FZROX vs. FSDAX
Compare and contrast key facts about Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity Select Defense & Aerospace Portfolio (FSDAX).
FZROX is managed by Fidelity. FSDAX is managed by Fidelity. It was launched on May 8, 1984.
Performance
FZROX vs. FSDAX - Performance Comparison
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FZROX vs. FSDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 0.15% | 50.03% | 15.83% | 16.29% | 6.83% | 4.91% | -7.87% | 33.75% | -14.84% |
Returns By Period
In the year-to-date period, FZROX achieves a -3.98% return, which is significantly lower than FSDAX's 0.15% return.
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
FSDAX
- 1D
- 3.85%
- 1M
- -12.91%
- YTD
- 0.15%
- 6M
- 2.83%
- 1Y
- 38.75%
- 3Y*
- 25.22%
- 5Y*
- 15.72%
- 10Y*
- 15.39%
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FZROX vs. FSDAX - Expense Ratio Comparison
FZROX has a 0.00% expense ratio, which is lower than FSDAX's 0.74% expense ratio.
Return for Risk
FZROX vs. FSDAX — Risk / Return Rank
FZROX
FSDAX
FZROX vs. FSDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Total Market Index Fund (FZROX) 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.
| FZROX | FSDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.70 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.50 | 2.27 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.44 | -0.93 |
Martin ratioReturn relative to average drawdown | 7.28 | 9.56 | -2.28 |
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
| FZROX | FSDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.70 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.79 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.63 | -0.01 |
Correlation
The correlation between FZROX and FSDAX is 0.68, 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
FZROX vs. FSDAX - Dividend Comparison
FZROX's dividend yield for the trailing twelve months is around 1.07%, less than FSDAX's 4.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 4.48% | 4.48% | 7.68% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.57% | 4.87% | 6.30% |
Drawdowns
FZROX vs. FSDAX - Drawdown Comparison
The maximum FZROX drawdown since its inception was -34.96%, smaller than the maximum FSDAX drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for FZROX and FSDAX.
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Drawdown Indicators
| FZROX | FSDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -60.59% | +25.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -16.13% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -22.84% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.08% | — |
Current DrawdownCurrent decline from peak | -6.16% | -12.91% | +6.75% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -10.45% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 4.12% | -1.54% |
Volatility
FZROX vs. FSDAX - Volatility Comparison
The current volatility for Fidelity ZERO Total Market Index Fund (FZROX) is 5.52%, while Fidelity Select Defense & Aerospace Portfolio (FSDAX) has a volatility of 8.46%. This indicates that FZROX 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
| FZROX | FSDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 8.46% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 15.97% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.68% | 23.47% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 20.00% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 22.10% | -1.82% |