FSRFX vs. FSDAX
FSRFX (Fidelity Select Transportation Portfolio) and FSDAX (Fidelity Select Defense & Aerospace Portfolio) are both mutual funds - FSRFX is a Industrials Equities fund actively managed by Fidelity, while FSDAX is a Aerospace & Defense fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSRFX returned 12.45%/yr vs 15.62%/yr for FSDAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FSRFX charges 0.69%/yr vs 0.63%/yr for FSDAX.
Performance
FSRFX vs. FSDAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSRFX achieves a 17.17% return, which is significantly higher than FSDAX's 12.58% return. Over the past 10 years, FSRFX has underperformed FSDAX with an annualized return of 12.45%, while FSDAX has yielded a comparatively higher 15.62% annualized return.
FSRFX
- 1D
- -0.86%
- 1M
- -3.37%
- 6M
- 13.80%
- YTD
- 17.17%
- 1Y
- 32.33%
- 3Y*
- 11.46%
- 5Y*
- 10.81%
- 10Y*
- 12.45%
- ALL TIME*
- 12.30%
FSDAX
- 1D
- 0.97%
- 1M
- -4.06%
- 6M
- 6.10%
- YTD
- 12.58%
- 1Y
- 22.65%
- 3Y*
- 28.50%
- 5Y*
- 18.30%
- 10Y*
- 15.62%
- ALL TIME*
- 12.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSRFX vs. FSDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRFX Fidelity Select Transportation Portfolio | 17.17% | 11.45% | 6.33% | 19.29% | -10.21% | 27.79% | 12.83% | 18.43% | -11.02% | 22.00% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 12.58% | 50.03% | 15.83% | 16.29% | 6.83% | 4.91% | -7.87% | 33.75% | -6.83% | 34.15% |
Correlation
The correlation between FSRFX and FSDAX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 1986 | 0.67 |
The correlation between FSRFX and FSDAX shifts across timeframes, from 0.47 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSRFX vs. FSDAX — Risk / Return Rank
FSRFX
FSDAX
FSRFX vs. FSDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Transportation Portfolio (FSRFX) and Fidelity Select Defense & Aerospace Portfolio (FSDAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSRFX | FSDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.33 | +1.14 |
| Martin ratioReturn relative to average drawdown | 8.47 | 3.65 | +4.82 |
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Drawdowns
FSRFX vs. FSDAX - Drawdown Comparison
The maximum FSRFX drawdown since its inception was -60.34%, roughly equal to the maximum FSDAX drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for FSRFX and FSDAX.
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Drawdown Indicators
| FSRFX | FSDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.34% | -60.59% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -16.13% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -16.13% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -21.90% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -47.08% | +5.97% |
Current DrawdownCurrent decline from peak | -5.10% | -5.22% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -10.43% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 5.86% | -2.45% |
Volatility
FSRFX vs. FSDAX - Volatility Comparison
The current volatility for Fidelity Select Transportation Portfolio (FSRFX) is 4.07%, while Fidelity Select Defense & Aerospace Portfolio (FSDAX) has a volatility of 7.33%. This indicates that FSRFX experiences smaller price fluctuations and is considered to be less risky than FSDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRFX | FSDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 7.33% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 18.86% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 22.77% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 20.65% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 22.51% | -0.66% |
FSRFX vs. FSDAX - Expense Ratio Comparison
FSRFX has a 0.69% expense ratio, which is higher than FSDAX's 0.63% expense ratio.
Dividends
FSRFX vs. FSDAX - Dividend Comparison
FSRFX's dividend yield for the trailing twelve months is around 7.94%, more than FSDAX's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSDAX Fidelity Select Defense & Aerospace Portfolio | 2.03% | 4.48% | 7.68% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.57% | 4.87% | 6.30% |
FSRFX Fidelity Select Transportation Portfolio | 7.94% | 4.18% | 7.02% | 2.68% | 8.82% | 12.00% | 7.97% | 3.98% | 11.42% | 5.16% | 1.97% | 7.51% |
Frequently Asked Questions
FSRFX and FSDAX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSDAX has higher volatility (7.33%) compared to FSRFX (4.07%). In terms of maximum drawdown, FSRFX dropped -60.34% vs FSDAX's -60.59%.
FSRFX currently has the higher Sharpe Ratio (1.40 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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