ROKT vs. FSDAX

Last updated Jun 3, 2026

ROKT (SPDR S&P Kensho Final Frontiers ETF) and FSDAX (Fidelity Select Defense & Aerospace Portfolio) are both Industrials Equities funds. Over the past 5 years, ROKT returned 25.88%/yr vs 16.32%/yr for FSDAX. Their correlation of 0.84 suggests significant overlap in exposure. ROKT charges 0.45%/yr vs 0.74%/yr for FSDAX.

Performance

ROKT vs. FSDAX - Performance Comparison

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

Returns By Period

In the year-to-date period, ROKT achieves a 52.20% return, which is significantly higher than FSDAX's 7.66% return.

ROKT

• 1D: 1.72%
• 1M: 16.83%
• YTD: 52.20%
• 6M: 68.76%
• 1Y: 122.71%
• 3Y*: 46.59%
• 5Y*: 25.88%
• 10Y*: —

FSDAX

• 1D: -2.01%
• 1M: 6.52%
• YTD: 7.66%
• 6M: 15.06%
• 1Y: 28.03%
• 3Y*: 28.82%
• 5Y*: 16.32%
• 10Y*: 15.55%

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

ROKT vs. FSDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ROKT SPDR S&P Kensho Final Frontiers ETF	52.20%	50.56%	27.89%	14.41%	-0.81%	4.63%	7.99%	40.90%	-13.20%
FSDAX Fidelity Select Defense & Aerospace Portfolio	7.66%	50.03%	15.83%	16.29%	6.83%	4.91%	-7.87%	33.75%	-12.37%

Correlation

The correlation between ROKT and FSDAX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.84

The correlation between ROKT and FSDAX shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ROKT vs. FSDAX — Risk / Return Rank

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

ROKT

ROKT Risk / Return Rank: 95
ROKT Sharpe Ratio Rank: 96
ROKT Sortino Ratio Rank: 94
ROKT Omega Ratio Rank: 92
ROKT Calmar Ratio Rank: 97
ROKT Martin Ratio Rank: 96

FSDAX

FSDAX Risk / Return Rank: 21
FSDAX Sharpe Ratio Rank: 22
FSDAX Sortino Ratio Rank: 21
FSDAX Omega Ratio Rank: 20
FSDAX Calmar Ratio Rank: 23
FSDAX Martin Ratio Rank: 19

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.

ROKT vs. FSDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.

	ROKT	FSDAX	Difference
Sharpe ratio Return per unit of total volatility	4.31	1.38	+2.94
Sortino ratio Return per unit of downside risk	4.87	2.00	+2.87
Omega ratio Gain probability vs. loss probability	1.62	1.24	+0.38
Calmar ratio Return relative to maximum drawdown	10.69	1.83	+8.86
Martin ratio Return relative to average drawdown	39.68	5.37	+34.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROKT vs. FSDAX - Sharpe Ratio Comparison

The current ROKT Sharpe Ratio is 4.31, which is higher than the FSDAX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of ROKT and FSDAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROKT	FSDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.31	1.38	+2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	0.80	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.64	+0.25

Drawdowns

ROKT vs. FSDAX - Drawdown Comparison

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

Drawdown Indicators

	ROKT	FSDAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-60.59%	+17.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-16.13%	+4.73%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-16.13%	-7.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-22.84%	-0.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.08%	—
Current Drawdown Current decline from peak	-5.31%	-6.38%	+1.07%
Average Drawdown Average peak-to-trough decline	-6.75%	-10.45%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	5.50%	-2.43%

Volatility

ROKT vs. FSDAX - Volatility Comparison

SPDR S&P Kensho Final Frontiers ETF (ROKT) has a higher volatility of 12.31% compared to Fidelity Select Defense & Aerospace Portfolio (FSDAX) at 7.44%. This indicates that ROKT's price experiences larger fluctuations and is considered to be riskier than FSDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROKT	FSDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.31%	7.44%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	24.76%	18.23%	+6.53%
Volatility (1Y) Calculated over the trailing 1-year period	28.61%	21.10%	+7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	20.42%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.11%	22.35%	+2.76%

ROKT vs. FSDAX - Expense Ratio Comparison

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

Dividends

ROKT vs. FSDAX - Dividend Comparison

ROKT's dividend yield for the trailing twelve months is around 0.26%, less than FSDAX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSDAX Fidelity Select Defense & Aerospace Portfolio	2.12%	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	0.26%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROKT and FSDAX in my portfolio?

ROKT and FSDAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROKT or FSDAX?

ROKT has higher volatility (12.31%) compared to FSDAX (7.44%). In terms of maximum drawdown, ROKT dropped -43.16% vs FSDAX's -60.59%.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (4.31 vs 1.38), 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.