SKYE vs. FSDAX
Compare and contrast key facts about Skye Bioscience, Inc (SKYE) and Fidelity Select Defense & Aerospace Portfolio (FSDAX).
FSDAX is managed by Fidelity. It was launched on May 8, 1984.
Performance
SKYE vs. FSDAX - Performance Comparison
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SKYE vs. FSDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKYE Skye Bioscience, Inc | -11.31% | -73.51% | 4.04% | -32.84% | -68.85% | 30.00% | -69.47% | -67.25% | 163.16% | -49.67% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 0.15% | 50.03% | 15.83% | 16.29% | 6.83% | 4.91% | -7.87% | 33.75% | -6.83% | 34.15% |
Returns By Period
In the year-to-date period, SKYE achieves a -11.31% return, which is significantly lower than FSDAX's 0.15% return. Over the past 10 years, SKYE has underperformed FSDAX with an annualized return of -42.12%, while FSDAX has yielded a comparatively higher 15.39% annualized return.
SKYE
- 1D
- 8.18%
- 1M
- -12.64%
- YTD
- -11.31%
- 6M
- -84.39%
- 1Y
- -52.51%
- 3Y*
- -46.53%
- 5Y*
- -52.99%
- 10Y*
- -42.12%
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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Return for Risk
SKYE vs. FSDAX — Risk / Return Rank
SKYE
FSDAX
SKYE vs. FSDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Skye Bioscience, Inc (SKYE) 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.
| SKYE | FSDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | 1.70 | -2.12 |
Sortino ratioReturn per unit of downside risk | 0.16 | 2.27 | -2.11 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | -0.66 | 2.44 | -3.10 |
Martin ratioReturn relative to average drawdown | -1.05 | 9.56 | -10.61 |
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
| SKYE | FSDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 1.70 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.79 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.31 | 0.70 | -1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 0.63 | -1.00 |
Correlation
The correlation between SKYE and FSDAX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SKYE vs. FSDAX - Dividend Comparison
SKYE has not paid dividends to shareholders, while FSDAX's dividend yield for the trailing twelve months is around 4.48%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYE Skye Bioscience, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
SKYE vs. FSDAX - Drawdown Comparison
The maximum SKYE drawdown since its inception was -99.96%, which is greater than FSDAX's maximum drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for SKYE and FSDAX.
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Drawdown Indicators
| SKYE | FSDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -60.59% | -39.37% |
Max Drawdown (1Y)Largest decline over 1 year | -87.85% | -16.13% | -71.72% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | -22.84% | -76.23% |
Max Drawdown (10Y)Largest decline over 10 years | -99.83% | -47.08% | -52.75% |
Current DrawdownCurrent decline from peak | -99.95% | -12.91% | -87.04% |
Average DrawdownAverage peak-to-trough decline | -94.87% | -10.45% | -84.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.54% | 4.12% | +51.42% |
Volatility
SKYE vs. FSDAX - Volatility Comparison
Skye Bioscience, Inc (SKYE) has a higher volatility of 23.12% compared to Fidelity Select Defense & Aerospace Portfolio (FSDAX) at 8.46%. This indicates that SKYE'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.
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Volatility by Period
| SKYE | FSDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.12% | 8.46% | +14.66% |
Volatility (6M)Calculated over the trailing 6-month period | 110.81% | 15.97% | +94.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 125.77% | 23.47% | +102.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.29% | 20.00% | +113.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.34% | 22.10% | +115.24% |