Fidelity. It was launched on May 8, 1984. SHLD.TO is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index. It was launched on Apr 21, 2025.

Performance

FSDAX vs. SHLD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Global X Defence Tech Index ETF (SHLD.TO). The values are adjusted to include any dividend payments, if applicable.

FSDAX vs. SHLD.TO - Yearly Performance Comparison

	2026 (YTD)	2025
FSDAX Fidelity Select Defense & Aerospace Portfolio	-3.56%	35.00%
SHLD.TO Global X Defence Tech Index ETF	9.64%	28.76%

Different Trading Currencies

FSDAX is traded in USD, while SHLD.TO is traded in CAD. To make them comparable, the SHLD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FSDAX achieves a -3.56% return, which is significantly lower than SHLD.TO's 9.64% 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%

SHLD.TO

• 1D: 4.02%
• 1M: -4.97%
• YTD: 9.64%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSDAX vs. SHLD.TO - Expense Ratio Comparison

FSDAX has a 0.74% expense ratio, which is higher than SHLD.TO's 0.50% expense ratio.

FSDAX

Fidelity Select Defense & Aerospace Portfolio

SHLD.TO

Global X Defence Tech Index ETF

Return for Risk

FSDAX vs. SHLD.TO — 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

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. SHLD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Defense & Aerospace Portfolio (FSDAX) and Global X Defence Tech Index ETF (SHLD.TO). 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	SHLD.TO	Difference
Sharpe ratio Return per unit of total volatility	1.48	—	—
Sortino ratio Return per unit of downside risk	2.02	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	1.96	—	—
Martin ratio Return relative to average drawdown	7.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSDAX	SHLD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
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	1.83	-1.20

Correlation

The correlation between FSDAX and SHLD.TO is 0.66, 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. SHLD.TO - Dividend Comparison

FSDAX's dividend yield for the trailing twelve months is around 4.65%, more than SHLD.TO's 0.16% 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%
SHLD.TO Global X Defence Tech Index ETF	0.16%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FSDAX vs. SHLD.TO - Drawdown Comparison

The maximum FSDAX drawdown since its inception was -60.59%, which is greater than SHLD.TO's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for FSDAX and SHLD.TO.

Drawdown Indicators

	FSDAX	SHLD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-60.59%	-14.91%	-45.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.08%	—	—
Current Drawdown Current decline from peak	-16.13%	-11.30%	-4.83%
Average Drawdown Average peak-to-trough decline	-10.45%	-4.47%	-5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	—	—

Volatility

Volatility by Period

	FSDAX	SHLD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	25.17%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	25.17%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	25.17%	-3.10%